Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.53%
trims when stocks drop
when a holding falls −10%+
Middle response
+2.66%
steady accumulation
Rally response
-7.85%
trims into rallies
when a holding rises +10%+
Top positions · 9
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| HXLHexcel Corporation | $53M | 22.8% | +49.4% | 0.8 yr |
| CCThe Chemours Company | $38M | 16.3% | +67.0% | 1.8 yr |
| NGVTIngevity Corporation | $37M | 15.9% | +79.9% | 1.8 yr |
| POWLPowell Industries, Inc. | $35M | 15.2% | +6.3% | 0.8 yr |
| TNCTennant Company | $26M | 11.2% | -15.3% | 1.5 yr |
| VVVValvoline Inc. | $20M | 8.5% | -3.2% | 0.5 yr |
| CZRCaesars Entertainment, I | $10M | 4.1% | +5.7% | 2.5 yr |
| VSTSVestis Corporation | $8M | 3.4% | -20.6% | 2.5 yr |
| MGRCMcGrath RentCorp | $6M | 2.6% | +0.7% | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Chemicals - Specialty32.2%+10.5pp$75M
Aerospace & Defense22.8%-13.5pp$53M
Electrical Equipment & Parts15.2%$35M
Industrial - Machinery11.2%+4.5pp$26M
Oil & Gas Refining & Marketing8.5%$20M
Rental & Leasing Services6.0%-12.9pp$14M
Gambling, Resorts & Casinos4.1%-5.5pp$10M
Country
US100.0%+0.0pp
Top 5: 81.4% · Top 10: 100.0% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $232M | 9 | +8.68% | +17.59% | -8.92% | +0.03B |
| 2025-12-31 | $178M | 10 | -19.13% | +17.72% | -36.84% | +0.02B |
| 2025-09-30 | $159M | 11 | -28.41% | +17.52% | -45.93% | -0.03B |
| 2025-06-30 | $167M | 9 | -30.86% | +14.94% | -45.80% | +0.02B |
| 2025-03-31 | $173M | 8 | -34.31% | +8.30% | -42.62% | +0.02B |
| 2024-12-31 | $187M | 10 | -15.97% | +24.89% | -40.85% | +0.06B |
| 2024-09-30 | $147M | 8 | +7.54% | +5.75% | +1.78% | -0.01B |
| 2024-06-30 | $147M | 6 | -17.41% | +4.38% | -21.79% | +0.01B |
| 2024-03-31 | $171M | 7 | +6.90% | +10.39% | -3.49% | -0.01B |
| 2023-12-31 | $168M | 8 | — | — | — | — |