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Strong institutional accumulation: ownership increased +5.79% quarter-over-quarter.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $15.05 today, the market must believe free cash flow compounds -0.9%/yr for a decade (off $27M normalized FCF).
The market's -0.9% is more optimistic than its 9-yr track record.
2-stage DCF · 0.02B shares · net debt -$67M
mean 17.9% · volatility σ 65% · implied rate exceeded in 4/9 yrs
Central path = implied -0.9%/yr growth; shaded band = ±1σ (65%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
5/8 of the 9 checks — 1 couldn't be scored (see above), so the score is out of the 8 with data.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Cash conversion lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Coverage data unavailable; leverage falling year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $38M buybacks = $38M returned on $4M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: 5%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest expense isn't separately reported — often netted into “other income (expense), net.”
Cash of $67M fully covers short-term debt of $0.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $213.2M 100.0% | $191.2M 100.0% | $189.7M 100.0% | $187.8M 100.0% | $224.1M 100.0% | $150.1M 100.0% | $376.3M 100.0% | $323.5M 100.0% | $262.6M 100.0% | $199.6M 100.0% |
| Cost of Revenue | — | — | — | — | $0 0.0% | $0 0.0% | $242.9M 64.5% | $214.5M 66.3% | $189.1M 72.0% | $141.0M 70.6% |
| Gross Profit | — | — | $333.3M 175.7% | $282.7M 150.6% | $195.3M 87.2% | $123.4M 82.2% | $106.9M 28.4% | $83.2M 25.7% | $56.8M 21.6% | $45.6M 22.8% |
| Selling, General & Admin | $114.7M 53.8% | $100.8M 52.7% | $106.0M 55.9% | $156.7M 83.4% | $134.9M 60.2% | $78.3M 52.2% | $62.9M 16.7% | $40.6M 12.5% | $27.2M 10.4% | $20.4M 10.2% |
| Total Operating Expenses | $209.4M 98.2% | $186.9M 97.7% | $194.1M 102.3% | $210.9M 112.3% | $224.1M 100.0% | $142.4M 94.8% | $369.9M 98.3% | $311.1M 96.2% | $255.0M 97.1% | $195.7M 98.0% |
| Operating Income | $3.8M 1.8% | $4.4M 2.3% | -$4.4M -2.3% | -$23.1M -12.3% | -$12K -0.0% | $7.8M 5.2% | $6.4M 1.7% | $12.4M 3.8% | $7.6M 2.9% | $4.0M 2.0% |
| Other Income (Expense), net | $7.1M 3.3% | -$25.9M -13.5% | -$23.9M -12.6% | -$15.8M -8.4% | -$7.2M -3.2% | -$11.5M -7.7% | -$6.0M -1.6% | -$17.0M -5.3% | -$6.5M -2.5% | -$5.8M -2.9% |
| Pretax Income | $10.9M 5.1% | -$21.5M -11.2% | -$28.3M -14.9% | -$38.9M -20.7% | -$7.2M -3.2% | -$3.8M -2.5% | $386K 0.1% | -$4.6M -1.4% | $1.1M 0.4% | -$1.9M -0.9% |
| Income Tax Expense | $5.3M 2.5% | -$5.5M -2.9% | -$3.5M -1.8% | $152K 0.1% | $623K 0.3% | -$2.8M -1.9% | -$177K -0.0% | $337K 0.1% | $177K 0.1% | $243K 0.1% |
| Net Income | $17.9M 8.4% | $113.3M 59.3% | -$811K -0.4% | -$17.1M -9.1% | -$4.5M -2.0% | -$419K -0.3% | -$3.0M -0.8% | -$6.9M -2.1% | $902K 0.3% | -$2.1M -1.0% |
| Per Share | ||||||||||
| EPS (Basic) | $0.75 | $4.84 | $-0.04 | $-0.77 | $-0.21 | $-0.03 | $-0.29 | $0.08 | — | — |
| EPS (Diluted) | $0.72 | $4.73 | $-0.07 | $-0.77 | $-0.22 | $-0.03 | $-0.29 | $0.08 | — | — |
| Weighted Avg Shares (Basic) | 23.9M | 23.4M | 23.1M | 22.2M | 21.0M | 14.8M | 10.5M | 8.8M | — | — |
