Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+12.24%
adds when stocks drop
when a holding falls −10%+
Middle response
-12.77%
baseline attrition
Rally response
-33.42%
trims into rallies
when a holding rises +10%+
Top positions · 15
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GVAGranite Construction Inc | $16M | 12.6% | — | 0.5 yr |
| GFLGFL Environmental Inc. | $13M | 10.5% | — | 0.5 yr |
| CLHClean Harbors, Inc. | $13M | 10.5% | — | 0.5 yr |
| CWSTCasella Waste Systems, I | $13M | 10.4% | — | 0.5 yr |
| TELTE Connectivity Ltd. | $11M | 8.8% | — | 0.5 yr |
| VSTVistra Corp. | $10M | 8.2% | — | 0.3 yr |
| CTRICenturi Holdings, Inc. | $8M | 6.6% | — | 0.5 yr |
| SES.TOSecure Waste Infrastruct | $8M | 6.2% | — | 0.3 yr |
| EXPEagle Materials Inc. | $7M | 5.6% | — | 0.5 yr |
| BDCBelden Inc. | $7M | 5.6% | — | 0.3 yr |
| MRVLMarvell Technology, Inc. | $7M | 5.5% | — | 0.5 yr |
| SEISolaris Energy Infrastru | $7M | 5.4% | — | 0.3 yr |
| MTArcelorMittal S.A. | $4M | 2.9% | — | 0.5 yr |
| AERAerCap Holdings N.V. | $1M | 1.1% | — | 0.5 yr |
| — | $0M | 0.3% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Waste Management37.6%$48M
Engineering & Construction12.6%$16M
Hardware, Equipment & Parts8.8%$11M
Independent Power Producers8.2%$10M
Regulated Gas6.6%$8M
Construction Materials5.6%$7M
Communication Equipment5.6%$7M
Semiconductors5.5%$7M
Oil & Gas Equipment & Services5.4%$7M
Steel2.9%$4M
Country
US70.3%
CA16.8%
IE9.8%
LU2.9%
Unknown0.3%
Top 5: 52.7% · Top 10: 84.9% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 9
| — new | +$0M |
| SES.TO Secure Waste Infrastructure Conew | +$11M |
| VST Vistra Corp.new | +$10M |
| BDC Belden Inc.new | +$7M |
| SEI Solaris Energy Infrastructure,new | +$7M |
| GFL GFL Environmental Inc. | +$5M |
| TEL TE Connectivity Ltd. | +$3M |
| CWST Casella Waste Systems, Inc. | +$13M |
| EXP Eagle Materials Inc. | +$7M |
Top sells this quarter · 12
| SMNEY Siemens Energy AGexit | −$0M |
| AER AerCap Holdings N.V. | −$11M |
| IEX IDEX Corporationexit | −$9M |
| MT ArcelorMittal S.A. | −$6M |
| EMR Emerson Electric Co.exit | −$5M |
| CLH Clean Harbors, Inc. | −$5M |
| HUBG Hub Group, Inc.exit | −$5M |
| MRVL Marvell Technology, Inc. | −$3M |
| OC Owens Corningexit | −$3M |
| FSLR First Solar, Inc.exit | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $126M | 15 | +2.69% | -4.37% | +7.06% | -0.01B |
| 2025-12-31 | $134M | 16 | — | — | — | — |