Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+11.76%
adds when stocks drop
when a holding falls −10%+
Middle response
-8.23%
baseline attrition
Rally response
-13.67%
trims into rallies
when a holding rises +10%+
Top positions · 14
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| COMMCommScope Holding Compan | $55M | 27.2% | — | 2.5 yr |
| TDSTelephone and Data Syste | $40M | 19.5% | +9.1% | 1.5 yr |
| HOLXHologic, Inc. | $23M | 11.5% | +22.4% | 0.3 yr |
| TDAYUSA TODAY Co., Inc. | $16M | 8.0% | +143.9% | 0.5 yr |
| SATSEchoStar Corporation | $16M | 7.9% | +357.7% | 0.8 yr |
| CARAvis Budget Group, Inc. | $13M | 6.5% | +92.2% | 0.3 yr |
| — | $13M | 6.2% | — | 0.5 yr |
| IACIAC InterActive Corp. | $11M | 5.4% | +6.3% | 0.3 yr |
| IHRTiHeartMedia, Inc. | $8M | 3.7% | +77.0% | 1.3 yr |
| STHOStar Holdings | $7M | 3.3% | -11.0% | 1.5 yr |
| ATUSAltice USA, Inc. | $2M | 0.8% | — | 1.5 yr |
| — | $0M | 0.0% | — | 2.0 yr |
| BAERWBridger Aerospace Group | $0M | 0.0% | — | 2.3 yr |
| — | $0M | 0.0% | — | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Communication Equipment35.1%+4.6pp$71M
Telecommunications Services20.3%-17.1pp$41M
Medical - Instruments & Supplies11.5%$23M
Publishing8.0%$16M
Rental & Leasing Services6.5%$13M
Unknown6.2%+6.2pp$13M
Internet Content & Information5.4%+3.1pp$11M
Broadcasting3.7%+1.8pp$8M
Real Estate - Services3.3%-2.8pp$7M
Security & Protection Services0.0%$0M
Country
US93.8%+1.5pp
Unknown6.2%+6.2pp
Top 5: 74.1% · Top 10: 99.2% · Top 25: 100.0%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| STHO | $8M | -0.00B | -11.0% |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $203M | 14 | +104.27% | +17.59% | +86.68% | +0.00B |
| 2025-12-31 | $193M | 13 | +102.92% | +17.72% | +85.21% | -0.13B |
| 2025-09-30 | $253M | 13 | +89.05% | +17.52% | +71.53% | +0.03B |
| 2025-06-30 | $155M | 13 | +17.47% | +21.34% | -3.87% | -0.01B |
| 2025-03-31 | $159M | 13 | +31.83% | +6.01% | +25.82% | +0.04B |
| 2024-12-31 | $115M | 12 | +31.48% | +20.34% | +11.13% | +0.08B |
| 2023-12-31 | $25M | 9 | +15.21% | +26.18% | -10.96% | +0.01B |
| 2023-09-30 | $20M | 12 | +19.49% | -3.22% | +22.72% | +0.01B |
| 2023-06-30 | $10M | 11 | +3.78% | +8.68% | -4.90% | +0.01B |
| 2023-03-31 | $3M | 13 | +5.31% | +7.46% | -2.15% | -0.02B |
| 2022-12-31 | $22M | 35 | — | — | — | — |