Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.85%
trims when stocks drop
when a holding falls −10%+
Middle response
-9.57%
baseline attrition
Rally response
-25.30%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| EQIXEquinix, Inc. | $47M | 1.5% | +23.0% | 1.0 yr |
| JBLJabil Inc. | $47M | 1.5% | +95.5% | 2.0 yr |
| TERTeradyne, Inc. | $46M | 1.5% | +260.2% | 3.0 yr |
| NOKNokia Oyj | $46M | 1.4% | +57.0% | 0.5 yr |
| WMWaste Management, Inc. | $45M | 1.4% | +0.8% | 0.5 yr |
| GOOGAlphabet Inc. | $44M | 1.4% | +84.3% | 0.8 yr |
| JPMJPMorgan Chase & Co. | $42M | 1.3% | +21.8% | 6.3 yr |
| LPLALPL Financial Holdings I | $40M | 1.3% | -7.7% | 2.3 yr |
| MKSIMKS Inc. | $39M | 1.2% | +188.8% | 5.8 yr |
| GPCGenuine Parts Company | $39M | 1.2% | -8.3% | 1.5 yr |
| WDCWestern Digital Corporat | $38M | 1.2% | +571.9% | 2.3 yr |
| CMICummins Inc. | $38M | 1.2% | +74.8% | 0.8 yr |
| MCHPMicrochip Technology Inc | $38M | 1.2% | +37.5% | 2.0 yr |
| EVREvercore Inc. | $37M | 1.2% | +51.2% | 8.3 yr |
| OVVOvintiv Inc. | $37M | 1.1% | +42.6% | 3.5 yr |
Portfolio composition (YoY)
Industry mix
Industrial - Machinery7.3%+1.3pp$232M
Semiconductors6.6%+0.8pp$211M
Banks - Regional5.9%-0.5pp$186M
Regulated Electric4.9%-0.5pp$157M
Hardware, Equipment & Parts4.7%+3.2pp$151M
Oil & Gas Exploration & Production3.6%+0.6pp$114M
Financial - Capital Markets2.8%+0.8pp$87M
Electrical Equipment & Parts2.4%+0.1pp$76M
Medical - Diagnostics & Research2.1%+0.1pp$67M
Chemicals - Specialty2.0%-0.5pp$64M
Country
US91.7%-0.8pp
CA2.6%+2.4pp
GB1.6%+1.3pp
FI1.4%
Unknown1.0%
IE0.6%-3.7pp
SG0.4%+0.1pp
BM0.4%+0.1pp
Top 5: 7.3% · Top 10: 13.7% · Top 25: 29.7%
Top buys this quarter · 15
| OVV Ovintiv Inc. | +$36M |
| NDAQ Nasdaq, Inc.new | +$31M |
| HAL Halliburton Companynew | +$26M |
| CAH Cardinal Health, Inc.new | +$24M |
| WM Waste Management, Inc. | +$24M |
| AMAT Applied Materials, Inc.new | +$24M |
| TKO TKO Group Holdings, Inc.new | +$23M |
| HBAN Huntington Bancshares Incorpornew | +$22M |
| RYAN Ryan Specialty Holdings, Inc. | +$21M |
| GPC Genuine Parts Company | +$20M |
Top sells this quarter · 15
| DGX Quest Diagnostics Incorporated | −$110M |
| ITT ITT Inc. | −$103M |
| NEE NextEra Energy, Inc. | −$91M |
| PG The Procter & Gamble Company | −$58M |
| CMI Cummins Inc. | −$58M |
| XEL Xcel Energy Inc. | −$44M |
| JKHY Jack Henry & Associates, Inc. | −$42M |
| MCO Moody's Corporationexit | −$41M |
| VRT Vertiv Holdings Co | −$39M |
| SEI Solaris Energy Infrastructure, | −$38M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $3.18B | 163 | +37.61% | +17.59% | +20.02% | -0.44B |
| 2025-12-31 | $3.29B | 156 | +24.41% | +17.72% | +6.70% | -1.28B |
| 2025-09-30 | $4.28B | 165 | +17.07% | +17.52% | -0.45% | -0.75B |
| 2025-06-30 | $4.66B | 166 | +32.58% | +14.94% | +17.64% | -0.31B |
| 2025-03-31 | $4.57B | 163 | +18.36% | +8.30% | +10.06% | -0.36B |
| 2024-12-31 | $4.96B | 160 | +28.50% | +24.89% | +3.61% | -0.19B |
| 2024-09-30 | $5.13B | 154 | +44.81% | +36.04% | +8.78% | -1.35B |
| 2024-06-30 | $5.29B | 156 | +15.31% | +24.49% | -9.18% | -0.25B |
| 2024-03-31 | $5.72B | 159 | +24.00% | +29.62% | -5.62% | -0.51B |
| 2023-12-31 | $5.77B | 152 | +16.39% | +26.18% | -9.79% | -0.64B |
| 2023-09-30 | $5.67B | 148 | +15.78% | +21.57% | -5.79% | -0.37B |
| 2023-06-30 | $6.21B | 154 | +14.24% | +19.42% | -5.18% | -0.49B |
| 2023-03-31 | $6.43B | 161 | -4.74% | -7.82% | +3.08% | -0.15B |
| 2022-12-31 | $6.48B | 159 | +12.46% | +7.56% | +4.90% | -0.39B |
| 2022-09-30 | $6.12B | 147 | -3.91% | -4.93% | +1.01% | -0.31B |
| 2022-06-30 | $6.69B | 143 | -13.08% | -16.11% | +3.03% | -0.54B |