Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-6.40%
trims when stocks drop
when a holding falls −10%+
Middle response
-9.40%
baseline attrition
Rally response
-10.93%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| PACKRanpak Holdings Corp. | $17M | 7.2% | -34.1% | 6.5 yr |
| FIXComfort Systems USA, Inc | $16M | 7.1% | +329.0% | 0.8 yr |
| GEVGE Vernova Inc. | $16M | 7.0% | +186.8% | 1.0 yr |
| PUMPProPetro Holding Corp. | $16M | 6.8% | +96.1% | 0.5 yr |
| CATCaterpillar Inc. | $12M | 5.1% | +117.8% | 0.5 yr |
| WULFTeraWulf Inc. | $10M | 4.5% | +428.6% | 1.0 yr |
| AMTAmerican Tower Corporati | $9M | 4.0% | -17.9% | 0.5 yr |
| AMZNAmazon.com, Inc. | $7M | 3.1% | +9.5% | 3.8 yr |
| ALCAlcon Inc. | $7M | 3.1% | -20.3% | 3.3 yr |
| VVisa Inc. | $7M | 2.8% | -13.1% | 2.5 yr |
| DHRDanaher Corporation | $6M | 2.7% | -7.1% | 2.3 yr |
| MSIMotorola Solutions, Inc. | $6M | 2.7% | +0.2% | 2.5 yr |
| — | $5M | 2.4% | — | 1.8 yr |
| BEBloom Energy Corporation | $5M | 2.2% | +589.2% | 0.8 yr |
| EIKNEikon Therapeutics, Inc. | $5M | 2.2% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Engineering & Construction9.4%$22M
Semiconductors8.8%-4.7pp$20M
Packaging & Containers7.2%+0.8pp$17M
Renewable Utilities7.0%$16M
Oil & Gas Equipment & Services6.8%$16M
Agricultural - Machinery5.1%$12M
Specialty Retail4.8%-6.6pp$11M
Financial - Capital Markets4.5%$10M
Unknown4.4%-4.3pp$10M
REIT - Specialty4.0%$9M
Country
US89.7%+20.2pp
Unknown4.4%-4.3pp
CH3.1%+1.4pp
NL2.0%+1.0pp
TW0.8%-6.6pp
Top 5: 33.2% · Top 10: 50.7% · Top 25: 82.7%
Top buys this quarter · 15
| FIX Comfort Systems USA, Inc. | +$8M |
| PUMP ProPetro Holding Corp. | +$6M |
| CAT Caterpillar Inc. | +$6M |
| EIKN Eikon Therapeutics, Inc. Commonew | +$5M |
| TXN Texas Instruments Incorporatednew | +$5M |
| MSI Motorola Solutions, Inc. | +$3M |
| ADI Analog Devices, Inc. | +$2M |
| ALC Alcon Inc. | +$1M |
| SKYW SkyWest, Inc.new | +$1M |
| DHR Danaher Corporation | +$1M |
Top sells this quarter · 15
| TSM Taiwan Semiconductor Manufactu | −$26M |
| AVGO Broadcom Inc. | −$23M |
| GEV GE Vernova Inc. | −$11M |
| GM General Motors Companyexit | −$10M |
| ON ON Semiconductor Corporationexit | −$6M |
| TM Toyota Motor Corporationexit | −$5M |
| CHDN Churchill Downs Incorporatedexit | −$5M |
| AMT American Tower Corporation | −$4M |
| BSX Boston Scientific Corporationexit | −$3M |
| ICE Intercontinental Exchange, Inc | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $230M | 47 | +52.72% | +17.59% | +35.13% | -0.16B |
| 2025-12-31 | $381M | 57 | +36.88% | +17.72% | +19.16% | -0.06B |
| 2025-09-30 | $405M | 60 | +33.34% | +17.52% | +15.82% | -0.01B |
| 2025-06-30 | $328M | 50 | +16.22% | +14.94% | +1.27% | -0.10B |
| 2025-03-31 | $391M | 50 | +5.40% | +8.30% | -2.90% | -0.20B |
| 2024-12-31 | $639M | 64 | +32.38% | +24.89% | +7.49% | +0.20B |
| 2024-09-30 | $415M | 52 | +43.43% | +36.04% | +7.40% | +0.21B |
| 2024-06-30 | $183M | 42 | +36.10% | +24.49% | +11.61% | -0.18B |
| 2024-03-31 | $364M | 36 | +48.94% | +29.62% | +19.32% | +0.21B |
| 2023-12-31 | $135M | 28 | +30.83% | +26.18% | +4.66% | -0.09B |
| 2023-09-30 | $199M | 31 | +45.64% | +21.57% | +24.08% | +0.06B |
| 2023-06-30 | $129M | 26 | +17.49% | +19.42% | -1.93% | -0.02B |
| 2023-03-31 | $137M | 25 | -20.53% | -7.82% | -12.71% | +0.06B |
| 2022-12-31 | $78M | 22 | -23.45% | -18.17% | -5.27% | -0.03B |
| 2022-09-30 | $89M | 26 | -33.21% | -15.51% | -17.71% | -0.06B |
| 2022-06-30 | $175M | 32 | -20.31% | -10.62% | -9.69% | -0.13B |