Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+12.09%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.14%
baseline attrition
Rally response
-8.87%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BRK-BBerkshire Hathaway Inc. | $46M | 5.5% | — | 5.3 yr |
| GOOGLAlphabet Inc. | $41M | 5.0% | — | 8.5 yr |
| GIBCGI Inc. | $37M | 4.4% | -26.4% | 7.3 yr |
| AAPLApple Inc. | $29M | 3.4% | +14.7% | 5.3 yr |
| METAMeta Platforms, Inc. | $28M | 3.4% | -0.4% | 7.8 yr |
| ULTAUlta Beauty, Inc. | $28M | 3.3% | +42.6% | 6.8 yr |
| NOANorth American Construct | $28M | 3.3% | -13.1% | 8.0 yr |
| ABBVAbbVie Inc. | $25M | 3.0% | +7.3% | 8.5 yr |
| MSFTMicrosoft Corporation | $24M | 2.8% | -0.6% | 8.5 yr |
| OLLIOllie's Bargain Outlet H | $22M | 2.7% | -20.9% | 6.8 yr |
| INDVIndivior Pharmaceuticals | $22M | 2.6% | — | 0.3 yr |
| CVSCVS Health Corporation | $21M | 2.5% | +10.0% | 8.5 yr |
| RYRoyal Bank of Canada | $20M | 2.4% | +48.2% | 8.5 yr |
| UIUbiquiti Inc. | $19M | 2.3% | +156.2% | 6.8 yr |
| — | $19M | 2.3% | — | 3.3 yr |
Portfolio composition (YoY)
Industry mix
Internet Content & Information9.7%+0.9pp$81M
Banks - Diversified9.2%+1.3pp$76M
Drug Manufacturers - General9.1%+0.8pp$75M
Information Technology Services6.6%-2.4pp$55M
Insurance - Diversified5.6%-1.9pp$46M
Discount Stores4.8%-1.3pp$40M
Specialty Retail4.3%+0.2pp$36M
Communication Equipment3.9%+1.0pp$33M
Consumer Electronics3.4%-0.4pp$29M
Oil & Gas Equipment & Services3.3%-1.4pp$28M
Country
US70.3%+1.0pp
CA24.4%+1.4pp
Unknown2.9%-2.0pp
GB1.3%+0.1pp
DK0.7%+0.4pp
IE0.3%-0.1pp
KY0.0%+0.0pp
TR0.0%-0.0pp
Top 5: 21.7% · Top 10: 36.9% · Top 25: 65.5%
Top buys this quarter · 15
| INDV Indivior Pharmaceuticals Incnew | +$22M |
| SFM Sprouts Farmers Market, Inc.new | +$17M |
| CDE Coeur Mining, Inc.new | +$5M |
| CNI Canadian National Railway Comp | +$4M |
| GIB CGI Inc. | +$37M |
| CTSH Cognizant Technology Solutions | +$13M |
| ISRG Intuitive Surgical, Inc. | +$1M |
| ENB Enbridge Inc. | +$0M |
| BMY Bristol-Myers Squibb Company | +$0M |
| NVO Novo Nordisk A/S | +$6M |
Top sells this quarter · 15
| QIPT Quipt Home Medical Corp.exit | −$11M |
| NGD New Gold Inc.exit | −$5M |
| ESI Element Solutions Inc | −$4M |
| SUNC SunocoCorp LLC | −$10M |
| KVUE Kenvue Inc. | −$2M |
| MSFT Microsoft Corporation | −$1M |
| GOOG Alphabet Inc. | −$1M |
| META Meta Platforms, Inc. | −$1M |
| NEM Newmont Corporation | −$0M |
| ARIS Aris Mining Corporation | −$6M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $831M | 349 | +16.62% | +17.59% | -0.97% | +0.01B |
| 2025-12-31 | $855M | 377 | +18.28% | +17.72% | +0.56% | -0.01B |
| 2025-09-30 | $833M | 402 | +15.39% | +17.52% | -2.13% | +0.01B |
| 2025-06-30 | $768M | 431 | +16.19% | +14.94% | +1.25% | +0.02B |
| 2025-03-31 | $689M | 298 | +1.95% | +8.30% | -6.36% | +0.08B |
| 2024-12-31 | $631M | 303 | +12.49% | +24.89% | -12.39% | +0.01B |
| 2024-09-30 | $610M | 333 | +19.47% | +36.04% | -16.56% | +0.01B |
| 2024-06-30 | $560M | 248 | +10.16% | +24.49% | -14.33% | -0.01B |
| 2024-03-31 | $594M | 210 | +17.71% | +29.62% | -11.91% | -0.01B |
| 2023-12-31 | $559M | 189 | +18.60% | +26.18% | -7.58% | +0.01B |
| 2023-09-30 | $509M | 154 | +10.15% | +21.57% | -11.41% | -0.00B |
| 2023-06-30 | $512M | 153 | -3.57% | +19.42% | -23.00% | -0.00B |
| 2023-03-31 | $503M | 150 | -34.39% | -7.82% | -26.57% | +0.02B |
| 2022-12-31 | $449M | 144 | -42.01% | -18.17% | -23.84% | +0.03B |
| 2022-09-30 | $419M | 147 | -35.91% | -15.51% | -20.40% | +0.02B |
| 2022-06-30 | $461M | 148 | -26.06% | -10.62% | -15.44% | +0.10B |