Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.73%
adds when stocks drop
when a holding falls −10%+
Middle response
-10.52%
baseline attrition
Rally response
-23.59%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| EXPOExponent, Inc. | $4M | 3.7% | -18.2% | 3.5 yr |
| SIGISelective Insurance Grou | $4M | 3.6% | -16.0% | 0.3 yr |
| GLDSPDR Gold Shares | $3M | 3.1% | — | 0.3 yr |
| BACBank of America Corporat | $3M | 3.0% | +19.4% | 0.5 yr |
| JNJJohnson & Johnson | $3M | 2.7% | +51.5% | 0.3 yr |
| PBR-APetróleo Brasileiro S.A | $3M | 2.7% | — | 2.3 yr |
| FCFSFirstCash Holdings, Inc | $3M | 2.5% | +58.0% | 0.3 yr |
| ABGAsbury Automotive Group, | $3M | 2.5% | -11.5% | 4.5 yr |
| CCICrown Castle Inc. | $3M | 2.5% | -18.3% | 3.3 yr |
| TTCThe Toro Company | $3M | 2.4% | +30.4% | 2.8 yr |
| SNEXStoneX Group Inc. | $2M | 2.3% | +5.6% | 1.0 yr |
| GOOGLAlphabet Inc. | $2M | 2.3% | — | 0.8 yr |
| CHEChemed Corporation | $2M | 2.1% | -38.3% | 4.5 yr |
| BMIBadger Meter, Inc. | $2M | 2.0% | -19.2% | 0.3 yr |
| FCNCAFirst Citizens BancShare | $2M | 2.0% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Auto - Dealerships5.3%-0.8pp$6M
Hardware, Equipment & Parts5.2%+3.8pp$6M
Financial - Capital Markets4.6%+2.9pp$5M
Banks - Diversified4.4%+4.1pp$5M
Consulting Services3.7%+3.2pp$4M
Insurance - Property & Casualty3.6%-0.8pp$4M
Drug Manufacturers - General3.4%$4M
Manufacturing - Tools & Accessories3.3%+0.7pp$4M
Specialty Retail3.3%-0.4pp$4M
Asset Management3.3%+1.2pp$3M
Country
US86.4%-0.4pp
CA3.3%-0.3pp
BR2.9%+0.1pp
KY1.7%+0.3pp
Unknown1.5%
LU1.4%+0.0pp
NL1.1%
CH0.8%
Top 5: 16.2% · Top 10: 28.7% · Top 25: 56.3%
Top buys this quarter · 15
| SIGI Selective Insurance Group, Incnew | +$4M |
| JNJ Johnson & Johnsonnew | +$3M |
| FCFS FirstCash Holdings, Incnew | +$3M |
| BMI Badger Meter, Inc.new | +$2M |
| SCI Service Corporation Internationew | +$2M |
| WMB The Williams Companies, Inc.new | +$2M |
| MU Micron Technology, Inc.new | +$2M |
| CI Cigna Corporationnew | +$1M |
| ARGX argenx SEnew | +$1M |
| WH Wyndham Hotels & Resorts, Inc. | +$1M |
Top sells this quarter · 15
| CAAP Corporación América Airports | −$3M |
| SCHW The Charles Schwab Corporation | −$3M |
| CHTR Charter Communications, Inc.exit | −$3M |
| TD The Toronto-Dominion Bank | −$3M |
| ATO Atmos Energy Corporationexit | −$2M |
| SSD Simpson Manufacturing Co., Inc | −$2M |
| COP ConocoPhillips | −$2M |
| RLI RLI Corp.exit | −$2M |
| NOC Northrop Grumman Corporation | −$2M |
| BAC Bank of America Corporation | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $106M | 89 | +15.57% | +17.59% | -2.02% | -0.01B |
| 2025-12-31 | $116M | 85 | +8.93% | +17.72% | -8.79% | -0.04B |
| 2025-09-30 | $149M | 78 | +4.08% | +17.52% | -13.43% | -0.03B |
| 2025-06-30 | $168M | 75 | +8.19% | +14.94% | -6.76% | +0.01B |
| 2025-03-31 | $146M | 81 | -4.25% | +8.30% | -12.55% | +0.02B |
| 2024-12-31 | $128M | 87 | +7.29% | +24.89% | -17.60% | +0.02B |
| 2024-09-30 | $108M | 80 | +22.14% | +36.04% | -13.90% | -0.01B |
| 2024-06-30 | $106M | 81 | +12.71% | +24.49% | -11.78% | +0.00B |
| 2024-03-31 | $111M | 80 | +25.62% | +29.62% | -4.00% | -0.00B |
| 2023-12-31 | $106M | 85 | +22.27% | +26.18% | -3.91% | -0.05B |
| 2023-09-30 | $144M | 77 | +20.38% | +21.57% | -1.19% | +0.01B |
| 2023-06-30 | $136M | 69 | +19.25% | +19.42% | -0.18% | -0.00B |
| 2023-03-31 | $133M | 71 | -0.90% | -7.82% | +6.92% | -0.05B |
| 2022-12-31 | $173M | 59 | +8.46% | +7.56% | +0.89% | +0.01B |
| 2022-09-30 | $147M | 62 | +0.13% | -4.93% | +5.06% | +0.01B |
| 2022-06-30 | $133M | 63 | -13.28% | -16.11% | +2.83% | -0.00B |