Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.77%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.82%
baseline attrition
Rally response
-8.37%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| FTITechnipFMC plc | $3M | 0.9% | +119.3% | 1.5 yr |
| AGXArgan, Inc. | $3M | 0.9% | +318.5% | 2.0 yr |
| JBLJabil Inc. | $3M | 0.8% | +95.5% | 3.5 yr |
| CRUSCirrus Logic, Inc. | $3M | 0.8% | +45.1% | 2.0 yr |
| CRCCalifornia Resources Cor | $3M | 0.7% | +62.5% | 1.0 yr |
| AMKRAmkor Technology, Inc. | $3M | 0.7% | +152.4% | 1.5 yr |
| PTENPatterson-UTI Energy, In | $2M | 0.7% | +39.4% | 0.3 yr |
| DHTDHT Holdings, Inc. | $2M | 0.7% | +87.2% | 0.8 yr |
| HIIHuntington Ingalls Indus | $2M | 0.7% | +89.7% | 0.8 yr |
| MDPediatrix Medical Group, | $2M | 0.7% | +47.6% | 1.0 yr |
| MYRGMYR Group Inc. | $2M | 0.7% | +149.6% | 1.8 yr |
| MTZMasTec, Inc. | $2M | 0.7% | +175.7% | 1.3 yr |
| NOGNorthern Oil and Gas, In | $2M | 0.7% | +1.9% | 0.8 yr |
| VIRTVirtu Financial, Inc. | $2M | 0.7% | +18.2% | 1.8 yr |
| NXTNextpower Inc. | $2M | 0.7% | +186.1% | 1.8 yr |
Portfolio composition (YoY)
Industry mix
Banks - Regional5.3%-2.7pp$18M
Hardware, Equipment & Parts4.7%+2.0pp$16M
Engineering & Construction4.6%+2.3pp$16M
Semiconductors4.5%+1.8pp$15M
Biotechnology4.2%-0.8pp$14M
Software - Application3.1%+0.1pp$11M
Medical - Care Facilities3.0%+1.0pp$10M
Software - Infrastructure3.0%-0.9pp$10M
Drug Manufacturers - Specialty & Generic2.6%+0.4pp$9M
Specialty Retail2.5%+1.8pp$8M
Country
US90.5%-7.5pp
BM1.8%
IE1.6%+1.4pp
KY1.5%+1.1pp
Unknown1.3%+0.8pp
GB1.1%+0.3pp
SG0.7%
CN0.6%
Top 5: 4.2% · Top 10: 7.7% · Top 25: 17.2%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| AGX | $1M | +0.00B | 318.5% |
| VIAV | $1M | +0.00B | 197.4% |
| NXT | $2M | +0.00B | 186.1% |
| PAHC | $1M | +0.00B | 162.4% |
| PRIM | $1M | +0.00B | 149.7% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| QNST | $1M | -0.00B | -32.7% |
Top buys this quarter · 15
| PTEN Patterson-UTI Energy, Inc.new | +$2M |
| ESI Element Solutions Incnew | +$2M |
| INDV Indivior Pharmaceuticals Incnew | +$2M |
| ROKU Roku, Inc.new | +$2M |
| GCT GigaCloud Technology Inc.new | +$2M |
| TBPH Theravance Biopharma, Inc.new | +$2M |
| GMED Globus Medical, Inc.new | +$2M |
| CMP Compass Minerals Internationalnew | +$2M |
| CSTM Constellium SEnew | +$2M |
| CRI Carter's, Inc. | +$2M |
Top sells this quarter · 15
| APA APA Corporationexit | −$4M |
| PARR Par Pacific Holdings, Inc.exit | −$3M |
| DAN Dana Incorporated | −$3M |
| KALU Kaiser Aluminum Corporationexit | −$3M |
| ESE ESCO Technologies Inc. | −$3M |
| GLDD Great Lakes Dredge & Dock Corpexit | −$2M |
| ENS EnerSysexit | −$2M |
| DGII Digi International Inc.exit | −$2M |
| MTRN Materion Corporationexit | −$2M |
| VTRS Viatris Inc.exit | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $340M | 293 | +30.82% | +17.59% | +13.22% | -0.02B |
| 2025-12-31 | $338M | 291 | +22.18% | +17.72% | +4.46% | -0.02B |
| 2025-09-30 | $346M | 276 | +21.75% | +17.52% | +4.23% | -0.05B |
| 2025-06-30 | $371M | 308 | +26.26% | +14.94% | +11.31% | +0.03B |
| 2025-03-31 | $315M | 286 | +20.21% | +8.30% | +11.91% | -0.02B |
| 2024-12-31 | $332M | 294 | +33.39% | +24.89% | +8.50% | -0.02B |
| 2024-09-30 | $338M | 293 | +43.33% | +36.04% | +7.30% | +0.03B |
| 2024-06-30 | $274M | 299 | +26.76% | +24.49% | +2.27% | -0.02B |
| 2024-03-31 | $280M | 293 | +27.34% | +29.62% | -2.28% | -0.01B |
| 2023-12-31 | $260M | 294 | +21.86% | +26.18% | -4.32% | -0.00B |
| 2023-09-30 | $237M | 295 | +18.51% | +21.57% | -3.06% | -0.01B |
| 2023-06-30 | $250M | 304 | +18.40% | +19.42% | -1.02% | +0.00B |
| 2023-03-31 | $238M | 297 | +0.79% | -7.82% | +8.60% | +0.00B |
| 2022-12-31 | $225M | 292 | +8.76% | +7.56% | +1.20% | -0.01B |
| 2022-09-30 | $214M | 293 | -1.42% | -4.93% | +3.51% | -0.03B |
| 2022-06-30 | $247M | 298 | -11.00% | -16.11% | +5.11% | +0.00B |