Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.71%
trims when stocks drop
when a holding falls −10%+
Middle response
-10.21%
baseline attrition
Rally response
-17.67%
trims into rallies
when a holding rises +10%+
Top positions · 22
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| KGSKodiak Gas Services, Inc | $7M | 7.5% | +64.4% | 0.3 yr |
| CTRICenturi Holdings, Inc. | $7M | 6.9% | +78.2% | 0.5 yr |
| LINLinde plc | $7M | 6.8% | +7.9% | 1.0 yr |
| GVAGranite Construction Inc | $7M | 6.5% | +59.6% | 0.5 yr |
| TDYTeledyne Technologies In | $6M | 6.4% | +21.6% | 1.3 yr |
| WMBThe Williams Companies, | $5M | 5.2% | +25.8% | 0.3 yr |
| MODModine Manufacturing Com | $5M | 5.1% | +182.4% | 0.8 yr |
| ADIAnalog Devices, Inc. | $5M | 5.1% | +60.2% | 1.0 yr |
| AMATApplied Materials, Inc. | $4M | 4.4% | +137.6% | 0.5 yr |
| MRCYMercury Systems, Inc. | $4M | 4.4% | +69.2% | 0.8 yr |
| SEISolaris Energy Infrastru | $4M | 4.4% | +163.1% | 0.5 yr |
| ESIElement Solutions Inc | $4M | 4.4% | +52.8% | 2.0 yr |
| — | $4M | 4.3% | — | 0.8 yr |
| ATIATI Inc. | $4M | 4.1% | +179.6% | 1.0 yr |
| PWRQuanta Services, Inc. | $4M | 3.9% | +116.2% | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors15.4%+11.6pp$15M
Oil & Gas Equipment & Services11.9%$12M
Chemicals - Specialty11.2%+5.7pp$11M
Engineering & Construction10.5%+2.6pp$10M
Aerospace & Defense9.5%-3.2pp$9M
Hardware, Equipment & Parts9.1%+1.2pp$9M
Oil & Gas Midstream8.2%-10.1pp$8M
Regulated Gas6.9%$7M
Auto - Parts5.1%$5M
Unknown4.3%$4M
Country
US85.2%-8.4pp
GB6.8%
Unknown4.3%
TW3.6%
Top 5: 34.1% · Top 10: 58.5% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| PWR | $8M | +0.01B | 116.2% |
| CW | $8M | +0.01B | 115.0% |
| TLN | $5M | +0.00B | 59.9% |
| TDY | $8M | +0.00B | 21.6% |
| LNG | $7M | +0.00B | 23.8% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 6
| KGS Kodiak Gas Services, Inc.new | +$7M |
| WMB The Williams Companies, Inc.new | +$5M |
| CTRI Centuri Holdings, Inc. | +$3M |
| MTSI MACOM Technology Solutions Holnew | +$2M |
| GVA Granite Construction Incorpora | +$1M |
| — | +$0M |
Top sells this quarter · 15
| MKSI MKS Inc.exit | −$8M |
| UNP Union Pacific Corporationexit | −$6M |
| ATRO Astronics Corporationexit | −$6M |
| ATI ATI Inc. | −$5M |
| BDC Belden Inc.exit | −$4M |
| DHR Danaher Corporationexit | −$4M |
| CHRW C.H. Robinson Worldwide, Inc.exit | −$4M |
| GLW Corning Incorporated | −$3M |
| SHC Sotera Health Companyexit | −$3M |
| ESI Element Solutions Inc | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $99M | 22 | +73.99% | +17.59% | +56.40% | -0.03B |
| 2025-12-31 | $110M | 26 | +39.07% | +17.72% | +21.35% | -0.01B |
| 2025-09-30 | $112M | 26 | +39.70% | +17.52% | +22.18% | -0.01B |
| 2025-06-30 | $104M | 22 | +24.59% | +14.94% | +9.65% | -0.02B |
| 2025-03-31 | $104M | 18 | +6.49% | +8.30% | -1.82% | -0.04B |
| 2024-12-31 | $159M | 29 | +34.16% | +24.89% | +9.27% | -0.00B |
| 2024-09-30 | $155M | 25 | +7.39% | +5.75% | +1.63% | +0.01B |
| 2024-06-30 | $135M | 21 | +1.61% | +4.38% | -2.77% | -0.00B |
| 2024-03-31 | $136M | 20 | +17.39% | +10.39% | +7.00% | -0.00B |
| 2023-12-31 | $118M | 21 | — | — | — | — |