Tailwind
Housing
U.S. residential cycle — new construction and repair-and-remodel exposure across builders, building products, and retail.
24 names · L1 theme · 2 sub-themes
L2New Build
14 · Peripheral
- BLDTopBuild
- IBPInstalled Building Products
- KBHKB Home
- LENLennar
- MASMasco
- MHKMohawk Industries
- MTHMeritage Homes
- NVRNVR
- OC—name pending
- PHMPulteGroup
- RKTRocket Companies
- TMHCTaylor Morrison Home
- TOLToll Brothers
- Z—name pending
L2R&R
10 · Peripheral
- BLDRBuilders FirstSource
- FBINFortune Brands Innovations
- FNDFloor & Decor
- JHX—name pending
- LOWLowe's
- POOLPool Corp
- SGISomnigroup International
- SHW—name pending
- TREX—name pending
- WWayfair
Tailwind
Low Income
Consumer-finance and fintech names levered to the lower-income borrower and the credit cycle.
11 names · single L1 theme · all Peripheral
- AFRMAffirm Holdings
- BFHBread Financial
- CACCCredit Acceptance
- CHYMChime Financial
- COFCapital One Financial
- DAVEDave
- OMFOneMain Holdings
- SEZLSezzle
- SOFISoFi Technologies
- SYFSynchrony Financial
- UPSTUpstart Holdings
Tailwind
Cannabis
U.S. multi-state operators (MSOs) and Canadian-listed cannabis names levered to demand growth and regulatory normalization — rescheduling, SAFE banking, state legalization.
9 names · single L1 theme · all Core
- AYRWFAyr Wellness
- CHUCCharlies
- CLCresco Labs
- CURACuraleaf
- GTIIGreen Thumb
- JUSHJushi
- RYMRythm
- TRLVTrulieve
- VREOVireo Growth