Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-8.80%
trims when stocks drop
when a holding falls −10%+
Middle response
-4.36%
baseline attrition
Rally response
-12.46%
trims into rallies
when a holding rises +10%+
Top positions · 17
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| COMPCompass, Inc. | $87M | 11.2% | -16.3% | 0.3 yr |
| HGVHilton Grand Vacations I | $85M | 10.9% | +4.6% | 6.0 yr |
| SNSharkNinja, Inc. | $84M | 10.8% | +27.0% | 2.8 yr |
| AKAMAkamai Technologies, Inc | $55M | 7.1% | +42.7% | 0.3 yr |
| AXTAAxalta Coating Systems L | $52M | 6.7% | -16.5% | 1.5 yr |
| CZRCaesars Entertainment, I | $51M | 6.6% | +5.7% | 0.3 yr |
| ATMUAtmus Filtration Technol | $45M | 5.8% | +55.3% | 2.3 yr |
| GXOGXO Logistics, Inc. | $44M | 5.7% | +32.7% | 1.0 yr |
| IESCIES Holdings, Inc. | $43M | 5.5% | +188.6% | 0.8 yr |
| VIAVViavi Solutions Inc. | $43M | 5.5% | +197.4% | 0.5 yr |
| MMM3M Company | $39M | 5.0% | +0.7% | 2.0 yr |
| AVPTAvePoint, Inc. | $36M | 4.7% | -34.1% | 1.5 yr |
| GMEDGlobus Medical, Inc. | $33M | 4.3% | +17.7% | 2.0 yr |
| ACIAlbertsons Companies, In | $29M | 3.8% | -20.1% | 2.3 yr |
| JMIAJumia Technologies AG | $24M | 3.1% | +220.9% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Gambling, Resorts & Casinos17.5%+7.0pp$136M
Software - Infrastructure14.1%-2.2pp$109M
Software - Application11.2%$87M
Furnishings, Fixtures & Appliances10.8%+1.7pp$84M
Chemicals - Specialty6.7%$52M
Industrial - Pollution & Treatment Controls5.8%-0.6pp$45M
Integrated Freight & Logistics5.7%$44M
Engineering & Construction5.5%$43M
Communication Equipment5.5%$43M
Conglomerates5.0%-4.9pp$39M
Country
US96.9%+4.1pp
DE3.1%
Top 5: 46.7% · Top 10: 75.9% · Top 25: 100.0%
Top buys this quarter · 6
| COMP Compass, Inc.new | +$87M |
| AKAM Akamai Technologies, Inc.new | +$55M |
| CZR Caesars Entertainment, Inc.new | +$51M |
| JMIA Jumia Technologies AGnew | +$24M |
| TDC Teradata Corporationnew | +$18M |
| AVPT AvePoint, Inc. | +$36M |
Top sells this quarter · 14
| TEVA Teva Pharmaceutical Industriesexit | −$85M |
| GMED Globus Medical, Inc. | −$72M |
| VIAV Viavi Solutions Inc. | −$70M |
| SN SharkNinja, Inc. | −$43M |
| UNH UnitedHealth Group Incorporateexit | −$41M |
| GXO GXO Logistics, Inc. | −$31M |
| ATMU Atmus Filtration Technologies | −$25M |
| MMM 3M Company | −$22M |
| CORZ Core Scientific, Inc.exit | −$18M |
| ACI Albertsons Companies, Inc. | −$13M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $775M | 17 | +17.08% | +17.59% | -0.51% | -0.20B |
| 2025-12-31 | $993M | 15 | +12.99% | +17.72% | -4.73% | -0.16B |
| 2025-09-30 | $1.07B | 16 | +9.07% | +17.52% | -8.44% | +0.03B |
| 2025-06-30 | $1.05B | 13 | +22.48% | +14.94% | +7.54% | -0.01B |
| 2025-03-31 | $956M | 15 | +10.29% | +8.30% | +1.99% | -0.18B |
| 2024-12-31 | $1.20B | 16 | +30.35% | +24.89% | +5.46% | -0.14B |
| 2024-09-30 | $1.29B | 14 | +36.19% | +36.04% | +0.16% | -0.24B |
| 2024-06-30 | $1.37B | 18 | +17.91% | +24.49% | -6.59% | -0.08B |
| 2024-03-31 | $1.45B | 19 | +19.30% | +29.62% | -10.33% | -0.19B |
| 2023-12-31 | $1.46B | 19 | +8.43% | +26.18% | -17.75% | +0.18B |
| 2023-09-30 | $1.18B | 16 | +18.90% | +21.57% | -2.67% | -0.10B |
| 2023-06-30 | $1.32B | 16 | +26.26% | +19.42% | +6.84% | +0.04B |
| 2023-03-31 | $1.26B | 18 | -11.24% | -7.82% | -3.43% | +0.03B |
| 2022-12-31 | $1.21B | 18 | +19.08% | +7.56% | +11.51% | +0.08B |
| 2022-09-30 | $949M | 17 | +2.51% | -4.93% | +7.44% | +0.22B |
| 2022-06-30 | $716M | 14 | -28.77% | -16.11% | -12.66% | -0.14B |