Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+5.67%
adds when stocks drop
when a holding falls −10%+
Middle response
-1.38%
baseline attrition
Rally response
-4.28%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CIENCiena Corporation | $61M | 9.3% | +542.4% | 8.5 yr |
| JBLJabil Inc. | $47M | 7.2% | +95.5% | 8.5 yr |
| AMATApplied Materials, Inc. | $38M | 5.8% | +137.6% | 8.5 yr |
| LITELumentum Holdings Inc. | $38M | 5.8% | +1027.3% | 5.8 yr |
| COHRCoherent, Inc. | $27M | 4.1% | +266.8% | 3.8 yr |
| MSIMotorola Solutions, Inc. | $23M | 3.5% | +0.2% | 8.0 yr |
| EATBrinker International, I | $20M | 3.1% | -4.2% | 6.3 yr |
| JCIJohnson Controls Interna | $20M | 3.0% | +65.7% | 8.5 yr |
| TPRTapestry, Inc. | $19M | 3.0% | +103.3% | 5.0 yr |
| NVDANVIDIA Corporation | $16M | 2.5% | +60.9% | 6.3 yr |
| HPQHP Inc. | $16M | 2.4% | -27.1% | 8.5 yr |
| WSTWest Pharmaceutical Serv | $16M | 2.4% | +12.3% | 3.3 yr |
| BKNGBooking Holdings Inc. | $15M | 2.4% | -96.3% | 6.3 yr |
| SGISomnigroup International | $15M | 2.3% | +24.4% | 5.5 yr |
| TXNTexas Instruments Incorp | $14M | 2.2% | +11.4% | 8.5 yr |
Portfolio composition (YoY)
Industry mix
Communication Equipment18.5%+5.6pp$121M
Semiconductors11.4%-0.3pp$75M
Hardware, Equipment & Parts11.3%+0.9pp$74M
Industrial - Machinery5.1%+0.7pp$33M
Medical - Devices4.8%-1.2pp$31M
Medical - Diagnostics & Research4.0%+1.3pp$26M
Specialty Retail3.4%+0.8pp$22M
Restaurants3.1%-1.4pp$20M
Luxury Goods3.0%+0.8pp$19M
Apparel - Footwear & Accessories2.6%-0.4pp$17M
Country
US95.4%+0.8pp
IE3.0%+0.4pp
IL1.4%-1.1pp
Unknown0.2%-0.1pp
CA0.0%-0.0pp
Top 5: 32.3% · Top 10: 47.3% · Top 25: 77.9%
Top buys this quarter · 15
| ADBE Adobe Inc.new | +$9M |
| HPQ HP Inc. | +$7M |
| NVR NVR, Inc. | +$7M |
| WST West Pharmaceutical Services, | +$6M |
| IQV IQVIA Holdings Inc. | +$4M |
| ITGR Integer Holdings Corporation | +$3M |
| URI United Rentals, Inc. | +$2M |
| WTS Watts Water Technologies, Inc. | +$2M |
| TMO Thermo Fisher Scientific Inc. | +$13M |
| AMTM Amentum Holdings, Inc. | +$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $653M | 47 | +72.52% | +17.59% | +54.93% | -0.05B |
| 2025-12-31 | $639M | 47 | +40.41% | +17.72% | +22.69% | -0.04B |
| 2025-09-30 | $574M | 47 | +26.65% | +17.52% | +9.14% | -0.04B |
| 2025-06-30 | $533M | 47 | +16.97% | +14.94% | +2.02% | -0.02B |
| 2025-03-31 | $474M | 47 | +0.81% | +8.30% | -7.49% | +0.00B |
| 2024-12-31 | $527M | 46 | +27.60% | +24.89% | +2.71% | -0.04B |
| 2024-09-30 | $537M | 48 | +32.40% | +36.04% | -3.64% | +0.00B |
| 2024-06-30 | $506M | 45 | +17.74% | +24.49% | -6.75% | -0.02B |
| 2024-03-31 | $524M | 46 | +24.48% | +29.62% | -5.14% | -0.00B |
| 2023-12-31 | $469M | 46 | +23.47% | +26.18% | -2.71% | -0.03B |
| 2023-09-30 | $451M | 48 | +27.02% | +21.57% | +5.45% | -0.01B |
| 2023-06-30 | $487M | 47 | +28.60% | +19.42% | +9.17% | -0.01B |
| 2023-03-31 | $469M | 45 | -1.33% | -7.82% | +6.49% | -0.02B |
| 2022-12-31 | $440M | 45 | +13.29% | +7.56% | +5.73% | -0.01B |
| 2022-09-30 | $401M | 46 | -4.87% | -4.93% | +0.06% | -0.01B |
| 2022-06-30 | $431M | 47 | -18.15% | -16.11% | -2.04% | -0.01B |