Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.00%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.00%
baseline attrition
Rally response
+0.00%
adds into rallies
when a holding rises +10%+
Top positions · 13
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CRSPCRISPR Therapeutics AG | $153M | 25.6% | — | 0.5 yr |
| WVEWave Life Sciences Ltd. | $132M | 22.1% | — | 0.5 yr |
| BNTXBioNTech SE | $79M | 13.2% | — | 0.5 yr |
| VIRVir Biotechnology, Inc. | $77M | 12.8% | — | 0.5 yr |
| IDYAIDEAYA Biosciences, Inc. | $44M | 7.4% | — | 0.5 yr |
| LYELLyell Immunopharma, Inc. | $30M | 5.1% | — | 0.5 yr |
| CYTKCytokinetics, Incorporat | $22M | 3.7% | — | 0.5 yr |
| SPROSpero Therapeutics, Inc. | $22M | 3.6% | — | 0.5 yr |
| FULCFulcrum Therapeutics, In | $14M | 2.3% | — | 0.5 yr |
| CVRXCVRx, Inc. | $10M | 1.6% | — | 0.5 yr |
| BCYCBicycle Therapeutics plc | $7M | 1.2% | — | 0.5 yr |
| NKTXNkarta, Inc. | $7M | 1.1% | — | 0.5 yr |
| RGNXREGENXBIO Inc. | $2M | 0.4% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Biotechnology98.4%$590M
Medical - Devices1.6%$10M
Country
US38.0%
CH25.6%
SG22.1%
DE13.2%
GB1.2%
Top 5: 81.1% · Top 10: 97.3% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 0
No buys this quarter
Top sells this quarter · 2
| — exit | −$0M |
| SENS Senseonics Holdings, Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $599M | 13 | -25.01% | -4.37% | -20.64% | -0.00B |
| 2025-12-31 | $799M | 15 | — | — | — | — |