Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+9.74%
adds when stocks drop
when a holding falls −10%+
Middle response
+0.92%
steady accumulation
Rally response
+2.41%
adds into rallies
when a holding rises +10%+
Top positions · 11
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CARGCarGurus, Inc. | $84M | 22.7% | +16.9% | 2.5 yr |
| CMECME Group Inc. | $48M | 12.9% | +15.6% | 2.5 yr |
| GTXGarrett Motion Inc. | $41M | 11.0% | +121.3% | 2.5 yr |
| BKNGBooking Holdings Inc. | $37M | 9.8% | -96.3% | 2.5 yr |
| PHINPHINIA Inc. | $26M | 7.0% | +64.6% | 0.5 yr |
| LYFTLyft, Inc. | $25M | 6.8% | +12.0% | 0.3 yr |
| CPRTCopart, Inc. | $23M | 6.3% | -41.3% | 0.5 yr |
| PAYXPaychex, Inc. | $23M | 6.1% | -38.2% | 0.3 yr |
| HRBH&R Block, Inc. | $23M | 6.1% | -40.0% | 2.5 yr |
| CARRCarrier Global Corporati | $22M | 6.0% | -9.9% | 0.5 yr |
| VVisa Inc. | $20M | 5.3% | -13.1% | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Auto - Dealerships22.7%+8.9pp$84M
Auto - Parts18.0%-3.9pp$67M
Financial - Data & Stock Exchanges12.9%-0.5pp$48M
Travel Services9.8%+0.2pp$37M
Software - Application6.8%$25M
Specialty Business Services6.3%$23M
Staffing & Employment Services6.1%$23M
Personal Products & Services6.1%-2.5pp$23M
Industrial - Machinery6.0%$22M
Financial - Credit Services5.3%-2.4pp$20M
Country
US89.0%+10.5pp
CH11.0%+1.8pp
Top 5: 63.5% · Top 10: 94.7% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $371M | 11 | -3.32% | +17.59% | -20.91% | +0.08B |
| 2025-12-31 | $346M | 11 | +7.22% | +17.72% | -10.50% | +0.04B |
| 2025-09-30 | $294M | 9 | +7.71% | +17.52% | -9.81% | -0.00B |
| 2025-06-30 | $289M | 10 | +14.74% | +14.94% | -0.20% | -0.03B |
| 2025-03-31 | $296M | 11 | +3.45% | +8.30% | -4.85% | -0.02B |
| 2024-12-31 | $342M | 12 | +15.63% | +24.89% | -9.25% | +0.03B |
| 2024-09-30 | $301M | 12 | +10.21% | +5.75% | +4.46% | -0.05B |
| 2024-06-30 | $317M | 14 | -2.78% | +4.38% | -7.16% | +0.03B |
| 2024-03-31 | $295M | 14 | +4.63% | +10.39% | -5.76% | +0.01B |
| 2023-12-31 | $268M | 14 | — | — | — | — |