Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+8.70%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.51%
baseline attrition
Rally response
-13.68%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| YSSYork Space Systems, Inc. | $8M | 4.0% | — | 0.3 yr |
| SAROStandardAero, Inc. | $8M | 3.5% | -3.0% | 1.5 yr |
| PKEPark Aerospace Corp. | $8M | 3.5% | +108.9% | 7.0 yr |
| SXTSensient Technologies Co | $7M | 3.4% | +18.1% | 1.0 yr |
| RRXRegal Rexnord Corporatio | $7M | 3.3% | +65.7% | 2.5 yr |
| VPGVishay Precision Group, | $7M | 3.3% | +80.2% | 1.3 yr |
| XMTRXometry, Inc. | $7M | 3.2% | +63.9% | 1.5 yr |
| RALRalliant Corp. | $6M | 3.0% | — | 0.8 yr |
| RGENRepligen Corporation | $6M | 3.0% | -7.4% | 1.0 yr |
| MLABMesa Laboratories, Inc. | $6M | 3.0% | -24.9% | 0.8 yr |
| TRNSTranscat, Inc. | $6M | 2.9% | -1.3% | 1.0 yr |
| PDFSPDF Solutions, Inc. | $6M | 2.8% | +71.2% | 2.0 yr |
| PKIPerkinElmer, Inc. | $6M | 2.6% | — | 0.5 yr |
| SRADSportradar Group AG | $6M | 2.6% | -22.6% | 1.5 yr |
| TKNOAlpha Teknova, Inc. | $5M | 2.5% | -44.3% | 2.0 yr |
Portfolio composition (YoY)
Industry mix
Software - Application14.7%+5.8pp$31M
Aerospace & Defense12.5%+1.9pp$27M
Industrial - Machinery7.6%-2.6pp$16M
Hardware, Equipment & Parts6.2%-1.1pp$13M
Semiconductors5.6%+3.1pp$12M
Medical - Instruments & Supplies5.5%+0.7pp$12M
Medical - Diagnostics & Research4.8%+1.0pp$10M
Manufacturing - Metal Fabrication4.1%+2.0pp$9M
Software - Infrastructure4.0%-0.5pp$9M
Communication Equipment4.0%$8M
Country
US91.2%+3.8pp
CH2.6%
IT2.5%
IL1.9%-2.4pp
Unknown1.7%-0.2pp
Top 5: 17.7% · Top 10: 33.1% · Top 25: 70.2%
Top buys this quarter · 15
| YSS York Space Systems, Inc.new | +$8M |
| FPS Forgent Power Solutions, Inc.new | +$5M |
| ESAB ESAB Corporationnew | +$5M |
| CWST Casella Waste Systems, Inc.new | +$5M |
| VPG Vishay Precision Group, Inc. | +$4M |
| RGEN Repligen Corporation | +$3M |
| AMBQ Ambiq Micro, Inc.new | +$3M |
| XMTR Xometry, Inc. | +$3M |
| DORM Dorman Products, Inc. | +$3M |
| STVN Stevanato Group S.p.A. | +$3M |
Top sells this quarter · 15
| MOD Modine Manufacturing Companyexit | −$10M |
| AAOI Applied Optoelectronics, Inc.exit | −$9M |
| AIR AAR Corp.exit | −$7M |
| LFUS Littelfuse, Inc.exit | −$7M |
| NXT Nextpower Inc.exit | −$7M |
| ATI ATI Inc.exit | −$5M |
| XPEL XPEL, Inc.exit | −$5M |
| FUL H.B. Fuller Companyexit | −$5M |
| JBI Janus International Group, Incexit | −$5M |
| KRMN Karman Holdings Inc.exit | −$5M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $214M | 43 | +22.99% | +17.59% | +5.40% | -0.02B |
| 2025-12-31 | $235M | 46 | +16.54% | +17.72% | -1.18% | +0.01B |
| 2025-09-30 | $215M | 47 | +20.63% | +17.52% | +3.12% | -0.01B |
| 2025-06-30 | $205M | 50 | +17.13% | +14.94% | +2.19% | -0.01B |
| 2025-03-31 | $192M | 50 | +4.19% | +8.30% | -4.11% | -0.00B |
| 2024-12-31 | $206M | 46 | +15.28% | +24.89% | -9.61% | +0.02B |
| 2024-09-30 | $174M | 45 | +15.42% | +36.04% | -20.61% | +0.02B |
| 2024-06-30 | $149M | 43 | +4.55% | +24.49% | -19.94% | -0.00B |
| 2024-03-31 | $154M | 46 | +10.97% | +29.62% | -18.65% | +0.01B |
| 2023-12-31 | $140M | 43 | +22.44% | +26.18% | -3.73% | +0.00B |
| 2023-09-30 | $126M | 39 | +20.46% | +21.57% | -1.11% | +0.00B |
| 2023-06-30 | $129M | 37 | +25.70% | +19.42% | +6.27% | -0.00B |
| 2023-03-31 | $126M | 41 | +3.79% | -7.82% | +11.61% | -0.01B |
| 2022-12-31 | $121M | 44 | +5.79% | +7.56% | -1.77% | +0.01B |
| 2022-09-30 | $109M | 40 | -0.87% | -4.93% | +4.06% | -0.00B |
| 2022-06-30 | $112M | 36 | -14.24% | -16.11% | +1.87% | -0.00B |