Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-6.74%
trims when stocks drop
when a holding falls −10%+
Middle response
-11.33%
baseline attrition
Rally response
-27.68%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VOOVanguard S&P 500 ETF | $40M | 2.9% | — | 0.5 yr |
| TECHBio-Techne Corporation | $17M | 1.2% | -10.4% | 0.5 yr |
| EQIXEquinix, Inc. | $12M | 0.8% | +23.0% | 4.0 yr |
| AVGOBroadcom Inc. | $12M | 0.8% | +86.0% | 3.8 yr |
| SMGThe Scotts Miracle-Gro C | $11M | 0.8% | +15.8% | 1.8 yr |
| AMZNAmazon.com, Inc. | $10M | 0.7% | +9.5% | 7.0 yr |
| NVDANVIDIA Corporation | $10M | 0.7% | +60.9% | 4.0 yr |
| LKQLKQ Corporation | $10M | 0.7% | -28.4% | 0.8 yr |
| CSLCarlisle Companies Incor | $9M | 0.7% | -0.9% | 3.8 yr |
| DNTHDianthus Therapeutics, I | $9M | 0.6% | +362.6% | 0.8 yr |
| AEEAmeren Corporation | $9M | 0.6% | +12.7% | 3.0 yr |
| RSReliance Steel & Aluminu | $9M | 0.6% | +7.0% | 1.0 yr |
| WEXWEX Inc. | $9M | 0.6% | -2.5% | 0.3 yr |
| CELCCelcuity Inc. | $9M | 0.6% | +1029.0% | 0.5 yr |
| HRBH&R Block, Inc. | $9M | 0.6% | -40.0% | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Biotechnology8.7%+5.3pp$121M
Asset Management5.1%-15.8pp$71M
Unknown3.7%+1.5pp$52M
Semiconductors3.6%+1.2pp$51M
Regulated Electric3.2%+2.3pp$44M
Banks - Regional3.1%-3.4pp$44M
Software - Application3.0%+0.3pp$41M
Software - Infrastructure2.7%+1.8pp$38M
Specialty Retail2.5%+1.9pp$34M
Industrial - Machinery2.3%-1.2pp$33M
Country
US90.9%-2.6pp
Unknown3.7%+1.5pp
GB1.0%+0.4pp
IE1.0%+0.3pp
KY0.6%+0.1pp
BR0.5%
UY0.3%
LU0.2%
Top 5: 6.5% · Top 10: 10.0% · Top 25: 18.7%
Top buys this quarter · 15
| EQIX Equinix, Inc. | +$9M |
| AVGO Broadcom Inc. | +$9M |
| WEX WEX Inc.new | +$9M |
| CDE Coeur Mining, Inc. | +$7M |
| AMZN Amazon.com, Inc. | +$7M |
| RS Reliance Steel & Aluminum Co. | +$7M |
| ALK Alaska Air Group, Inc. | +$7M |
| BURL Burlington Stores, Inc. | +$7M |
| HBAN Huntington Bancshares Incorpor | +$6M |
| PTEN Patterson-UTI Energy, Inc. | +$6M |
Top sells this quarter · 15
| LBRT Liberty Energy Inc. | −$14M |
| SITE SiteOne Landscape Supply, Inc. | −$14M |
| GLNG Golar LNG Limited | −$14M |
| ATRO Astronics Corporationexit | −$13M |
| FFIV F5, Inc.exit | −$12M |
| DVA DaVita Inc.exit | −$11M |
| COHU Cohu, Inc. | −$10M |
| CRM Salesforce, Inc.exit | −$10M |
| SHW The Sherwin-Williams Companyexit | −$10M |
| DAN Dana Incorporated | −$9M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.39B | 639 | +18.04% | +17.59% | +0.45% | +0.09B |
| 2025-12-31 | $1.26B | 555 | +9.71% | +17.72% | -8.01% | -0.08B |
| 2025-09-30 | $1.31B | 583 | +9.56% | +17.52% | -7.96% | +0.13B |
| 2025-06-30 | $1.12B | 586 | +12.27% | +14.94% | -2.68% | +0.27B |
| 2025-03-31 | $811M | 487 | +5.51% | +8.30% | -2.79% | +0.03B |
| 2024-12-31 | $805M | 480 | +17.78% | +24.89% | -7.10% | -0.17B |
| 2024-09-30 | $955M | 456 | +29.31% | +36.04% | -6.73% | -0.12B |
| 2024-06-30 | $994M | 455 | +18.43% | +24.49% | -6.06% | +0.21B |
| 2024-03-31 | $791M | 560 | +25.74% | +29.62% | -3.89% | +0.18B |
| 2023-12-31 | $563M | 436 | +21.49% | +26.18% | -4.68% | +0.07B |
| 2023-09-30 | $438M | 419 | +12.31% | +21.57% | -9.26% | +0.18B |
| 2023-06-30 | $262M | 279 | +9.02% | +19.42% | -10.40% | +0.07B |
| 2023-03-31 | $183M | 246 | -15.06% | -7.82% | -7.24% | -0.02B |
| 2022-12-31 | $200M | 215 | -13.55% | -18.17% | +4.62% | -0.09B |
| 2022-09-30 | $283M | 273 | -11.83% | -15.51% | +3.67% | +0.06B |
| 2022-06-30 | $228M | 245 | -7.53% | -10.62% | +3.09% | +0.05B |