Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+35.48%
adds when stocks drop
when a holding falls −10%+
Middle response
+10.91%
steady accumulation
Rally response
+4.53%
adds into rallies
when a holding rises +10%+
Top positions · 20
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| VSNTVVersant Media Group, Inc | $63M | 8.3% | — | 0.3 yr |
| CMCSAComcast Corporation | $51M | 6.8% | — | 0.5 yr |
| CICigna Corporation | $47M | 6.2% | -17.2% | 0.3 yr |
| UHSUniversal Health Service | $47M | 6.1% | -4.4% | 1.0 yr |
| KSPIJoint Stock Company Kasp | $46M | 6.1% | -20.2% | 0.5 yr |
| LKQLKQ Corporation | $45M | 5.9% | -28.4% | 0.5 yr |
| HRBH&R Block, Inc. | $44M | 5.9% | -40.0% | 0.5 yr |
| WUThe Western Union Compan | $44M | 5.8% | -8.2% | 0.8 yr |
| TNLTravel + Leisure Co. | $41M | 5.4% | +55.0% | 1.5 yr |
| MSFTMicrosoft Corporation | $41M | 5.4% | -0.6% | 0.3 yr |
| FDSFactSet Research Systems | $40M | 5.3% | -51.6% | 0.3 yr |
| ANTMElevance Health Inc. | $40M | 5.3% | — | 1.0 yr |
| TAPMolson Coors Beverage Co | $39M | 5.1% | -26.4% | 1.5 yr |
| GDDYGoDaddy Inc. | $36M | 4.7% | -54.1% | 0.3 yr |
| SBHSally Beauty Holdings, I | $34M | 4.4% | +53.4% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Software - Infrastructure16.1%$122M
Medical - Healthcare Plans11.4%$87M
Travel Services9.4%+2.3pp$71M
Entertainment8.3%$63M
Medical - Care Facilities7.2%+2.0pp$54M
Telecommunications Services6.8%$51M
Auto - Parts5.9%$45M
Personal Products & Services5.9%$44M
Financial - Credit Services5.8%$44M
Financial - Data & Stock Exchanges5.3%$40M
Country
US92.8%+29.1pp
KZ6.1%
KR1.1%-19.1pp
Top 5: 33.4% · Top 10: 61.7% · Top 25: 100.0%
Top buys this quarter · 15
| CI Cigna Corporationnew | +$47M |
| MSFT Microsoft Corporationnew | +$41M |
| FDS FactSet Research Systems Inc.new | +$40M |
| GDDY GoDaddy Inc.new | +$36M |
| MTCH Match Group, Inc.new | +$31M |
| ADBE Adobe Inc.new | +$24M |
| EXPE Expedia Group, Inc. | +$18M |
| HRB H&R Block, Inc. | +$14M |
| KSPI Joint Stock Company Kaspi.kz | +$12M |
| UHS Universal Health Services, Inc | +$10M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $757M | 20 | +9.90% | +17.59% | -7.69% | +0.24B |
| 2025-12-31 | $583M | 18 | +28.08% | +17.72% | +10.36% | +0.19B |
| 2025-09-30 | $369M | 14 | +8.51% | +8.12% | +0.39% | +0.10B |
| 2025-06-30 | $251M | 14 | +6.80% | +10.78% | -3.97% | +0.07B |
| 2025-03-31 | $167M | 15 | +2.81% | -4.27% | +7.07% | +0.06B |
| 2024-12-31 | $108M | 14 | — | — | — | — |