Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.94%
trims when stocks drop
when a holding falls −10%+
Middle response
-7.26%
baseline attrition
Rally response
-6.65%
trims into rallies
when a holding rises +10%+
Top positions · 24
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| — | $117M | 12.0% | — | 2.8 yr |
| AIRAAR Corp. | $90M | 9.2% | +95.5% | 1.0 yr |
| NETCloudflare, Inc. | $63M | 6.5% | +83.1% | 0.3 yr |
| RKTRocket Companies, Inc. | $62M | 6.3% | +18.1% | 1.0 yr |
| HUBGHub Group, Inc. | $57M | 5.8% | -1.7% | 0.5 yr |
| EXPDExpeditors International | $56M | 5.8% | +20.6% | 0.3 yr |
| ALHCAlignment Healthcare, In | $51M | 5.3% | -5.4% | 1.3 yr |
| — | $49M | 5.1% | — | 0.8 yr |
| CVCOCavco Industries, Inc. | $49M | 5.0% | -6.8% | 7.5 yr |
| GSATGlobalstar, Inc. | $47M | 4.8% | +218.4% | 1.0 yr |
| ROSTRoss Stores, Inc. | $46M | 4.7% | +71.2% | 0.5 yr |
| GBXThe Greenbrier Companies | $42M | 4.3% | +5.7% | 0.3 yr |
| VFCV.F. Corporation | $33M | 3.4% | +12.0% | 0.3 yr |
| MDLNMedline Inc. | $30M | 3.1% | — | 0.3 yr |
| CARGCarGurus, Inc. | $25M | 2.5% | +16.9% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Unknown17.1%-1.9pp$166M
Integrated Freight & Logistics11.6%$113M
Aerospace & Defense9.2%+3.5pp$90M
Software - Infrastructure8.7%+0.2pp$84M
Financial - Mortgages6.3%$62M
Apparel - Manufacturers5.8%$57M
Medical - Healthcare Plans5.3%+2.3pp$51M
Residential Construction5.0%-8.9pp$49M
Apparel - Retail5.0%+2.2pp$49M
Telecommunications Services4.8%$47M
Country
US82.9%+13.1pp
Unknown17.1%-1.9pp
Top 5: 39.8% · Top 10: 65.7% · Top 25: 100.0%
Top buys this quarter · 15
| NET Cloudflare, Inc.new | +$63M |
| EXPD Expeditors International of Wanew | +$56M |
| GBX The Greenbrier Companies, Inc.new | +$42M |
| VFC V.F. Corporationnew | +$33M |
| HUBG Hub Group, Inc. | +$31M |
| MDLN Medline Inc.new | +$30M |
| CARG CarGurus, Inc.new | +$25M |
| SMTC Semtech Corporationnew | +$24M |
| PVH PVH Corp.new | +$24M |
| AKAM Akamai Technologies, Inc.new | +$22M |
Top sells this quarter · 15
| APP AppLovin Corporationexit | −$40M |
| RDDT Reddit, Inc.exit | −$29M |
| ACMR ACM Research, Inc.exit | −$26M |
| EAT Brinker International, Inc.exit | −$25M |
| MTX Minerals Technologies Inc.exit | −$20M |
| FICO Fair Isaac Corporationexit | −$18M |
| OKTA Okta, Inc.exit | −$18M |
| GPRE Green Plains Inc. | −$15M |
| POWL Powell Industries, Inc.exit | −$13M |
| SGI Somnigroup International Inc | −$7M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $972M | 24 | +27.02% | +17.59% | +9.43% | +0.14B |
| 2025-12-31 | $875M | 28 | +20.83% | +17.72% | +3.11% | +0.05B |
| 2025-09-30 | $802M | 24 | +32.94% | +17.52% | +15.43% | -0.07B |
| 2025-06-30 | $711M | 21 | +17.79% | +14.94% | +2.85% | +0.00B |
| 2025-03-31 | $665M | 21 | -0.26% | +8.30% | -8.56% | +0.11B |
| 2024-12-31 | $619M | 22 | +15.05% | +24.89% | -9.84% | -0.21B |
| 2024-09-30 | $728M | 20 | +15.21% | +36.04% | -20.83% | -0.07B |
| 2024-06-30 | $731M | 20 | -5.80% | +24.49% | -30.29% | +0.04B |
| 2024-03-31 | $771M | 17 | +3.50% | +29.62% | -26.12% | -0.05B |
| 2023-12-31 | $796M | 17 | +13.93% | +26.18% | -12.24% | +0.04B |
| 2023-09-30 | $665M | 18 | +11.13% | +21.57% | -10.43% | +0.01B |
| 2023-06-30 | $743M | 17 | +24.29% | +19.42% | +4.87% | +0.02B |
| 2023-03-31 | $730M | 18 | +1.41% | -7.82% | +9.23% | -0.07B |
| 2022-12-31 | $704M | 18 | +10.86% | +7.56% | +3.30% | +0.07B |
| 2022-09-30 | $568M | 18 | -0.70% | -4.93% | +4.23% | -0.07B |
| 2022-06-30 | $639M | 20 | -19.34% | -16.11% | -3.23% | +0.00B |