Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.00%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.49%
steady accumulation
Rally response
-1.65%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CLSEConvergence Long/Short E | $15M | 4.9% | — | 4.3 yr |
| AVSEAvantis Responsible Emer | $9M | 2.9% | — | 1.5 yr |
| IVViShares Core S&P 500 ETF | $9M | 2.9% | — | 1.5 yr |
| ADEAAdeia Inc. | $7M | 2.4% | +84.3% | 0.8 yr |
| LOPEGrand Canyon Education, | $6M | 1.9% | -1.7% | 4.5 yr |
| AVSDAvantis Responsible Inte | $6M | 1.9% | — | 1.5 yr |
| VECOVeeco Instruments Inc. | $5M | 1.8% | +68.6% | 4.5 yr |
| EFViShares MSCI EAFE Value | $5M | 1.8% | — | 3.5 yr |
| CVLCCalvert US Large-Cap Cor | $5M | 1.6% | — | 1.5 yr |
| LMNRLimoneira Company | $4M | 1.5% | -23.1% | 4.5 yr |
| DGXQuest Diagnostics Incorp | $4M | 1.4% | +17.5% | 4.5 yr |
| AZZAZZ Inc. | $4M | 1.2% | +50.8% | 4.3 yr |
| SNEXStoneX Group Inc. | $4M | 1.2% | +5.6% | 3.5 yr |
| GOOGLAlphabet Inc. | $4M | 1.2% | — | 4.3 yr |
| IDCCInterDigital, Inc. | $4M | 1.2% | +47.2% | 3.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management21.7%+6.0pp$65M
Software - Application3.9%+1.0pp$12M
Medical - Instruments & Supplies3.7%-0.7pp$11M
Semiconductors3.4%+1.1pp$10M
Financial - Capital Markets3.1%-0.5pp$9M
Medical - Diagnostics & Research2.8%+0.5pp$8M
Conglomerates2.6%+1.9pp$8M
Banks - Regional2.5%-1.6pp$8M
Unknown2.3%+1.6pp$7M
Oil & Gas Exploration & Production2.1%-0.3pp$6M
Country
US92.4%-1.1pp
Unknown2.3%+1.6pp
CA1.6%+1.2pp
CO1.1%-1.0pp
IE0.8%-0.1pp
GB0.6%-0.7pp
IL0.5%
NL0.3%+0.1pp
Top 5: 15.1% · Top 10: 23.6% · Top 25: 40.6%
Top buys this quarter · 15
| MEOH Methanex Corporationnew | +$3M |
| JKHY Jack Henry & Associates, Inc.new | +$3M |
| TALK Talkspace, Inc.new | +$2M |
| SFM Sprouts Farmers Market, Inc.new | +$2M |
| DKS DICK'S Sporting Goods, Inc.new | +$2M |
| NNN NNN REIT, Inc. | +$2M |
| SNEX StoneX Group Inc. | +$1M |
| NTCT NetScout Systems, Inc.new | +$1M |
| PWP Perella Weinberg Partners | +$1M |
| CENX Century Aluminum Companynew | +$1M |
Top sells this quarter · 15
| CIEN Ciena Corporationexit | −$3M |
| STKL SunOpta Inc.exit | −$2M |
| AGM Federal Agricultural Mortgage exit | −$2M |
| WAL Western Alliance Bancorporatioexit | −$1M |
| UEC Uranium Energy Corp.exit | −$1M |
| DOX Amdocs Limitedexit | −$1M |
| LAZ Lazard Ltdexit | −$1M |
| TNC Tennant Companyexit | −$1M |
| BKH Black Hills Corporation | −$1M |
| MOD Modine Manufacturing Company | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $300M | 213 | +15.26% | +17.59% | -2.33% | +0.04B |
| 2025-12-31 | $256M | 211 | +8.09% | +17.72% | -9.62% | +0.02B |
| 2025-09-30 | $238M | 216 | +8.86% | +17.52% | -8.66% | +0.01B |
| 2025-06-30 | $210M | 201 | +12.06% | +14.94% | -2.89% | +0.00B |
| 2025-03-31 | $193M | 201 | +4.97% | +8.30% | -3.34% | -0.00B |
| 2024-12-31 | $204M | 210 | +20.98% | +24.89% | -3.91% | +0.00B |
| 2024-09-30 | $201M | 205 | +36.10% | +36.04% | +0.06% | +0.05B |
| 2024-06-30 | $134M | 185 | +18.04% | +24.49% | -6.45% | -0.00B |
| 2024-03-31 | $135M | 186 | +20.99% | +29.62% | -8.63% | -0.00B |
| 2023-12-31 | $126M | 195 | +16.47% | +26.18% | -9.71% | +0.00B |
| 2023-09-30 | $110M | 185 | +14.34% | +21.57% | -7.23% | +0.00B |
| 2023-06-30 | $113M | 188 | +17.15% | +19.42% | -2.27% | +0.00B |
| 2023-03-31 | $108M | 186 | -1.90% | -7.82% | +5.91% | -0.01B |
| 2022-12-31 | $117M | 198 | +10.76% | +7.56% | +3.20% | +0.01B |
| 2022-09-30 | $99M | 186 | -2.21% | -4.93% | +2.72% | +0.00B |
| 2022-06-30 | $98M | 189 | -14.08% | -16.11% | +2.03% | +0.05B |