Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.96%
adds when stocks drop
when a holding falls −10%+
Middle response
-6.09%
baseline attrition
Rally response
-25.29%
trims into rallies
when a holding rises +10%+
Top positions · 29
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| INTWorld Fuel Services Corp | $22M | 12.4% | — | 2.3 yr |
| CPSCooper-Standard Holdings | $12M | 6.9% | +81.9% | 3.3 yr |
| FNDFloor & Decor Holdings, | $12M | 6.7% | -36.9% | 0.5 yr |
| MECMayville Engineering Com | $11M | 6.3% | +33.7% | 0.5 yr |
| GEFGreif, Inc. | $11M | 6.1% | +26.2% | 0.5 yr |
| NPKNational Presto Industri | $9M | 5.1% | +57.1% | 0.8 yr |
| TITNTitan Machinery Inc. | $7M | 4.0% | -1.9% | 1.3 yr |
| WTTRSelect Water Solutions, | $7M | 3.9% | +50.0% | 3.3 yr |
| DRVNDriven Brands Holdings I | $7M | 3.9% | -26.4% | 0.3 yr |
| DANDana Incorporated | $7M | 3.8% | +157.7% | 1.3 yr |
| OMCLOmnicell, Inc. | $6M | 3.3% | -4.5% | 0.3 yr |
| CSGPCoStar Group, Inc. | $5M | 3.0% | -49.1% | 0.3 yr |
| ENOVEnovis Corporation | $5M | 2.9% | -40.5% | 0.5 yr |
| TTGTTechTarget, Inc. | $5M | 2.8% | -73.8% | 0.8 yr |
| WYWeyerhaeuser Company | $5M | 2.8% | -13.6% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Auto - Parts12.9%+9.1pp$23M
Oil & Gas Refining & Marketing12.4%+3.3pp$22M
Home Improvement8.6%$15M
Packaging & Containers8.6%$15M
Aerospace & Defense7.5%+7.3pp$13M
Manufacturing - Metal Fabrication6.3%$11M
Auto - Dealerships6.0%+2.8pp$11M
Industrial - Distribution4.0%+2.7pp$7M
Regulated Water3.9%-0.4pp$7M
Medical - Healthcare Information Services3.3%+0.7pp$6M
Country
US98.0%-0.9pp
Unknown2.0%+0.9pp
Top 5: 38.4% · Top 10: 59.1% · Top 25: 95.4%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| DAN | $8M | +0.01B | 157.7% |
| WTTR | $10M | +0.00B | 50.0% |
| SCHL | $2M | +0.00B | 113.4% |
| GTES | $7M | +0.00B | 22.8% |
| TITN | $3M | -0.00B | -1.9% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| TITN | $3M | -0.00B | -1.9% |
Top buys this quarter · 15
| FND Floor & Decor Holdings, Inc. | +$7M |
| DRVN Driven Brands Holdings Inc.new | +$7M |
| OMCL Omnicell, Inc.new | +$6M |
| CSGP CoStar Group, Inc.new | +$5M |
| WY Weyerhaeuser Companynew | +$5M |
| SARO StandardAero, Inc.new | +$4M |
| HTLD Heartland Express, Inc.new | +$3M |
| ENOV Enovis Corporation | +$3M |
| SRI Stoneridge, Inc. | +$3M |
| ARHS Arhaus, Inc. | +$2M |
Top sells this quarter · 15
| DAN Dana Incorporated | −$18M |
| SON Sonoco Products Company | −$8M |
| NGVT Ingevity Corporationexit | −$7M |
| DG Dollar General Corporationexit | −$6M |
| CE Celanese Corporation | −$6M |
| AI C3.ai, Inc.exit | −$5M |
| CCO Clear Channel Outdoor Holdings | −$4M |
| SCHL Scholastic Corporation | −$4M |
| TWI Titan International, Inc.exit | −$4M |
| RCAT Red Cat Holdings, Inc.exit | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $176M | 29 | +31.75% | +17.59% | +14.16% | -0.02B |
| 2025-12-31 | $185M | 33 | +9.55% | +17.72% | -8.17% | +0.01B |
| 2025-09-30 | $167M | 26 | +3.46% | +17.52% | -14.06% | -0.03B |
| 2025-06-30 | $191M | 27 | -3.66% | +14.94% | -18.60% | -0.06B |
| 2025-03-31 | $221M | 30 | -19.89% | +8.30% | -28.19% | -0.03B |
| 2024-12-31 | $296M | 37 | -3.45% | +24.89% | -28.34% | -0.11B |
| 2024-09-30 | $395M | 33 | +4.05% | +36.04% | -31.99% | +0.07B |
| 2024-06-30 | $335M | 31 | +5.91% | +24.49% | -18.58% | -0.09B |
| 2024-03-31 | $446M | 31 | +12.38% | +29.62% | -17.24% | -0.01B |
| 2023-12-31 | $445M | 32 | +24.81% | +26.18% | -1.37% | +0.03B |
| 2023-09-30 | $378M | 39 | +27.12% | +21.57% | +5.55% | +0.01B |
| 2023-06-30 | $374M | 30 | +13.56% | +19.42% | -5.86% | -0.03B |
| 2023-03-31 | $400M | 34 | -2.50% | -7.82% | +5.32% | +0.03B |
| 2022-12-31 | $320M | 33 | +11.34% | +7.56% | +3.78% | -0.05B |
| 2022-09-30 | $337M | 31 | -12.67% | -4.93% | -7.74% | +0.04B |
| 2022-06-30 | $339M | 36 | -12.72% | -16.11% | +3.39% | +0.10B |