Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.03%
adds when stocks drop
when a holding falls −10%+
Middle response
-1.31%
baseline attrition
Rally response
-4.18%
trims into rallies
when a holding rises +10%+
Top positions · 27
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SNEXStoneX Group Inc. | $131M | 11.3% | +5.6% | 5.3 yr |
| VSECVSE Corporation | $97M | 8.3% | +54.1% | 2.0 yr |
| TFINTriumph Financial, Inc. | $85M | 7.4% | +3.2% | 2.8 yr |
| PLUSePlus inc. | $70M | 6.0% | +24.5% | 5.8 yr |
| WINAWinmark Corporation | $69M | 6.0% | +38.9% | 7.3 yr |
| IESCIES Holdings, Inc. | $62M | 5.3% | +188.6% | 7.3 yr |
| AGXArgan, Inc. | $61M | 5.2% | +318.5% | 7.0 yr |
| ULSUL Solutions Inc. | $60M | 5.2% | +53.1% | 2.0 yr |
| BKRBaker Hughes Company | $54M | 4.6% | +41.7% | 6.3 yr |
| NVRNVR, Inc. | $40M | 3.4% | -9.0% | 7.3 yr |
| MARMarriott International, | $39M | 3.4% | +38.6% | 6.0 yr |
| UNHUnitedHealth Group Incor | $38M | 3.3% | -46.9% | 7.3 yr |
| BGCBGC Group, Inc | $34M | 2.9% | +7.7% | 2.8 yr |
| — | $31M | 2.7% | — | 0.5 yr |
| UFPTUFP Technologies, Inc. | $30M | 2.6% | -4.0% | 7.3 yr |
Portfolio composition (YoY)
Industry mix
Financial - Capital Markets14.3%-4.7pp$166M
Software - Application10.6%+0.5pp$123M
Engineering & Construction10.6%+4.0pp$123M
Banks - Regional9.7%+4.4pp$113M
Aerospace & Defense8.3%+0.8pp$97M
Apparel - Footwear & Accessories6.0%+0.5pp$69M
Specialty Business Services5.2%+0.5pp$60M
Oil & Gas Equipment & Services4.6%+0.2pp$54M
Residential Construction3.4%-0.5pp$40M
Travel Lodging3.4%+0.1pp$39M
Country
US92.7%-1.2pp
Unknown2.7%
KY2.0%+0.4pp
CA1.5%-0.5pp
GB1.1%-1.3pp
Top 5: 39.0% · Top 10: 62.8% · Top 25: 97.8%
Top buys this quarter · 15
| SNEX StoneX Group Inc. | +$26M |
| ODC Oil-Dri Corporation of Americanew | +$22M |
| UNH UnitedHealth Group Incorporate | +$17M |
| CLMB Climb Global Solutions, Inc. | +$19M |
| NBBK NB Bancorp, Inc. Common Stock | +$13M |
| NVR NVR, Inc. | +$5M |
| AGYS Agilysys, Inc. | +$29M |
| UFPT UFP Technologies, Inc. | +$30M |
| LYTS LSI Industries Inc. | +$0M |
| IIIV i3 Verticals, Inc. | +$26M |
Top sells this quarter · 12
| BGC BGC Group, Inc | −$62M |
| VSEC VSE Corporation | −$21M |
| AGX Argan, Inc. | −$45M |
| ULS UL Solutions Inc. | −$11M |
| BKR Baker Hughes Company | −$46M |
| DJCO Daily Journal Corporation | −$8M |
| JBI Janus International Group, Incexit | −$8M |
| IESC IES Holdings, Inc. | −$55M |
| PLUS ePlus inc. | −$6M |
| MAR Marriott International, Inc. | −$5M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.16B | 27 | +27.27% | +17.59% | +9.68% | -0.04B |
| 2025-12-31 | $1.21B | 27 | +20.71% | +17.72% | +2.99% | +0.01B |
| 2025-09-30 | $1.21B | 25 | +30.16% | +17.52% | +12.64% | -0.05B |
| 2025-06-30 | $1.14B | 26 | +34.84% | +14.94% | +19.90% | -0.02B |
| 2025-03-31 | $997M | 27 | +18.04% | +8.30% | +9.73% | -0.13B |
| 2024-12-31 | $1.20B | 27 | +33.61% | +24.89% | +8.73% | +0.01B |
| 2024-09-30 | $1.11B | 27 | +39.50% | +36.04% | +3.46% | -0.04B |
| 2024-06-30 | $1.01B | 28 | +24.30% | +24.49% | -0.20% | +0.06B |
| 2024-03-31 | $922M | 27 | +33.40% | +29.62% | +3.78% | -0.00B |
| 2023-12-31 | $867M | 26 | +34.87% | +26.18% | +8.70% | -0.08B |
| 2023-09-30 | $840M | 31 | +30.77% | +21.57% | +9.21% | -0.03B |
| 2023-06-30 | $850M | 30 | +21.28% | +19.42% | +1.85% | -0.06B |
| 2023-03-31 | $832M | 29 | +4.07% | -7.82% | +11.89% | +0.06B |
| 2022-12-31 | $714M | 30 | +8.85% | +7.56% | +1.29% | -0.01B |
| 2022-09-30 | $669M | 31 | -5.59% | -4.93% | -0.66% | +0.03B |
| 2022-06-30 | $680M | 33 | -6.02% | -16.11% | +10.09% | -0.01B |