Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-9.17%
trims when stocks drop
when a holding falls −10%+
Middle response
-6.26%
baseline attrition
Rally response
+2.48%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $104M | 10.9% | +60.9% | 10.0 yr |
| EMEEMCOR Group, Inc. | $30M | 3.1% | +100.2% | 2.8 yr |
| FIXComfort Systems USA, Inc | $27M | 2.8% | +329.0% | 4.0 yr |
| PWRQuanta Services, Inc. | $25M | 2.7% | +116.2% | 6.5 yr |
| LLYEli Lilly and Company | $25M | 2.6% | +12.2% | 9.3 yr |
| VRTVertiv Holdings Co | $24M | 2.5% | +247.5% | 2.3 yr |
| CRSCarpenter Technology Cor | $19M | 2.0% | +118.3% | 2.8 yr |
| BEBloom Energy Corporation | $17M | 1.8% | +589.2% | 1.3 yr |
| STXSeagate Technology Holdi | $17M | 1.8% | +366.3% | 1.5 yr |
| HWMHowmet Aerospace Inc. | $17M | 1.7% | +78.1% | 3.0 yr |
| UIUbiquiti Inc. | $17M | 1.7% | +156.2% | 3.0 yr |
| AGXArgan, Inc. | $16M | 1.7% | +318.5% | 2.8 yr |
| KGCKinross Gold Corporation | $16M | 1.7% | +143.6% | 1.3 yr |
| XOMExxon Mobil Corporation | $16M | 1.6% | +47.6% | 9.5 yr |
| CAHCardinal Health, Inc. | $14M | 1.5% | +54.9% | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors13.6%+3.8pp$131M
Engineering & Construction11.9%+4.9pp$114M
Gold7.9%+5.1pp$76M
Electrical Equipment & Parts5.5%+3.8pp$53M
Aerospace & Defense5.1%+0.6pp$49M
Drug Manufacturers - General4.2%-0.4pp$41M
Asset Management3.8%+1.0pp$37M
Communication Equipment3.3%+2.8pp$31M
Computer Hardware2.7%-0.0pp$26M
Software - Infrastructure2.5%-0.9pp$24M
Country
US83.7%-7.0pp
CA7.2%+4.6pp
SG1.8%+1.4pp
IL1.7%+1.4pp
GB1.2%+0.7pp
Unknown0.8%-0.3pp
BR0.8%+0.4pp
NL0.5%-0.1pp
Top 5: 22.1% · Top 10: 32.0% · Top 25: 52.3%
Top buys this quarter · 15
| MTZ MasTec, Inc. | +$6M |
| COHR Coherent, Inc.new | +$6M |
| B Barrick Mining Corporation | +$5M |
| AEIS Advanced Energy Industries, In | +$4M |
| CIEN Ciena Corporation | +$3M |
| NVDA NVIDIA Corporation | +$104M |
| CGAU Centerra Gold Inc.new | +$3M |
| HBM Hudbay Minerals Inc.new | +$3M |
| VALE Vale S.A. | +$2M |
| WPM Wheaton Precious Metals Corp.new | +$2M |
Top sells this quarter · 15
| MU Micron Technology, Inc. | −$75M |
| LFUS Littelfuse, Inc. | −$8M |
| EXEL Exelixis, Inc.exit | −$7M |
| GWRE Guidewire Software, Inc.exit | −$5M |
| HOOD Robinhood Markets, Inc.exit | −$5M |
| IDXX IDEXX Laboratories, Inc. | −$4M |
| TRGP Targa Resources Corp. | −$4M |
| STN Stantec Inc.exit | −$4M |
| AGX Argan, Inc. | −$11M |
| RCL Royal Caribbean Cruises Ltd. | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $960M | 326 | +43.43% | +17.59% | +25.83% | -0.00B |
| 2025-12-31 | $892M | 327 | +28.57% | +17.72% | +10.85% | -0.10B |
| 2025-09-30 | $986M | 353 | +29.49% | +17.52% | +11.97% | +0.09B |
| 2025-06-30 | $807M | 306 | +23.70% | +14.94% | +8.76% | -0.06B |
| 2025-03-31 | $724M | 299 | +6.19% | +8.30% | -2.12% | -0.08B |
| 2024-12-31 | $834M | 328 | +27.13% | +24.89% | +2.25% | +0.08B |
| 2024-09-30 | $738M | 316 | +36.99% | +36.04% | +0.96% | -0.16B |
| 2024-06-30 | $852M | 335 | +29.17% | +24.49% | +4.68% | +0.02B |
| 2024-03-31 | $812M | 332 | +29.55% | +29.62% | -0.07% | +0.04B |
| 2023-12-31 | $667M | 317 | +12.99% | +26.18% | -13.19% | +0.03B |
| 2023-09-30 | $583M | 306 | +12.20% | +21.57% | -9.37% | +0.07B |
| 2023-06-30 | $513M | 257 | +12.36% | +19.42% | -7.06% | +0.03B |
| 2023-03-31 | $475M | 268 | -6.26% | -7.82% | +1.56% | -0.02B |
| 2022-12-31 | $491M | 251 | -11.19% | -18.17% | +6.98% | +0.00B |
| 2022-09-30 | $450M | 258 | -9.48% | -15.51% | +6.03% | -0.01B |
| 2022-06-30 | $466M | 272 | -8.54% | -10.62% | +2.08% | -0.04B |