Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.99%
adds when stocks drop
when a holding falls −10%+
Middle response
+6.91%
steady accumulation
Rally response
-4.85%
trims into rallies
when a holding rises +10%+
Top positions · 13
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| TBBKThe Bancorp, Inc. | $59M | 20.6% | +1.7% | 3.0 yr |
| ENSGThe Ensign Group, Inc. | $45M | 15.9% | +55.9% | 5.5 yr |
| TKRThe Timken Company | $38M | 13.2% | +42.3% | 0.3 yr |
| WMSAdvanced Drainage System | $36M | 12.7% | +26.9% | 1.5 yr |
| TGLSTecnoglass Inc. | $36M | 12.6% | -37.3% | 5.5 yr |
| SXTSensient Technologies Co | $26M | 9.1% | +18.1% | 0.5 yr |
| CRVLCorVel Corporation | $19M | 6.7% | -51.2% | 0.3 yr |
| ECVTEcovyst Inc. | $18M | 6.2% | +107.4% | 1.3 yr |
| IIINInsteel Industries, Inc. | $5M | 1.7% | +32.4% | 1.0 yr |
| ARXAccelerant Holdings | $3M | 1.0% | — | 0.3 yr |
| IBKRInteractive Brokers Grou | $1M | 0.3% | +62.8% | 5.5 yr |
| GSHDGoosehead Insurance, Inc | $0M | 0.0% | -63.9% | 5.5 yr |
| BEATHeartBeam, Inc. | $0M | 0.0% | -39.3% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Banks - Regional20.6%+5.4pp$59M
Medical - Care Facilities15.9%+2.6pp$45M
Chemicals - Specialty15.3%+14.9pp$44M
Manufacturing - Tools & Accessories13.2%$38M
Construction12.7%+2.9pp$36M
Construction Materials12.6%+2.0pp$36M
Insurance - Brokers7.6%$22M
Manufacturing - Metal Fabrication1.7%+1.3pp$5M
Investment - Banking & Investment Services0.3%+0.1pp$1M
Insurance - Diversified0.0%-13.8pp$0M
Country
US86.4%-3.0pp
CO12.6%+2.0pp
KY1.0%
Top 5: 75.0% · Top 10: 99.7% · Top 25: 100.0%
Top buys this quarter · 9
| TKR The Timken Companynew | +$38M |
| CRVL CorVel Corporationnew | +$19M |
| WMS Advanced Drainage Systems, Inc | +$12M |
| SXT Sensient Technologies Corporat | +$8M |
| TBBK The Bancorp, Inc. | +$59M |
| IIIN Insteel Industries, Inc. | +$5M |
| ARX Accelerant Holdingsnew | +$3M |
| GSHD Goosehead Insurance, Inc | +$0M |
| BEAT HeartBeam, Inc.new | +$0M |
Top sells this quarter · 9
| CHYM Chime Financial, Inc. Class A exit | −$35M |
| EPAM EPAM Systems, Inc.exit | −$31M |
| NCNO nCino, Inc.exit | −$24M |
| ENSG The Ensign Group, Inc. | −$15M |
| ECVT Ecovyst Inc. | −$6M |
| TGLS Tecnoglass Inc. | −$2M |
| PAL Proficient Auto Logistics, Incexit | −$1M |
| IBKR Interactive Brokers Group, Inc | −$1M |
| FND Floor & Decor Holdings, Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $286M | 13 | -2.63% | +17.59% | -20.22% | -0.05B |
| 2025-12-31 | $361M | 13 | -5.13% | +17.72% | -22.85% | +0.00B |
| 2025-09-30 | $360M | 13 | +8.55% | +17.52% | -8.96% | -0.07B |
| 2025-06-30 | $422M | 18 | +22.95% | +14.94% | +8.01% | -0.01B |
| 2025-03-31 | $414M | 15 | -0.67% | +8.30% | -8.97% | +0.01B |
| 2024-12-31 | $451M | 16 | +2.35% | +24.89% | -22.54% | +0.01B |
| 2024-09-30 | $392M | 16 | +14.58% | +36.04% | -21.46% | -0.01B |
| 2024-06-30 | $350M | 17 | -5.23% | +24.49% | -29.72% | +0.03B |
| 2024-03-31 | $378M | 15 | +26.50% | +29.62% | -3.13% | +0.02B |
| 2023-12-31 | $383M | 14 | +43.19% | +26.18% | +17.01% | -0.01B |
| 2023-09-30 | $309M | 13 | +1.45% | +21.57% | -20.12% | -0.00B |
| 2023-06-30 | $326M | 15 | +16.32% | +19.42% | -3.10% | +0.01B |
| 2023-03-31 | $278M | 14 | -21.51% | -7.82% | -13.70% | +0.03B |
| 2022-12-31 | $240M | 12 | -9.98% | +7.56% | -17.54% | +0.02B |
| 2022-09-30 | $249M | 16 | +9.29% | -4.93% | +14.22% | +0.03B |
| 2022-06-30 | $199M | 14 | -24.12% | -16.11% | -8.01% | +0.03B |