Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.31%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.07%
baseline attrition
Rally response
-8.67%
trims into rallies
when a holding rises +10%+
Top positions · 8
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MMacy's, Inc. | $26M | 21.3% | +50.6% | 7.0 yr |
| MATWMatthews International C | $24M | 19.4% | +21.2% | 4.0 yr |
| CHEChemed Corporation | $22M | 17.5% | -38.3% | 0.5 yr |
| GILGildan Activewear Inc. | $16M | 12.9% | +28.0% | 0.5 yr |
| EMLThe Eastern Company | $13M | 10.6% | -18.4% | 10.5 yr |
| BILLBill.com Holdings, Inc. | $12M | 9.8% | -16.5% | 0.8 yr |
| BBWIBath & Body Works, Inc. | $7M | 5.3% | -36.2% | 3.3 yr |
| COLDAmericold Realty Trust, | $4M | 3.3% | -43.9% | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Department Stores21.3%+4.5pp$26M
Conglomerates19.4%+0.7pp$24M
Medical - Care Facilities17.5%$22M
Apparel - Manufacturers12.9%+1.3pp$16M
Manufacturing - Tools & Accessories10.6%-6.2pp$13M
Software - Application9.8%$12M
Specialty Retail5.3%$7M
REIT - Industrial3.3%$4M
Country
US87.1%-12.9pp
CA12.9%
Top 5: 81.7% · Top 10: 100.0% · Top 25: 100.0%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| EML | $16M | -0.00B | -18.4% |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $123M | 8 | +41.11% | +17.59% | +23.52% | -0.01B |
| 2025-12-31 | $152M | 11 | +43.51% | +17.72% | +25.79% | -0.01B |
| 2025-09-30 | $133M | 12 | +14.96% | +17.52% | -2.56% | +0.00B |
| 2025-06-30 | $108M | 8 | -1.10% | +14.94% | -16.04% | +0.01B |
| 2025-03-31 | $95M | 10 | -21.10% | +8.30% | -29.40% | -0.01B |
| 2024-12-31 | $110M | 9 | -3.93% | +24.89% | -28.82% | +0.02B |
| 2024-09-30 | $95M | 9 | +13.23% | +36.04% | -22.81% | +0.00B |
| 2024-06-30 | $87M | 13 | -3.24% | +24.49% | -27.74% | +0.00B |
| 2024-03-31 | $102M | 13 | +27.77% | +29.62% | -1.85% | +0.01B |
| 2023-12-31 | $78M | 16 | +29.57% | +26.18% | +3.40% | -0.00B |
| 2023-09-30 | $70M | 14 | +42.88% | +21.57% | +21.31% | +0.02B |
| 2023-06-30 | $60M | 9 | +57.61% | +19.42% | +38.19% | -0.02B |
| 2023-03-31 | $73M | 10 | +4.97% | -7.82% | +12.79% | -0.00B |
| 2022-12-31 | $67M | 13 | +26.69% | +7.56% | +19.12% | +0.00B |
| 2022-09-30 | $50M | 12 | -2.07% | -4.93% | +2.86% | -0.00B |
| 2022-06-30 | $55M | 8 | -25.42% | -16.11% | -9.31% | -0.01B |