Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+14.59%
adds when stocks drop
when a holding falls −10%+
Middle response
-9.33%
baseline attrition
Rally response
-9.03%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SEISolaris Energy Infrastru | $15M | 7.8% | +163.1% | 1.5 yr |
| CLSCelestica Inc. | $10M | 4.9% | +257.4% | 1.8 yr |
| — | $9M | 4.7% | — | 0.5 yr |
| OFIXOrthofix Medical Inc. | $9M | 4.6% | -29.7% | 2.5 yr |
| GFFGriffon Corporation | $9M | 4.5% | +2.7% | 0.3 yr |
| TFIITFI International Inc. | $9M | 4.4% | +42.3% | 1.8 yr |
| REZIResideo Technologies, In | $8M | 4.3% | +90.5% | 0.5 yr |
| ACAArcosa, Inc. | $8M | 4.0% | +37.9% | 2.0 yr |
| ATEXAnterix Inc. | $8M | 3.9% | +4.3% | 1.3 yr |
| PUMPProPetro Holding Corp. | $7M | 3.6% | +96.1% | 0.3 yr |
| MIDDThe Middleby Corporation | $7M | 3.4% | -12.8% | 0.5 yr |
| — | $7M | 3.4% | — | 0.3 yr |
| SLMSLM Corporation | $6M | 3.3% | -25.7% | 0.8 yr |
| GLNGGolar LNG Limited | $6M | 3.1% | +45.8% | 1.8 yr |
| SMTCSemtech Corporation | $6M | 2.8% | +123.5% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Oil & Gas Equipment & Services11.4%+2.5pp$22M
Unknown10.9%+0.6pp$21M
Aerospace & Defense6.1%+1.8pp$12M
Auto - Parts5.1%+2.3pp$10M
Hardware, Equipment & Parts4.9%$10M
Communication Equipment4.8%+1.6pp$9M
Medical - Devices4.6%-1.4pp$9M
Conglomerates4.5%$9M
Trucking4.4%+4.0pp$9M
Security & Protection Services4.3%$8M
Country
US66.1%+1.4pp
CA17.9%+4.7pp
Unknown10.9%+0.6pp
BM3.1%-2.8pp
GG2.1%
Top 5: 26.4% · Top 10: 46.6% · Top 25: 87.9%
Top buys this quarter · 15
| GFF Griffon Corporationnew | +$9M |
| PUMP ProPetro Holding Corp.new | +$7M |
| SMTC Semtech Corporationnew | +$6M |
| TSAT Telesat Corporationnew | +$5M |
| CLS Celestica Inc. | +$5M |
| TFII TFI International Inc. | +$4M |
| LULU Lululemon Athletica Inc.new | +$4M |
| REZI Resideo Technologies, Inc. | +$4M |
| SLM SLM Corporation | +$3M |
| SHC Sotera Health Companynew | +$3M |
Top sells this quarter · 15
| NVRI Enviri Corporationexit | −$16M |
| MEOH Methanex Corporation | −$6M |
| ASTL Algoma Steel Group Inc. | −$6M |
| BIO Bio-Rad Laboratories, Inc.exit | −$6M |
| SOLS Solstice Advanced Materials Inexit | −$5M |
| CDNL Cardinal Infrastructure Group exit | −$4M |
| GLNG Golar LNG Limited | −$6M |
| SGRY Surgery Partners, Inc.exit | −$3M |
| ATEX Anterix Inc. | −$6M |
| KD Kyndryl Holdings, Inc.exit | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $195M | 38 | +19.33% | +17.59% | +1.74% | +0.01B |
| 2025-12-31 | $183M | 36 | +2.19% | +17.72% | -15.52% | +0.00B |
| 2025-09-30 | $173M | 33 | +3.36% | +17.52% | -14.16% | -0.02B |
| 2025-06-30 | $184M | 35 | +1.07% | +14.94% | -13.87% | +0.02B |
| 2025-03-31 | $151M | 29 | -6.71% | +8.30% | -15.01% | -0.02B |
| 2024-12-31 | $197M | 35 | +12.48% | +24.89% | -12.41% | +0.01B |
| 2024-09-30 | $174M | 28 | +3.75% | +5.75% | -2.01% | +0.01B |
| 2024-06-30 | $158M | 26 | -2.79% | +4.38% | -7.17% | +0.02B |
| 2024-03-31 | $139M | 24 | +6.52% | +10.39% | -3.88% | +0.00B |
| 2023-12-31 | $128M | 25 | — | — | — | — |