Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+5.02%
adds when stocks drop
when a holding falls −10%+
Middle response
+6.77%
steady accumulation
Rally response
—
—
when a holding rises +10%+
Top positions · 11
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GSHDGoosehead Insurance, Inc | $38M | 28.4% | — | 0.5 yr |
| YETIYETI Holdings, Inc. | $22M | 16.3% | — | 0.5 yr |
| KNSLKinsale Capital Group, I | $22M | 16.3% | — | 0.5 yr |
| CSWICSW Industrials, Inc. | $21M | 15.5% | — | 0.5 yr |
| ESQEsquire Financial Holdin | $15M | 11.3% | — | 0.5 yr |
| APPFAppFolio, Inc. | $6M | 4.2% | — | 0.3 yr |
| FSVFirstService Corporation | $6M | 4.2% | — | 0.5 yr |
| SKWDSkyward Specialty Insura | $5M | 3.9% | — | 0.5 yr |
| BOWBowhead Specialty Holdin | $0M | 0.0% | — | 0.5 yr |
| XPELXPEL, Inc. | $0M | 0.0% | — | 0.5 yr |
| PXP10, Inc. | $0M | 0.0% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Insurance - Diversified28.4%$38M
Insurance - Property & Casualty20.2%$27M
Leisure16.3%$22M
Industrial - Machinery15.5%$21M
Banks - Regional11.3%$15M
Software - Application4.2%$6M
Real Estate - Services4.2%$6M
Auto - Parts0.0%$0M
Asset Management0.0%$0M
Country
US95.8%
CA4.2%
Top 5: 87.7% · Top 10: 100.0% · 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 | $134M | 11 | -21.71% | -4.37% | -17.34% | -0.02B |
| 2025-12-31 | $194M | 13 | — | — | — | — |