Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-16.86%
trims when stocks drop
when a holding falls −10%+
Middle response
-9.15%
baseline attrition
Rally response
-0.86%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| LITELumentum Holdings Inc. | $8M | 5.9% | +1027.3% | 0.8 yr |
| CIENCiena Corporation | $7M | 4.9% | +542.4% | 0.8 yr |
| SNDKSandisk Corporation | $6M | 4.5% | +1234.5% | 0.5 yr |
| WDCWestern Digital Corporat | $5M | 4.0% | +571.9% | 0.8 yr |
| STXSeagate Technology Holdi | $5M | 3.5% | +366.3% | 0.8 yr |
| FIVEFive Below, Inc. | $3M | 2.6% | +204.9% | 0.8 yr |
| GEVGE Vernova Inc. | $3M | 2.5% | +186.8% | 1.0 yr |
| MTZMasTec, Inc. | $3M | 2.4% | +175.7% | 0.8 yr |
| NXTNextpower Inc. | $3M | 2.3% | +186.1% | 0.5 yr |
| HWMHowmet Aerospace Inc. | $3M | 2.2% | +78.1% | 1.0 yr |
| TPRTapestry, Inc. | $3M | 2.1% | +103.3% | 0.8 yr |
| BEBloom Energy Corporation | $3M | 1.9% | +589.2% | 0.8 yr |
| FTITechnipFMC plc | $3M | 1.9% | +119.3% | 2.5 yr |
| BWXTBWX Technologies, Inc. | $2M | 1.7% | +108.6% | 1.3 yr |
| MUMicron Technology, Inc. | $2M | 1.7% | +289.6% | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Communication Equipment10.9%+10.1pp$15M
Hardware, Equipment & Parts9.0%+7.1pp$12M
Aerospace & Defense9.0%+5.3pp$12M
Computer Hardware7.5%$10M
Semiconductors6.8%+4.3pp$9M
Gold6.7%+4.2pp$9M
Electrical Equipment & Parts4.0%$5M
Engineering & Construction3.5%$5M
Renewable Utilities3.4%$5M
Discount Stores3.3%+0.8pp$4M
Country
US80.5%-2.5pp
CA7.2%+3.0pp
SG3.5%+2.5pp
GB3.0%-0.3pp
Unknown2.2%+0.8pp
IL1.6%+0.7pp
PE1.0%
KY0.6%+0.3pp
Top 5: 22.9% · Top 10: 34.9% · Top 25: 58.8%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| FTI | $1M | +0.00B | 119.3% |
| AGI | $2M | +0.00B | 66.7% |
| AEM | $1M | +0.00B | 89.2% |
| NVDA | $1M | +0.00B | 60.9% |
| CASY | $1M | +0.00B | 68.4% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| FSLY Fastly, Inc.new | +$2M |
| DAN Dana Incorporatednew | +$1M |
| MTZ MasTec, Inc. | +$1M |
| ALB Albemarle Corporation | +$1M |
| JNJ Johnson & Johnsonnew | +$1M |
| FTI TechnipFMC plc | +$1M |
| NXT Nextpower Inc. | +$1M |
| RBC RBC Bearings Incorporatednew | +$1M |
| HXL Hexcel Corporationnew | +$1M |
| ORA Ormat Technologies, Inc.new | +$1M |
Top sells this quarter · 15
| PLTR Palantir Technologies Inc.exit | −$3M |
| LITE Lumentum Holdings Inc. | −$6M |
| EBAY eBay Inc.exit | −$3M |
| AVGO Broadcom Inc.exit | −$2M |
| NRG NRG Energy, Inc.exit | −$2M |
| NET Cloudflare, Inc.exit | −$2M |
| W Wayfair Inc.exit | −$2M |
| CLS Celestica Inc.exit | −$2M |
| DK Delek US Holdings, Inc.exit | −$2M |
| NEM Newmont Corporation | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $133M | 81 | +64.17% | +17.59% | +46.58% | -0.02B |
| 2025-12-31 | $128M | 92 | +40.62% | +17.72% | +22.90% | -0.01B |
| 2025-09-30 | $129M | 97 | +30.33% | +17.52% | +12.81% | -0.00B |
| 2025-06-30 | $119M | 104 | +20.66% | +14.94% | +5.72% | -0.00B |
| 2025-03-31 | $105M | 102 | +13.42% | +8.30% | +5.11% | -0.05B |
| 2024-12-31 | $150M | 115 | +35.79% | +24.89% | +10.90% | -0.00B |
| 2024-09-30 | $150M | 105 | +3.67% | +5.75% | -2.08% | +0.01B |
| 2024-06-30 | $134M | 89 | +7.24% | +4.38% | +2.86% | -0.00B |
| 2024-03-31 | $129M | 79 | +21.25% | +10.39% | +10.86% | -0.00B |
| 2023-12-31 | $108M | 81 | — | — | — | — |