Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.84%
adds when stocks drop
when a holding falls −10%+
Middle response
+2.42%
steady accumulation
Rally response
-3.50%
trims into rallies
when a holding rises +10%+
Top positions · 14
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| FFWMFirst Foundation Inc. | $40M | 21.5% | +13.7% | 3.5 yr |
| CBSHCommerce Bancshares, Inc | $35M | 18.8% | -19.4% | 0.3 yr |
| BBTBeacon Financial Corp. | $19M | 10.1% | +19.3% | 4.5 yr |
| CFGCitizens Financial Group | $17M | 8.9% | +51.7% | 4.5 yr |
| PGCPeapack-Gladstone Financ | $13M | 7.2% | +24.9% | 4.5 yr |
| MRBKMeridian Corporation | $12M | 6.6% | +36.2% | 4.5 yr |
| OCFCOceanFirst Financial Cor | $11M | 6.1% | +11.0% | 0.3 yr |
| WNEBWestern New England Banc | $11M | 6.0% | +42.6% | 4.5 yr |
| TCBXThird Coast Bancshares, | $6M | 3.2% | +13.4% | 0.3 yr |
| SBFGSB Financial Group, Inc. | $6M | 3.1% | +3.9% | 4.5 yr |
| USBU.S. Bancorp | $5M | 2.8% | +27.1% | 2.8 yr |
| WALWestern Alliance Bancorp | $5M | 2.7% | -6.0% | 0.3 yr |
| VABKVirginia National Banksh | $5M | 2.6% | +9.8% | 4.5 yr |
| BCMLBayCom Corp | $1M | 0.4% | +22.4% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Banks - Regional87.1%-4.0pp$162M
Asset Management10.1%+1.2pp$19M
Banks - Diversified2.8%$5M
Country
US100.0%+0.0pp
Top 5: 66.4% · Top 10: 91.4% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| CFG | $11M | +0.01B | 51.7% |
| FFWM | $35M | +0.00B | 13.7% |
| WNEB | $8M | +0.00B | 42.6% |
| MRBK | $9M | +0.00B | 36.2% |
| PGC | $11M | +0.00B | 24.9% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $186M | 14 | +20.60% | +17.59% | +3.01% | +0.04B |
| 2025-12-31 | $146M | 12 | +7.51% | +17.72% | -10.21% | -0.01B |
| 2025-09-30 | $141M | 14 | +4.36% | +17.52% | -13.16% | -0.05B |
| 2025-06-30 | $175M | 15 | +10.08% | +14.94% | -4.86% | +0.02B |
| 2025-03-31 | $156M | 13 | +8.00% | +8.30% | -0.31% | +0.01B |
| 2024-12-31 | $155M | 14 | +11.14% | +24.89% | -13.75% | -0.02B |
| 2024-09-30 | $163M | 18 | +33.95% | +36.04% | -2.09% | -0.01B |
| 2024-06-30 | $151M | 22 | +27.29% | +24.49% | +2.80% | +0.00B |
| 2024-03-31 | $153M | 22 | +11.62% | +29.62% | -18.00% | -0.04B |
| 2023-12-31 | $205M | 24 | +0.55% | +26.18% | -25.63% | -0.01B |
| 2023-09-30 | $165M | 25 | -12.29% | +21.57% | -33.86% | -0.00B |
| 2023-06-30 | $153M | 26 | -15.97% | +19.42% | -35.40% | +0.01B |
| 2023-03-31 | $171M | 26 | -14.83% | -7.82% | -7.01% | +0.03B |
| 2022-12-31 | $166M | 22 | +11.27% | +7.56% | +3.71% | -0.00B |
| 2022-09-30 | $150M | 22 | +4.28% | -4.93% | +9.21% | +0.02B |
| 2022-06-30 | $129M | 19 | -13.25% | -16.11% | +2.86% | +0.00B |