Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+7.07%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.97%
baseline attrition
Rally response
-2.03%
trims into rallies
when a holding rises +10%+
Top positions · 7
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| HGVHilton Grand Vacations I | $173M | 28.8% | +4.6% | 6.8 yr |
| CVNACarvana Co. | $132M | 22.0% | +50.4% | 3.3 yr |
| SCHWThe Charles Schwab Corpo | $113M | 18.8% | +21.5% | 3.0 yr |
| DRVNDriven Brands Holdings I | $64M | 10.6% | -26.4% | 2.5 yr |
| HAEHaemonetics Corporation | $56M | 9.4% | -11.3% | 0.8 yr |
| SESea Limited | $51M | 8.4% | -36.5% | 1.5 yr |
| AGLAgilon Health, Inc. | $12M | 2.0% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Auto - Dealerships32.6%+8.3pp$196M
Gambling, Resorts & Casinos28.8%+0.5pp$173M
Financial - Capital Markets18.8%-1.6pp$113M
Medical - Instruments & Supplies9.4%$56M
Specialty Retail8.4%$51M
Medical - Care Facilities2.0%$12M
Country
US91.6%-8.4pp
SG8.4%
Top 5: 89.6% · Top 10: 100.0% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| CVNA | $85M | +0.04B | 50.4% |
| SCHW | $165M | +0.04B | 21.5% |
| HGV | $229M | +0.01B | 4.6% |
| DRVN | $112M | -0.03B | -26.4% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| DRVN | $112M | -0.03B | -26.4% |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $601M | 7 | +6.21% | +17.59% | -11.38% | -0.16B |
| 2025-12-31 | $914M | 9 | +25.57% | +17.72% | +7.86% | -0.03B |
| 2025-09-30 | $881M | 8 | +26.07% | +17.52% | +8.55% | -0.42B |
| 2025-06-30 | $1.27B | 8 | +20.42% | +14.94% | +5.48% | +0.34B |
| 2025-03-31 | $809M | 7 | -6.66% | +8.30% | -14.96% | +0.06B |
| 2024-12-31 | $755M | 7 | +2.26% | +24.89% | -22.62% | -0.01B |
| 2024-09-30 | $711M | 7 | +7.19% | +36.04% | -28.85% | -0.12B |
| 2024-06-30 | $851M | 8 | +4.44% | +24.49% | -20.05% | +0.04B |
| 2024-03-31 | $900M | 8 | +21.82% | +29.62% | -7.81% | -0.13B |
| 2023-12-31 | $952M | 9 | +39.70% | +26.18% | +13.52% | +0.03B |
| 2023-09-30 | $812M | 8 | +38.41% | +21.57% | +16.84% | -0.02B |
| 2023-06-30 | $872M | 6 | +35.57% | +19.42% | +16.15% | +0.06B |
| 2023-03-31 | $780M | 5 | -13.27% | -7.82% | -5.46% | -0.06B |
| 2022-12-31 | $678M | 4 | +12.20% | +7.56% | +4.64% | -0.05B |
| 2022-09-30 | $647M | 5 | -7.03% | -4.93% | -2.10% | -0.02B |
| 2022-06-30 | $713M | 6 | -33.01% | -16.11% | -16.90% | +0.23B |