Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.21%
trims when stocks drop
when a holding falls −10%+
Middle response
+3.42%
steady accumulation
Rally response
+3.95%
adds into rallies
when a holding rises +10%+
Top positions · 9
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| KRMNKarman Holdings Inc. | $164M | 41.9% | +139.5% | 0.8 yr |
| RSPInvesco S&P 500 Equal We | $120M | 30.7% | — | 1.0 yr |
| SPYState Street SPDR S&P 50 | $87M | 22.3% | +17.6% | 2.3 yr |
| PACKRanpak Holdings Corp. | $11M | 2.8% | -34.1% | 4.5 yr |
| HTFLHeartflow, Inc. Common S | $6M | 1.6% | — | 0.8 yr |
| EFAiShares MSCI EAFE ETF | $1M | 0.3% | — | 0.5 yr |
| URTHiShares MSCI World ETF | $1M | 0.2% | — | 0.5 yr |
| BILState Street SPDR Bloomb | $1M | 0.1% | — | 2.8 yr |
| IWMiShares Russell 2000 ETF | $0M | 0.1% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management53.7%-45.0pp$210M
Aerospace & Defense41.9%$164M
Packaging & Containers2.8%+1.4pp$11M
Medical - Healthcare Information Services1.6%$6M
Country
US100.0%+0.0pp
Top 5: 99.2% · Top 10: 100.0% · Top 25: 100.0%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| PACK | $1M | -0.00B | -34.1% |
Top buys this quarter · 0
No buys this quarter
Top sells this quarter · 1
| HTFL Heartflow, Inc. Common Stock | −$41M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $391M | 9 | +36.16% | +17.59% | +18.57% | -0.04B |
| 2025-12-31 | $437M | 9 | +31.98% | +17.72% | +14.26% | +0.01B |
| 2025-09-30 | $438M | 6 | +37.51% | +17.52% | +19.99% | +0.35B |
| 2025-06-30 | $66M | 4 | +19.81% | +14.94% | +4.86% | +0.02B |
| 2025-03-31 | $40M | 3 | +33.27% | +8.30% | +24.97% | -0.00B |
| 2024-12-31 | $42M | 3 | +68.53% | +24.89% | +43.65% | -0.00B |
| 2024-09-30 | $41M | 3 | +89.52% | +36.04% | +53.48% | -0.04B |
| 2024-06-30 | $77M | 9 | +95.33% | +24.49% | +70.83% | -0.08B |
| 2024-03-31 | $129M | 12 | +120.88% | +29.62% | +91.25% | +0.05B |
| 2023-12-31 | $68M | 12 | +155.57% | +26.18% | +129.39% | -0.01B |
| 2023-09-30 | $68M | 12 | +32.76% | +21.57% | +11.19% | -0.01B |
| 2023-06-30 | $65M | 12 | -6.97% | +19.42% | -26.40% | -0.02B |
| 2023-03-31 | $64M | 10 | -59.34% | -7.82% | -51.52% | -0.00B |
| 2022-12-31 | $48M | 10 | -40.10% | +7.56% | -47.66% | -0.02B |
| 2022-09-30 | $111M | 11 | -19.76% | -4.93% | -14.83% | +0.04B |
| 2022-06-30 | $95M | 13 | -39.43% | -16.11% | -23.32% | -0.00B |