Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.15%
trims when stocks drop
when a holding falls −10%+
Middle response
+1.22%
steady accumulation
Rally response
+1.59%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VRTVertiv Holdings Co | $66M | 25.8% | +247.5% | 4.5 yr |
| BXBlackstone Inc. | $27M | 10.7% | -14.9% | 4.5 yr |
| KEYSKeysight Technologies, I | $22M | 8.8% | +88.5% | 4.5 yr |
| AMZNAmazon.com, Inc. | $22M | 8.5% | +9.5% | 4.5 yr |
| PSNParsons Corporation | $14M | 5.4% | -8.5% | 1.0 yr |
| TCBITexas Capital Bancshares | $12M | 4.6% | +27.0% | 4.5 yr |
| MIRMMirum Pharmaceuticals, I | $11M | 4.4% | +105.1% | 4.5 yr |
| DHRDanaher Corporation | $11M | 4.3% | -7.1% | 1.0 yr |
| BABAAlibaba Group Holding Li | $11M | 4.3% | -3.5% | 2.5 yr |
| SPXCSPX Technologies, Inc. | $10M | 4.1% | +55.3% | 1.0 yr |
| DAKTDaktronics, Inc. | $8M | 3.1% | +60.5% | 2.3 yr |
| KREState Street SPDR S&P Re | $7M | 2.5% | — | 1.0 yr |
| SSNCSS&C Technologies Holdin | $6M | 2.2% | -18.0% | 3.0 yr |
| GWREGuidewire Software, Inc. | $5M | 1.9% | -20.2% | 0.3 yr |
| DELLDell Technologies Inc. | $5M | 1.9% | +83.4% | 1.8 yr |
Portfolio composition (YoY)
Industry mix
Electrical Equipment & Parts25.8%+10.1pp$66M
Asset Management15.6%-1.8pp$40M
Specialty Retail12.8%-6.5pp$33M
Hardware, Equipment & Parts11.8%+5.0pp$30M
Industrial - Machinery9.5%$24M
Banks - Regional4.6%-1.0pp$12M
Biotechnology4.4%+1.0pp$11M
Medical - Diagnostics & Research4.3%+3.8pp$11M
Software - Application4.2%-12.0pp$11M
Computer Hardware1.9%+0.2pp$5M
Country
US95.7%+14.9pp
CN4.3%-14.6pp
Top 5: 59.2% · Top 10: 81.0% · Top 25: 97.5%
Top buys this quarter · 3
| GWRE Guidewire Software, Inc.new | +$5M |
| SGI Somnigroup International Incnew | +$1M |
| AMZN Amazon.com, Inc. | +$22M |
Top sells this quarter · 15
| HON Honeywell International Inc.exit | −$10M |
| YMM Full Truck Alliance Co. Ltd.exit | −$10M |
| VRT Vertiv Holdings Co | −$48M |
| TCBI Texas Capital Bancshares, Inc. | −$4M |
| PSN Parsons Corporation | −$1M |
| BX Blackstone Inc. | −$1M |
| WTM White Mountains Insurance Grouexit | −$1M |
| GHC Graham Holdings Companyexit | −$1M |
| RSG Republic Services, Inc.exit | −$0M |
| ORCL Oracle Corporationexit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $256M | 45 | +36.98% | +17.59% | +19.39% | -0.04B |
| 2025-12-31 | $279M | 66 | +9.76% | +17.72% | -7.96% | -0.00B |
| 2025-09-30 | $287M | 50 | +23.24% | +17.52% | +5.73% | -0.00B |
| 2025-06-30 | $260M | 50 | +20.26% | +14.94% | +5.32% | +0.07B |
| 2025-03-31 | $162M | 45 | +4.51% | +8.30% | -3.79% | +0.01B |
| 2024-12-31 | $176M | 39 | +45.64% | +24.89% | +20.75% | -0.01B |
| 2024-09-30 | $169M | 42 | +52.96% | +36.04% | +16.92% | +0.00B |
| 2024-06-30 | $150M | 38 | +51.53% | +24.49% | +27.04% | +0.00B |
| 2024-03-31 | $144M | 41 | +60.86% | +29.62% | +31.24% | -0.00B |
| 2023-12-31 | $125M | 25 | +18.80% | +26.18% | -7.38% | +0.01B |
| 2023-09-30 | $101M | 26 | +4.88% | +21.57% | -16.69% | +0.00B |
| 2023-06-30 | $89M | 26 | -13.99% | +19.42% | -33.42% | +0.01B |
| 2023-03-31 | $74M | 23 | -24.95% | -7.82% | -17.14% | +0.01B |
| 2022-12-31 | $74M | 22 | -17.82% | -18.17% | +0.35% | +0.00B |
| 2022-09-30 | $67M | 21 | -11.21% | -4.93% | -6.29% | -0.00B |
| 2022-06-30 | $76M | 24 | -5.35% | -16.11% | +10.76% | +0.00B |