Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+4.42%
adds when stocks drop
when a holding falls −10%+
Middle response
-6.29%
baseline attrition
Rally response
-8.16%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SHYiShares 1-3 Year Treasur | $7M | 6.6% | — | 1.5 yr |
| IQVIQVIA Holdings Inc. | $6M | 5.5% | -3.3% | 1.0 yr |
| VVVValvoline Inc. | $5M | 5.1% | -3.2% | 0.8 yr |
| RTORentokil Initial plc | $4M | 4.3% | +39.3% | 1.5 yr |
| LQDiShares iBoxx $ Investme | $4M | 4.0% | — | 1.5 yr |
| SHCSotera Health Company | $4M | 4.0% | +23.0% | 0.8 yr |
| PMPhilip Morris Internatio | $4M | 3.9% | +7.9% | 1.5 yr |
| KOFCoca-Cola FEMSA, S.A.B. | $4M | 3.8% | +11.4% | 1.5 yr |
| GLDSPDR Gold Shares | $4M | 3.7% | — | 1.5 yr |
| MSFTMicrosoft Corporation | $3M | 3.4% | -0.6% | 1.5 yr |
| TMOThermo Fisher Scientific | $3M | 3.4% | -0.9% | 1.0 yr |
| MIDDThe Middleby Corporation | $3M | 3.2% | -12.8% | 0.8 yr |
| DLTRDollar Tree, Inc. | $3M | 2.9% | +45.9% | 1.3 yr |
| HONHoneywell International | $3M | 2.6% | +9.0% | 1.5 yr |
| BBNBlackRock Taxable Munici | $2M | 2.4% | — | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Asset Management19.2%+0.5pp$20M
Medical - Diagnostics & Research14.9%+13.3pp$15M
Asset Management - Bonds6.4%+2.1pp$7M
Oil & Gas Refining & Marketing5.1%$5M
Specialty Business Services4.3%+2.2pp$4M
Software - Infrastructure4.0%+2.0pp$4M
Furnishings, Fixtures & Appliances3.9%$4M
Tobacco3.9%-2.4pp$4M
Beverages - Non-Alcoholic3.8%+0.5pp$4M
Industrial - Machinery3.2%$3M
Country
US87.0%+4.9pp
GB4.9%+2.5pp
MX3.8%+0.5pp
Unknown1.7%-1.3pp
IE1.2%
CA0.8%+0.2pp
CH0.5%+0.1pp
Top 5: 25.5% · Top 10: 44.2% · Top 25: 74.8%
Top buys this quarter · 15
| SHC Sotera Health Company | +$4M |
| MAS Masco Corporationnew | +$2M |
| LEG Leggett & Platt, Incorporatednew | +$2M |
| MSFT Microsoft Corporation | +$2M |
| IQV IQVIA Holdings Inc. | +$6M |
| FND Floor & Decor Holdings, Inc.new | +$1M |
| V Visa Inc. | +$0M |
| WM Waste Management, Inc. | +$0M |
| YUM Yum! Brands, Inc. | +$0M |
| SHEL Shell plc | +$0M |
Top sells this quarter · 15
| PM Philip Morris International In | −$3M |
| AVTR Avantor, Inc.exit | −$2M |
| FMS Fresenius Medical Care AG & Coexit | −$2M |
| DLTR Dollar Tree, Inc. | −$1M |
| RTO Rentokil Initial plc | −$1M |
| VVV Valvoline Inc. | −$5M |
| GOOG Alphabet Inc. | −$1M |
| KOF Coca-Cola FEMSA, S.A.B. de C.V | −$1M |
| NE Noble Corporation Plc | −$1M |
| NATH Nathan's Famous, Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $102M | 73 | +6.23% | +17.59% | -11.36% | -0.01B |
| 2025-12-31 | $114M | 78 | +13.33% | +17.72% | -4.39% | -0.01B |
| 2025-09-30 | $114M | 81 | -0.28% | +8.12% | -8.40% | +0.00B |
| 2025-06-30 | $110M | 76 | +6.40% | +10.78% | -4.38% | -0.02B |
| 2025-03-31 | $123M | 77 | +2.02% | -4.27% | +6.29% | +0.01B |
| 2024-12-31 | $114M | 73 | — | — | — | — |