Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.80%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.99%
baseline attrition
Rally response
-3.09%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VGSHVanguard Short-Term Trea | $10M | 5.0% | — | 6.5 yr |
| SHYiShares 1-3 Year Treasur | $7M | 3.9% | — | 6.5 yr |
| ISTBiShares Core 1-5 Year US | $7M | 3.6% | — | 1.8 yr |
| IEIiShares 3-7 Year Treasur | $5M | 2.9% | — | 6.5 yr |
| IEFiShares 7-10 Year Treasu | $5M | 2.8% | — | 6.5 yr |
| MINTPIMCO Enhanced Short Mat | $5M | 2.5% | — | 6.5 yr |
| NEARiShares Short Duration B | $5M | 2.4% | — | 6.5 yr |
| ENSGThe Ensign Group, Inc. | $4M | 2.0% | +55.9% | 6.5 yr |
| BILState Street SPDR Bloomb | $4M | 1.9% | — | 5.0 yr |
| MPWRMonolithic Power Systems | $4M | 1.9% | +89.6% | 5.5 yr |
| SGOViShares 0-3 Month Treasu | $3M | 1.8% | — | 3.3 yr |
| CGNXCognex Corporation | $3M | 1.5% | +65.5% | 6.5 yr |
| APHAmphenol Corporation | $3M | 1.4% | +93.6% | 4.0 yr |
| EBSEmergent BioSolutions In | $3M | 1.3% | +70.8% | 4.5 yr |
| LOWLowe's Companies, Inc. | $2M | 1.3% | +3.4% | 6.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management14.3%+4.6pp$27M
Asset Management - Bonds12.9%+0.8pp$25M
Asset Management - Leveraged7.5%-2.5pp$14M
Semiconductors6.7%+2.6pp$13M
Biotechnology5.4%-2.1pp$10M
Hardware, Equipment & Parts3.4%+0.6pp$7M
Industrial - Machinery3.2%+0.5pp$6M
REIT - Retail2.4%-0.3pp$5M
Oil & Gas Exploration & Production2.3%+0.4pp$4M
Medical - Care Facilities2.0%-0.0pp$4M
Country
US96.3%+1.6pp
IE1.3%+0.5pp
Unknown0.8%+0.1pp
GB0.8%-0.9pp
IL0.5%-0.4pp
CA0.3%-0.1pp
Top 5: 18.2% · Top 10: 28.8% · Top 25: 47.7%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| GEV | $1M | +0.00B | 186.8% |
| ENSG | $3M | +0.00B | 55.9% |
| APH | $2M | +0.00B | 93.6% |
| MPWR | $2M | +0.00B | 89.6% |
| EBS | $2M | +0.00B | 70.8% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| URI United Rentals, Inc. | +$0M |
| NI NiSource Inc.new | +$0M |
| BE Bloom Energy Corporationnew | +$0M |
| CAT Caterpillar Inc.new | +$0M |
| PANW Palo Alto Networks, Inc. | +$0M |
| CEG Constellation Energy Corporati | +$1M |
| AVGO Broadcom Inc. | +$0M |
| FAST Fastenal Company | +$0M |
| BBNX Beta Bionics, Inc. | +$0M |
| PCVX Vaxcyte, Inc. | +$0M |
Top sells this quarter · 15
| ASML ASML Holding N.V.exit | −$1M |
| GEV GE Vernova Inc. | −$1M |
| VRT Vertiv Holdings Co | −$1M |
| ARGX argenx SEexit | −$1M |
| MIRM Mirum Pharmaceuticals, Inc. | −$1M |
| TSM Taiwan Semiconductor Manufactuexit | −$1M |
| LNG Cheniere Energy, Inc.exit | −$1M |
| SITM SiTime Corporation | −$0M |
| SPGI S&P Global Inc. | −$0M |
| SAP SAP SEexit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $191M | 176 | +15.17% | +17.59% | -2.42% | -0.00B |
| 2025-12-31 | $192M | 178 | +8.67% | +17.72% | -9.04% | +0.01B |
| 2025-09-30 | $186M | 168 | +1.77% | +17.52% | -15.75% | -0.01B |
| 2025-06-30 | $183M | 177 | +5.81% | +14.94% | -9.13% | -0.00B |
| 2025-03-31 | $171M | 178 | -4.49% | +8.30% | -12.79% | -0.00B |
| 2024-12-31 | $181M | 219 | +4.64% | +24.89% | -20.25% | +0.01B |
| 2024-09-30 | $183M | 268 | +25.40% | +36.04% | -10.64% | +0.00B |
| 2024-06-30 | $166M | 166 | +7.48% | +24.49% | -17.02% | -0.00B |
| 2024-03-31 | $170M | 164 | +17.49% | +29.62% | -12.13% | -0.00B |
| 2023-12-31 | $165M | 161 | +16.48% | +26.18% | -9.70% | -0.01B |
| 2023-09-30 | $154M | 160 | +12.33% | +21.57% | -9.24% | -0.00B |
| 2023-06-30 | $165M | 167 | +16.08% | +19.42% | -3.34% | -0.00B |
| 2023-03-31 | $156M | 362 | -10.12% | -7.82% | -2.30% | +0.01B |
| 2022-12-31 | $141M | 154 | +7.78% | +7.56% | +0.22% | -0.01B |
| 2022-09-30 | $136M | 152 | -3.09% | -4.93% | +1.84% | +0.00B |
| 2022-06-30 | $138M | 153 | -16.79% | -16.11% | -0.68% | +0.01B |