Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-8.36%
trims when stocks drop
when a holding falls −10%+
Middle response
+9.12%
steady accumulation
Rally response
-30.47%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| LINCLincoln Educational Serv | $15M | 7.0% | — | 0.5 yr |
| TPBTurning Point Brands, In | $15M | 6.7% | — | 0.5 yr |
| — | $13M | 5.7% | — | 0.5 yr |
| BBWBuild-A-Bear Workshop, I | $12M | 5.6% | — | 0.5 yr |
| COMPCompass, Inc. | $12M | 5.3% | — | 0.5 yr |
| SRTAStrata Critical Medical, | $11M | 4.9% | — | 0.5 yr |
| CRONCronos Group Inc. | $11M | 4.8% | — | 0.5 yr |
| MYTEMYT Netherlands Parent B | $9M | 4.3% | — | 0.5 yr |
| ETONEton Pharmaceuticals, In | $9M | 4.1% | — | 0.3 yr |
| FLYWFlywire Corporation | $9M | 4.1% | — | 0.3 yr |
| PDFSPDF Solutions, Inc. | $9M | 4.0% | — | 0.5 yr |
| KRUSKura Sushi USA, Inc. | $8M | 3.7% | — | 0.5 yr |
| UTIUniversal Technical Inst | $8M | 3.6% | — | 0.3 yr |
| CVCOCavco Industries, Inc. | $8M | 3.5% | — | 0.5 yr |
| HNIHNI Corporation | $7M | 3.3% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Software - Application12.1%$27M
Education & Training Services10.6%$23M
Tobacco6.7%$15M
Unknown5.7%$13M
Specialty Retail5.6%$12M
Airlines, Airports & Air Services4.9%$11M
Drug Manufacturers - Specialty & Generic4.8%$11M
Luxury Goods4.3%$9M
Biotechnology4.1%$9M
Information Technology Services4.1%$9M
Country
US83.1%
Unknown5.7%
CA4.8%
DE4.3%
FR1.7%
RU0.5%
Top 5: 30.3% · Top 10: 52.4% · Top 25: 96.4%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| ETON Eton Pharmaceuticals, Inc.new | +$9M |
| FLYW Flywire Corporationnew | +$9M |
| UTI Universal Technical Institute,new | +$8M |
| CROX Crocs, Inc.new | +$7M |
| WLTH Wealthfront Corporationnew | +$6M |
| CRON Cronos Group Inc. | +$6M |
| BBW Build-A-Bear Workshop, Inc. | +$12M |
| LMB Limbach Holdings, Inc.new | +$4M |
| SRTA Strata Critical Medical, Inc. | +$3M |
| COMP Compass, Inc. | +$12M |
Top sells this quarter · 15
| LINC Lincoln Educational Services C | −$13M |
| NATL NCR Atleos Corporationexit | −$12M |
| GPGI GPGI, Inc. | −$9M |
| MGNI Magnite, Inc.exit | −$7M |
| ASR Grupo Aeroportuario del Surestexit | −$7M |
| KRC Kilroy Realty Corporationexit | −$6M |
| KSPI Joint Stock Company Kaspi.kzexit | −$6M |
| CVCO Cavco Industries, Inc. | −$5M |
| CRTO Criteo S.A. | −$4M |
| PDFS PDF Solutions, Inc. | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $221M | 31 | -3.54% | -4.37% | +0.83% | -0.02B |
| 2025-12-31 | $245M | 29 | — | — | — | — |