Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-40.57%
trims when stocks drop
when a holding falls −10%+
Middle response
-18.55%
baseline attrition
Rally response
-20.26%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MTZMasTec, Inc. | $12M | 9.5% | +175.7% | 1.0 yr |
| KGSKodiak Gas Services, Inc | $10M | 8.3% | +64.4% | 0.3 yr |
| CWCurtiss-Wright Corporati | $7M | 5.6% | +115.0% | 1.8 yr |
| SLBSLB N.V. | $6M | 5.1% | +26.7% | 0.8 yr |
| LRCXLam Research Corporation | $6M | 4.9% | +196.1% | 0.3 yr |
| DVNDevon Energy Corporation | $6M | 4.9% | +38.1% | 0.3 yr |
| JBLJabil Inc. | $6M | 4.8% | +95.5% | 0.3 yr |
| MRKMerck & Co., Inc. | $6M | 4.5% | +38.9% | 0.8 yr |
| ROSTRoss Stores, Inc. | $5M | 4.2% | +71.2% | 1.3 yr |
| LINLinde plc | $5M | 4.1% | +7.9% | 1.5 yr |
| SPHRSphere Entertainment Co. | $5M | 4.1% | +258.8% | 0.8 yr |
| AMATApplied Materials, Inc. | $5M | 4.1% | +137.6% | 1.3 yr |
| PRPermian Resources Corpor | $4M | 3.4% | +60.4% | 0.3 yr |
| WDCWestern Digital Corporat | $4M | 2.9% | +571.9% | 1.0 yr |
| TJXThe TJX Companies, Inc. | $3M | 2.5% | +32.7% | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Oil & Gas Equipment & Services15.9%+12.2pp$19M
Semiconductors10.2%$13M
Aerospace & Defense9.9%-17.1pp$12M
Engineering & Construction9.5%$12M
Oil & Gas Exploration & Production8.3%+6.6pp$10M
Apparel - Retail6.8%+4.0pp$8M
Hardware, Equipment & Parts4.8%$6M
Drug Manufacturers - General4.5%$6M
Railroads4.1%+1.2pp$5M
Chemicals - Specialty4.1%$5M
Country
US86.7%+10.8pp
GB8.2%-2.5pp
BR2.1%
NL1.2%
Unknown0.9%
SG0.8%
Top 5: 33.4% · Top 10: 55.9% · Top 25: 93.1%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 14
| KGS Kodiak Gas Services, Inc.new | +$10M |
| LRCX Lam Research Corporationnew | +$6M |
| DVN Devon Energy Corporationnew | +$6M |
| JBL Jabil Inc.new | +$6M |
| PR Permian Resources Corporationnew | +$4M |
| SLB SLB N.V. | +$3M |
| MTZ MasTec, Inc. | +$3M |
| MRK Merck & Co., Inc. | +$3M |
| CW Curtiss-Wright Corporation | +$3M |
| MATX Matson, Inc.new | +$1M |
Top sells this quarter · 15
| RBC RBC Bearings Incorporatedexit | −$14M |
| CHRW C.H. Robinson Worldwide, Inc.exit | −$14M |
| MKSI MKS Inc.exit | −$13M |
| LITE Lumentum Holdings Inc. | −$11M |
| AME AMETEK, Inc.exit | −$11M |
| CRS Carpenter Technology Corporati | −$11M |
| CX CEMEX, S.A.B. de C.V.exit | −$11M |
| NVT nVent Electric plc | −$10M |
| WWD Woodward, Inc.exit | −$9M |
| MOD Modine Manufacturing Company | −$8M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $122M | 33 | +62.69% | +17.59% | +45.10% | -0.31B |
| 2025-12-31 | $387M | 84 | +50.62% | +17.72% | +32.90% | -0.19B |
| 2025-09-30 | $541M | 115 | +58.05% | +17.52% | +40.53% | +0.10B |
| 2025-06-30 | $382M | 69 | +52.04% | +14.94% | +37.10% | +0.20B |
| 2025-03-31 | $155M | 37 | +31.79% | +8.30% | +23.49% | -0.14B |
| 2024-12-31 | $285M | 65 | +52.61% | +24.89% | +27.72% | -0.08B |
| 2024-09-30 | $331M | 64 | +54.03% | +36.04% | +17.99% | -0.04B |
| 2024-06-30 | $331M | 48 | +41.25% | +24.49% | +16.76% | -0.27B |
| 2024-03-31 | $578M | 78 | +51.43% | +29.62% | +21.80% | +0.07B |
| 2023-12-31 | $428M | 58 | +50.69% | +26.18% | +24.51% | +0.26B |
| 2023-09-30 | $152M | 33 | +37.29% | +21.57% | +15.73% | -0.02B |
| 2023-06-30 | $169M | 39 | +31.40% | +19.42% | +11.98% | -0.02B |
| 2023-03-31 | $171M | 47 | +4.98% | -7.82% | +12.80% | +0.12B |
| 2022-12-31 | $45M | 25 | +2.58% | +7.56% | -4.98% | -0.12B |
| 2022-09-30 | $164M | 44 | -2.01% | -4.93% | +2.92% | +0.09B |
| 2022-06-30 | $78M | 33 | -11.42% | -16.11% | +4.69% | +0.03B |