Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.98%
adds when stocks drop
when a holding falls −10%+
Middle response
+10.35%
steady accumulation
Rally response
-14.18%
trims into rallies
when a holding rises +10%+
Top positions · 15
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| DHRDanaher Corporation | $47M | 16.5% | -7.1% | 2.5 yr |
| LINLinde plc | $30M | 10.6% | +7.9% | 2.5 yr |
| AMZNAmazon.com, Inc. | $29M | 10.3% | +9.5% | 2.5 yr |
| VVisa Inc. | $22M | 7.7% | -13.1% | 0.5 yr |
| VISTVista Energy, S.A.B. de | $22M | 7.7% | +62.1% | 0.3 yr |
| DSGXThe Descartes Systems Gr | $20M | 7.2% | -29.0% | 1.8 yr |
| HEI-AHEICO Corporation | $19M | 6.7% | — | 2.0 yr |
| ITUBItaú Unibanco Holding S | $19M | 6.6% | +64.3% | 0.5 yr |
| SGISomnigroup International | $17M | 6.0% | +24.4% | 2.3 yr |
| TXNTexas Instruments Incorp | $17M | 6.0% | +11.4% | 2.3 yr |
| PAXPatria Investments Limit | $17M | 6.0% | +16.7% | 0.5 yr |
| WALDWaldencast plc | $12M | 4.1% | -68.3% | 2.5 yr |
| PAMPampa EnergÃa S.A. | $10M | 3.6% | +14.6% | 0.3 yr |
| RYAAYRyanair Holdings plc | $3M | 1.1% | — | 1.3 yr |
| WALDWWaldencast plc | $0M | 0.1% | — | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Medical - Diagnostics & Research16.5%-2.8pp$47M
Software - Application11.3%-19.4pp$32M
Chemicals - Specialty10.6%+0.8pp$30M
Specialty Retail10.3%-0.9pp$29M
Financial - Credit Services7.7%$22M
Oil & Gas Exploration & Production7.7%$22M
Aerospace & Defense6.7%-6.3pp$19M
Banks - Regional6.6%$19M
Household & Personal Products6.0%+2.5pp$17M
Semiconductors6.0%-2.9pp$17M
Country
US57.4%-24.0pp
GB10.6%+0.8pp
MX7.7%
CA7.2%-1.7pp
BR6.6%
KY6.0%
AR3.6%
IE1.1%
Top 5: 52.7% · Top 10: 85.2% · Top 25: 100.0%
Top buys this quarter · 9
| V Visa Inc. | +$77M |
| TXN Texas Instruments Incorporated | +$28M |
| VIST Vista Energy, S.A.B. de C.V.new | +$22M |
| ITUB Itaú Unibanco Holding S.A. | +$14M |
| DSGX The Descartes Systems Group In | +$20M |
| PAM Pampa EnergÃa S.A.new | +$10M |
| PAX Patria Investments Limited | +$10M |
| AMZN Amazon.com, Inc. | +$10M |
| DHR Danaher Corporation | +$47M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $286M | 15 | +3.55% | +17.59% | -14.04% | +0.06B |
| 2025-12-31 | $241M | 11 | +2.00% | +17.72% | -15.72% | +0.02B |
| 2025-09-30 | $215M | 9 | -2.00% | +17.52% | -19.51% | -0.02B |
| 2025-06-30 | $232M | 11 | +2.92% | +14.94% | -12.02% | -0.09B |
| 2025-03-31 | $304M | 13 | -10.79% | +8.30% | -19.10% | -0.01B |
| 2024-12-31 | $333M | 12 | -12.17% | +24.89% | -37.06% | -0.02B |
| 2024-09-30 | $358M | 14 | +5.64% | +5.75% | -0.12% | -0.04B |
| 2024-06-30 | $373M | 13 | -8.37% | +4.38% | -12.75% | -0.04B |
| 2024-03-31 | $447M | 13 | -8.55% | +10.39% | -18.94% | +0.10B |
| 2023-12-31 | $379M | 14 | — | — | — | — |