Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+4.18%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.24%
baseline attrition
Rally response
-0.73%
trims into rallies
when a holding rises +10%+
Top positions · 22
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| UBERUber Technologies, Inc. | $27M | 9.3% | -1.3% | 3.5 yr |
| NUNu Holdings Ltd. | $24M | 8.3% | +40.3% | 2.5 yr |
| CCLCarnival Corporation & p | $22M | 7.7% | +33.1% | 1.8 yr |
| SNSharkNinja, Inc. | $22M | 7.6% | +27.0% | 1.0 yr |
| COMPCompass, Inc. | $21M | 7.0% | -16.3% | 1.8 yr |
| OSWOneSpaWorld Holdings Lim | $20M | 7.0% | +37.9% | 2.3 yr |
| CPTCamden Property Trust | $18M | 6.0% | -17.8% | 0.5 yr |
| GTLSChart Industries, Inc. | $17M | 5.9% | +43.2% | 1.8 yr |
| AESIAtlas Energy Solutions I | $16M | 5.4% | -23.5% | 0.5 yr |
| SHOOSteven Madden, Ltd. | $15M | 5.1% | +30.7% | 1.3 yr |
| MBCMasterBrand, Inc. | $14M | 4.7% | -36.4% | 2.0 yr |
| PRPermian Resources Corpor | $13M | 4.4% | +60.4% | 0.5 yr |
| PYPLPayPal Holdings, Inc. | $12M | 4.1% | -30.3% | 2.8 yr |
| GENIGenius Sports Limited | $11M | 3.9% | -55.7% | 1.5 yr |
| SRADSportradar Group AG | $11M | 3.7% | -22.6% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Software - Application20.1%+0.5pp$59M
Leisure14.7%+2.5pp$43M
Furnishings, Fixtures & Appliances12.2%+8.8pp$36M
Banks - Diversified8.3%+2.4pp$24M
REIT - Residential6.0%$18M
Industrial - Machinery5.9%+1.2pp$17M
Oil & Gas Equipment & Services5.4%$16M
Apparel - Footwear & Accessories5.1%+3.5pp$15M
Oil & Gas Exploration & Production4.4%$13M
Financial - Credit Services4.1%-4.2pp$12M
Country
US73.7%-1.8pp
BR8.3%+2.4pp
BS7.0%+1.8pp
GB3.9%+0.3pp
CH3.7%-0.1pp
DE3.5%
Top 5: 39.9% · Top 10: 69.2% · Top 25: 100.0%
Top buys this quarter · 11
| TOST Toast, Inc.new | +$10M |
| GENI Genius Sports Limited | +$8M |
| COMP Compass, Inc. | +$21M |
| SRAD Sportradar Group AG | +$5M |
| MBC MasterBrand, Inc. | +$14M |
| SN SharkNinja, Inc. | +$2M |
| PR Permian Resources Corporation | +$1M |
| UBER Uber Technologies, Inc. | +$27M |
| NU Nu Holdings Ltd. | +$24M |
| OSW OneSpaWorld Holdings Limited | +$0M |
Top sells this quarter · 15
| MAA Mid-America Apartment Communitexit | −$18M |
| DECK Deckers Outdoor Corporationexit | −$17M |
| ECG Everus Construction Group, Incexit | −$13M |
| SPG Simon Property Group, Inc.exit | −$11M |
| SHOO Steven Madden, Ltd. | −$9M |
| SONY Sony Group Corporationexit | −$8M |
| WD Walker & Dunlop, Inc.exit | −$5M |
| FNF Fidelity National Financial, Iexit | −$5M |
| PYPL PayPal Holdings, Inc. | −$4M |
| GTLS Chart Industries, Inc. | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $293M | 22 | +10.64% | +17.59% | -6.95% | -0.05B |
| 2025-12-31 | $379M | 29 | +13.06% | +17.72% | -4.66% | +0.05B |
| 2025-09-30 | $329M | 25 | +16.95% | +17.52% | -0.56% | -0.01B |
| 2025-06-30 | $307M | 24 | +20.16% | +14.94% | +5.21% | -0.02B |
| 2025-03-31 | $289M | 22 | -1.68% | +8.30% | -9.98% | -0.01B |
| 2024-12-31 | $323M | 30 | +18.91% | +24.89% | -5.97% | +0.03B |
| 2024-09-30 | $285M | 33 | +40.83% | +36.04% | +4.79% | +0.04B |
| 2024-06-30 | $219M | 28 | +21.98% | +24.49% | -2.51% | -0.02B |
| 2024-03-31 | $260M | 30 | +51.04% | +29.62% | +21.41% | +0.01B |
| 2023-12-31 | $223M | 24 | +38.99% | +26.18% | +12.81% | +0.00B |
| 2023-09-30 | $180M | 19 | +24.74% | +21.57% | +3.18% | -0.01B |
| 2023-06-30 | $193M | 24 | +21.51% | +19.42% | +2.08% | +0.00B |
| 2023-03-31 | $170M | 21 | -13.93% | -7.82% | -6.11% | +0.02B |
| 2022-12-31 | $148M | 21 | +9.07% | +7.56% | +1.51% | -0.01B |
| 2022-09-30 | $148M | 18 | -4.33% | -4.93% | +0.60% | -0.00B |
| 2022-06-30 | $156M | 19 | -19.73% | -16.11% | -3.61% | +0.01B |