| Weighted Avg Shares (Diluted) | 34.2M | 33.9M | 33.2M | 22.2M | 31.7M | 27.4M | 10.5M | 26.9M | — | — |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Ranked against 743 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TSM | $11.16T | — | — | — | — | — | — | — | — | — | 3,121 |
| NVDA | $5.33T | 44.8× | 40.0× | 24.7× | 65.5% | 71.1% | 55.6% | 76.3% | 72.4% | 0.1× | 5,582 |
| AAPL | $4.98T | 45.2× | 34.8× | 12.0× | 6.4% | 46.9% | 26.9% | 152% | 68.1% | 0.6× | 5,858 |
| MSFT | $3.70T | 27.7× | 19.6× | 11.1× | 17.8% | 67.9% | 40.3% | 30.2% | 27.7% | 0.2× | 5,944 |
| AVGO | $1.65T | 72.8× | 65.1× | 25.8× | 23.9% | 67.8% | 36.2% | 28.4% | 15.8% | 2.5× | 4,442 |
| MU | $1.10T | 128.8× | 60.7× | 29.3× | 48.9% | 39.8% | 22.8% | 15.8% | 12.9% | 0.7× | 2,894 |
| AMD | $888.5B | 205.7× | 210.2× | 25.6× | 34.3% | 49.5% | 12.5% | 6.9% | 6.5% | 0.8× | 3,059 |
| INTC | $543.3B | — | 67.4× | 10.3× | -0.5% | 34.8% | -0.5% | -0.2% | -0.2% | 5.5× | 2,495 |
| CSCO | $436.6B | 43.2× | 36.6× | 7.7× | 5.3% | 64.9% | 18.0% | 21.7% | 13.6% | 2.3× | 3,560 |
| PLTR | $421.4B | 279.8× | 291.6× | 94.2× | 56.2% | 82.4% | 36.3% | 22.0% | 22.0% | — | 2,883 |
| DELL | $383.6B | 67.8× | 36.1× | 3.4× | 18.8% | 20.0% | 5.2% | -240% | 20.4% | 2.8× | 1,564 |
| LRCX | $341.7B | 64.9× | 54.5× | 18.5× | 23.7% | 48.7% | 29.1% | 54.3% | 37.4% | 0.7× | 2,500 |
| RPAY | $338.0B | — | — | 1092.8× | -1.2% | 75.0% | -83.0% | -53.0% | -28.2% | -1.7× | 142 |
| AMAT | $331.0B | 48.2× | 38.1× | 11.7× | 4.4% | 48.7% | 24.7% | 34.3% | 25.9% | 0.8× | 2,826 |
| UMC | $307.4B | — | — | — | — | — | — | — | — | — | 302 |
| ARM | $281.9B | 311.6× | 242.9× | 57.3× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| SAP | $262.5B | — | — | — | — | — | — | — | — | — | 794 |
| ANET | $250.7B | 72.6× | 63.3× | 27.8× | 28.6% | 64.1% | 39.0% | 28.4% | 28.4% | — | 1,930 |
| PANW | $250.5B | 234.4× | 156.5× | 27.2× | 14.9% | 73.4% | 12.3% | 14.5% | 14.5% | — | 2,374 |
| SNDK | $235.7B | — | — | 32.0× | 10.4% | 30.1% | -22.3% | -17.8% | -14.8% | -1.5× | 1,127 |
| TXN | $234.6B | 47.4× | 30.9× | 13.3× | 13.0% | 57.0% | 28.3% | 30.7% | 16.5% | 1.8× | 2,345 |
| CRM | $225.6B | 31.1× | 24.4× | 5.4× | 9.6% | 77.7% | 18.0% | 12.6% | 10.1% | 1.5× | 2,547 |
| IBM | $222.8B | 21.3× | — | 3.3× | 7.6% | 58.2% | 15.7% | 32.4% | 11.3% | — | 3,351 |
| MRVL | $204.0B | 78.4× | 133.3× | 24.9× | 42.1% | 51.0% | 32.6% | 18.7% | 14.2% | 2.9× | 1,477 |
| QCOM | $202.7B | 37.7× | 15.2× | 4.6× | 13.7% | 55.4% | 12.5% | 26.1% | 15.4% | 1.1× | 2,611 |
| IIIV | $360M | 20.9× | 9.3× | 1.7× | 11.5% | — | 8.4% | 4.6% | 4.6% | 0.0× | 135 |
Peers = companies sharing IIIV's sector (Technology) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-09-17
No material risks flagged.
Where each multiple sits in its own 8-yr range · 14th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 8-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 66.3 | 64.5 | 0.0 | 0.0 | — | — | — | — |
| Gross Profit | 25.7 | 28.4 | 82.2 | 87.2 | 150.6 | 175.7 | — | — |
| SG&A | 12.5 | 16.7 | 52.2 | 60.2 | 83.4 | 55.9 | 52.7 | 53.8 |
| Operating Income | 3.8 | 1.7 | 5.2 | -0.0 | -12.3 | -2.3 | 2.3 | 1.8 |
| Income Tax | 0.1 | -0.0 | -1.9 | 0.3 | 0.1 | -1.8 | -2.9 | 2.5 |
| Net Income | -2.1 | -0.8 | -0.3 | -2.0 | -9.1 | -0.4 | 59.3 | 8.4 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on IIIV: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.