Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+43.90%
adds when stocks drop
when a holding falls −10%+
Middle response
-8.63%
baseline attrition
Rally response
-18.53%
trims into rallies
when a holding rises +10%+
Top positions · 4
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| PBIPitney Bowes Inc. | $90M | 93.6% | +26.1% | 1.5 yr |
| KSSKohl's Corporation | $4M | 4.0% | +63.5% | 1.5 yr |
| FLOFlowers Foods, Inc. | $2M | 2.3% | -53.5% | 1.0 yr |
| QVCGAQVC Group Inc. | $0M | 0.1% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Integrated Freight & Logistics93.6%-4.4pp$90M
Department Stores4.0%+2.4pp$4M
Packaged Foods2.3%$2M
Specialty Retail0.1%-0.3pp$0M
Country
US100.0%+0.0pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 3
| KSS Kohl's Corporation | +$2M |
| FLO Flowers Foods, Inc. | +$1M |
| QVCGA QVC Group Inc.new | +$0M |
Top sells this quarter · 1
| PBI Pitney Bowes Inc. | −$89M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $96M | 4 | +26.03% | +17.59% | +8.44% | -0.00B |
| 2025-12-31 | $94M | 3 | +51.05% | +17.72% | +33.33% | -0.03B |
| 2025-09-30 | $136M | 3 | +6.43% | +8.12% | -1.69% | -0.01B |
| 2025-06-30 | $134M | 3 | +21.11% | +10.78% | +10.34% | -0.02B |
| 2025-03-31 | $127M | 3 | +24.11% | -4.27% | +28.38% | -0.02B |
| 2024-12-31 | $118M | 3 | — | — | — | — |