Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
—
—
when a holding falls −10%+
Middle response
-1.07%
baseline attrition
Rally response
-1.25%
trims into rallies
when a holding rises +10%+
Top positions · 12
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MCBMetropolitan Bank Holdin | $64M | 16.4% | — | 0.8 yr |
| EQBKEquity Bancshares, Inc. | $53M | 13.7% | — | 0.8 yr |
| TOWNTowneBank | $51M | 13.2% | — | 0.3 yr |
| AMTBAmerant Bancorp Inc. | $50M | 12.8% | — | 0.8 yr |
| USCBUSCB Financial Holdings, | $34M | 8.9% | — | 0.8 yr |
| AVBHAvidbank Holdings, Inc. | $30M | 7.7% | — | 0.8 yr |
| COSOCoastalSouth Bancshares, | $29M | 7.3% | — | 0.8 yr |
| FRBAFirst Bank | $26M | 6.7% | — | 0.8 yr |
| NEWTPNewtekOne, Inc. Deposita | $25M | 6.5% | — | 0.8 yr |
| FRSTPrimis Financial Corp. | $16M | 4.2% | — | 0.8 yr |
| MSBIMidland States Bancorp, | $10M | 2.5% | — | 0.3 yr |
| PEBOPeoples Bancorp Inc. | $1M | 0.1% | — | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Banks - Regional93.5%$363M
Asset Management6.5%$25M
Country
US100.0%
Top 5: 64.9% · Top 10: 97.3% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $388M | 12 | +4.40% | -4.37% | +8.77% | +0.05B |
| 2025-12-31 | $321M | 11 | +5.89% | +2.66% | +3.23% | -0.01B |
| 2025-09-30 | $316M | 12 | — | — | — | — |