Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+20.78%
adds when stocks drop
when a holding falls −10%+
Middle response
-9.06%
baseline attrition
Rally response
-7.78%
trims into rallies
when a holding rises +10%+
Top positions · 27
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AXAxos Financial, Inc. | $5M | 7.8% | +31.9% | 1.3 yr |
| CCBCoastal Financial Corpor | $5M | 7.5% | -15.8% | 4.3 yr |
| CVBFCVB Financial Corp. | $4M | 6.9% | +8.4% | 1.8 yr |
| ENVAEnova International, Inc | $4M | 5.7% | +40.7% | 0.5 yr |
| SFBSServisFirst Bancshares, | $3M | 5.1% | -10.7% | 0.8 yr |
| COLBColumbia Banking System, | $3M | 5.0% | +16.1% | 1.8 yr |
| ABCBAmeris Bancorp | $3M | 4.7% | +36.6% | 0.8 yr |
| QCRHQCR Holdings, Inc. | $3M | 4.3% | +20.2% | 2.0 yr |
| RKTRocket Companies, Inc. | $3M | 4.0% | +18.1% | 1.3 yr |
| CCitigroup Inc. | $3M | 3.9% | +63.9% | 3.0 yr |
| NUNu Holdings Ltd. | $2M | 3.8% | +40.3% | 0.3 yr |
| SIISprott Inc. | $2M | 3.8% | +224.0% | 0.5 yr |
| CASHPathward Financial, Inc. | $2M | 3.6% | +22.6% | 1.0 yr |
| NBNNortheast Bank | $2M | 3.6% | +22.8% | 0.8 yr |
| TFINTriumph Financial, Inc. | $2M | 3.5% | +3.2% | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Banks - Regional64.1%-16.1pp$41M
Banks - Diversified7.7%-1.5pp$5M
Financial - Credit Services7.2%+1.3pp$5M
Financial - Capital Markets6.0%+4.4pp$4M
Asset Management5.0%$3M
Financial - Mortgages4.0%+0.9pp$3M
Unknown3.5%+3.5pp$2M
Investment - Banking & Investment Services2.5%$2M
Country
US89.0%-11.0pp
BR3.8%
CA3.8%
Unknown3.5%+3.5pp
Top 5: 33.1% · Top 10: 55.1% · Top 25: 97.5%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| C | $2M | +0.00B | 63.9% |
| QCRH | $3M | +0.00B | 20.2% |
| CNOB | $3M | +0.00B | 13.4% |
| NPB | $2M | +0.00B | 20.2% |
| UMBF | $2M | +0.00B | 13.2% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| CCB | $3M | -0.00B | -15.8% |
Top buys this quarter · 15
| AX Axos Financial, Inc. | +$4M |
| ENVA Enova International, Inc. | +$3M |
| CVBF CVB Financial Corp. | +$3M |
| NU Nu Holdings Ltd.new | +$2M |
| SFBS ServisFirst Bancshares, Inc. | +$2M |
| FIGR Figure Technology Solutions, Inew | +$2M |
| CCB Coastal Financial Corporation | +$5M |
| IBKR Interactive Brokers Group, Inc | +$1M |
| JCAP Jefferson Capital, Inc. Commonnew | +$1M |
| NPB Northpointe Bancshares, Inc. | +$1M |
Top sells this quarter · 15
| TBBK The Bancorp, Inc.exit | −$4M |
| BAC Bank of America Corporationexit | −$3M |
| TFC Truist Financial Corporationexit | −$2M |
| UMBF UMB Financial Corporation | −$2M |
| FBK FB Financial Corporationexit | −$2M |
| CFG Citizens Financial Group, Inc.exit | −$2M |
| CNOB ConnectOne Bancorp, Inc. | −$2M |
| SBCF Seacoast Banking Corporation oexit | −$1M |
| NBN Northeast Bank | −$1M |
| LPLA LPL Financial Holdings Inc.exit | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $65M | 27 | +26.26% | +17.59% | +8.67% | +0.00B |
| 2025-12-31 | $64M | 31 | +29.59% | +17.72% | +11.87% | -0.00B |
| 2025-09-30 | $65M | 28 | +36.85% | +17.52% | +19.34% | -0.01B |
| 2025-06-30 | $67M | 32 | +41.52% | +14.94% | +26.57% | +0.02B |
| 2025-03-31 | $41M | 30 | +24.84% | +8.30% | +16.54% | +0.00B |
| 2024-12-31 | $40M | 33 | +31.57% | +24.89% | +6.68% | -0.03B |
| 2024-09-30 | $65M | 34 | +42.36% | +36.04% | +6.32% | -0.01B |
| 2024-06-30 | $66M | 30 | +29.38% | +24.49% | +4.89% | +0.00B |
| 2024-03-31 | $67M | 33 | +35.51% | +29.62% | +5.89% | +0.03B |
| 2023-12-31 | $36M | 23 | +13.94% | +26.18% | -12.24% | +0.00B |
| 2023-09-30 | $28M | 26 | +0.03% | +21.57% | -21.54% | +0.01B |
| 2023-06-30 | $18M | 22 | -1.36% | +19.42% | -20.78% | +0.00B |
| 2023-03-31 | $16M | 21 | -21.17% | -7.82% | -13.35% | -0.00B |
| 2022-12-31 | $20M | 30 | +5.03% | +7.56% | -2.53% | +0.00B |
| 2022-09-30 | $18M | 31 | +2.01% | -4.93% | +6.94% | -0.00B |
| 2022-06-30 | $18M | 27 | -16.98% | -16.11% | -0.87% | -0.00B |