Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-18.13%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.32%
baseline attrition
Rally response
+1.70%
adds into rallies
when a holding rises +10%+
Top positions · 5
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CACCCredit Acceptance Corpor | $40M | 39.7% | -2.9% | 8.5 yr |
| BTIBritish American Tobacco | $23M | 23.0% | +106.8% | 0.5 yr |
| WWayfair Inc. | $18M | 17.6% | +119.0% | 7.8 yr |
| WRLDWorld Acceptance Corpora | $10M | 10.4% | +62.1% | 8.5 yr |
| CMPRCimpress plc | $9M | 9.3% | +66.6% | 4.5 yr |
Portfolio composition (YoY)
Industry mix
Financial - Credit Services50.1%-22.2pp$51M
Tobacco23.0%$23M
Specialty Retail17.6%+5.5pp$18M
Advertising Agencies9.3%+0.9pp$9M
Country
US67.7%-23.7pp
GB23.0%
IE9.3%+0.9pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| CACC | $42M | -0.00B | -2.9% |
Top buys this quarter · 0
No buys this quarter
Top sells this quarter · 1
| YELP Yelp Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $101M | 5 | +27.55% | +3.26% | +24.29% | -0.00B |
| 2025-12-31 | $108M | 6 | +37.23% | +16.03% | +21.19% | +0.02B |
| 2023-09-30 | $82M | 6 | +27.58% | +21.57% | +6.01% | -0.00B |
| 2023-06-30 | $86M | 6 | +20.87% | +19.42% | +1.45% | -0.00B |
| 2023-03-31 | $67M | 6 | -35.48% | -7.82% | -27.66% | -0.00B |
| 2022-12-31 | $67M | 6 | +1.31% | +7.56% | -6.25% | +0.01B |
| 2022-09-30 | $55M | 6 | -9.98% | -4.93% | -5.05% | -0.02B |
| 2022-06-30 | $78M | 8 | -29.87% | -16.11% | -13.76% | -0.00B |
| 2022-03-31 | $112M | 8 | — | — | — | -0.04B |
| 2021-12-31 | $150M | 8 | — | — | — | +0.00B |
| 2021-09-30 | $145M | 8 | — | — | — | -0.01B |
| 2021-06-30 | $155M | 8 | — | — | — | +0.01B |
| 2021-03-31 | $144M | 8 | — | — | — | -0.00B |
| 2020-12-31 | $148M | 8 | — | — | — | -0.01B |
| 2020-09-30 | $161M | 8 | — | — | — | +0.02B |
| 2020-06-30 | $138M | 8 | — | — | — | +0.06B |