Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-8.70%
trims when stocks drop
when a holding falls −10%+
Middle response
+8.10%
steady accumulation
Rally response
-12.96%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| UBERUber Technologies, Inc. | $21M | 6.9% | -1.3% | 2.3 yr |
| ROKURoku, Inc. | $19M | 6.3% | +34.3% | 2.3 yr |
| MORNMorningstar, Inc. | $15M | 4.9% | -43.2% | 0.5 yr |
| WTWisdomTree, Inc. | $15M | 4.9% | +64.7% | 2.3 yr |
| BAHBooz Allen Hamilton Hold | $15M | 4.8% | -23.5% | 1.3 yr |
| XPELXPEL, Inc. | $15M | 4.8% | +50.6% | 2.5 yr |
| CROXCrocs, Inc. | $15M | 4.8% | -21.8% | 2.5 yr |
| CUBICustomers Bancorp, Inc. | $14M | 4.6% | +38.3% | 1.8 yr |
| TOSTToast, Inc. | $14M | 4.5% | -20.1% | 1.5 yr |
| LNGCheniere Energy, Inc. | $13M | 4.3% | +23.8% | 2.0 yr |
| SASeabridge Gold Inc. | $12M | 4.0% | +142.8% | 2.5 yr |
| NXSTNexstar Media Group, Inc | $11M | 3.7% | +4.7% | 2.5 yr |
| NTBThe Bank of N.T. Butterf | $11M | 3.6% | +40.7% | 0.5 yr |
| GRBKGreen Brick Partners, In | $10M | 3.3% | +10.5% | 0.8 yr |
| KSPIJoint Stock Company Kasp | $10M | 3.3% | -20.2% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Entertainment9.9%+0.6pp$30M
Banks - Regional9.2%+4.0pp$28M
Software - Infrastructure7.8%+0.3pp$24M
Software - Application6.9%-0.8pp$21M
Financial - Data & Stock Exchanges4.9%$15M
Asset Management4.9%-1.7pp$15M
Consulting Services4.8%-0.4pp$15M
Auto - Parts4.8%+0.3pp$15M
Apparel - Footwear & Accessories4.8%-0.8pp$15M
Gold4.7%-2.0pp$14M
Country
US89.2%+4.6pp
CA4.0%+0.3pp
BM3.6%
KZ3.3%-0.4pp
Top 5: 27.8% · Top 10: 50.7% · Top 25: 95.1%
Top buys this quarter · 15
| ROKU Roku, Inc. | +$13M |
| MORN Morningstar, Inc. | +$12M |
| CROX Crocs, Inc. | +$8M |
| TOST Toast, Inc. | +$7M |
| HLI Houlihan Lokey, Inc. | +$7M |
| KNSL Kinsale Capital Group, Inc. | +$6M |
| UBER Uber Technologies, Inc. | +$5M |
| GRBK Green Brick Partners, Inc. | +$4M |
| CDW CDW Corporation | +$4M |
| VCEL Vericel Corporation | +$4M |
Top sells this quarter · 15
| TPL Texas Pacific Land Corporationexit | −$20M |
| YELP Yelp Inc.exit | −$13M |
| LNG Cheniere Energy, Inc. | −$11M |
| OPCH Option Care Health, Inc.exit | −$10M |
| NATH Nathan's Famous, Inc.exit | −$6M |
| NXST Nexstar Media Group, Inc. | −$5M |
| SAM The Boston Beer Company, Inc. | −$5M |
| RGLD Royal Gold, Inc. | −$4M |
| PM Philip Morris International In | −$4M |
| WT WisdomTree, Inc. | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $307M | 31 | +17.07% | +17.59% | -0.52% | -0.01B |
| 2025-12-31 | $312M | 34 | +15.42% | +17.72% | -2.30% | +0.12B |
| 2025-09-30 | $185M | 26 | +11.07% | +17.52% | -6.45% | +0.00B |
| 2025-06-30 | $170M | 25 | +13.03% | +14.94% | -1.91% | +0.01B |
| 2025-03-31 | $152M | 26 | +4.45% | +8.30% | -3.85% | +0.00B |
| 2024-12-31 | $149M | 33 | +9.44% | +24.89% | -15.45% | +0.02B |
| 2024-09-30 | $136M | 31 | +7.98% | +5.75% | +2.22% | -0.00B |
| 2024-06-30 | $126M | 30 | -0.02% | +4.38% | -4.40% | -0.00B |
| 2024-03-31 | $128M | 36 | +3.78% | +10.39% | -6.61% | +0.00B |
| 2023-12-31 | $119M | 38 | — | — | — | — |