Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.51%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.79%
baseline attrition
Rally response
-8.46%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CGAUCenterra Gold Inc. | $39M | 2.0% | +186.0% | 5.0 yr |
| TCBITexas Capital Bancshares | $32M | 1.6% | +27.0% | 4.3 yr |
| SIMOSilicon Motion Technolog | $28M | 1.4% | +127.9% | 3.3 yr |
| ECPGEncore Capital Group, In | $27M | 1.4% | +104.6% | 1.3 yr |
| CCSCentury Communities, Inc | $26M | 1.3% | -12.9% | 8.3 yr |
| TFXTeleflex Incorporated | $26M | 1.3% | -12.4% | 1.8 yr |
| TDYTeledyne Technologies In | $25M | 1.3% | +21.6% | 2.3 yr |
| VNOMViper Energy, Inc. | $25M | 1.3% | — | 0.8 yr |
| EGOEldorado Gold Corporatio | $24M | 1.2% | +104.5% | 1.5 yr |
| ASBAssociated Banc-Corp | $23M | 1.2% | +19.1% | 9.8 yr |
| NOVNOV Inc. | $22M | 1.1% | +28.4% | 5.3 yr |
| ITGRInteger Holdings Corpora | $22M | 1.1% | -25.4% | 3.3 yr |
| CCBGCapital City Bank Group, | $22M | 1.1% | +23.9% | 10.5 yr |
| EXCExelon Corporation | $21M | 1.1% | +10.2% | 10.5 yr |
| PSAPublic Storage | $21M | 1.1% | -5.7% | 5.8 yr |
Portfolio composition (YoY)
Industry mix
Banks - Regional10.8%+0.3pp$211M
Semiconductors4.1%+0.6pp$79M
Hardware, Equipment & Parts3.8%+0.6pp$75M
Medical - Instruments & Supplies3.5%+1.1pp$69M
Gold3.3%+1.1pp$65M
Industrial - Machinery2.8%-1.8pp$54M
REIT - Industrial2.6%-0.6pp$52M
Oil & Gas Equipment & Services2.6%+0.3pp$51M
Oil & Gas Exploration & Production2.6%+0.2pp$51M
Regulated Electric2.6%+1.0pp$51M
Country
US90.3%-0.2pp
CA4.0%+1.5pp
HK1.4%+0.1pp
Unknown1.4%+0.7pp
BM0.9%
KY0.5%+0.1pp
IL0.4%-0.1pp
JO0.4%-0.2pp
Top 5: 7.8% · Top 10: 14.1% · Top 25: 29.4%
Top buys this quarter · 15
| TFX Teleflex Incorporated | +$13M |
| GTY Getty Realty Corp.new | +$11M |
| MUSA Murphy USA Inc. | +$10M |
| COLM Columbia Sportswear Company | +$9M |
| NIC Nicolet Bankshares, Inc.new | +$8M |
| KEYS Keysight Technologies, Inc. | +$8M |
| UTL Unitil Corporationnew | +$8M |
| PRMB Primo Brands Corporation | +$8M |
| SHLS Shoals Technologies Group, Incnew | +$7M |
| CHH Choice Hotels International, Inew | +$6M |
Top sells this quarter · 15
| LINC Lincoln Educational Services C | −$38M |
| THR Thermon Group Holdings, Inc.exit | −$13M |
| UGI UGI Corporationexit | −$12M |
| NSA National Storage Affiliates Tr | −$11M |
| RDN Radian Group Inc.exit | −$10M |
| SNN Smith & Nephew plcexit | −$10M |
| KMB Kimberly-Clark Corporationexit | −$9M |
| STKL SunOpta Inc. | −$7M |
| ESS Essex Property Trust, Inc.exit | −$6M |
| PNC The PNC Financial Services Gro | −$6M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.96B | 244 | +20.97% | +17.59% | +3.38% | -0.02B |
| 2025-12-31 | $1.86B | 253 | +10.26% | +17.72% | -7.46% | -0.05B |
| 2025-09-30 | $1.89B | 237 | +8.76% | +17.52% | -8.75% | -0.03B |
| 2025-06-30 | $1.79B | 213 | +10.40% | +14.94% | -4.54% | -0.03B |
| 2025-03-31 | $1.74B | 202 | +1.31% | +8.30% | -6.99% | -0.05B |
| 2024-12-31 | $1.84B | 198 | +10.34% | +24.89% | -14.55% | -0.05B |
| 2024-09-30 | $1.91B | 184 | +22.14% | +36.04% | -13.90% | -0.04B |
| 2024-06-30 | $1.79B | 178 | +9.51% | +24.49% | -14.98% | -0.05B |
| 2024-03-31 | $1.91B | 175 | +18.26% | +29.62% | -11.37% | -0.12B |
| 2023-12-31 | $1.91B | 183 | +13.98% | +26.18% | -12.20% | -0.04B |
| 2023-09-30 | $1.78B | 178 | +15.97% | +21.57% | -5.60% | +0.07B |
| 2023-06-30 | $1.75B | 174 | +12.99% | +19.42% | -6.44% | +0.07B |
| 2023-03-31 | $1.62B | 174 | -1.39% | -7.82% | +6.43% | +0.01B |
| 2022-12-31 | $1.58B | 181 | +11.88% | +7.56% | +4.32% | +0.08B |
| 2022-09-30 | $1.34B | 179 | -4.69% | -4.93% | +0.24% | -0.03B |
| 2022-06-30 | $1.44B | 188 | -9.28% | -16.11% | +6.83% | -0.02B |