Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-5.91%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.01%
steady accumulation
Rally response
-3.80%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| WPMWheaton Precious Metals | $60M | 9.8% | +70.0% | 6.8 yr |
| APHAmphenol Corporation | $31M | 5.1% | +93.6% | 4.3 yr |
| SCIService Corporation Inte | $30M | 5.0% | +4.6% | 10.3 yr |
| ADIAnalog Devices, Inc. | $30M | 5.0% | +60.2% | 5.3 yr |
| AMEAMETEK, Inc. | $30M | 4.9% | +25.3% | 8.0 yr |
| VVisa Inc. | $29M | 4.8% | -13.1% | 6.3 yr |
| — | $29M | 4.7% | — | 6.3 yr |
| ECLEcolab Inc. | $28M | 4.6% | +6.0% | 10.3 yr |
| ROLRollins, Inc. | $24M | 4.0% | +0.0% | 3.0 yr |
| FERGFerguson plc | $24M | 4.0% | +47.8% | 1.5 yr |
| AWKAmerican Water Works Com | $23M | 3.8% | -5.4% | 3.3 yr |
| DCIDonaldson Company, Inc. | $23M | 3.8% | +28.4% | 2.3 yr |
| SCHWThe Charles Schwab Corpo | $23M | 3.7% | +21.5% | 2.3 yr |
| KAIKadant Inc. | $22M | 3.6% | -12.8% | 4.3 yr |
| DHRDanaher Corporation | $22M | 3.6% | -7.1% | 6.3 yr |
Portfolio composition (YoY)
Industry mix
Industrial - Machinery12.6%+4.3pp$77M
Gold9.8%-2.5pp$60M
Personal Products & Services8.9%+0.4pp$55M
Industrial - Distribution8.7%+4.1pp$53M
Hardware, Equipment & Parts8.1%+3.6pp$50M
Medical - Diagnostics & Research5.2%+0.7pp$32M
Semiconductors5.0%+1.1pp$30M
Electrical Equipment & Parts4.9%+1.1pp$30M
Financial - Credit Services4.8%-0.6pp$29M
Unknown4.7%-0.9pp$29M
Country
US76.1%-1.5pp
CA12.2%-1.1pp
Unknown4.7%-0.9pp
GB4.0%+1.4pp
IL3.0%+2.0pp
Top 5: 29.7% · Top 10: 51.8% · Top 25: 94.1%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $611M | 37 | +14.02% | +17.59% | -3.57% | -0.01B |
| 2025-12-31 | $622M | 33 | +19.25% | +17.72% | +1.54% | -0.01B |
| 2025-09-30 | $622M | 32 | +12.85% | +17.52% | -4.67% | -0.04B |
| 2025-06-30 | $637M | 36 | +18.53% | +14.94% | +3.59% | -0.05B |
| 2025-03-31 | $635M | 36 | +10.11% | +8.30% | +1.80% | -0.04B |
| 2024-12-31 | $648M | 37 | +13.68% | +24.89% | -11.21% | +0.03B |
| 2024-09-30 | $640M | 36 | +28.90% | +36.04% | -7.13% | +0.00B |
| 2024-06-30 | $582M | 36 | +10.97% | +24.49% | -13.52% | -0.01B |
| 2024-03-31 | $593M | 36 | +13.51% | +29.62% | -16.11% | -0.01B |
| 2023-12-31 | $561M | 34 | +13.87% | +26.18% | -12.31% | -0.02B |
| 2023-09-30 | $529M | 36 | +19.58% | +21.57% | -1.98% | +0.01B |
| 2023-06-30 | $554M | 37 | +19.75% | +19.42% | +0.33% | +0.02B |
| 2023-03-31 | $521M | 36 | +6.16% | -7.82% | +13.97% | +0.04B |
| 2022-12-31 | $444M | 33 | +15.46% | +7.56% | +7.90% | +0.03B |
| 2022-09-30 | $357M | 27 | -5.72% | -4.93% | -0.79% | -0.06B |
| 2022-06-30 | $446M | 33 | -9.50% | -16.11% | +6.61% | -0.04B |