Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+7.48%
adds when stocks drop
when a holding falls −10%+
Middle response
+3.70%
steady accumulation
Rally response
-4.52%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| ALCOAlico, Inc. | $6M | 4.5% | +38.7% | 1.5 yr |
| ACTGAcacia Research Corporat | $5M | 4.3% | +50.3% | 1.5 yr |
| KVHIKVH Industries, Inc. | $4M | 3.0% | +69.4% | 1.5 yr |
| HURCHurco Companies, Inc. | $4M | 3.0% | -5.2% | 1.5 yr |
| CLDTChatham Lodging Trust | $4M | 2.9% | +14.9% | 1.3 yr |
| FLGTFulgent Genetics, Inc. | $3M | 2.9% | -5.9% | 1.5 yr |
| LMNRLimoneira Company | $3M | 2.7% | -23.1% | 1.0 yr |
| CVGICommercial Vehicle Group | $3M | 2.6% | +196.5% | 1.3 yr |
| SENEASeneca Foods Corporation | $3M | 2.5% | — | 1.5 yr |
| ASLEAerSale Corporation | $3M | 2.5% | -17.0% | 1.5 yr |
| CLWClearwater Paper Corpora | $3M | 2.5% | -43.3% | 1.3 yr |
| JOUTJohnson Outdoors Inc. | $3M | 2.5% | +94.8% | 1.5 yr |
| STHOStar Holdings | $3M | 2.5% | -11.0% | 1.5 yr |
| OSUROraSure Technologies, In | $3M | 2.5% | -11.0% | 1.5 yr |
| NNDMNano Dimension Ltd. | $3M | 2.4% | +6.9% | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Biotechnology8.8%-10.2pp$11M
Agricultural Farm Products7.3%+2.9pp$9M
Medical - Devices5.3%+3.1pp$6M
Computer Hardware4.6%+2.1pp$6M
Specialty Business Services4.3%+2.7pp$5M
Industrial - Machinery4.3%+0.1pp$5M
Real Estate - Services4.1%+0.5pp$5M
Leisure3.7%-0.8pp$4M
Staffing & Employment Services3.2%+1.7pp$4M
Communication Equipment3.0%+1.0pp$4M
Country
US96.4%-2.4pp
IL2.4%
Unknown0.8%-0.5pp
GB0.5%
Top 5: 17.7% · Top 10: 30.9% · Top 25: 62.0%
Top buys this quarter · 15
| SEG Seaport Entertainment Group Innew | +$2M |
| LAB Standard BioTools Inc.new | +$2M |
| INGN Inogen, Inc.new | +$2M |
| TUSK Mammoth Energy Services, Inc.new | +$1M |
| TBI TrueBlue, Inc. | +$1M |
| MED Medifast, Inc. | +$1M |
| ACTG Acacia Research Corporation | +$1M |
| CLW Clearwater Paper Corporation | +$1M |
| CLDT Chatham Lodging Trust | +$1M |
| MXCT MaxCyte, Inc.new | +$1M |
Top sells this quarter · 15
| ANRO Alto Neuroscience, Inc.exit | −$6M |
| BH Biglari Holdings Inc.exit | −$4M |
| ALTO Alto Ingredients, Inc. | −$4M |
| CLYM Climb Bio, Inc. | −$3M |
| ANTX AN2 Therapeutics, Inc. | −$2M |
| JOUT Johnson Outdoors Inc. | −$1M |
| KYTX Kyverna Therapeutics, Inc. | −$1M |
| SCHL Scholastic Corporationexit | −$1M |
| AVIR Atea Pharmaceuticals, Inc. | −$1M |
| GEOS Geospace Technologies Corporatexit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $122M | 62 | +32.98% | +17.59% | +15.39% | -0.01B |
| 2025-12-31 | $118M | 59 | -1.10% | +17.72% | -18.82% | +0.01B |
| 2025-09-30 | $112M | 57 | +10.70% | +8.12% | +2.58% | +0.00B |
| 2025-06-30 | $100M | 57 | +9.99% | +10.78% | -0.79% | +0.00B |
| 2025-03-31 | $89M | 61 | -19.04% | -4.27% | -14.77% | +0.01B |
| 2024-12-31 | $101M | 57 | — | — | — | — |