Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+9.98%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.77%
steady accumulation
Rally response
-10.99%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| DLBDolby Laboratories, Inc. | $2M | 0.5% | -23.7% | 1.0 yr |
| SDGRSchrödinger, Inc. | $2M | 0.5% | -42.5% | 1.3 yr |
| ROPRoper Technologies, Inc. | $2M | 0.5% | -39.7% | 0.8 yr |
| TICTIC Solutions, Inc. | $2M | 0.5% | -40.8% | 0.5 yr |
| HLIOHelios Technologies, Inc | $2M | 0.5% | +103.5% | 2.0 yr |
| NWSANews Corporation | $2M | 0.4% | -7.7% | 1.3 yr |
| HEIHEICO Corporation | $2M | 0.4% | +2.7% | 1.5 yr |
| TJXThe TJX Companies, Inc. | $2M | 0.4% | +32.7% | 2.0 yr |
| BACBank of America Corporat | $2M | 0.4% | +19.4% | 2.0 yr |
| CNPCenterPoint Energy, Inc. | $1M | 0.4% | +21.9% | 0.8 yr |
| HOGHarley-Davidson, Inc. | $1M | 0.4% | -17.3% | 1.0 yr |
| JEFJefferies Financial Grou | $1M | 0.4% | -20.7% | 1.3 yr |
| KNKnowles Corporation | $1M | 0.4% | +68.9% | 1.0 yr |
| CDNSCadence Design Systems, | $1M | 0.4% | +9.3% | 0.5 yr |
| WCNWaste Connections, Inc. | $1M | 0.4% | -16.2% | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Biotechnology6.3%-0.1pp$21M
Banks - Regional6.0%+1.9pp$20M
Software - Application3.7%-1.5pp$12M
Hardware, Equipment & Parts3.4%+0.1pp$12M
Industrial - Machinery2.8%+0.6pp$10M
Aerospace & Defense2.7%+0.2pp$9M
Semiconductors2.6%-0.3pp$9M
Regulated Electric2.2%+1.2pp$8M
Medical - Care Facilities2.0%+0.7pp$7M
Information Technology Services1.9%+0.2pp$7M
Country
US93.1%+0.1pp
Unknown1.4%-0.6pp
GB1.2%+0.3pp
BM1.1%+0.3pp
CA0.8%+0.1pp
CO0.5%+0.1pp
KY0.4%
JP0.4%+0.3pp
Top 5: 2.3% · Top 10: 4.5% · Top 25: 10.6%
Top buys this quarter · 15
| TIC TIC Solutions, Inc. | +$1M |
| HD The Home Depot, Inc.new | +$1M |
| SARO StandardAero, Inc.new | +$1M |
| DLB Dolby Laboratories, Inc. | +$1M |
| WCN Waste Connections, Inc. | +$1M |
| EXC Exelon Corporation | +$1M |
| PAYC Paycom Software, Inc.new | +$1M |
| INVH Invitation Homes Inc. | +$1M |
| HEI HEICO Corporation | +$1M |
| SDGR Schrödinger, Inc. | +$1M |
Top sells this quarter · 15
| TGT Target Corporationexit | −$2M |
| HLX Helix Energy Solutions Group, exit | −$2M |
| IPGP IPG Photonics Corporation | −$1M |
| CF CF Industries Holdings, Inc.exit | −$1M |
| SCHW The Charles Schwab Corporationexit | −$1M |
| SCI Service Corporation Internatioexit | −$1M |
| COP ConocoPhillipsexit | −$1M |
| STT State Street Corporationexit | −$1M |
| FN Fabrinet | −$1M |
| FMC FMC Corporationexit | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $338M | 728 | +23.27% | +17.59% | +5.68% | +0.07B |
| 2025-12-31 | $255M | 636 | +11.05% | +17.72% | -6.67% | -0.01B |
| 2025-09-30 | $257M | 640 | +7.78% | +17.52% | -9.74% | +0.04B |
| 2025-06-30 | $199M | 588 | +3.31% | +14.94% | -11.63% | -0.03B |
| 2025-03-31 | $218M | 649 | -5.62% | +8.30% | -13.92% | -0.00B |
| 2024-12-31 | $237M | 690 | +2.12% | +24.89% | -22.77% | +0.06B |
| 2024-09-30 | $174M | 589 | +3.40% | +5.75% | -2.35% | +0.10B |
| 2024-06-30 | $68M | 818 | -3.63% | +4.38% | -8.01% | -0.04B |
| 2024-03-31 | $111M | 1382 | +1.62% | +10.39% | -8.77% | +0.01B |
| 2023-12-31 | $104M | 1326 | — | — | — | — |