Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+10.12%
adds when stocks drop
when a holding falls −10%+
Middle response
+22.52%
steady accumulation
Rally response
-22.46%
trims into rallies
when a holding rises +10%+
Top positions · 23
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| TIPTTiptree Inc. | $31M | 27.9% | — | 0.5 yr |
| RPAYRepay Holdings Corporati | $19M | 16.7% | — | 0.5 yr |
| SSTISoundThinking, Inc. | $14M | 12.4% | — | 0.5 yr |
| EWCZEuropean Wax Center, Inc | $8M | 7.2% | — | 0.5 yr |
| DVDoubleVerify Holdings, I | $8M | 7.0% | — | 0.5 yr |
| DOMODomo, Inc. | $6M | 5.4% | — | 0.5 yr |
| TPBTurning Point Brands, In | $5M | 4.9% | — | 0.5 yr |
| BABAAlibaba Group Holding Li | $4M | 3.4% | — | 0.5 yr |
| SNFCASecurity National Financ | $3M | 3.0% | — | 0.5 yr |
| IDTIDT Corporation | $3M | 2.6% | — | 0.5 yr |
| CNTYCentury Casinos, Inc. | $2M | 2.0% | — | 0.5 yr |
| LPROOpen Lending Corporation | $2M | 1.7% | — | 0.5 yr |
| AAPAdvance Auto Parts, Inc. | $2M | 1.6% | — | 0.3 yr |
| QRHCQuest Resource Holding C | $1M | 1.3% | — | 0.5 yr |
| FOXFFox Factory Holding Corp | $1M | 1.0% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Insurance - Specialty27.9%$31M
Software - Application25.5%$29M
Software - Infrastructure16.7%$19M
Household & Personal Products7.2%$8M
Specialty Retail5.0%$6M
Tobacco4.9%$5M
Financial - Mortgages3.0%$3M
Telecommunications Services2.6%$3M
Gambling, Resorts & Casinos2.0%$2M
Financial - Credit Services1.7%$2M
Country
US96.5%
CN3.4%
Unknown0.1%
Top 5: 71.1% · Top 10: 90.4% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| — new | +$0M |
| SSTI SoundThinking, Inc. | +$10M |
| DV DoubleVerify Holdings, Inc. | +$8M |
| TIPT Tiptree Inc. | +$7M |
| RPAY Repay Holdings Corporation | +$19M |
| AAP Advance Auto Parts, Inc.new | +$2M |
| DOMO Domo, Inc. | +$6M |
| IDT IDT Corporation | +$1M |
| FOXF Fox Factory Holding Corp. | +$1M |
| DSGR Distribution Solutions Group, new | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $112M | 23 | -13.22% | -4.37% | -8.85% | -0.01B |
| 2025-12-31 | $145M | 22 | — | — | — | — |