Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.73%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.54%
baseline attrition
Rally response
-1.27%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MTZMasTec, Inc. | $52M | 9.4% | +175.7% | 10.5 yr |
| EMEEMCOR Group, Inc. | $43M | 7.9% | +100.2% | 10.5 yr |
| AVGOBroadcom Inc. | $29M | 5.2% | +86.0% | 7.5 yr |
| GOOGLAlphabet Inc. | $26M | 4.7% | — | 6.3 yr |
| AZOAutoZone, Inc. | $25M | 4.5% | -11.4% | 10.5 yr |
| VSTVistra Corp. | $25M | 4.5% | +28.7% | 9.3 yr |
| BSCQInvesco BulletShares 202 | $20M | 3.6% | — | 4.5 yr |
| RSGRepublic Services, Inc. | $19M | 3.5% | -8.9% | 6.0 yr |
| MKLMarkel Corporation | $16M | 2.8% | +2.4% | 10.5 yr |
| BSCRInvesco BulletShares 202 | $15M | 2.8% | — | 4.3 yr |
| CIGIColliers International G | $15M | 2.7% | -11.7% | 10.5 yr |
| — | $13M | 2.5% | — | 3.0 yr |
| BSCSInvesco BulletShares 202 | $13M | 2.4% | — | 4.3 yr |
| BSCTInvesco BulletShares 202 | $13M | 2.3% | — | 1.8 yr |
| SSNCSS&C Technologies Holdin | $13M | 2.3% | -18.0% | 7.3 yr |
Portfolio composition (YoY)
Industry mix
Engineering & Construction19.3%+8.0pp$106M
Asset Management - Bonds9.6%-1.8pp$53M
Asset Management7.5%+0.5pp$41M
Semiconductors5.2%-2.0pp$29M
Internet Content & Information4.7%+1.4pp$26M
Specialty Retail4.6%-2.3pp$25M
Unknown4.5%+1.3pp$25M
Independent Power Producers4.5%-0.1pp$25M
Waste Management3.5%-1.4pp$19M
Industrial - Machinery3.0%+1.8pp$17M
Country
US90.8%+0.4pp
CA4.7%-1.4pp
Unknown4.5%+1.3pp
Top 5: 31.7% · Top 10: 48.9% · Top 25: 81.7%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $549M | 57 | +29.17% | +17.59% | +11.58% | -0.00B |
| 2025-12-31 | $523M | 58 | +15.92% | +17.72% | -1.80% | +0.00B |
| 2025-09-30 | $554M | 57 | +28.41% | +17.52% | +10.89% | -0.00B |
| 2025-06-30 | $506M | 55 | +27.96% | +14.94% | +13.02% | -0.01B |
| 2025-03-31 | $431M | 54 | +7.30% | +8.30% | -1.00% | -0.00B |
| 2024-12-31 | $462M | 57 | +32.88% | +24.89% | +8.00% | -0.00B |
| 2024-09-30 | $448M | 54 | +39.60% | +36.04% | +3.56% | -0.01B |
| 2024-06-30 | $416M | 56 | +22.89% | +24.49% | -1.61% | -0.00B |
| 2024-03-31 | $414M | 53 | +29.60% | +29.62% | -0.03% | -0.03B |
| 2023-12-31 | $381M | 53 | +18.98% | +26.18% | -7.20% | -0.00B |
| 2023-09-30 | $353M | 53 | +21.51% | +21.57% | -0.06% | +0.00B |
| 2023-06-30 | $362M | 48 | +19.28% | +19.42% | -0.14% | +0.02B |
| 2023-03-31 | $323M | 46 | -0.79% | -7.82% | +7.03% | -0.02B |
| 2022-12-31 | $321M | 46 | +11.41% | +7.56% | +3.85% | -0.01B |
| 2022-09-30 | $295M | 47 | -5.63% | -4.93% | -0.71% | -0.01B |
| 2022-06-30 | $319M | 47 | -11.92% | -16.11% | +4.19% | -0.01B |