Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+18.83%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.13%
steady accumulation
Rally response
-4.20%
trims into rallies
when a holding rises +10%+
Top positions · 14
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| COFCapital One Financial Co | $150M | 13.7% | +3.1% | 2.3 yr |
| ACHCAcadia Healthcare Compan | $122M | 11.1% | -22.9% | 1.5 yr |
| GXOGXO Logistics, Inc. | $103M | 9.4% | +32.7% | 0.5 yr |
| DASHDoorDash, Inc. | $102M | 9.3% | -17.8% | 0.3 yr |
| SNXTD SYNNEX Corporation | $102M | 9.3% | +64.5% | 3.3 yr |
| — | $99M | 9.0% | — | 0.3 yr |
| HCIHCI Group, Inc. | $90M | 8.2% | +4.6% | 2.5 yr |
| LRNStride, Inc. | $66M | 6.0% | -30.3% | 0.5 yr |
| RGAReinsurance Group of Ame | $60M | 5.4% | +5.6% | 0.3 yr |
| LYVLive Nation Entertainmen | $54M | 4.9% | +16.8% | 0.8 yr |
| — | $51M | 4.6% | — | 0.3 yr |
| SYFSynchrony Financial | $35M | 3.2% | +30.8% | 3.3 yr |
| MDLNMedline Inc. | $31M | 2.9% | — | 0.3 yr |
| UHSUniversal Health Service | $30M | 2.8% | -4.4% | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Financial - Credit Services16.9%+2.9pp$185M
Medical - Care Facilities13.9%-1.0pp$152M
Unknown13.7%$149M
Integrated Freight & Logistics9.4%$103M
Internet Content & Information9.3%$102M
Technology Distributors9.3%-6.6pp$102M
Insurance - Property & Casualty8.2%-7.7pp$90M
Education & Training Services6.0%$66M
Insurance - Reinsurance5.4%$60M
Entertainment4.9%$54M
Country
US86.3%-9.3pp
Unknown13.7%
Top 5: 52.9% · Top 10: 86.5% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| SNX | $73M | +0.05B | 64.5% |
| SYF | $74M | +0.02B | 30.8% |
| HCI | $119M | +0.01B | 4.6% |
| ACHC | $48M | -0.01B | -22.9% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| ACHC | $48M | -0.01B | -22.9% |
Top buys this quarter · 11
| — new | +$0M |
| — new | +$0M |
| COF Capital One Financial Corporat | +$142M |
| DASH DoorDash, Inc.new | +$102M |
| RGA Reinsurance Group of America, new | +$60M |
| GXO GXO Logistics, Inc. | +$40M |
| LRN Stride, Inc. | +$35M |
| MDLN Medline Inc.new | +$31M |
| SNX TD SYNNEX Corporation | +$9M |
| HCI HCI Group, Inc. | +$90M |
Top sells this quarter · 9
| — exit | −$0M |
| THC Tenet Healthcare Corporationexit | −$95M |
| CACC Credit Acceptance Corporationexit | −$59M |
| ACHC Acadia Healthcare Company, Inc | −$104M |
| UAL United Airlines Holdings, Inc.exit | −$39M |
| SIG Signet Jewelers Limitedexit | −$33M |
| SYF Synchrony Financial | −$28M |
| LGIH LGI Homes, Inc.exit | −$14M |
| UHS Universal Health Services, Inc | −$11M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.09B | 14 | +21.55% | +17.59% | +3.96% | +0.11B |
| 2025-12-31 | $962M | 14 | +6.92% | +17.72% | -10.80% | +0.05B |
| 2025-09-30 | $962M | 13 | +3.60% | +17.52% | -13.91% | -0.06B |
| 2025-06-30 | $897M | 13 | -0.27% | +14.94% | -15.21% | +0.06B |
| 2025-03-31 | $748M | 16 | -14.13% | +8.30% | -22.43% | -0.04B |
| 2024-12-31 | $883M | 18 | -1.90% | +24.89% | -26.79% | +0.16B |
| 2024-09-30 | $787M | 16 | +23.35% | +36.04% | -12.68% | +0.21B |
| 2024-06-30 | $529M | 16 | +5.37% | +24.49% | -19.12% | +0.13B |
| 2024-03-31 | $420M | 14 | +23.99% | +29.62% | -5.63% | +0.09B |
| 2023-12-31 | $319M | 14 | +28.08% | +26.18% | +1.90% | +0.08B |
| 2023-09-30 | $207M | 12 | +19.21% | +21.57% | -2.36% | +0.04B |
| 2023-06-30 | $184M | 10 | +11.14% | +19.42% | -8.29% | +0.04B |
| 2023-03-31 | $130M | 11 | -20.22% | -7.82% | -12.40% | +0.02B |
| 2022-12-31 | $105M | 9 | +6.97% | +7.56% | -0.59% | -0.01B |
| 2022-09-30 | $110M | 12 | -12.85% | -4.93% | -7.92% | +0.02B |
| 2022-06-30 | $101M | 15 | -18.95% | -16.11% | -2.84% | +0.03B |