Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-6.12%
trims when stocks drop
when a holding falls −10%+
Middle response
-4.89%
baseline attrition
Rally response
-5.83%
trims into rallies
when a holding rises +10%+
Top positions · 18
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NXTNextpower Inc. | $36M | 15.4% | +186.1% | 0.8 yr |
| NSCNorfolk Southern Corpora | $23M | 9.8% | +23.6% | 0.5 yr |
| WBDWarner Bros. Discovery, | $21M | 8.9% | +155.9% | 1.0 yr |
| — | $19M | 8.1% | — | 1.0 yr |
| RKTRocket Companies, Inc. | $17M | 7.3% | +18.1% | 0.5 yr |
| — | $16M | 6.7% | — | 0.5 yr |
| SOLSSolstice Advanced Materi | $14M | 6.2% | — | 0.5 yr |
| GNRCGenerac Holdings Inc. | $13M | 5.6% | +54.2% | 0.3 yr |
| PCGPG&E Corporation | $11M | 4.7% | +2.9% | 1.8 yr |
| PINSPinterest, Inc. | $11M | 4.6% | -40.8% | 1.0 yr |
| YETIYETI Holdings, Inc. | $10M | 4.2% | +10.5% | 0.8 yr |
| — | $9M | 3.9% | — | 0.5 yr |
| UNHUnitedHealth Group Incor | $9M | 3.8% | -46.9% | 0.5 yr |
| CRNCCerence Inc. | $8M | 3.5% | -20.1% | 0.8 yr |
| DRVNDriven Brands Holdings I | $6M | 2.7% | -26.4% | 2.0 yr |
Portfolio composition (YoY)
Industry mix
Unknown18.7%+14.2pp$44M
Consumer Electronics15.4%$36M
Railroads9.8%$23M
Entertainment8.9%$21M
Financial - Mortgages7.3%$17M
Chemicals - Specialty6.2%$14M
Industrial - Machinery5.6%$13M
Regulated Electric4.7%$11M
Internet Content & Information4.6%$11M
Leisure4.2%$10M
Country
US81.3%+4.6pp
Unknown18.7%+14.2pp
Top 5: 49.4% · Top 10: 77.1% · Top 25: 100.0%
Top buys this quarter · 8
| GNRC Generac Holdings Inc.new | +$13M |
| WBD Warner Bros. Discovery, Inc. | +$4M |
| CRNC Cerence Inc. | +$4M |
| PRMB Primo Brands Corporationnew | +$3M |
| UNH UnitedHealth Group Incorporate | +$2M |
| PINS Pinterest, Inc. | +$11M |
| — | +$0M |
| — | +$0M |
Top sells this quarter · 12
| COF Capital One Financial Corporat | −$18M |
| CPRT Copart, Inc.exit | −$17M |
| DRVN Driven Brands Holdings Inc. | −$14M |
| SOLS Solstice Advanced Materials In | −$10M |
| PCG PG&E Corporation | −$10M |
| BILL Bill.com Holdings, Inc.exit | −$7M |
| PFGC Performance Food Group Companyexit | −$5M |
| RKT Rocket Companies, Inc. | −$2M |
| RXST RxSight, Inc.exit | −$2M |
| YETI YETI Holdings, Inc. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $235M | 18 | +25.44% | +17.59% | +7.85% | -0.01B |
| 2025-12-31 | $263M | 17 | +32.05% | +17.72% | +14.33% | -0.02B |
| 2025-09-30 | $268M | 17 | +25.46% | +17.52% | +7.95% | -0.03B |
| 2025-06-30 | $271M | 17 | -20.76% | +14.94% | -35.71% | +0.06B |
| 2025-03-31 | $180M | 13 | -36.59% | +8.30% | -44.89% | -0.04B |
| 2024-12-31 | $221M | 17 | -37.76% | +24.89% | -62.65% | -0.03B |
| 2024-09-30 | $254M | 17 | -30.29% | +36.04% | -66.33% | +0.09B |
| 2024-06-30 | $241M | 18 | +1.00% | +24.49% | -23.49% | -0.00B |
| 2024-03-31 | $266M | 23 | +9.19% | +29.62% | -20.43% | +0.02B |
| 2023-12-31 | $248M | 20 | +12.72% | +26.18% | -13.45% | -0.03B |
| 2023-09-30 | $247M | 22 | -0.62% | +21.57% | -22.19% | +0.02B |
| 2023-06-30 | $230M | 23 | -15.29% | +19.42% | -34.71% | -0.02B |
| 2023-03-31 | $253M | 25 | -30.87% | -7.82% | -23.05% | +0.05B |
| 2022-12-31 | $197M | 18 | -0.97% | +7.56% | -8.54% | -0.16B |
| 2022-09-30 | $359M | 38 | -15.04% | -4.93% | -10.11% | +0.13B |
| 2022-06-30 | $268M | 26 | -18.61% | -16.11% | -2.50% | +0.07B |