Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.16%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.18%
baseline attrition
Rally response
-3.05%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| AITApplied Industrial Techn | $37M | 6.6% | +18.6% | 10.5 yr |
| UNMUnum Group | $36M | 6.3% | -8.2% | 10.5 yr |
| NUENucor Corporation | $21M | 3.6% | +42.2% | 10.5 yr |
| SIGSignet Jewelers Limited | $20M | 3.6% | +48.1% | 10.5 yr |
| GRCThe Gorman-Rupp Company | $20M | 3.5% | +79.9% | 10.5 yr |
| TOU.TOTourmaline Oil Corp. | $19M | 3.4% | +0.5% | 10.5 yr |
| INGRIngredion Incorporated | $17M | 3.0% | -15.1% | 10.5 yr |
| REEverest Re Group, Ltd. | $16M | 2.8% | — | 10.5 yr |
| WSOWatsco, Inc. | $15M | 2.7% | -26.4% | 10.5 yr |
| MFCManulife Financial Corpo | $14M | 2.5% | +15.0% | 10.5 yr |
| FSLRFirst Solar, Inc. | $14M | 2.4% | +56.0% | 10.5 yr |
| BF-BBrown-Forman Corporation | $12M | 2.1% | -19.5% | 6.0 yr |
| BHFBrighthouse Financial, I | $11M | 2.0% | +3.3% | 8.8 yr |
| ALGAlamo Group Inc. | $11M | 1.9% | -6.8% | 10.0 yr |
| CTOCTO Realty Growth, Inc. | $11M | 1.9% | +4.2% | 5.3 yr |
Portfolio composition (YoY)
Industry mix
Unknown11.8%-0.3pp$67M
Insurance - Life10.8%-1.7pp$61M
Industrial - Distribution9.3%-0.8pp$53M
Oil & Gas Exploration & Production6.3%-0.1pp$36M
Industrial - Machinery5.8%+1.6pp$33M
Steel3.6%+0.8pp$21M
Luxury Goods3.6%+0.9pp$20M
Packaged Foods3.0%-0.8pp$17M
Beverages - Wineries & Distilleries2.9%-1.1pp$16M
Insurance - Reinsurance2.8%-0.5pp$16M
Country
US71.3%+0.1pp
Unknown11.8%-0.3pp
CA8.1%-0.3pp
BM6.4%+0.3pp
DK0.9%-0.1pp
CN0.7%+0.2pp
BR0.7%-0.1pp
EG0.1%+0.0pp
Top 5: 23.7% · Top 10: 38.0% · Top 25: 63.4%
Top buys this quarter · 15
| GEOS Geospace Technologies Corporat | +$2M |
| AMWD American Woodmark Corporation | +$1M |
| BF-B Brown-Forman Corporation | +$1M |
| APOG Apogee Enterprises, Inc. | +$1M |
| SCL Stepan Company | +$0M |
| HNI HNI Corporation | +$1M |
| OESX Orion Energy Systems, Inc. | +$2M |
| GOOG Alphabet Inc. | +$0M |
| AAPL Apple Inc. | +$3M |
| CULP Culp, Inc. | +$0M |
Top sells this quarter · 15
| PTEN Patterson-UTI Energy, Inc. | −$2M |
| 3899.HK CIMC Enric Holdings Limited | −$4M |
| NTR Nutrien Ltd. | −$6M |
| GHM Graham Corporation | −$1M |
| WMT Walmart Inc. | −$1M |
| GRC The Gorman-Rupp Company | −$16M |
| ALRS Alerus Financial Corporation | −$1M |
| HP Helmerich & Payne, Inc. | −$3M |
| MCD McDonald's Corporationexit | −$0M |
| ORN Orion Group Holdings, Inc. | −$9M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $566M | 134 | +14.83% | +17.59% | -2.76% | -0.01B |
| 2025-12-31 | $561M | 134 | +8.37% | +17.72% | -9.35% | -0.02B |
| 2025-09-30 | $567M | 134 | +4.36% | +17.52% | -13.16% | -0.01B |
| 2025-06-30 | $546M | 134 | +3.66% | +14.94% | -11.28% | +0.01B |
| 2025-03-31 | $524M | 133 | -3.06% | +8.30% | -11.36% | +0.01B |
| 2024-12-31 | $535M | 131 | +6.02% | +24.89% | -18.86% | -0.01B |
| 2024-09-30 | $554M | 129 | +16.36% | +36.04% | -19.68% | -0.01B |
| 2024-06-30 | $532M | 131 | +10.19% | +24.49% | -14.30% | -0.00B |
| 2024-03-31 | $555M | 130 | +17.69% | +29.62% | -11.94% | -0.05B |
| 2023-12-31 | $570M | 136 | +18.54% | +26.18% | -7.64% | -0.01B |
| 2023-09-30 | $536M | 142 | +16.73% | +21.57% | -4.83% | -0.01B |
| 2023-06-30 | $544M | 142 | +16.53% | +19.42% | -2.89% | +0.01B |
| 2023-03-31 | $521M | 138 | -2.56% | -7.82% | +5.26% | -0.02B |
| 2022-12-31 | $505M | 129 | +6.82% | +7.56% | -0.75% | +0.01B |
| 2022-09-30 | $464M | 129 | -0.48% | -4.93% | +4.45% | -0.01B |
| 2022-06-30 | $479M | 127 | -13.72% | -16.11% | +2.39% | +0.02B |