Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-7.61%
trims when stocks drop
when a holding falls −10%+
Middle response
-11.45%
baseline attrition
Rally response
-23.78%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| ADPAutomatic Data Processin | $1M | 0.8% | -31.8% | 2.8 yr |
| MPCMarathon Petroleum Corpo | $1M | 0.8% | +71.2% | 2.8 yr |
| COPConocoPhillips | $1M | 0.7% | +30.0% | 3.3 yr |
| BHPBHP Group Limited | $1M | 0.7% | +56.1% | 1.0 yr |
| CVXChevron Corporation | $1M | 0.7% | +29.2% | 2.5 yr |
| WCNWaste Connections, Inc. | $1M | 0.7% | -16.2% | 2.3 yr |
| COSTCostco Wholesale Corpora | $1M | 0.7% | +5.9% | 2.0 yr |
| STAGSTAG Industrial, Inc. | $1M | 0.7% | +3.0% | 2.0 yr |
| SYKStryker Corporation | $1M | 0.7% | -11.1% | 2.0 yr |
| CVECenovus Energy Inc. | $1M | 0.7% | +97.2% | 2.0 yr |
| ARCCAres Capital Corporation | $1M | 0.6% | -10.7% | 1.8 yr |
| RHPRyman Hospitality Proper | $1M | 0.6% | +4.7% | 2.5 yr |
| NTRNutrien Ltd. | $1M | 0.6% | +56.2% | 2.0 yr |
| PNCThe PNC Financial Servic | $1M | 0.6% | +22.7% | 1.5 yr |
| PGThe Procter & Gamble Com | $1M | 0.6% | -12.9% | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Banks - Regional7.9%+2.6pp$12M
Regulated Electric3.6%+1.3pp$5M
Industrial - Machinery3.2%+0.6pp$5M
Asset Management3.1%-0.9pp$5M
Oil & Gas Exploration & Production3.0%+1.5pp$4M
Oil & Gas Integrated2.6%+2.2pp$4M
Semiconductors2.5%+0.7pp$4M
REIT - Retail2.4%-0.2pp$4M
REIT - Residential2.3%-0.0pp$3M
Banks - Diversified2.2%-0.3pp$3M
Country
US84.8%-0.9pp
CA6.4%+1.3pp
GB1.8%-1.0pp
IE1.3%-0.4pp
Unknown1.2%-0.2pp
BM0.9%+0.1pp
AU0.7%
NL0.6%+0.5pp
Top 5: 3.8% · Top 10: 7.1% · Top 25: 15.7%
Top buys this quarter · 15
| BFST Business First Bancshares, Incnew | +$1M |
| DHR Danaher Corporation | +$1M |
| HOMB Home Bancshares, Inc. | +$1M |
| INDB Independent Bank Corp.new | +$0M |
| STAG STAG Industrial, Inc. | +$0M |
| HIG The Hartford Financial Service | +$0M |
| ADP Automatic Data Processing, Inc | +$0M |
| INGR Ingredion Incorporated | +$0M |
| REPX Riley Exploration Permian, Incnew | +$0M |
| BUD Anheuser-Busch InBev SA/NV | +$0M |
Top sells this quarter · 15
| PLTR Palantir Technologies Inc. | −$0M |
| KIM Kimco Realty Corporationexit | −$2M |
| MGY Magnolia Oil & Gas Corporationexit | −$1M |
| RSG Republic Services, Inc.exit | −$1M |
| AEM Agnico Eagle Mines Limitedexit | −$1M |
| EOG EOG Resources, Inc.exit | −$1M |
| ESS Essex Property Trust, Inc.exit | −$1M |
| HLT Hilton Worldwide Holdings Inc. | −$1M |
| CMI Cummins Inc.exit | −$1M |
| VMC Vulcan Materials Company | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $148M | 366 | +27.05% | +17.59% | +9.46% | -0.03B |
| 2025-12-31 | $169M | 385 | +27.79% | +17.72% | +10.07% | -0.01B |
| 2025-09-30 | $171M | 404 | +18.29% | +17.52% | +0.77% | -0.02B |
| 2025-06-30 | $181M | 442 | +21.17% | +14.94% | +6.23% | -0.00B |
| 2025-03-31 | $174M | 402 | +17.61% | +8.30% | +9.31% | +0.17B |
| 2024-12-31 | $4M | 17 | +20.07% | +24.89% | -4.82% | -0.17B |
| 2024-09-30 | $179M | 413 | +36.47% | +36.04% | +0.43% | -0.00B |
| 2024-06-30 | $165M | 407 | +24.16% | +24.49% | -0.33% | -0.01B |
| 2024-03-31 | $174M | 414 | +27.02% | +29.62% | -2.60% | -0.02B |
| 2023-12-31 | $180M | 437 | +22.47% | +26.18% | -3.71% | -0.00B |
| 2023-09-30 | $164M | 407 | +16.94% | +21.57% | -4.63% | +0.02B |
| 2023-06-30 | $147M | 376 | +9.87% | +19.42% | -9.55% | -0.02B |
| 2023-03-31 | $156M | 386 | -8.26% | -7.82% | -0.45% | +0.00B |
| 2022-12-31 | $147M | 364 | +6.56% | +7.56% | -1.00% | -0.02B |
| 2022-09-30 | $154M | 389 | -6.35% | -4.93% | -1.42% | +0.02B |
| 2022-06-30 | $145M | 369 | -12.66% | -16.11% | +3.45% | +0.04B |