Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+4.01%
adds when stocks drop
when a holding falls −10%+
Middle response
-4.01%
baseline attrition
Rally response
-3.68%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SGOViShares 0-3 Month Treasu | $67M | 15.1% | — | 2.8 yr |
| — | $28M | 6.4% | — | 2.5 yr |
| ECVTEcovyst Inc. | $28M | 6.4% | +107.4% | 3.5 yr |
| SDSandRidge Energy, Inc. | $23M | 5.2% | +48.1% | 3.5 yr |
| TPHTri Pointe Homes, Inc. | $21M | 4.7% | +46.4% | 1.3 yr |
| ROCKGibraltar Industries, In | $20M | 4.5% | -32.0% | 0.8 yr |
| EZPWEZCORP, Inc. | $19M | 4.2% | +72.4% | 10.5 yr |
| CAMTCamtek Ltd. | $14M | 3.1% | +158.6% | 10.5 yr |
| NWPXNWPX Infrastructure, Inc | $14M | 3.1% | +88.5% | 8.3 yr |
| MLRMiller Industries, Inc. | $14M | 3.1% | +9.6% | 6.3 yr |
| HUNHuntsman Corporation | $14M | 3.1% | -10.6% | 9.3 yr |
| AVNWAviat Networks, Inc. | $12M | 2.7% | +17.9% | 1.5 yr |
| IOSPInnospec Inc. | $11M | 2.4% | -21.3% | 4.8 yr |
| CRNTCeragon Networks Ltd. | $10M | 2.4% | -8.1% | 6.5 yr |
| BILState Street SPDR Bloomb | $10M | 2.2% | — | 3.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management - Bonds15.3%+2.9pp$68M
Chemicals - Specialty8.8%+4.9pp$39M
Communication Equipment8.7%-0.3pp$39M
Unknown7.5%-2.3pp$33M
Oil & Gas Exploration & Production5.7%+1.7pp$25M
Financial - Credit Services5.1%-6.1pp$23M
Residential Construction4.7%+1.8pp$21M
Engineering & Construction4.6%-2.1pp$21M
Construction4.5%$20M
Asset Management4.2%-1.1pp$19M
Country
US80.8%+6.8pp
IL9.2%-0.9pp
Unknown7.5%-2.3pp
CA1.3%-0.9pp
GB0.5%-0.1pp
LU0.5%
CN0.1%-0.0pp
Top 5: 37.7% · Top 10: 55.8% · Top 25: 84.7%
Top buys this quarter · 15
| ROCK Gibraltar Industries, Inc. | +$15M |
| LMNR Limoneira Company | +$4M |
| IOSP Innospec Inc. | +$3M |
| CRNT Ceragon Networks Ltd. | +$2M |
| SIGA SIGA Technologies, Inc. | +$1M |
| RELL Richardson Electronics, Ltd. | +$1M |
| PCYO Pure Cycle Corporation | +$1M |
| RBBN Ribbon Communications Inc. | +$3M |
| ECVT Ecovyst Inc. | +$0M |
| TPH Tri Pointe Homes, Inc. | +$0M |
Top sells this quarter · 15
| EZPW EZCORP, Inc. | −$25M |
| NWPX NWPX Infrastructure, Inc. | −$9M |
| GILT Gilat Satellite Networks Ltd. | −$5M |
| CAMT Camtek Ltd. | −$11M |
| VTS Vitesse Energy, Inc. | −$2M |
| SGC Superior Group of Companies, Iexit | −$1M |
| MTRX Matrix Service Company | −$1M |
| TPC Tutor Perini Corporation | −$8M |
| AAPL Apple Inc.exit | −$0M |
| INTC Intel Corporation | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $444M | 85 | +46.85% | +17.59% | +29.25% | -0.01B |
| 2025-12-31 | $398M | 87 | +18.26% | +17.72% | +0.55% | +0.02B |
| 2025-09-30 | $376M | 84 | +24.39% | +17.52% | +6.87% | -0.05B |
| 2025-06-30 | $367M | 83 | +15.48% | +14.94% | +0.54% | -0.01B |
| 2025-03-31 | $349M | 78 | -1.11% | +8.30% | -9.41% | +0.01B |
| 2024-12-31 | $368M | 86 | +29.83% | +24.89% | +4.94% | -0.01B |
| 2024-09-30 | $356M | 84 | +26.45% | +36.04% | -9.59% | +0.01B |
| 2024-06-30 | $327M | 80 | +19.50% | +24.49% | -4.99% | +0.01B |
| 2024-03-31 | $342M | 82 | +31.48% | +29.62% | +1.86% | -0.04B |
| 2023-12-31 | $309M | 84 | +5.91% | +26.18% | -20.27% | +0.01B |
| 2023-09-30 | $292M | 85 | +6.19% | +21.57% | -15.38% | -0.00B |
| 2023-06-30 | $292M | 86 | -23.46% | +19.42% | -42.89% | -0.01B |
| 2023-03-31 | $293M | 86 | -48.06% | -7.82% | -40.24% | +0.01B |
| 2022-12-31 | $286M | 86 | +3.76% | +7.56% | -3.80% | +0.03B |
| 2022-09-30 | $247M | 84 | -27.21% | -4.93% | -22.28% | +0.05B |
| 2022-06-30 | $268M | 87 | -30.03% | -16.11% | -13.92% | +0.07B |