Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+10.04%
adds when stocks drop
when a holding falls −10%+
Middle response
+3.11%
steady accumulation
Rally response
-3.47%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| KEXKirby Corporation | $19M | 4.8% | +31.6% | 4.5 yr |
| CRTOCriteo S.A. | $15M | 3.7% | -49.4% | 3.3 yr |
| WIXWix.com Ltd. | $11M | 2.9% | -44.9% | 2.3 yr |
| WORWorthington Industries, | $11M | 2.9% | +5.5% | 1.5 yr |
| BRK-BBerkshire Hathaway Inc. | $11M | 2.8% | — | 4.5 yr |
| HUBGHub Group, Inc. | $11M | 2.8% | -1.7% | 4.5 yr |
| GOOGLAlphabet Inc. | $11M | 2.7% | — | 4.5 yr |
| AMZNAmazon.com, Inc. | $9M | 2.3% | +9.5% | 2.8 yr |
| LECOLincoln Electric Holding | $9M | 2.2% | +33.0% | 2.8 yr |
| POOLPool Corporation | $8M | 1.9% | -35.2% | 1.0 yr |
| CSXCSX Corporation | $7M | 1.9% | +41.6% | 4.5 yr |
| JNJJohnson & Johnson | $7M | 1.9% | +51.5% | 4.0 yr |
| CSLCarlisle Companies Incor | $7M | 1.8% | -0.9% | 0.5 yr |
| WHDCactus, Inc. | $7M | 1.7% | +4.6% | 1.5 yr |
| ACGLArch Capital Group Ltd. | $6M | 1.6% | -0.2% | 4.5 yr |
Portfolio composition (YoY)
Industry mix
Marine Shipping4.8%+0.3pp$19M
Software - Infrastructure4.7%+2.7pp$19M
Specialty Retail4.4%+1.8pp$17M
Insurance - Diversified4.4%-1.0pp$17M
Information Technology Services4.4%+2.5pp$17M
Medical - Devices4.1%+0.1pp$16M
Advertising Agencies3.8%+1.5pp$15M
Integrated Freight & Logistics3.7%-0.3pp$15M
Railroads3.3%+0.4pp$13M
Internet Content & Information3.3%-0.1pp$13M
Country
US79.1%-5.6pp
FR4.2%+1.9pp
BM4.1%-0.1pp
CA3.2%+0.8pp
IL2.9%+1.8pp
Unknown2.0%-0.4pp
IE1.6%+0.8pp
PA1.1%+0.0pp
Top 5: 17.2% · Top 10: 29.0% · Top 25: 51.1%
Top buys this quarter · 15
| WOR Worthington Industries, Inc. | +$7M |
| CRTO Criteo S.A. | +$5M |
| JKHY Jack Henry & Associates, Inc. | +$4M |
| EFX Equifax Inc.new | +$4M |
| IPAR Inter Parfums, Inc.new | +$4M |
| LW Lamb Weston Holdings, Inc.new | +$3M |
| POOL Pool Corporation | +$3M |
| LMB Limbach Holdings, Inc.new | +$3M |
| WIX Wix.com Ltd. | +$3M |
| ACN Accenture plc | +$2M |
Top sells this quarter · 15
| TER Teradyne, Inc.exit | −$7M |
| NOC Northrop Grumman Corporation | −$4M |
| SEB Seaboard Corporationexit | −$3M |
| COKE Coca-Cola Consolidated, Inc. | −$3M |
| SYY Sysco Corporation | −$2M |
| BOKF BOK Financial Corporationexit | −$2M |
| AIT Applied Industrial Technologie | −$2M |
| MAMA Mama's Creations, Inc. | −$2M |
| FIS Fidelity National Information | −$2M |
| NEU NewMarket Corporationexit | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $394M | 136 | +9.49% | +17.59% | -8.10% | +0.03B |
| 2025-12-31 | $372M | 131 | +8.44% | +17.72% | -9.27% | +0.01B |
| 2025-09-30 | $347M | 131 | +5.20% | +17.52% | -12.31% | +0.00B |
| 2025-06-30 | $336M | 132 | +8.48% | +14.94% | -6.46% | +0.03B |
| 2025-03-31 | $291M | 130 | +3.97% | +8.30% | -4.33% | +0.00B |
| 2024-12-31 | $292M | 137 | +17.41% | +24.89% | -7.48% | -0.00B |
| 2024-09-30 | $293M | 137 | +27.42% | +36.04% | -8.62% | -0.01B |
| 2024-06-30 | $283M | 141 | +17.13% | +24.49% | -7.36% | +0.01B |
| 2024-03-31 | $272M | 142 | +22.17% | +29.62% | -7.45% | -0.00B |
| 2023-12-31 | $247M | 145 | +11.55% | +26.18% | -14.62% | -0.00B |
| 2023-09-30 | $228M | 136 | +13.67% | +21.57% | -7.90% | +0.02B |
| 2023-06-30 | $217M | 136 | +10.29% | +19.42% | -9.13% | -0.01B |
| 2023-03-31 | $220M | 133 | -7.29% | -7.82% | +0.53% | +0.02B |
| 2022-12-31 | $202M | 137 | +10.54% | +7.56% | +2.98% | +0.01B |
| 2022-09-30 | $176M | 135 | -5.25% | -4.93% | -0.32% | +0.01B |
| 2022-06-30 | $175M | 136 | -12.45% | -16.11% | +3.66% | +0.04B |