Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.83%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.60%
baseline attrition
Rally response
-0.53%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SNPSSynopsys, Inc. | $20M | 9.0% | -7.5% | 9.8 yr |
| WTWWillis Towers Watson Pub | $20M | 8.9% | -13.2% | 10.0 yr |
| CVSACovista Inc. | $14M | 6.4% | +14.5% | 0.3 yr |
| UHSUniversal Health Service | $12M | 5.1% | -4.4% | 10.3 yr |
| MTGMGIC Investment Corporat | $12M | 5.1% | +8.2% | 10.0 yr |
| IPGPIPG Photonics Corporatio | $9M | 3.9% | +81.5% | 9.5 yr |
| ZBRAZebra Technologies Corpo | $7M | 3.2% | -26.0% | 9.5 yr |
| GOOGAlphabet Inc. | $7M | 3.0% | +84.3% | 6.0 yr |
| DRIDarden Restaurants, Inc. | $7M | 3.0% | -3.5% | 9.5 yr |
| LITELumentum Holdings Inc. | $7M | 2.9% | +1027.3% | 7.5 yr |
| URIUnited Rentals, Inc. | $6M | 2.6% | +17.3% | 10.3 yr |
| EEMiShares MSCI Emerging Ma | $6M | 2.5% | — | 6.3 yr |
| EOGEOG Resources, Inc. | $6M | 2.5% | +16.9% | 10.3 yr |
| ORCLOracle Corporation | $6M | 2.5% | +5.9% | 5.3 yr |
| CHKPCheck Point Software Tec | $5M | 2.0% | -37.3% | 9.5 yr |
Portfolio composition (YoY)
Industry mix
Software - Infrastructure15.7%-2.7pp$36M
Insurance - Brokers8.9%-2.5pp$20M
Insurance - Specialty7.0%-0.4pp$16M
Personal Products & Services6.4%$14M
Communication Equipment6.1%+1.1pp$14M
Medical - Care Facilities5.2%-0.8pp$12M
Semiconductors4.6%+1.6pp$10M
Unknown4.0%-5.1pp$9M
Software - Application3.9%-0.9pp$9M
Internet Content & Information3.0%+1.2pp$7M
Country
US84.7%+9.3pp
GB8.9%-2.4pp
Unknown4.0%-5.1pp
IL2.2%-1.5pp
CA0.1%-0.3pp
Top 5: 34.6% · Top 10: 50.7% · Top 25: 79.3%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $226M | 78 | +8.81% | +17.59% | -8.78% | -0.01B |
| 2025-12-31 | $240M | 75 | +8.64% | +17.72% | -9.08% | +0.01B |
| 2025-09-30 | $240M | 75 | +8.02% | +17.52% | -9.50% | +0.00B |
| 2025-06-30 | $226M | 76 | +9.56% | +14.94% | -5.38% | +0.00B |
| 2025-03-31 | $206M | 74 | -0.64% | +8.30% | -8.94% | +0.00B |
| 2024-12-31 | $209M | 74 | +11.29% | +24.89% | -13.60% | +0.00B |
| 2024-09-30 | $213M | 74 | +29.84% | +36.04% | -6.20% | -0.00B |
| 2024-06-30 | $200M | 74 | +14.10% | +24.49% | -10.39% | +0.00B |
| 2024-03-31 | $200M | 73 | +24.31% | +29.62% | -5.32% | +0.00B |
| 2023-12-31 | $184M | 72 | +23.88% | +26.18% | -2.30% | -0.01B |
| 2023-09-30 | $170M | 73 | +18.92% | +21.57% | -2.65% | +0.00B |
| 2023-06-30 | $178M | 72 | +21.83% | +19.42% | +2.40% | -0.00B |
| 2023-03-31 | $167M | 70 | -4.59% | -7.82% | +3.23% | -0.00B |
| 2022-12-31 | $157M | 70 | +8.48% | +7.56% | +0.92% | -0.01B |
| 2022-09-30 | $158M | 73 | -3.59% | -4.93% | +1.34% | -0.00B |
| 2022-06-30 | $167M | 73 | -15.61% | -16.11% | +0.50% | -0.02B |