Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.03%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.58%
baseline attrition
Rally response
-7.21%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CMPCompass Minerals Interna | $40M | 22.6% | +151.3% | 1.3 yr |
| IVViShares Core S&P 500 ETF | $11M | 6.3% | — | 1.5 yr |
| IQLTiShares MSCI Intl Qualit | $9M | 5.2% | — | 1.5 yr |
| GLDSPDR Gold Shares | $7M | 4.0% | — | 2.8 yr |
| RYRoyal Bank of Canada | $6M | 3.2% | +48.2% | 1.5 yr |
| SRIStoneridge, Inc. | $5M | 3.1% | +5.2% | 4.5 yr |
| EFX.TOEnerflex Ltd. | $5M | 2.9% | +164.3% | 1.3 yr |
| DRVNDriven Brands Holdings I | $5M | 2.9% | -26.4% | 1.8 yr |
| TDThe Toronto-Dominion Ban | $5M | 2.8% | +60.9% | 1.5 yr |
| JBTMJBT Marel Corporation | $5M | 2.6% | +4.9% | 2.3 yr |
| GSHDGoosehead Insurance, Inc | $4M | 2.4% | -63.9% | 2.8 yr |
| EFAiShares MSCI EAFE ETF | $4M | 2.1% | — | 0.3 yr |
| FTSFortis Inc. | $4M | 2.0% | +26.8% | 1.5 yr |
| BMOBank of Montreal | $4M | 2.0% | +47.5% | 1.5 yr |
| JCOMZiff Davis, Inc. | $3M | 1.8% | — | 4.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management24.4%+5.7pp$44M
Industrial Materials22.7%+19.3pp$41M
Banks - Diversified9.4%-1.4pp$17M
Software - Infrastructure3.8%-0.8pp$7M
Industrial - Machinery3.6%+0.4pp$6M
Insurance - Diversified3.3%-3.0pp$6M
Oil & Gas Equipment & Services3.2%+2.0pp$6M
Auto - Parts3.1%-2.2pp$5M
Auto - Dealerships2.9%-0.4pp$5M
Oil & Gas Midstream2.3%-0.6pp$4M
Country
US70.9%-0.7pp
CA26.9%+0.8pp
Unknown1.5%+0.3pp
BM0.6%+0.2pp
AU0.1%
Top 5: 41.2% · Top 10: 55.4% · Top 25: 79.7%
Top buys this quarter · 15
| CMP Compass Minerals International | +$8M |
| SPY State Street SPDR S&P 500 ETF | +$2M |
| BL BlackLine, Inc. | +$2M |
| RY Royal Bank of Canada | +$1M |
| SANG Sangoma Technologies Corporati | +$1M |
| FSV FirstService Corporation | +$1M |
| GSHD Goosehead Insurance, Inc | +$4M |
| VAL Valaris Limitednew | +$1M |
| EVGO EVgo, Inc. | +$1M |
| DCBO Docebo Inc.new | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $179M | 76 | +24.18% | +17.59% | +6.59% | +0.00B |
| 2025-12-31 | $177M | 81 | +17.60% | +17.72% | -0.11% | +0.00B |
| 2025-09-30 | $175M | 83 | +14.37% | +17.52% | -3.14% | +0.01B |
| 2025-06-30 | $162M | 83 | +14.58% | +14.94% | -0.36% | -0.04B |
| 2025-03-31 | $164M | 82 | -18.07% | +8.30% | -26.37% | +0.02B |
| 2024-12-31 | $150M | 73 | -16.56% | +24.89% | -41.44% | +0.08B |
| 2024-09-30 | $69M | 14 | -15.02% | +36.04% | -51.06% | +0.01B |
| 2024-06-30 | $54M | 14 | -23.20% | +24.49% | -47.69% | -0.02B |
| 2024-03-31 | $90M | 15 | -4.36% | +29.62% | -33.98% | +0.03B |
| 2023-12-31 | $61M | 16 | -6.35% | +26.18% | -32.53% | +0.01B |
| 2023-09-30 | $53M | 12 | +11.31% | +21.57% | -10.25% | -0.01B |
| 2023-06-30 | $65M | 13 | +10.95% | +19.42% | -8.47% | -0.01B |
| 2023-03-31 | $66M | 14 | -15.03% | -7.82% | -7.21% | -0.01B |
| 2022-12-31 | $83M | 12 | +16.36% | +7.56% | +8.80% | -0.01B |
| 2022-09-30 | $76M | 17 | -8.27% | -4.93% | -3.35% | -0.06B |
| 2022-06-30 | $148M | 19 | -16.76% | -16.11% | -0.65% | +0.01B |