Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-0.65%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.76%
baseline attrition
Rally response
-2.84%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MTDRMatador Resources Compan | $21M | 12.9% | +27.6% | 2.5 yr |
| AAPLApple Inc. | $14M | 8.4% | +14.7% | 2.5 yr |
| MSFTMicrosoft Corporation | $12M | 7.6% | -0.6% | 2.5 yr |
| GOOGAlphabet Inc. | $10M | 6.3% | +84.3% | 2.5 yr |
| — | $7M | 4.6% | — | 2.5 yr |
| BSMBlack Stone Minerals, L. | $5M | 3.0% | +8.9% | 2.5 yr |
| GDGeneral Dynamics Corpora | $5M | 3.0% | +27.8% | 2.5 yr |
| ROSTRoss Stores, Inc. | $5M | 2.8% | +71.2% | 2.5 yr |
| ORCLOracle Corporation | $4M | 2.7% | +5.9% | 2.5 yr |
| GSThe Goldman Sachs Group, | $4M | 2.6% | +58.1% | 2.5 yr |
| TFPM.TOTriple Flag Precious Met | $4M | 2.6% | +76.9% | 2.5 yr |
| EQIXEquinix, Inc. | $4M | 2.5% | +23.0% | 1.5 yr |
| XOMExxon Mobil Corporation | $3M | 2.0% | +47.6% | 2.5 yr |
| TMOThermo Fisher Scientific | $3M | 1.9% | -0.9% | 2.5 yr |
| AIGAmerican International G | $3M | 1.9% | -11.5% | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Oil & Gas Exploration & Production18.0%+2.2pp$29M
Software - Infrastructure10.3%-1.9pp$17M
Consumer Electronics8.4%-1.4pp$14M
Internet Content & Information7.0%+2.8pp$11M
Unknown6.4%-0.0pp$10M
Drug Manufacturers - General5.1%+0.2pp$8M
REIT - Specialty4.1%-0.4pp$7M
Asset Management3.7%+1.2pp$6M
Financial - Capital Markets3.6%+0.5pp$6M
Aerospace & Defense3.6%+0.4pp$6M
Country
US89.9%+0.6pp
Unknown6.4%-0.0pp
CA2.8%+0.8pp
BM0.4%+0.0pp
GB0.3%-0.0pp
CH0.1%-1.3pp
ES0.1%+0.0pp
IE0.0%-0.0pp
Top 5: 39.7% · Top 10: 53.9% · Top 25: 80.2%
Top buys this quarter · 15
| DORM Dorman Products, Inc.new | +$2M |
| DVN Devon Energy Corporation | +$0M |
| EXEL Exelixis, Inc.new | +$0M |
| AMGN Amgen Inc. | +$0M |
| LHX L3Harris Technologies, Inc.new | +$0M |
| MSEX Middlesex Water Companynew | +$0M |
| CLX The Clorox Company | +$0M |
| BSM Black Stone Minerals, L.P. | +$0M |
| SNY Sanofinew | +$0M |
| RSP Invesco S&P 500 Equal Weight Enew | +$0M |
Top sells this quarter · 15
| GOLF Acushnet Holdings Corp.exit | −$4M |
| GS The Goldman Sachs Group, Inc. | −$2M |
| AAPL Apple Inc. | −$1M |
| GOOG Alphabet Inc. | −$0M |
| MSFT Microsoft Corporation | −$0M |
| TFPM.TO Triple Flag Precious Metals Co | −$0M |
| ORCL Oracle Corporation | −$0M |
| ROST Ross Stores, Inc. | −$4M |
| MTDR Matador Resources Company | −$14M |
| GD General Dynamics Corporation | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $164M | 190 | +20.61% | +17.59% | +3.02% | -0.00B |
| 2025-12-31 | $162M | 188 | +16.13% | +17.72% | -1.59% | +0.01B |
| 2025-09-30 | $152M | 158 | +15.48% | +17.52% | -2.04% | -0.01B |
| 2025-06-30 | $153M | 160 | +7.86% | +14.94% | -7.08% | +0.00B |
| 2025-03-31 | $144M | 163 | +2.93% | +8.30% | -5.38% | +0.07B |
| 2024-12-31 | $79M | 147 | +13.31% | +24.89% | -11.58% | -0.01B |
| 2024-09-30 | $86M | 147 | +1.77% | +5.75% | -3.98% | +0.01B |
| 2024-06-30 | $76M | 153 | +0.59% | +4.38% | -3.79% | +0.00B |
| 2024-03-31 | $75M | 156 | +7.93% | +10.39% | -2.46% | -0.07B |
| 2023-12-31 | $131M | 175 | — | — | — | — |