Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-13.55%
trims when stocks drop
when a holding falls −10%+
Middle response
-19.89%
baseline attrition
Rally response
-32.56%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BPOPPopular, Inc. | $12M | 1.0% | +48.9% | 4.0 yr |
| AXSAXIS Capital Holdings Li | $11M | 1.0% | +2.5% | 3.3 yr |
| CDECoeur Mining, Inc. | $11M | 1.0% | +217.1% | 3.5 yr |
| ROKURoku, Inc. | $10M | 0.9% | +34.3% | 2.0 yr |
| UNPUnion Pacific Corporatio | $9M | 0.8% | +5.1% | 3.8 yr |
| TOSTToast, Inc. | $9M | 0.8% | -20.1% | 3.0 yr |
| TPGTPG Inc. | $9M | 0.8% | -11.3% | 1.5 yr |
| SSNCSS&C Technologies Holdin | $8M | 0.7% | -18.0% | 2.5 yr |
| HUBSHubSpot, Inc. | $8M | 0.7% | -57.3% | 2.5 yr |
| ZMZoom Communications, Inc | $8M | 0.7% | +9.0% | 1.8 yr |
| MUMicron Technology, Inc. | $7M | 0.7% | +289.6% | 1.8 yr |
| SOFISoFi Technologies, Inc. | $7M | 0.6% | +36.5% | 1.5 yr |
| AGNCZAGNC Investment Corp. 8. | $7M | 0.6% | — | 2.8 yr |
| GOOGAlphabet Inc. | $7M | 0.6% | +84.3% | 2.0 yr |
| BFAMBright Horizons Family S | $7M | 0.6% | -35.4% | 3.3 yr |
Portfolio composition (YoY)
Industry mix
Banks - Regional7.0%+1.3pp$79M
Software - Application4.0%+1.2pp$45M
Software - Infrastructure3.4%+0.4pp$39M
Insurance - Property & Casualty3.2%+1.4pp$36M
Asset Management3.0%+0.6pp$34M
Semiconductors2.8%+0.2pp$32M
Aerospace & Defense2.6%+0.5pp$30M
Biotechnology2.5%-0.2pp$29M
Regulated Electric2.4%+0.3pp$28M
Financial - Capital Markets2.2%+1.1pp$25M
Country
US92.2%+1.6pp
BM2.2%+0.6pp
Unknown2.0%-0.3pp
GB1.1%-0.5pp
IE0.7%-1.2pp
CH0.7%+0.6pp
BR0.3%+0.1pp
LU0.2%+0.1pp
Top 5: 4.7% · Top 10: 8.3% · Top 25: 17.3%
Top buys this quarter · 15
| CDE Coeur Mining, Inc. | +$10M |
| TPG TPG Inc. | +$8M |
| NIC Nicolet Bankshares, Inc. | +$5M |
| SOFI SoFi Technologies, Inc. | +$5M |
| HUBS HubSpot, Inc. | +$5M |
| Z Zillow Group, Inc. Class C | +$5M |
| ROKU Roku, Inc. | +$5M |
| SYK Stryker Corporation | +$5M |
| OWL Blue Owl Capital Inc. | +$4M |
| LPLA LPL Financial Holdings Inc. | +$4M |
Top sells this quarter · 15
| CVX Chevron Corporationexit | −$20M |
| FTI TechnipFMC plc | −$16M |
| WMT Walmart Inc. | −$16M |
| SPG Simon Property Group, Inc.exit | −$13M |
| VRT Vertiv Holdings Coexit | −$12M |
| OVV Ovintiv Inc. | −$11M |
| MOD Modine Manufacturing Company | −$11M |
| KGS Kodiak Gas Services, Inc. | −$10M |
| BE Bloom Energy Corporation | −$10M |
| PLD Prologis, Inc.exit | −$10M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.13B | 766 | +22.76% | +17.59% | +5.17% | -1.07B |
| 2025-12-31 | $2.19B | 931 | +15.67% | +17.72% | -2.05% | -1.26B |
| 2025-09-30 | $3.31B | 1533 | +33.89% | +17.52% | +16.37% | +0.60B |
| 2025-06-30 | $2.49B | 1134 | +37.51% | +14.94% | +22.57% | +0.14B |
| 2025-03-31 | $2.18B | 1191 | +30.32% | +8.30% | +22.02% | +1.54B |
| 2024-12-31 | $677M | 885 | +55.99% | +24.89% | +31.11% | -0.27B |
| 2024-09-30 | $782M | 935 | +36.82% | +36.04% | +0.78% | +0.17B |
| 2024-06-30 | $546M | 636 | +25.17% | +24.49% | +0.68% | -0.06B |
| 2024-03-31 | $590M | 671 | +29.84% | +29.62% | +0.22% | -0.16B |
| 2023-12-31 | $666M | 426 | +22.66% | +26.18% | -3.51% | -0.58B |
| 2023-09-30 | $1.18B | 1060 | +23.05% | +21.57% | +1.49% | +0.18B |
| 2023-06-30 | $969M | 1001 | +22.64% | +19.42% | +3.22% | +0.53B |
| 2023-03-31 | $418M | 1150 | -0.59% | -7.82% | +7.23% | -0.02B |
| 2022-12-31 | $407M | 1103 | +6.28% | +7.56% | -1.28% | -0.18B |
| 2022-09-30 | $556M | 1085 | +2.08% | -4.93% | +7.01% | +0.10B |
| 2022-06-30 | $445M | 850 | -14.31% | -16.11% | +1.80% | +0.08B |