Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+5.25%
adds when stocks drop
when a holding falls −10%+
Middle response
-3.02%
baseline attrition
Rally response
-9.21%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| PDFSPDF Solutions, Inc. | $30M | 13.0% | +71.2% | 2.5 yr |
| AIPArteris, Inc. | $19M | 8.1% | +137.9% | 2.5 yr |
| GENIGenius Sports Limited | $17M | 7.2% | -55.7% | 2.5 yr |
| INSEInspired Entertainment, | $14M | 6.3% | -16.5% | 2.5 yr |
| PWFLPowerFleet, Inc. | $12M | 5.3% | — | 1.5 yr |
| SLBSLB N.V. | $12M | 5.0% | +26.7% | 2.0 yr |
| CGNTCognyte Software Ltd. | $8M | 3.4% | +3.8% | 0.8 yr |
| ZETAZeta Global Holdings Cor | $8M | 3.3% | +17.4% | 2.0 yr |
| BRK-BBerkshire Hathaway Inc. | $7M | 3.1% | — | 2.5 yr |
| QXOQXO, Inc. | $6M | 2.7% | +43.4% | 0.8 yr |
| KMIKinder Morgan, Inc. | $6M | 2.6% | +22.6% | 2.5 yr |
| RMNIRimini Street, Inc. | $5M | 2.3% | -5.7% | 1.3 yr |
| PXP10, Inc. | $5M | 2.2% | -37.3% | 2.5 yr |
| AZNAstraZeneca PLC | $5M | 2.1% | +36.2% | 0.3 yr |
| PACKRanpak Holdings Corp. | $5M | 2.1% | -34.1% | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Software - Application21.2%+10.3pp$49M
Semiconductors10.2%+7.3pp$24M
Internet Content & Information7.6%-14.0pp$18M
Gambling, Resorts & Casinos6.3%-0.9pp$14M
Asset Management5.8%-3.7pp$13M
Communication Equipment5.3%+0.4pp$12M
Oil & Gas Equipment & Services5.0%+1.2pp$12M
Oil & Gas Midstream4.4%+1.7pp$10M
Drug Manufacturers - General4.3%+2.4pp$10M
Software - Infrastructure3.9%+3.1pp$9M
Country
US85.9%-1.1pp
GB9.3%-0.2pp
IL3.4%
Unknown1.4%-1.9pp
Top 5: 39.9% · Top 10: 57.4% · Top 25: 83.7%
Top buys this quarter · 15
| GENI Genius Sports Limited | +$17M |
| AZN AstraZeneca PLCnew | +$5M |
| PAR PAR Technology Corporationnew | +$4M |
| PACK Ranpak Holdings Corp. | +$2M |
| AMBA Ambarella, Inc.new | +$2M |
| INSE Inspired Entertainment, Inc. | +$14M |
| AIP Arteris, Inc. | +$2M |
| BLND Blend Labs, Inc.new | +$2M |
| WM Waste Management, Inc.new | +$2M |
| RMNI Rimini Street, Inc. | +$1M |
Top sells this quarter · 15
| PDFS PDF Solutions, Inc. | −$8M |
| PRMB Primo Brands Corporation | −$4M |
| TTGT TechTarget, Inc.exit | −$4M |
| NEOG Neogen Corporation | −$2M |
| CCI Crown Castle Inc.exit | −$1M |
| PAYX Paychex, Inc.exit | −$1M |
| EMR Emerson Electric Co. | −$1M |
| XYL Xylem Inc. | −$1M |
| Q Qnity Electronics, Inc. | −$2M |
| ZETA Zeta Global Holdings Corp. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $231M | 55 | +1.14% | +17.59% | -16.46% | -0.01B |
| 2025-12-31 | $259M | 56 | -3.27% | +17.72% | -20.99% | -0.01B |
| 2025-09-30 | $262M | 59 | -11.81% | +17.52% | -29.33% | +0.01B |
| 2025-06-30 | $237M | 58 | -11.35% | +14.94% | -26.29% | -0.00B |
| 2025-03-31 | $236M | 57 | -11.38% | +8.30% | -19.68% | +0.00B |
| 2024-12-31 | $265M | 54 | +5.93% | +24.89% | -18.96% | -0.01B |
| 2024-09-30 | $290M | 53 | +6.47% | +5.75% | +0.72% | +0.01B |
| 2024-06-30 | $267M | 52 | +1.32% | +4.38% | -3.06% | -0.02B |
| 2024-03-31 | $283M | 54 | +5.03% | +10.39% | -5.36% | -0.01B |
| 2023-12-31 | $281M | 49 | — | — | — | — |