Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+8.40%
adds when stocks drop
when a holding falls −10%+
Middle response
+3.61%
steady accumulation
Rally response
+0.14%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPBSpectrum Brands Holdings | $151M | 10.7% | +6.2% | 4.3 yr |
| VTRSViatris Inc. | $110M | 7.7% | +62.4% | 5.5 yr |
| WWWWolverine World Wide, In | $74M | 5.2% | +19.2% | 2.8 yr |
| GSKGSK plc | $70M | 4.9% | +48.1% | 3.5 yr |
| BTIBritish American Tobacco | $63M | 4.4% | +47.5% | 1.0 yr |
| GPNGlobal Payments Inc. | $57M | 4.0% | -30.4% | 1.5 yr |
| MTCHMatch Group, Inc. | $52M | 3.7% | +0.1% | 1.5 yr |
| BXBlackstone Inc. | $52M | 3.7% | -14.9% | 1.0 yr |
| PRDOPerdoceo Education Corpo | $49M | 3.5% | +50.6% | 2.3 yr |
| APOApollo Global Management | $49M | 3.4% | -17.4% | 2.5 yr |
| COFCapital One Financial Co | $48M | 3.4% | +3.1% | 1.5 yr |
| OVVOvintiv Inc. | $44M | 3.1% | +42.6% | 2.0 yr |
| FCPTFour Corners Property Tr | $37M | 2.6% | -13.9% | 1.0 yr |
| ETEnergy Transfer LP | $36M | 2.6% | +12.1% | 7.5 yr |
| OCOwens Corning | $35M | 2.5% | -22.3% | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management13.5%-5.8pp$191M
Household & Personal Products10.7%+2.0pp$151M
Financial - Credit Services7.9%-2.0pp$112M
Drug Manufacturers - Specialty & Generic7.7%+2.5pp$110M
Tobacco5.7%$80M
Internet Content & Information5.6%+1.4pp$80M
Apparel - Footwear & Accessories5.2%-1.9pp$74M
REIT - Retail5.0%+2.4pp$71M
Drug Manufacturers - General4.9%-2.5pp$70M
Oil & Gas Midstream4.1%+0.4pp$59M
Country
US89.3%-0.3pp
GB9.8%+6.1pp
BM0.9%
Top 5: 32.9% · Top 10: 51.2% · Top 25: 83.5%
Top buys this quarter · 15
| BX Blackstone Inc. | +$50M |
| OVV Ovintiv Inc. | +$40M |
| WFC Wells Fargo & Company | +$23M |
| BTI British American Tobacco p.l.c | +$23M |
| UDR UDR, Inc. | +$22M |
| DX Dynex Capital, Inc.new | +$21M |
| BBWI Bath & Body Works, Inc.new | +$20M |
| GPN Global Payments Inc. | +$18M |
| WWW Wolverine World Wide, Inc. | +$16M |
| SSNC SS&C Technologies Holdings, In | +$14M |
Top sells this quarter · 15
| LBRT Liberty Energy Inc.exit | −$66M |
| AQN Algonquin Power & Utilities Coexit | −$35M |
| VTRS Viatris Inc. | −$21M |
| OWL Blue Owl Capital Inc. | −$19M |
| MO Altria Group, Inc. | −$14M |
| SOLS Solstice Advanced Materials Inexit | −$13M |
| UGI UGI Corporation | −$10M |
| BAX Baxter International Inc. | −$5M |
| SHEL Shell plc | −$5M |
| PAGP Plains GP Holdings, L.P. | −$4M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.42B | 55 | +7.17% | +17.59% | -10.43% | +0.19B |
| 2025-12-31 | $1.25B | 52 | +5.34% | +17.72% | -12.38% | +0.09B |
| 2025-09-30 | $1.14B | 53 | +7.26% | +17.52% | -10.26% | +0.12B |
| 2025-06-30 | $966M | 47 | +10.77% | +14.94% | -4.17% | +0.36B |
| 2025-03-31 | $601M | 43 | +9.69% | +8.30% | +1.38% | +0.13B |
| 2024-12-31 | $484M | 42 | +24.70% | +24.89% | -0.19% | -0.00B |
| 2024-09-30 | $476M | 42 | +32.28% | +36.04% | -3.76% | +0.01B |
| 2024-06-30 | $426M | 42 | +24.38% | +24.49% | -0.11% | +0.01B |
| 2024-03-31 | $412M | 37 | +29.52% | +29.62% | -0.11% | -0.00B |
| 2023-12-31 | $378M | 37 | +21.47% | +26.18% | -4.71% | -0.01B |
| 2023-09-30 | $359M | 42 | +23.34% | +21.57% | +1.77% | -0.00B |
| 2023-06-30 | $348M | 36 | +10.41% | +19.42% | -9.02% | -0.00B |
| 2023-03-31 | $336M | 44 | -5.16% | -7.82% | +2.66% | -0.00B |
| 2022-12-31 | $329M | 41 | +10.71% | +7.56% | +3.15% | -0.02B |
| 2022-09-30 | $315M | 43 | -7.64% | -4.93% | -2.71% | +0.01B |
| 2022-06-30 | $329M | 48 | -10.08% | -16.11% | +6.03% | +0.06B |