Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.65%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.00%
baseline attrition
Rally response
+3.80%
adds into rallies
when a holding rises +10%+
Top positions · 4
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| LAURLaureate Education, Inc. | $198M | 88.5% | +70.4% | 7.0 yr |
| HTZHertz Global Holdings, I | $15M | 6.6% | +17.0% | 4.5 yr |
| CTEVClaritev Corporation | $8M | 3.6% | -20.8% | 1.8 yr |
| MQMarqeta, Inc. | $3M | 1.3% | -1.0% | 4.3 yr |
Portfolio composition (YoY)
Industry mix
Education & Training Services88.5%+6.6pp$198M
Rental & Leasing Services6.6%-2.3pp$15M
Medical - Healthcare Information Services3.6%-3.6pp$8M
Software - Infrastructure1.3%-0.8pp$3M
Country
US100.0%+0.0pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 0
No buys this quarter
Top sells this quarter · 0
No sells this quarter
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $224M | 4 | +57.60% | +17.59% | +40.00% | -0.00B |
| 2025-12-31 | $233M | 4 | +81.69% | +17.72% | +63.97% | +0.00B |
| 2025-09-30 | $231M | 4 | +96.05% | +17.52% | +78.53% | +0.00B |
| 2025-06-30 | $182M | 4 | +66.14% | +14.94% | +51.20% | -0.00B |
| 2025-03-31 | $142M | 4 | +9.51% | +8.30% | +1.20% | +0.05B |
| 2024-12-31 | $81M | 4 | +7.23% | +24.89% | -17.65% | +0.00B |
| 2024-09-30 | $71M | 4 | -14.53% | +36.04% | -50.56% | -0.02B |
| 2024-06-30 | $87M | 5 | -38.47% | +24.49% | -62.96% | -0.03B |
| 2024-03-31 | $134M | 5 | -32.27% | +29.62% | -61.89% | -0.02B |
| 2023-12-31 | $138M | 5 | -43.83% | +26.18% | -70.01% | +0.00B |
| 2023-09-30 | $156M | 6 | -9.00% | +21.57% | -30.57% | +0.04B |
| 2023-06-30 | $148M | 6 | +0.88% | +19.42% | -18.55% | +0.04B |
| 2023-03-31 | $122M | 6 | -34.36% | -7.82% | -26.54% | +0.01B |
| 2022-12-31 | $120M | 6 | +40.12% | +7.56% | +32.56% | -0.11B |
| 2022-09-30 | $164M | 6 | -13.79% | -4.93% | -8.86% | -0.03B |
| 2022-06-30 | $224M | 6 | -39.73% | -16.11% | -23.62% | +0.08B |