Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+5.96%
adds when stocks drop
when a holding falls −10%+
Middle response
+4.13%
steady accumulation
Rally response
-1.71%
trims into rallies
when a holding rises +10%+
Top positions · 15
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| USFDUS Foods Holding Corp. | $171M | 18.1% | +40.9% | 2.3 yr |
| IESCIES Holdings, Inc. | $110M | 11.7% | +188.6% | 1.0 yr |
| PRMBPrimo Brands Corporation | $100M | 10.6% | -45.9% | 1.5 yr |
| CLBTCellebrite DI Ltd. | $92M | 9.7% | -29.1% | 1.8 yr |
| PSMTPriceSmart, Inc. | $79M | 8.4% | +73.0% | 1.0 yr |
| PAXPatria Investments Limit | $66M | 7.0% | +16.7% | 4.5 yr |
| ATROAstronics Corporation | $54M | 5.8% | +176.1% | 0.3 yr |
| KYIVKyivstar Group Ltd. Comm | $52M | 5.5% | — | 0.5 yr |
| NBBKNB Bancorp, Inc. Common | $46M | 4.9% | +17.9% | 2.3 yr |
| SIMOSilicon Motion Technolog | $46M | 4.9% | +127.9% | 2.8 yr |
| MBCMasterBrand, Inc. | $41M | 4.4% | -36.4% | 0.5 yr |
| COMPCompass, Inc. | $36M | 3.8% | -16.3% | 0.5 yr |
| NUTXNutex Health, Inc. | $36M | 3.8% | +102.1% | 0.8 yr |
| ONONOn Holding AG | $11M | 1.1% | -22.5% | 0.3 yr |
| INDAiShares MSCI India ETF | $3M | 0.3% | — | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Food Distribution18.1%+7.2pp$171M
Engineering & Construction11.7%$110M
Beverages - Non-Alcoholic10.6%-0.2pp$100M
Software - Infrastructure9.7%+3.6pp$92M
Discount Stores8.4%$79M
Asset Management7.3%+2.4pp$69M
Aerospace & Defense5.8%$54M
Telecommunications Services5.5%$52M
Banks - Regional4.9%+0.7pp$46M
Semiconductors4.9%-5.2pp$46M
Country
US71.8%+4.8pp
IL9.7%+3.6pp
KY7.0%+2.5pp
AE5.5%
HK4.9%-2.4pp
CH1.1%
Top 5: 58.5% · Top 10: 86.6% · Top 25: 100.0%
Top buys this quarter · 13
| ATRO Astronics Corporationnew | +$54M |
| KYIV Kyivstar Group Ltd. Common Sha | +$33M |
| USFD US Foods Holding Corp. | +$16M |
| PRMB Primo Brands Corporation | +$14M |
| ONON On Holding AGnew | +$11M |
| IESC IES Holdings, Inc. | +$10M |
| CLBT Cellebrite DI Ltd. | +$92M |
| PAX Patria Investments Limited | +$66M |
| MBC MasterBrand, Inc. | +$41M |
| PSMT PriceSmart, Inc. | +$5M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $942M | 15 | +22.21% | +17.59% | +4.62% | +0.02B |
| 2025-12-31 | $910M | 17 | +16.88% | +17.72% | -0.83% | +0.08B |
| 2025-09-30 | $821M | 15 | +15.30% | +17.52% | -2.22% | -0.14B |
| 2025-06-30 | $886M | 18 | +18.75% | +14.94% | +3.81% | -0.03B |
| 2025-03-31 | $837M | 19 | +8.65% | +8.30% | +0.34% | -0.11B |
| 2024-12-31 | $972M | 24 | +24.96% | +24.89% | +0.08% | +0.15B |
| 2024-09-30 | $822M | 22 | +43.62% | +36.04% | +7.58% | -0.06B |
| 2024-06-30 | $790M | 23 | +19.44% | +24.49% | -5.05% | +0.29B |
| 2024-03-31 | $497M | 21 | +26.10% | +29.62% | -3.52% | -0.09B |
| 2023-12-31 | $529M | 18 | +30.74% | +26.18% | +4.56% | +0.02B |
| 2023-09-30 | $448M | 19 | +8.41% | +21.57% | -13.16% | +0.03B |
| 2023-06-30 | $448M | 17 | +7.45% | +19.42% | -11.98% | +0.02B |
| 2023-03-31 | $403M | 16 | -16.43% | -7.82% | -8.62% | +0.05B |
| 2022-12-31 | $306M | 15 | -4.99% | +7.56% | -12.55% | +0.07B |
| 2022-09-30 | $247M | 16 | -7.77% | -4.93% | -2.85% | +0.02B |
| 2022-06-30 | $250M | 15 | -17.56% | -16.11% | -1.45% | +0.02B |