Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.30%
trims when stocks drop
when a holding falls −10%+
Middle response
-3.76%
baseline attrition
Rally response
-5.30%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VIAVViavi Solutions Inc. | $47M | 2.3% | +197.4% | 4.3 yr |
| PRPermian Resources Corpor | $41M | 2.0% | +60.4% | 2.8 yr |
| RRXRegal Rexnord Corporatio | $41M | 2.0% | +65.7% | 4.3 yr |
| CLHClean Harbors, Inc. | $40M | 2.0% | +45.5% | 4.3 yr |
| EHCEncompass Health Corpora | $33M | 1.6% | -4.1% | 4.3 yr |
| ADCAgree Realty Corporation | $30M | 1.5% | +1.5% | 2.0 yr |
| HXLHexcel Corporation | $28M | 1.4% | +49.4% | 4.3 yr |
| SXIStandex International Co | $27M | 1.3% | +58.9% | 4.3 yr |
| NPOEnPro Industries, Inc. | $27M | 1.3% | +55.8% | 4.3 yr |
| NMRKNewmark Group, Inc. | $26M | 1.3% | +24.2% | 4.3 yr |
| KEYSKeysight Technologies, I | $26M | 1.3% | +88.5% | 2.8 yr |
| SLABSilicon Laboratories Inc | $26M | 1.3% | +84.9% | 2.8 yr |
| GTESGates Industrial Corpora | $25M | 1.2% | +22.8% | 4.3 yr |
| LITELumentum Holdings Inc. | $25M | 1.2% | +1027.3% | 4.3 yr |
| COLBColumbia Banking System, | $24M | 1.2% | +16.1% | 3.3 yr |
Portfolio composition (YoY)
Industry mix
Banks - Regional13.2%-0.2pp$268M
Industrial - Machinery8.7%+2.0pp$177M
Communication Equipment5.1%+1.4pp$103M
Regulated Electric4.5%-0.6pp$91M
Oil & Gas Exploration & Production3.8%+0.7pp$77M
Chemicals - Specialty3.0%+0.2pp$60M
Semiconductors2.9%+1.6pp$60M
Medical - Care Facilities2.8%-0.2pp$57M
Information Technology Services2.7%-0.8pp$55M
Waste Management2.7%+0.8pp$55M
Country
US98.3%+0.5pp
GB0.5%-0.2pp
IE0.4%-0.3pp
BM0.4%-0.4pp
Unknown0.4%
Top 5: 10.0% · Top 10: 16.8% · Top 25: 34.1%
Top buys this quarter · 15
| SFNC Simmons First National Corporanew | +$16M |
| SM SM Energy Companynew | +$13M |
| HLIO Helios Technologies, Inc.new | +$10M |
| BLD TopBuild Corp.new | +$9M |
| PFGC Performance Food Group Company | +$8M |
| RL Ralph Lauren Corporationnew | +$7M |
| GPI Group 1 Automotive, Inc. | +$6M |
| KFY Korn Ferry | +$6M |
| RCL Royal Caribbean Cruises Ltd.new | +$6M |
| MUSA Murphy USA Inc. | +$4M |
Top sells this quarter · 15
| LITE Lumentum Holdings Inc. | −$56M |
| FHN First Horizon Corporation | −$16M |
| HAS Hasbro, Inc.exit | −$12M |
| DLTR Dollar Tree, Inc.exit | −$7M |
| VIAV Viavi Solutions Inc. | −$29M |
| TSN Tyson Foods, Inc.exit | −$6M |
| CASY Casey's General Stores, Inc. | −$4M |
| HUM Humana Inc. | −$3M |
| RRX Regal Rexnord Corporation | −$33M |
| KEYS Keysight Technologies, Inc. | −$20M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $2.03B | 142 | +25.93% | +17.59% | +8.34% | -0.09B |
| 2025-12-31 | $1.98B | 141 | +13.66% | +17.72% | -4.06% | -0.08B |
| 2025-09-30 | $1.96B | 142 | +7.49% | +17.52% | -10.03% | -0.06B |
| 2025-06-30 | $1.88B | 141 | +10.15% | +14.94% | -4.79% | -0.08B |
| 2025-03-31 | $1.88B | 143 | +1.75% | +8.30% | -6.55% | -0.06B |
| 2024-12-31 | $2.01B | 145 | +12.57% | +24.89% | -12.31% | -0.14B |
| 2024-09-30 | $2.16B | 145 | +26.22% | +36.04% | -9.82% | -0.24B |
| 2024-06-30 | $2.18B | 145 | +10.89% | +24.49% | -13.60% | +0.00B |
| 2024-03-31 | $2.26B | 146 | +17.52% | +29.62% | -12.11% | -0.02B |
| 2023-12-31 | $2.13B | 144 | +10.62% | +26.18% | -15.56% | -0.05B |
| 2023-09-30 | $1.96B | 144 | +9.08% | +21.57% | -12.49% | -0.10B |
| 2023-06-30 | $2.13B | 142 | +10.29% | +19.42% | -9.13% | -0.11B |
| 2023-03-31 | $2.19B | 141 | -5.10% | -7.82% | +2.72% | -0.08B |
| 2022-12-31 | $2.26B | 141 | +10.03% | +7.56% | +2.46% | -0.05B |
| 2022-09-30 | $2.10B | 140 | -2.33% | -4.93% | +2.60% | -0.04B |
| 2022-06-30 | $2.19B | 143 | -12.23% | -16.11% | +3.89% | -0.03B |