Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.69%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.67%
baseline attrition
Rally response
+0.31%
adds into rallies
when a holding rises +10%+
Top positions · 5
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| TDGTransDigm Group Incorpor | $28M | 35.1% | -10.5% | 5.3 yr |
| ESQEsquire Financial Holdin | $25M | 31.0% | +43.7% | 1.8 yr |
| NBNNortheast Bank | $20M | 24.1% | +22.8% | 0.3 yr |
| SABRSabre Corporation | $8M | 9.3% | -48.4% | 0.3 yr |
| ROSTRoss Stores, Inc. | $0M | 0.4% | +71.2% | 3.3 yr |
Portfolio composition (YoY)
Industry mix
Banks - Regional55.2%+30.2pp$45M
Aerospace & Defense35.1%-20.2pp$28M
Travel Services9.3%$8M
Apparel - Retail0.4%+0.2pp$0M
Country
US100.0%+0.0pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| TDG | $47M | -0.00B | -10.5% |
Top buys this quarter · 3
| NBN Northeast Banknew | +$20M |
| SABR Sabre Corporationnew | +$8M |
| ESQ Esquire Financial Holdings, In | +$5M |
Top sells this quarter · 2
| TDG TransDigm Group Incorporated | −$10M |
| — exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $81M | 5 | +27.15% | +17.59% | +9.56% | +0.02B |
| 2025-12-31 | $67M | 4 | +28.84% | +17.72% | +11.12% | -0.03B |
| 2025-09-30 | $90M | 4 | +30.30% | +17.52% | +12.78% | -0.01B |
| 2025-06-30 | $95M | 4 | +40.14% | +14.94% | +25.20% | -0.01B |
| 2025-03-31 | $85M | 4 | -8.88% | +8.30% | -17.18% | -0.01B |
| 2024-12-31 | $96M | 4 | -9.55% | +24.89% | -34.43% | -0.00B |
| 2024-09-30 | $96M | 4 | +13.67% | +36.04% | -22.37% | -0.02B |
| 2024-06-30 | $109M | 5 | -16.30% | +24.49% | -40.80% | -0.01B |
| 2024-03-31 | $145M | 5 | +13.32% | +29.62% | -16.31% | -0.00B |
| 2023-12-31 | $153M | 5 | +40.05% | +26.18% | +13.87% | +0.01B |
| 2023-09-30 | $112M | 3 | +27.22% | +21.57% | +5.66% | -0.00B |
| 2023-06-30 | $140M | 3 | +64.15% | +19.42% | +44.73% | -0.03B |
| 2023-03-31 | $149M | 4 | +4.79% | -7.82% | +12.61% | +0.03B |
| 2022-12-31 | $98M | 3 | +18.78% | +7.56% | +11.22% | +0.02B |
| 2022-09-30 | $69M | 4 | +4.16% | -4.93% | +9.09% | +0.00B |
| 2022-06-30 | $64M | 4 | -28.53% | -16.11% | -12.42% | +0.00B |