Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-21.78%
trims when stocks drop
when a holding falls −10%+
Middle response
-9.21%
baseline attrition
Rally response
+47.21%
adds into rallies
when a holding rises +10%+
Top positions · 10
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| RSGRepublic Services, Inc. | $30M | 12.4% | -8.9% | 1.5 yr |
| RBCRBC Bearings Incorporate | $28M | 11.5% | +68.8% | 0.3 yr |
| CWCurtiss-Wright Corporati | $28M | 11.4% | +115.0% | 0.5 yr |
| CLHClean Harbors, Inc. | $28M | 11.4% | +45.5% | 0.3 yr |
| SPYState Street SPDR S&P 50 | $27M | 10.9% | +17.6% | 1.3 yr |
| HEI-AHEICO Corporation | $26M | 10.7% | — | 1.5 yr |
| PWRQuanta Services, Inc. | $23M | 9.5% | +116.2% | 0.5 yr |
| RSPInvesco S&P 500 Equal We | $23M | 9.3% | — | 0.5 yr |
| HLTHilton Worldwide Holding | $16M | 6.8% | +33.9% | 0.3 yr |
| LYVLive Nation Entertainmen | $15M | 6.1% | +16.8% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Waste Management23.7%-9.0pp$58M
Aerospace & Defense22.1%+14.7pp$54M
Asset Management20.2%+16.7pp$49M
Manufacturing - Tools & Accessories11.5%$28M
Engineering & Construction9.5%$23M
Travel Lodging6.8%$16M
Entertainment6.1%$15M
Country
US100.0%+19.6pp
Top 5: 57.6% · Top 10: 100.0% · Top 25: 100.0%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| RSG | $33M | -0.00B | -8.9% |
Top buys this quarter · 9
| RBC RBC Bearings Incorporatednew | +$28M |
| CLH Clean Harbors, Inc.new | +$28M |
| HLT Hilton Worldwide Holdings Inc.new | +$16M |
| LYV Live Nation Entertainment, Incnew | +$15M |
| RSG Republic Services, Inc. | +$14M |
| CW Curtiss-Wright Corporation | +$7M |
| SPY State Street SPDR S&P 500 ETF | +$4M |
| PWR Quanta Services, Inc. | +$0M |
| RSP Invesco S&P 500 Equal Weight E | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $243M | 10 | -7.87% | +17.59% | -25.46% | -0.03B |
| 2025-12-31 | $268M | 11 | -0.91% | +17.72% | -18.63% | -0.01B |
| 2025-09-30 | $299M | 10 | -2.02% | +8.12% | -10.15% | +0.07B |
| 2025-06-30 | $229M | 9 | +1.45% | +10.78% | -9.33% | -0.08B |
| 2025-03-31 | $304M | 14 | +8.04% | -4.27% | +12.31% | +0.13B |
| 2024-12-31 | $158M | 12 | — | — | — | — |