Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+8.83%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.91%
baseline attrition
Rally response
-13.12%
trims into rallies
when a holding rises +10%+
Top positions · 13
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BTSGBrightSpring Health Serv | $33M | 17.3% | +135.5% | 1.8 yr |
| WCCWESCO International, Inc | $24M | 12.2% | +77.6% | 1.8 yr |
| LTHLife Time Group Holdings | $18M | 9.1% | -10.8% | 0.5 yr |
| OKTAOkta, Inc. | $17M | 8.9% | -25.2% | 1.8 yr |
| ITGRInteger Holdings Corpora | $17M | 8.6% | -25.4% | 0.5 yr |
| HXLHexcel Corporation | $16M | 8.1% | +49.4% | 2.3 yr |
| — | $14M | 7.0% | — | 0.8 yr |
| UDMYUdemy, Inc. | $13M | 6.5% | -40.5% | 2.5 yr |
| SGRYSurgery Partners, Inc. | $12M | 6.4% | -49.8% | 0.5 yr |
| GDDYGoDaddy Inc. | $10M | 5.2% | -54.1% | 2.5 yr |
| CNMCore & Main, Inc. | $10M | 5.1% | +2.3% | 1.5 yr |
| PLNTPlanet Fitness, Inc. | $8M | 3.9% | -23.0% | 1.5 yr |
| OMFOneMain Holdings, Inc. | $3M | 1.7% | +18.1% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Medical - Healthcare Information Services17.3%-0.2pp$33M
Industrial - Distribution17.2%+11.2pp$33M
Software - Infrastructure14.2%-2.4pp$27M
Leisure13.1%+11.7pp$25M
Medical - Devices8.6%$17M
Aerospace & Defense8.1%-1.0pp$16M
Unknown7.0%$14M
Education & Training Services6.5%-4.0pp$13M
Medical - Care Facilities6.4%$12M
Financial - Credit Services1.7%$3M
Country
US93.0%-7.0pp
Unknown7.0%
Top 5: 56.1% · Top 10: 89.3% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $194M | 13 | +3.58% | +17.59% | -14.01% | -0.03B |
| 2025-12-31 | $237M | 13 | +2.98% | +17.72% | -14.74% | -0.03B |
| 2025-09-30 | $261M | 15 | -2.00% | +17.52% | -19.52% | -0.03B |
| 2025-06-30 | $293M | 15 | -3.96% | +14.94% | -18.90% | -0.01B |
| 2025-03-31 | $278M | 15 | -19.40% | +8.30% | -27.70% | +0.01B |
| 2024-12-31 | $288M | 15 | -12.73% | +24.89% | -37.61% | +0.00B |
| 2024-09-30 | $298M | 15 | -2.49% | +5.75% | -8.24% | +0.01B |
| 2024-06-30 | $292M | 14 | -9.12% | +4.38% | -13.50% | +0.02B |
| 2024-03-31 | $304M | 15 | +2.14% | +10.39% | -8.26% | +0.04B |
| 2023-12-31 | $256M | 14 | — | — | — | — |