Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-5.99%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.95%
baseline attrition
Rally response
-9.62%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| KLACKLA Corporation | $83M | 4.2% | +118.2% | 3.3 yr |
| FIXComfort Systems USA, Inc | $82M | 4.2% | +329.0% | 3.3 yr |
| AAPLApple Inc. | $79M | 4.0% | +14.7% | 3.3 yr |
| AVGOBroadcom Inc. | $78M | 4.0% | +86.0% | 3.3 yr |
| GOOGLAlphabet Inc. | $76M | 3.9% | — | 3.3 yr |
| PHParker-Hannifin Corporat | $73M | 3.7% | +48.6% | 3.3 yr |
| MSFTMicrosoft Corporation | $65M | 3.3% | -0.6% | 3.3 yr |
| COSTCostco Wholesale Corpora | $62M | 3.1% | +5.9% | 3.3 yr |
| ADIAnalog Devices, Inc. | $54M | 2.8% | +60.2% | 0.8 yr |
| MCKMcKesson Corporation | $54M | 2.8% | +29.1% | 3.3 yr |
| HASHasbro, Inc. | $51M | 2.6% | +57.7% | 1.8 yr |
| MEDPMedpace Holdings, Inc. | $50M | 2.5% | +57.6% | 3.3 yr |
| ANETArista Networks, Inc. | $50M | 2.5% | +58.5% | 1.5 yr |
| METAMeta Platforms, Inc. | $48M | 2.5% | -0.4% | 3.3 yr |
| TPRTapestry, Inc. | $47M | 2.4% | +103.3% | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors13.9%+5.5pp$273M
Internet Content & Information6.5%-0.8pp$128M
Software - Application5.6%-2.6pp$110M
Software - Infrastructure5.0%-2.3pp$98M
Discount Stores4.8%+1.2pp$94M
Engineering & Construction4.4%+4.1pp$86M
Consumer Electronics4.0%-0.2pp$79M
Industrial - Machinery4.0%+0.8pp$79M
Medical - Diagnostics & Research3.7%+0.0pp$73M
Entertainment3.5%+1.0pp$69M
Country
US95.7%+1.2pp
BM2.0%-0.4pp
CA1.0%-0.1pp
TW0.6%+0.1pp
GB0.5%-0.1pp
KY0.1%+0.0pp
SG0.0%
Unknown0.0%-0.1pp
Top 5: 20.3% · Top 10: 36.0% · Top 25: 70.4%
Top buys this quarter · 15
| JBL Jabil Inc. | +$43M |
| DG Dollar General Corporationnew | +$32M |
| AVGO Broadcom Inc. | +$78M |
| PH Parker-Hannifin Corporation | +$8M |
| COST Costco Wholesale Corporation | +$5M |
| TPR Tapestry, Inc. | +$5M |
| MEDP Medpace Holdings, Inc. | +$50M |
| ADI Analog Devices, Inc. | +$4M |
| MCK McKesson Corporation | +$4M |
| AAPL Apple Inc. | +$79M |
Top sells this quarter · 15
| AMP Ameriprise Financial, Inc. | −$32M |
| ADBE Adobe Inc.exit | −$19M |
| EXLS ExlService Holdings, Inc.exit | −$15M |
| FIX Comfort Systems USA, Inc. | −$61M |
| KLAC KLA Corporation | −$74M |
| CL Colgate-Palmolive Company | −$3M |
| BAC Bank of America Corporationexit | −$2M |
| LITE Lumentum Holdings Inc. | −$2M |
| CCI Crown Castle Inc.exit | −$2M |
| VRT Vertiv Holdings Co | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.96B | 162 | +25.38% | +17.59% | +7.78% | +0.16B |
| 2025-12-31 | $1.89B | 170 | +25.58% | +17.72% | +7.86% | +0.10B |
| 2025-09-30 | $1.74B | 172 | +37.29% | +17.52% | +19.77% | +0.02B |
| 2025-06-30 | $1.53B | 169 | +29.29% | +14.94% | +14.35% | +0.01B |
| 2025-03-31 | $1.33B | 179 | +17.01% | +8.30% | +8.71% | +0.04B |
| 2024-12-31 | $1.36B | 187 | +36.80% | +24.89% | +11.92% | +0.01B |
| 2024-09-30 | $1.21B | 136 | +39.39% | +36.04% | +3.35% | +0.01B |
| 2024-06-30 | $1.13B | 134 | +3.08% | +4.38% | -1.29% | -0.67B |
| 2024-03-31 | $1.75B | 178 | +11.54% | +10.39% | +1.15% | -0.17B |
| 2023-12-31 | $1.72B | 174 | +13.95% | +11.64% | +2.31% | -0.44B |
| 2022-03-31 | $1.89B | 272 | — | — | — | -0.28B |
| 2021-12-31 | $2.18B | 364 | — | — | — | +0.22B |
| 2021-09-30 | $1.95B | 366 | — | — | — | — |