Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+6.36%
adds when stocks drop
when a holding falls −10%+
Middle response
+25.28%
steady accumulation
Rally response
-20.48%
trims into rallies
when a holding rises +10%+
Top positions · 12
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MTZMasTec, Inc. | $47M | 16.1% | +175.7% | 1.5 yr |
| FPSForgent Power Solutions, | $40M | 14.0% | — | 0.3 yr |
| CORZCore Scientific, Inc. | $34M | 11.6% | +106.6% | 0.8 yr |
| MPMP Materials Corp. | $32M | 11.2% | +97.7% | 0.5 yr |
| CTRICenturi Holdings, Inc. | $32M | 11.0% | +78.2% | 0.5 yr |
| BPBP p.l.c. | $27M | 9.4% | +47.2% | 0.3 yr |
| DARDarling Ingredients Inc. | $25M | 8.6% | +98.0% | 0.8 yr |
| LGNLegence Corp. Class A Co | $24M | 8.4% | — | 0.3 yr |
| FIXComfort Systems USA, Inc | $17M | 5.7% | +329.0% | 0.3 yr |
| GPREGreen Plains Inc. | $6M | 2.1% | +239.2% | 0.8 yr |
| AEXAAmerican Exceptionalism | $4M | 1.5% | — | 0.3 yr |
| — | $1M | 0.3% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Engineering & Construction30.3%-4.8pp$87M
Electrical Equipment & Parts14.0%$40M
Software - Infrastructure11.6%$34M
Industrial Materials11.2%$32M
Regulated Gas11.0%$32M
Oil & Gas Integrated9.4%$27M
Packaged Foods8.6%+2.4pp$25M
Chemicals - Specialty2.1%$6M
Asset Management1.5%$4M
Unknown0.3%$1M
Country
US90.3%-9.7pp
GB9.4%
Unknown0.3%
Top 5: 64.0% · Top 10: 98.2% · Top 25: 100.0%
Top buys this quarter · 9
| — new | +$0M |
| FPS Forgent Power Solutions, Inc.new | +$40M |
| BP BP p.l.c.new | +$27M |
| LGN Legence Corp. Class A Common snew | +$24M |
| MP MP Materials Corp. | +$22M |
| CORZ Core Scientific, Inc. | +$22M |
| FIX Comfort Systems USA, Inc.new | +$17M |
| CTRI Centuri Holdings, Inc. | +$16M |
| AEXA American Exceptionalism Acquisnew | +$4M |
Top sells this quarter · 10
| LBRT Liberty Energy Inc.exit | −$56M |
| SEI Solaris Energy Infrastructure,exit | −$54M |
| EME EMCOR Group, Inc.exit | −$44M |
| GEV GE Vernova Inc.exit | −$39M |
| GM General Motors Companyexit | −$22M |
| DAR Darling Ingredients Inc. | −$22M |
| GPRE Green Plains Inc. | −$16M |
| MTZ MasTec, Inc. | −$37M |
| ARRY Array Technologies, Inc.exit | −$8M |
| FSLR First Solar, Inc.exit | −$4M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $289M | 12 | +131.07% | +17.59% | +113.48% | -0.03B |
| 2025-12-31 | $262M | 11 | +84.00% | +17.72% | +66.29% | -0.03B |
| 2025-09-30 | $262M | 11 | +25.26% | +8.12% | +17.14% | -0.04B |
| 2025-06-30 | $244M | 11 | +37.25% | +10.78% | +26.47% | +0.08B |
| 2025-03-31 | $117M | 10 | -2.73% | -4.27% | +1.54% | -0.01B |
| 2024-12-31 | $136M | 10 | — | — | — | — |