Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-12.77%
trims when stocks drop
when a holding falls −10%+
Middle response
+3.67%
steady accumulation
Rally response
-2.53%
trims into rallies
when a holding rises +10%+
Top positions · 28
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| XPOXPO Logistics, Inc. | $66M | 7.6% | +80.8% | 1.5 yr |
| CRCrane Company | $61M | 7.1% | +12.2% | 1.5 yr |
| AMZNAmazon.com, Inc. | $56M | 6.5% | +9.5% | 1.5 yr |
| MLMMartin Marietta Material | $54M | 6.2% | +23.8% | 0.8 yr |
| GEVGE Vernova Inc. | $52M | 6.0% | +186.8% | 1.5 yr |
| GOOGAlphabet Inc. | $47M | 5.5% | +84.3% | 1.0 yr |
| TTWOTake-Two Interactive Sof | $42M | 4.9% | -4.7% | 1.5 yr |
| LOARLoar Holdings Inc. | $40M | 4.6% | -18.9% | 1.5 yr |
| GEGE Aerospace | $38M | 4.4% | +42.5% | 1.5 yr |
| HLTHilton Worldwide Holding | $37M | 4.3% | +33.9% | 1.5 yr |
| WWDWoodward, Inc. | $36M | 4.1% | +97.0% | 0.8 yr |
| RACEFerrari N.V. | $34M | 3.9% | -20.3% | 1.5 yr |
| RBCRBC Bearings Incorporate | $33M | 3.8% | +68.8% | 0.8 yr |
| APGAPi Group Corporation | $30M | 3.5% | +70.0% | 1.5 yr |
| UNPUnion Pacific Corporatio | $29M | 3.3% | +5.1% | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Aerospace & Defense15.5%-2.5pp$134M
Specialty Retail8.8%-8.8pp$77M
Industrial - Machinery8.5%+1.1pp$74M
Internet Content & Information8.2%+1.3pp$71M
Integrated Freight & Logistics7.6%+2.8pp$66M
Construction Materials6.2%$54M
Renewable Utilities6.0%+1.0pp$52M
Electronic Gaming & Multimedia4.9%-3.4pp$42M
Travel Lodging4.3%+0.8pp$37M
Auto - Manufacturers3.9%-1.7pp$34M
Country
US90.0%+3.9pp
IT3.9%-1.7pp
LU2.4%-2.5pp
GB2.2%+1.9pp
IE1.4%
Unknown0.2%
Top 5: 33.4% · Top 10: 57.0% · Top 25: 98.7%
Top buys this quarter · 15
| FERG Ferguson plcnew | +$19M |
| MLM Martin Marietta Materials, Inc | +$15M |
| JCI Johnson Controls Internationalnew | +$12M |
| NVDA NVIDIA Corporation | +$10M |
| SHW The Sherwin-Williams Company | +$9M |
| AMZN Amazon.com, Inc. | +$7M |
| CLH Clean Harbors, Inc.new | +$7M |
| ORLY O'Reilly Automotive, Inc. | +$6M |
| IBKR Interactive Brokers Group, Inc | +$5M |
| UNP Union Pacific Corporation | +$5M |
Top sells this quarter · 14
| TDG TransDigm Group Incorporatedexit | −$22M |
| BX Blackstone Inc.exit | −$16M |
| SHOP Shopify Inc.exit | −$15M |
| MSFT Microsoft Corporationexit | −$15M |
| WWD Woodward, Inc. | −$35M |
| TTWO Take-Two Interactive Software, | −$6M |
| XPO XPO Logistics, Inc. | −$49M |
| GEV GE Vernova Inc. | −$43M |
| DDOG Datadog, Inc. | −$5M |
| META Meta Platforms, Inc. | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $866M | 28 | +27.20% | +17.59% | +9.61% | +0.00B |
| 2025-12-31 | $867M | 27 | +23.20% | +17.72% | +5.49% | -0.05B |
| 2025-09-30 | $913M | 31 | +2.66% | +8.12% | -5.46% | -0.06B |
| 2025-06-30 | $948M | 25 | +24.28% | +10.78% | +13.51% | -0.00B |
| 2025-03-31 | $765M | 29 | -3.54% | -4.27% | +0.72% | -0.08B |
| 2024-12-31 | $873M | 29 | — | — | — | — |