Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-23.59%
trims when stocks drop
when a holding falls −10%+
Middle response
-12.13%
baseline attrition
Rally response
+9.83%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| TRSTriMas Corporation | $40M | 4.9% | +54.1% | 7.0 yr |
| OPLNOPENLANE, Inc. | $37M | 4.6% | +51.2% | 2.8 yr |
| MYEMyers Industries, Inc. | $32M | 4.0% | +83.2% | 1.0 yr |
| TSMTaiwan Semiconductor Man | $28M | 3.4% | +105.6% | 7.5 yr |
| GOOGLAlphabet Inc. | $27M | 3.3% | — | 9.5 yr |
| PRSUPursuit Attractions and | $24M | 3.0% | +3.5% | 4.3 yr |
| BELFBBel Fuse Inc. | $24M | 2.9% | — | 3.0 yr |
| KDPKeurig Dr Pepper Inc. | $22M | 2.7% | -21.2% | 2.3 yr |
| MTGMGIC Investment Corporat | $21M | 2.6% | +8.2% | 4.3 yr |
| NPKNational Presto Industri | $20M | 2.5% | +57.1% | 0.3 yr |
| DJCODaily Journal Corporatio | $20M | 2.5% | +21.3% | 1.3 yr |
| PMPhilip Morris Internatio | $20M | 2.4% | +7.9% | 3.3 yr |
| AVGOBroadcom Inc. | $20M | 2.4% | +86.0% | 8.0 yr |
| CMECME Group Inc. | $19M | 2.3% | +15.6% | 2.5 yr |
| LEGHLegacy Housing Corporati | $19M | 2.3% | -19.0% | 2.3 yr |
Portfolio composition (YoY)
Industry mix
Packaging & Containers8.9%+4.8pp$73M
Semiconductors6.5%+1.5pp$53M
Auto - Dealerships6.4%+3.2pp$52M
Internet Content & Information4.6%+2.3pp$37M
Software - Application4.3%+1.3pp$35M
Oil & Gas Exploration & Production4.0%+3.6pp$32M
Drug Manufacturers - General3.7%+0.3pp$30M
Banks - Regional3.4%-2.5pp$28M
Tobacco3.4%-0.3pp$27M
Hardware, Equipment & Parts3.3%-1.9pp$27M
Country
US89.2%-1.5pp
GB3.5%+0.1pp
TW3.4%+0.9pp
KR1.6%+0.7pp
GR0.7%+0.3pp
CL0.6%
Unknown0.5%-0.5pp
IE0.3%+0.0pp
Top 5: 20.2% · Top 10: 33.9% · Top 25: 64.9%
Top buys this quarter · 15
| NPK National Presto Industries, Innew | +$20M |
| APA APA Corporationnew | +$16M |
| MTDR Matador Resources Company | +$14M |
| MPC Marathon Petroleum Corporation | +$9M |
| ACVA ACV Auctions Inc. | +$8M |
| KDP Keurig Dr Pepper Inc. | +$7M |
| LTM LATAM Airlines Group S.A.new | +$5M |
| MYE Myers Industries, Inc. | +$5M |
| OPLN OPENLANE, Inc. | +$4M |
| LEGH Legacy Housing Corporation | +$4M |
Top sells this quarter · 15
| PHIN PHINIA Inc. | −$16M |
| TPR Tapestry, Inc. | −$15M |
| DJCO Daily Journal Corporation | −$11M |
| PM Philip Morris International In | −$10M |
| TSM Taiwan Semiconductor Manufactu | −$8M |
| PFGC Performance Food Group Company | −$7M |
| GSK GSK plc | −$7M |
| AVGO Broadcom Inc. | −$6M |
| HLLY Holley Inc. | −$5M |
| HMC Honda Motor Co., Ltd.exit | −$3M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $813M | 137 | +22.15% | +17.59% | +4.56% | +0.01B |
| 2025-12-31 | $796M | 143 | +15.18% | +17.72% | -2.54% | +0.03B |
| 2025-09-30 | $761M | 149 | +15.81% | +17.52% | -1.71% | +0.04B |
| 2025-06-30 | $651M | 142 | +13.57% | +14.94% | -1.37% | +0.03B |
| 2025-03-31 | $567M | 148 | +1.47% | +8.30% | -6.83% | -0.00B |
| 2024-12-31 | $602M | 152 | +13.72% | +24.89% | -11.17% | +0.03B |
| 2024-09-30 | $563M | 156 | +13.74% | +36.04% | -22.29% | -0.02B |
| 2024-06-30 | $532M | 160 | +8.98% | +24.49% | -15.51% | +0.04B |
| 2024-03-31 | $503M | 157 | +20.30% | +29.62% | -9.32% | -0.19B |
| 2023-12-31 | $648M | 331 | +13.90% | +26.18% | -12.27% | -0.08B |
| 2023-09-30 | $720M | 424 | +19.66% | +21.57% | -1.90% | -0.09B |
| 2023-06-30 | $780M | 436 | +16.10% | +19.42% | -3.32% | +0.13B |
| 2023-03-31 | $608M | 348 | -6.50% | -7.82% | +1.31% | -0.46B |
| 2022-12-31 | $1.06B | 364 | -11.26% | -18.17% | +6.92% | -0.02B |
| 2022-09-30 | $1.02B | 353 | +7.76% | -15.51% | +23.27% | -0.10B |
| 2022-06-30 | $1.11B | 457 | -13.39% | -16.11% | +2.72% | +0.03B |