Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+22.22%
adds when stocks drop
when a holding falls −10%+
Middle response
-8.59%
baseline attrition
Rally response
-10.13%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| PHParker-Hannifin Corporat | $128M | 5.6% | +48.6% | 3.5 yr |
| AMEAMETEK, Inc. | $115M | 5.0% | +25.3% | 0.8 yr |
| TTTrane Technologies plc | $113M | 4.9% | +24.8% | 0.5 yr |
| GEGE Aerospace | $104M | 4.5% | +42.5% | 0.8 yr |
| ASMLASML Holding N.V. | $96M | 4.2% | +100.9% | 0.3 yr |
| ADIAnalog Devices, Inc. | $92M | 4.0% | +60.2% | 0.5 yr |
| ULTAUlta Beauty, Inc. | $85M | 3.7% | +42.6% | 0.5 yr |
| GVAGranite Construction Inc | $82M | 3.6% | +59.6% | 1.0 yr |
| LRCXLam Research Corporation | $78M | 3.4% | +196.1% | 0.3 yr |
| CLColgate-Palmolive Compan | $72M | 3.2% | -6.8% | 0.3 yr |
| WTSWatts Water Technologies | $70M | 3.0% | +43.4% | 0.8 yr |
| MCDMcDonald's Corporation | $68M | 3.0% | +1.8% | 0.5 yr |
| RBCRBC Bearings Incorporate | $68M | 3.0% | +68.8% | 0.5 yr |
| CSXCSX Corporation | $68M | 3.0% | +41.6% | 2.5 yr |
| LECOLincoln Electric Holding | $67M | 2.9% | +33.0% | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors13.7%+11.5pp$314M
Industrial - Machinery12.0%-6.4pp$275M
Manufacturing - Tools & Accessories6.6%$150M
Specialty Retail6.4%-1.4pp$147M
Aerospace & Defense6.2%+3.0pp$143M
Hardware, Equipment & Parts6.2%+3.3pp$142M
Restaurants5.1%+2.8pp$118M
Electrical Equipment & Parts5.0%$115M
Construction4.9%+3.0pp$113M
Luxury Goods4.2%$96M
Country
US84.9%-0.5pp
IE7.5%
NL4.2%
GB3.5%
Top 5: 24.2% · Top 10: 42.0% · Top 25: 81.1%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| ASML ASML Holding N.V.new | +$96M |
| ULTA Ulta Beauty, Inc. | +$80M |
| LRCX Lam Research Corporationnew | +$78M |
| CL Colgate-Palmolive Companynew | +$72M |
| ADI Analog Devices, Inc. | +$71M |
| GE GE Aerospace | +$68M |
| PH Parker-Hannifin Corporation | +$65M |
| TT Trane Technologies plc | +$63M |
| GM General Motors Companynew | +$60M |
| AKAM Akamai Technologies, Inc.new | +$43M |
Top sells this quarter · 15
| MTZ MasTec, Inc.exit | −$97M |
| SITE SiteOne Landscape Supply, Inc.exit | −$85M |
| GLNG Golar LNG Limitedexit | −$71M |
| V Visa Inc.exit | −$70M |
| MMM 3M Companyexit | −$65M |
| SGI Somnigroup International Inc | −$63M |
| VRT Vertiv Holdings Coexit | −$63M |
| GLW Corning Incorporatedexit | −$61M |
| JCI Johnson Controls Internationalexit | −$59M |
| APH Amphenol Corporation | −$56M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.29B | 41 | +46.58% | +17.59% | +28.99% | +0.26B |
| 2025-12-31 | $1.90B | 36 | +36.88% | +17.72% | +19.16% | -0.18B |
| 2025-09-30 | $1.92B | 31 | +25.72% | +17.52% | +8.20% | +0.08B |
| 2025-06-30 | $1.63B | 31 | +26.44% | +14.94% | +11.50% | +0.24B |
| 2025-03-31 | $1.24B | 31 | +14.51% | +8.30% | +6.20% | -0.11B |
| 2024-12-31 | $1.35B | 28 | +27.72% | +24.89% | +2.83% | +0.10B |
| 2024-09-30 | $1.26B | 34 | +39.41% | +36.04% | +3.38% | -0.19B |
| 2024-06-30 | $1.28B | 34 | +20.50% | +24.49% | -3.99% | +0.20B |
| 2024-03-31 | $1.06B | 31 | +30.19% | +29.62% | +0.57% | -0.00B |
| 2023-12-31 | $955M | 33 | +28.45% | +26.18% | +2.28% | +0.21B |
| 2023-09-30 | $686M | 24 | +33.23% | +21.57% | +11.67% | -0.00B |
| 2023-06-30 | $703M | 34 | +34.27% | +19.42% | +14.85% | +0.12B |
| 2023-03-31 | $528M | 26 | +6.72% | -7.82% | +14.54% | -0.11B |
| 2022-12-31 | $580M | 30 | +12.88% | +7.56% | +5.32% | +0.11B |
| 2022-09-30 | $417M | 25 | -1.39% | -4.93% | +3.54% | +0.04B |
| 2022-06-30 | $381M | 27 | -12.94% | -16.11% | +3.18% | +0.13B |