Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-4.19%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.13%
baseline attrition
Rally response
-7.72%
trims into rallies
when a holding rises +10%+
Top positions · 3
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MASIMasimo Corporation | $816M | 82.9% | +6.8% | 3.8 yr |
| BRKSBrooks Automation, Inc. | $98M | 9.9% | — | 3.0 yr |
| CNCCentene Corporation | $71M | 7.2% | -46.1% | 4.5 yr |
Portfolio composition (YoY)
Industry mix
Medical - Devices82.9%+29.5pp$816M
Semiconductors9.9%-0.9pp$98M
Medical - Healthcare Plans7.2%-28.0pp$71M
Country
US100.0%+0.1pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| CNC | $518M | -0.24B | -46.1% |
Top buys this quarter · 1
| BRKS Brooks Automation, Inc. | +$98M |
Top sells this quarter · 1
| CNC Centene Corporation | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $985M | 3 | -4.20% | +17.59% | -21.79% | -0.10B |
| 2025-12-31 | $841M | 3 | -25.47% | +17.72% | -43.19% | -0.21B |
| 2025-09-30 | $1.10B | 21 | -23.62% | +17.52% | -41.14% | -0.02B |
| 2025-06-30 | $1.39B | 19 | +5.03% | +14.94% | -9.91% | -0.03B |
| 2025-03-31 | $1.47B | 5 | -7.41% | +8.30% | -15.71% | -0.08B |
| 2024-12-31 | $1.54B | 4 | +4.22% | +24.89% | -20.67% | -0.20B |
| 2024-09-30 | $1.77B | 4 | +23.44% | +36.04% | -12.60% | -0.04B |
| 2024-06-30 | $1.64B | 3 | -12.29% | +24.49% | -36.78% | +0.01B |
| 2024-03-31 | $1.92B | 3 | +0.89% | +29.62% | -28.74% | -0.06B |
| 2023-12-31 | $1.75B | 3 | -14.53% | +26.18% | -40.71% | +0.03B |
| 2023-09-30 | $1.48B | 3 | -22.73% | +21.57% | -44.29% | +0.15B |
| 2023-06-30 | $1.69B | 3 | -5.87% | +19.42% | -25.29% | +0.00B |
| 2023-03-31 | $1.72B | 2 | -3.26% | -7.82% | +4.56% | +0.02B |
| 2022-12-31 | $1.78B | 2 | +5.17% | +7.56% | -2.40% | +0.03B |
| 2022-09-30 | $1.66B | 2 | -4.54% | -4.93% | +0.39% | +0.62B |
| 2022-06-30 | $1.09B | 1 | +0.50% | -16.11% | +16.61% | -0.00B |