Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.00%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.00%
baseline attrition
Rally response
+0.44%
adds into rallies
when a holding rises +10%+
Top positions · 8
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CPSSConsumer Portfolio Servi | $40M | 29.2% | — | 0.8 yr |
| KVHIKVH Industries, Inc. | $31M | 23.1% | — | 0.8 yr |
| VZVerizon Communications I | $31M | 23.0% | — | 0.8 yr |
| CPHCCanterbury Park Holding | $13M | 9.9% | — | 0.8 yr |
| WYNNWynn Resorts, Limited | $10M | 7.7% | — | 0.8 yr |
| BYDBoyd Gaming Corporation | $7M | 5.0% | — | 0.8 yr |
| BRK-ABerkshire Hathaway Inc. | $3M | 2.1% | — | 0.8 yr |
| NOTVInotiv, Inc. | $0M | 0.0% | — | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Financial - Credit Services29.2%$40M
Communication Equipment23.1%$31M
Telecommunications Services23.0%$31M
Gambling, Resorts & Casinos22.5%$31M
Insurance - Diversified2.1%$3M
Medical - Diagnostics & Research0.0%$0M
Country
US100.0%
Top 5: 92.9% · Top 10: 100.0% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 1
| KVHI KVH Industries, Inc. | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $136M | 8 | +1.51% | -4.37% | +5.88% | -0.02B |
| 2025-12-31 | $150M | 12 | +8.96% | +2.66% | +6.30% | -0.01B |
| 2025-09-30 | $150M | 14 | — | — | — | — |