Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-10.47%
trims when stocks drop
when a holding falls −10%+
Middle response
-9.85%
baseline attrition
Rally response
-25.18%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MTZMasTec, Inc. | $3M | 5.8% | +175.7% | 0.5 yr |
| CLHClean Harbors, Inc. | $3M | 5.5% | +45.5% | 0.5 yr |
| HXLHexcel Corporation | $3M | 5.3% | +49.4% | 0.3 yr |
| JCIJohnson Controls Interna | $2M | 4.6% | +65.7% | 0.8 yr |
| XLEState Street Energy Sele | $2M | 4.5% | — | 0.3 yr |
| FIXComfort Systems USA, Inc | $2M | 4.3% | +329.0% | 1.3 yr |
| CATCaterpillar Inc. | $2M | 4.2% | +117.8% | 0.8 yr |
| ATOAtmos Energy Corporation | $2M | 3.8% | +22.2% | 0.5 yr |
| RBCRBC Bearings Incorporate | $2M | 3.7% | +68.8% | 0.3 yr |
| LHXL3Harris Technologies, I | $2M | 3.5% | +67.7% | 0.3 yr |
| WMWaste Management, Inc. | $2M | 3.4% | +0.8% | 0.3 yr |
| TEXTerex Corporation | $2M | 3.3% | +58.6% | 0.3 yr |
| GVAGranite Construction Inc | $2M | 3.2% | +59.6% | 1.0 yr |
| WWDWoodward, Inc. | $2M | 3.1% | +97.0% | 0.3 yr |
| LMTLockheed Martin Corporat | $2M | 3.0% | +39.0% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Aerospace & Defense16.7%+10.2pp$9M
Engineering & Construction13.2%+11.1pp$7M
Industrial - Machinery9.2%-2.7pp$5M
Waste Management8.9%+6.1pp$5M
Agricultural - Machinery7.4%$4M
Asset Management6.0%-3.8pp$3M
Hardware, Equipment & Parts5.8%+4.6pp$3M
Regulated Electric4.7%-7.2pp$2M
Residential Construction4.4%$2M
Regulated Gas3.8%$2M
Country
US92.8%+5.3pp
IE4.6%-1.0pp
CA1.6%
LU1.1%
Top 5: 25.7% · Top 10: 45.1% · Top 25: 84.7%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| HXL Hexcel Corporationnew | +$3M |
| RBC RBC Bearings Incorporatednew | +$2M |
| LHX L3Harris Technologies, Inc.new | +$2M |
| WM Waste Management, Inc.new | +$2M |
| TEX Terex Corporationnew | +$2M |
| WWD Woodward, Inc.new | +$2M |
| LMT Lockheed Martin Corporationnew | +$2M |
| ATMU Atmus Filtration Technologies new | +$1M |
| GLW Corning Incorporatednew | +$1M |
| KNX Knight-Swift Transportation Honew | +$1M |
Top sells this quarter · 15
| AEP American Electric Power Companexit | −$6M |
| FE FirstEnergy Corp. | −$6M |
| PH Parker-Hannifin Corporationexit | −$6M |
| ATO Atmos Energy Corporation | −$6M |
| ZWS Zurn Elkay Water Solutions Corexit | −$5M |
| DCI Donaldson Company, Inc.exit | −$5M |
| MYRG MYR Group Inc.exit | −$5M |
| HWM Howmet Aerospace Inc.exit | −$5M |
| APH Amphenol Corporationexit | −$4M |
| SPGI S&P Global Inc.exit | −$4M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $52M | 39 | +43.08% | +17.59% | +25.48% | -0.07B |
| 2025-12-31 | $113M | 36 | +25.82% | +17.72% | +8.10% | -0.03B |
| 2025-09-30 | $133M | 51 | +10.78% | +8.12% | +2.66% | -0.04B |
| 2025-06-30 | $153M | 48 | +8.82% | +10.78% | -1.96% | -0.01B |
| 2025-03-31 | $150M | 54 | -1.85% | -4.27% | +2.42% | +0.02B |
| 2024-12-31 | $135M | 68 | — | — | — | — |