Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+4.94%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.69%
baseline attrition
Rally response
+1.96%
adds into rallies
when a holding rises +10%+
Top positions · 24
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| FBNDFidelity Total Bond ETF | $23M | 11.0% | — | 1.8 yr |
| QXOQXO, Inc. | $22M | 10.6% | +43.4% | 1.3 yr |
| GLDSPDR Gold Shares | $19M | 9.0% | — | 5.5 yr |
| ROADConstruction Partners, I | $16M | 7.5% | +54.6% | 4.3 yr |
| — | $16M | 7.5% | — | 1.5 yr |
| REGNRegeneron Pharmaceutical | $13M | 6.3% | +22.5% | 4.8 yr |
| HEI-AHEICO Corporation | $11M | 5.4% | — | 5.5 yr |
| GHMGraham Corporation | $10M | 4.6% | +173.8% | 0.3 yr |
| SCIService Corporation Inte | $9M | 4.5% | +4.6% | 5.5 yr |
| CDRECadre Holdings, Inc. | $8M | 4.0% | +4.7% | 3.8 yr |
| SPXCSPX Technologies, Inc. | $8M | 3.8% | +55.3% | 0.5 yr |
| DHRDanaher Corporation | $8M | 3.7% | -7.1% | 5.5 yr |
| CWSTCasella Waste Systems, I | $7M | 3.4% | -28.8% | 3.5 yr |
| FSVFirstService Corporation | $7M | 3.3% | -15.9% | 5.5 yr |
| DSGRDistribution Solutions G | $7M | 3.2% | -6.3% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Industrial - Distribution13.8%+6.5pp$29M
Asset Management11.8%-1.2pp$25M
Asset Management - Bonds11.0%+10.1pp$23M
Aerospace & Defense9.5%-5.6pp$20M
Industrial - Machinery8.5%$18M
Engineering & Construction7.5%-6.0pp$16M
Unknown7.5%+3.8pp$16M
Biotechnology6.3%+2.5pp$13M
Personal Products & Services4.5%-0.9pp$9M
Medical - Diagnostics & Research3.7%+0.1pp$8M
Country
US89.3%+3.4pp
Unknown7.5%+3.8pp
CA3.3%-7.1pp
Top 5: 45.6% · Top 10: 70.4% · Top 25: 100.0%
Top buys this quarter · 15
| GHM Graham Corporationnew | +$9M |
| GPGI GPGI, Inc. | +$6M |
| DSGR Distribution Solutions Group, | +$1M |
| ROP Roper Technologies, Inc. | +$6M |
| QXO QXO, Inc. | +$0M |
| SPXC SPX Technologies, Inc. | +$0M |
| CWST Casella Waste Systems, Inc. | +$7M |
| FSV FirstService Corporation | +$7M |
| DHR Danaher Corporation | +$8M |
| FLL Full House Resorts, Inc. | +$4M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $208M | 24 | +8.57% | +17.59% | -9.02% | -0.00B |
| 2025-12-31 | $225M | 22 | +7.49% | +17.72% | -10.23% | +0.00B |
| 2025-09-30 | $220M | 20 | +5.57% | +17.52% | -11.95% | +0.02B |
| 2025-06-30 | $197M | 18 | +7.64% | +14.94% | -7.30% | +0.01B |
| 2025-03-31 | $164M | 19 | -5.89% | +8.30% | -14.19% | +0.01B |
| 2024-12-31 | $168M | 18 | +10.34% | +24.89% | -14.54% | +0.01B |
| 2024-09-30 | $158M | 18 | +24.62% | +36.04% | -11.42% | -0.01B |
| 2024-06-30 | $165M | 20 | +18.62% | +24.49% | -5.88% | -0.00B |
| 2024-03-31 | $172M | 19 | +24.61% | +29.62% | -5.02% | +0.02B |
| 2023-12-31 | $142M | 18 | +18.72% | +26.18% | -7.46% | -0.00B |
| 2023-09-30 | $130M | 19 | +7.59% | +21.57% | -13.97% | +0.01B |
| 2023-06-30 | $125M | 20 | +7.66% | +19.42% | -11.76% | +0.01B |
| 2023-03-31 | $110M | 21 | -6.61% | -7.82% | +1.21% | +0.01B |
| 2022-12-31 | $95M | 19 | +1.25% | +7.56% | -6.31% | +0.01B |
| 2022-09-30 | $84M | 16 | -0.56% | -4.93% | +4.37% | +0.01B |
| 2022-06-30 | $76M | 15 | -10.99% | -16.11% | +5.12% | -0.06B |