Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-5.27%
trims when stocks drop
when a holding falls −10%+
Middle response
-14.21%
baseline attrition
Rally response
+0.42%
adds into rallies
when a holding rises +10%+
Top positions · 29
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| FITBFifth Third Bancorp | $177M | 13.1% | +13.4% | 0.3 yr |
| BKUBankUnited, Inc. | $160M | 11.9% | +29.3% | 0.8 yr |
| COLBColumbia Banking System, | $157M | 11.7% | +13.7% | 1.0 yr |
| KEYKeyCorp | $150M | 11.1% | +28.0% | 1.0 yr |
| EBCEastern Bankshares, Inc. | $144M | 10.7% | +24.7% | 1.0 yr |
| FIBKFirst Interstate BancSys | $132M | 9.8% | +19.2% | 1.0 yr |
| CPFCentral Pacific Financia | $78M | 5.8% | +14.3% | 4.8 yr |
| HOPEHope Bancorp, Inc. | $70M | 5.2% | -4.1% | 0.5 yr |
| BBTBeacon Financial Corp. | $62M | 4.6% | +17.0% | 3.8 yr |
| CFFNCapitol Federal Financia | $46M | 3.4% | +33.2% | 1.0 yr |
| CVBFCVB Financial Corp. | $45M | 3.4% | +13.3% | 3.8 yr |
| TRSTTrustCo Bank Corp NY | $38M | 2.8% | +40.5% | 1.0 yr |
| CFGCitizens Financial Group | $31M | 2.3% | +54.2% | 1.0 yr |
| HTBKHeritage Commerce Corp | $20M | 1.5% | — | 5.0 yr |
| BMRCBank of Marin Bancorp | $13M | 1.0% | +35.6% | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Banks - Regional95.1%-4.9pp$1.28B
Asset Management4.6%$62M
Software - Infrastructure0.3%$3M
Country
US100.0%+0.0pp
Top 5: 58.6% · Top 10: 87.4% · Top 25: 99.8%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| PEBK | $3M | +0.00B | 62.0% |
| SHBI | $2M | +0.00B | 39.6% |
| EBMT | $2M | +0.00B | 37.0% |
| THFF | $1M | +0.00B | 53.0% |
| CPF | $2M | +0.00B | 14.3% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| FNWB | $1M | -0.00B | -17.3% |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.34B | 29 | +28.81% | +17.59% | +11.22% | -0.01B |
| 2025-12-31 | $1.33B | 29 | +46.04% | +30.04% | +16.00% | +0.30B |
| 2025-09-30 | $948M | 26 | +31.43% | +32.21% | -0.78% | +0.23B |
| 2025-06-30 | $639M | 24 | +9.45% | +34.99% | -25.54% | +0.62B |
| 2024-09-30 | $19M | 15 | +33.87% | +36.04% | -2.17% | +0.00B |
| 2024-06-30 | $16M | 15 | +10.79% | +24.49% | -13.70% | -0.00B |
| 2024-03-31 | $17M | 15 | +1.44% | +29.62% | -28.18% | -0.02B |
| 2023-12-31 | $36M | 20 | +7.82% | +26.18% | -18.36% | -0.01B |
| 2023-09-30 | $36M | 22 | -3.44% | +21.57% | -25.01% | -0.11B |
| 2023-06-30 | $158M | 22 | -5.34% | +19.42% | -24.76% | -0.01B |
| 2023-03-31 | $182M | 19 | -8.21% | -7.82% | -0.39% | -0.29B |
| 2022-12-31 | $473M | 21 | +12.82% | +7.56% | +5.26% | +0.11B |
| 2022-09-30 | $325M | 21 | -6.28% | -4.93% | -1.35% | +0.15B |
| 2022-06-30 | $183M | 19 | -13.04% | -16.11% | +3.07% | +0.06B |
| 2022-03-31 | $137M | 24 | — | — | — | -0.49B |
| 2021-12-31 | $625M | 23 | — | — | — | -0.02B |