Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+8.99%
adds when stocks drop
when a holding falls −10%+
Middle response
-4.97%
baseline attrition
Rally response
-7.63%
trims into rallies
when a holding rises +10%+
Top positions · 10
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MRCYMercury Systems, Inc. | $299M | 18.6% | +69.2% | 2.8 yr |
| 0I3I.LThe Cooper Companies, In | $255M | 15.9% | -15.3% | 0.8 yr |
| FIFiserv, Inc. | $248M | 15.4% | — | 0.5 yr |
| SPYState Street SPDR S&P 50 | $223M | 13.9% | +17.6% | 2.8 yr |
| LWLamb Weston Holdings, In | $212M | 13.2% | -18.5% | 1.8 yr |
| MKLMarkel Corporation | $144M | 9.0% | +2.4% | 1.5 yr |
| ALKTAlkami Technology, Inc. | $85M | 5.3% | -40.3% | 0.8 yr |
| — | $73M | 4.5% | — | 0.8 yr |
| RPDRapid7, Inc. | $37M | 2.3% | -79.2% | 2.0 yr |
| EHABEnhabit, Inc. | $29M | 1.8% | +60.3% | 2.8 yr |
Portfolio composition (YoY)
Industry mix
Aerospace & Defense18.6%+3.2pp$299M
Medical - Instruments & Supplies15.9%$255M
Information Technology Services15.4%+13.5pp$248M
Asset Management13.9%-1.7pp$223M
Packaged Foods13.2%-18.8pp$212M
Insurance - Property & Casualty9.0%-6.1pp$144M
Software - Application5.3%$85M
Unknown4.5%$73M
Software - Infrastructure2.3%-3.3pp$37M
Medical - Care Facilities1.8%+0.9pp$29M
Country
US95.5%-4.5pp
Unknown4.5%
Top 5: 77.0% · 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 | $1.61B | 10 | +3.15% | +17.59% | -14.44% | -0.12B |
| 2025-12-31 | $1.92B | 12 | +2.98% | +17.72% | -14.73% | -0.09B |
| 2025-09-30 | $2.07B | 12 | +12.88% | +17.52% | -4.64% | -0.12B |
| 2025-06-30 | $1.99B | 10 | +11.14% | +14.94% | -3.80% | -0.09B |
| 2025-03-31 | $1.94B | 10 | -1.85% | +8.30% | -10.15% | +0.22B |
| 2024-12-31 | $1.91B | 10 | +23.35% | +24.89% | -1.53% | +0.02B |
| 2024-09-30 | $1.78B | 11 | +28.96% | +36.04% | -7.08% | -0.07B |
| 2024-06-30 | $1.71B | 12 | -4.97% | +4.38% | -9.35% | -0.03B |
| 2024-03-31 | $1.83B | 10 | +12.76% | +10.39% | +2.37% | +0.08B |
| 2023-12-31 | $1.55B | 8 | +11.56% | +11.64% | -0.08% | -0.01B |
| 2023-09-30 | $1.40B | 9 | — | — | — | — |