Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+6.89%
adds when stocks drop
when a holding falls −10%+
Middle response
+4.12%
steady accumulation
Rally response
-0.08%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NRPNatural Resource Partner | $9M | 4.1% | +20.0% | 2.8 yr |
| ECVTEcovyst Inc. | $7M | 3.2% | +107.4% | 2.8 yr |
| AZZAZZ Inc. | $7M | 3.1% | +50.8% | 2.8 yr |
| RGLDRoyal Gold, Inc. | $7M | 3.0% | +56.8% | 1.3 yr |
| SEISolaris Energy Infrastru | $7M | 2.9% | +163.1% | 2.8 yr |
| CLMBClimb Global Solutions, | $6M | 2.8% | -82.0% | 2.8 yr |
| CVCOCavco Industries, Inc. | $6M | 2.6% | -6.8% | 2.8 yr |
| MBINMerchants Bancorp | $6M | 2.6% | +17.3% | 1.0 yr |
| TPBTurning Point Brands, In | $6M | 2.6% | +46.5% | 1.8 yr |
| CBNKCapital Bancorp, Inc. | $6M | 2.5% | +6.5% | 2.8 yr |
| KOSKosmos Energy Ltd. | $6M | 2.5% | +21.9% | 2.8 yr |
| AGMFederal Agricultural Mor | $6M | 2.5% | -18.1% | 2.8 yr |
| PATKPatrick Industries, Inc. | $6M | 2.5% | +33.5% | 2.3 yr |
| LSTRLandstar System, Inc. | $5M | 2.4% | +9.5% | 2.8 yr |
| GEOThe GEO Group, Inc. | $5M | 2.4% | -42.5% | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Manufacturing - Metal Fabrication7.2%+2.6pp$16M
Coal7.2%+0.5pp$16M
Banks - Regional6.6%+3.7pp$15M
Security & Protection Services4.8%-0.2pp$11M
Oil & Gas Exploration & Production4.7%+2.1pp$11M
Chemicals - Specialty4.5%+1.7pp$10M
Medical - Devices3.0%+1.3pp$7M
Gold3.0%+0.7pp$7M
Oil & Gas Equipment & Services2.9%-0.5pp$7M
Communication Equipment2.9%+0.6pp$6M
Country
US93.6%+5.1pp
FR1.9%
GB1.6%+0.0pp
CA1.6%-0.1pp
BM1.4%-0.6pp
Top 5: 16.3% · Top 10: 29.4% · Top 25: 63.0%
Top buys this quarter · 15
| CLMB Climb Global Solutions, Inc. | +$6M |
| SPSC SPS Commerce, Inc.new | +$2M |
| CCSI Consensus Cloud Solutions, Inc | +$1M |
| GEO The GEO Group, Inc. | +$1M |
| CRTO Criteo S.A. | +$1M |
| CBT Cabot Corporation | +$1M |
| MLI Mueller Industries, Inc. | +$1M |
| QDEL QuidelOrtho Corporation | +$2M |
| KOS Kosmos Energy Ltd. | +$1M |
| RCMT RCM Technologies, Inc. | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $225M | 52 | +14.98% | +17.59% | -2.62% | +0.01B |
| 2025-12-31 | $212M | 52 | +6.58% | +17.72% | -11.14% | -0.01B |
| 2025-09-30 | $219M | 54 | +16.29% | +17.52% | -1.23% | +0.00B |
| 2025-06-30 | $192M | 54 | +12.99% | +14.94% | -1.95% | -0.00B |
| 2025-03-31 | $190M | 54 | +2.36% | +8.30% | -5.95% | +0.00B |
| 2024-12-31 | $202M | 53 | +14.91% | +24.89% | -9.98% | -0.01B |
| 2024-09-30 | $196M | 49 | +14.69% | +36.04% | -21.34% | -0.00B |
| 2024-06-30 | $184M | 51 | -6.45% | +4.38% | -10.83% | +0.01B |
| 2024-03-31 | $185M | 51 | +3.45% | +10.39% | -6.94% | +0.02B |
| 2023-12-31 | $157M | 48 | +9.44% | +11.64% | -2.20% | +0.04B |
| 2023-09-30 | $108M | 52 | — | — | — | — |