Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-7.77%
trims when stocks drop
when a holding falls −10%+
Middle response
-19.96%
baseline attrition
Rally response
+0.76%
adds into rallies
when a holding rises +10%+
Top positions · 14
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| FSLRFirst Solar, Inc. | $281M | 23.1% | +56.0% | 4.5 yr |
| SWKStanley Black & Decker, | $185M | 15.2% | -3.1% | 4.0 yr |
| EMREmerson Electric Co. | $160M | 13.1% | +21.5% | 2.5 yr |
| NVTnVent Electric plc | $142M | 11.7% | +127.9% | 4.5 yr |
| OCOwens Corning | $62M | 5.1% | -22.3% | 0.8 yr |
| FANGDiamondback Energy, Inc. | $57M | 4.6% | +27.1% | 0.3 yr |
| OTISOtis Worldwide Corporati | $55M | 4.5% | -23.9% | 2.5 yr |
| PNRPentair plc | $49M | 4.0% | +0.6% | 1.0 yr |
| EQTEQT Corporation | $47M | 3.9% | +20.5% | 1.0 yr |
| RALRalliant Corp. | $47M | 3.9% | — | 1.0 yr |
| FTVFortive Corporation | $40M | 3.3% | +0.7% | 1.5 yr |
| TKRThe Timken Company | $33M | 2.7% | +42.3% | 0.3 yr |
| ETNEaton Corporation plc | $32M | 2.6% | +33.2% | 3.8 yr |
| WCCWESCO International, Inc | $28M | 2.3% | +77.6% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Industrial - Machinery27.5%+4.6pp$336M
Solar23.1%+10.0pp$281M
Manufacturing - Tools & Accessories17.9%+3.1pp$218M
Electrical Equipment & Parts11.7%-4.9pp$142M
Oil & Gas Exploration & Production8.5%+2.7pp$104M
Construction5.1%$62M
Aerospace & Defense3.9%$47M
Industrial - Distribution2.3%-2.2pp$28M
Country
US81.7%+4.2pp
GB15.7%-0.9pp
IE2.6%-3.3pp
Top 5: 68.1% · Top 10: 89.1% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| NVT | $118M | +0.15B | 127.9% |
| FSLR | $93M | +0.05B | 56.0% |
| WCC | $32M | +0.02B | 77.6% |
| EMR | $73M | +0.02B | 21.5% |
| ETN | $42M | +0.01B | 33.2% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| SWK | $106M | -0.00B | -3.1% |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.22B | 14 | +29.73% | +17.59% | +12.14% | +0.07B |
| 2025-12-31 | $1.20B | 11 | +18.22% | +17.72% | +0.50% | +0.05B |
| 2025-09-30 | $1.09B | 13 | +7.73% | +17.52% | -9.79% | -0.03B |
| 2025-06-30 | $1.02B | 16 | +12.61% | +14.94% | -2.33% | +0.18B |
| 2025-03-31 | $715M | 12 | +0.43% | +8.30% | -7.88% | -0.14B |
| 2024-12-31 | $976M | 15 | +28.18% | +24.89% | +3.30% | +0.11B |
| 2024-09-30 | $902M | 11 | +48.33% | +36.04% | +12.29% | -1.21B |
| 2024-06-30 | $1.84B | 12 | +27.20% | +24.49% | +2.71% | +0.79B |
| 2024-03-31 | $1.01B | 12 | +27.98% | +29.62% | -1.64% | -0.12B |
| 2023-12-31 | $1.01B | 12 | +43.96% | +26.18% | +17.78% | +0.25B |
| 2023-09-30 | $687M | 6 | +38.11% | +21.57% | +16.54% | -0.03B |
| 2023-06-30 | $732M | 12 | +46.45% | +19.42% | +27.02% | -0.04B |
| 2023-03-31 | $736M | 11 | +24.21% | -7.82% | +32.03% | -0.05B |
| 2022-12-31 | $626M | 11 | +6.28% | +7.56% | -1.28% | -0.05B |
| 2022-09-30 | $634M | 16 | +4.41% | -4.93% | +9.34% | +0.09B |
| 2022-06-30 | $517M | 12 | -10.74% | -16.11% | +5.37% | -0.01B |