Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.06%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.25%
baseline attrition
Rally response
-5.16%
trims into rallies
when a holding rises +10%+
Top positions · 8
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| UIUbiquiti Inc. | $113M | 25.0% | +156.2% | 5.5 yr |
| SKYWSkyWest, Inc. | $83M | 18.3% | +5.1% | 2.3 yr |
| GRMNGarmin Ltd. | $64M | 14.2% | +8.6% | 2.8 yr |
| EXPDExpeditors International | $57M | 12.7% | +20.6% | 0.3 yr |
| SGISomnigroup International | $44M | 9.8% | +24.4% | 3.8 yr |
| AMKRAmkor Technology, Inc. | $41M | 9.0% | +152.4% | 5.3 yr |
| PLTRPalantir Technologies In | $25M | 5.5% | +73.3% | 1.0 yr |
| PSNParsons Corporation | $25M | 5.5% | -8.5% | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Communication Equipment25.0%-3.1pp$113M
Airlines, Airports & Air Services18.3%-4.9pp$83M
Hardware, Equipment & Parts14.2%+5.3pp$64M
Integrated Freight & Logistics12.7%$57M
Household & Personal Products9.8%-0.5pp$44M
Semiconductors9.0%-6.0pp$41M
Software - Infrastructure5.5%$25M
Industrial - Machinery5.5%-3.8pp$25M
Country
US85.8%-5.3pp
CH14.2%+5.3pp
Top 5: 80.0% · Top 10: 100.0% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| UI | $90M | +0.14B | 156.2% |
| AMKR | $48M | +0.07B | 152.4% |
| SGI | $33M | +0.01B | 24.4% |
| SKYW | $74M | +0.00B | 5.1% |
| GRMN | $28M | +0.00B | 8.6% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| PSN | $30M | -0.00B | -8.5% |
Top buys this quarter · 5
| EXPD Expeditors International of Wanew | +$57M |
| GRMN Garmin Ltd. | +$3M |
| UI Ubiquiti Inc. | +$2M |
| SGI Somnigroup International Inc | +$44M |
| PLTR Palantir Technologies Inc. | +$25M |
Top sells this quarter · 1
| AMKR Amkor Technology, Inc. | −$23M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $451M | 8 | +63.30% | +17.59% | +45.71% | +0.05B |
| 2025-12-31 | $376M | 7 | +36.13% | +17.72% | +18.41% | -0.07B |
| 2025-09-30 | $467M | 8 | +60.55% | +17.52% | +43.04% | -0.08B |
| 2025-06-30 | $418M | 8 | +37.36% | +14.94% | +22.41% | +0.02B |
| 2025-03-31 | $320M | 8 | +13.88% | +8.30% | +5.57% | -0.06B |
| 2024-12-31 | $426M | 14 | +35.41% | +24.89% | +10.53% | -0.00B |
| 2024-09-30 | $378M | 14 | +40.42% | +36.04% | +4.38% | +0.03B |
| 2024-06-30 | $314M | 14 | +8.64% | +24.49% | -15.86% | -0.00B |
| 2024-03-31 | $311M | 12 | +8.71% | +29.62% | -20.91% | +0.01B |
| 2023-12-31 | $290M | 11 | +15.65% | +26.18% | -10.53% | +0.03B |
| 2023-09-30 | $225M | 11 | +4.38% | +21.57% | -17.19% | -0.01B |
| 2023-06-30 | $270M | 10 | +32.48% | +19.42% | +13.05% | +0.02B |
| 2023-03-31 | $248M | 12 | -15.54% | -7.82% | -7.73% | +0.01B |
| 2022-12-31 | $211M | 8 | +6.38% | +7.56% | -1.18% | -0.00B |
| 2022-09-30 | $199M | 8 | +9.25% | -4.93% | +14.18% | +0.01B |
| 2022-06-30 | $177M | 7 | -34.68% | -16.11% | -18.57% | -0.01B |