Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+16.83%
adds when stocks drop
when a holding falls −10%+
Middle response
+5.60%
steady accumulation
Rally response
-14.45%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CBTCabot Corporation | $31M | 7.6% | -7.2% | 1.5 yr |
| WTFCWintrust Financial Corpo | $25M | 6.2% | +25.5% | 1.5 yr |
| SPSCSPS Commerce, Inc. | $25M | 6.0% | -58.1% | 0.5 yr |
| GMEDGlobus Medical, Inc. | $22M | 5.4% | +17.7% | 1.5 yr |
| TROXTronox Holdings plc | $21M | 5.1% | +47.1% | 1.5 yr |
| WFGWest Fraser Timber Co. L | $20M | 4.9% | -13.5% | 1.5 yr |
| AKAMAkamai Technologies, Inc | $20M | 4.8% | +42.7% | 1.5 yr |
| JBLJabil Inc. | $17M | 4.2% | +95.5% | 1.5 yr |
| ALGMAllegro MicroSystems, In | $16M | 3.9% | +25.5% | 1.3 yr |
| ENSEnerSys | $15M | 3.7% | +91.3% | 1.5 yr |
| LNNLindsay Corporation | $14M | 3.5% | -4.8% | 1.5 yr |
| LITELumentum Holdings Inc. | $14M | 3.3% | +1027.3% | 1.5 yr |
| PFSIPennyMac Financial Servi | $13M | 3.3% | -11.7% | 1.5 yr |
| MWAMueller Water Products, | $13M | 3.2% | +9.3% | 1.5 yr |
| AYIAcuity Brands, Inc. | $13M | 3.1% | +6.7% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Software - Infrastructure13.9%+11.2pp$57M
Banks - Regional8.9%+0.6pp$36M
Chemicals - Specialty7.6%+5.0pp$31M
Electrical Equipment & Parts6.8%+2.1pp$28M
Industrial - Machinery5.7%-1.8pp$23M
Medical - Devices5.4%+2.4pp$22M
Semiconductors5.3%+2.4pp$22M
Chemicals5.1%+2.0pp$21M
Paper, Lumber & Forest Products4.9%+4.5pp$20M
REIT - Healthcare Facilities4.5%+0.8pp$18M
Country
US95.1%-2.6pp
CA4.9%+4.5pp
Top 5: 30.3% · Top 10: 51.8% · Top 25: 93.0%
Top buys this quarter · 10
| SPSC SPS Commerce, Inc. | +$20M |
| ENS EnerSys | +$9M |
| AYI Acuity Brands, Inc. | +$8M |
| ALGM Allegro MicroSystems, Inc. | +$5M |
| PFSI PennyMac Financial Services, I | +$13M |
| ANF Abercrombie & Fitch Co. | +$12M |
| AVTR Avantor, Inc. | +$0M |
| TNC Tennant Company | +$10M |
| GMED Globus Medical, Inc. | +$22M |
| TOWN TowneBank | +$0M |
Top sells this quarter · 15
| THR Thermon Group Holdings, Inc.exit | −$13M |
| AKAM Akamai Technologies, Inc. | −$11M |
| TROX Tronox Holdings plc | −$13M |
| STRA Strategic Education, Inc. | −$9M |
| LITE Lumentum Holdings Inc. | −$11M |
| CMP Compass Minerals International | −$5M |
| TRIP Tripadvisor, Inc. | −$5M |
| CUBE CubeSmart | −$12M |
| CBT Cabot Corporation | −$3M |
| DRH DiamondRock Hospitality Companexit | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $407M | 32 | +48.23% | +17.59% | +30.63% | -0.06B |
| 2025-12-31 | $430M | 34 | +22.87% | +17.72% | +5.15% | +0.00B |
| 2025-09-30 | $382M | 39 | +12.97% | +8.12% | +4.84% | -0.03B |
| 2025-06-30 | $364M | 39 | +8.36% | +10.78% | -2.42% | -0.05B |
| 2025-03-31 | $380M | 39 | -10.35% | -4.27% | -6.09% | +0.12B |
| 2024-12-31 | $285M | 38 | — | — | — | — |