Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.83%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.30%
baseline attrition
Rally response
-5.33%
trims into rallies
when a holding rises +10%+
Top positions · 5
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GENBGenerate Biomedicines, I | $783M | 67.4% | — | 0.3 yr |
| MRNAModerna, Inc. | $235M | 20.3% | +79.2% | 7.5 yr |
| SANASana Biotechnology, Inc. | $72M | 6.2% | +71.4% | 5.3 yr |
| FHTXFoghorn Therapeutics Inc | $61M | 5.2% | +31.0% | 5.5 yr |
| MCRBSeres Therapeutics, Inc. | $10M | 0.9% | -36.6% | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Asset Management67.4%$783M
Biotechnology32.6%-60.6pp$378M
Country
US100.0%+6.9pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 1
| GENB Generate Biomedicines, Inc.new | +$783M |
Top sells this quarter · 0
No sells this quarter
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.16B | 5 | +62.12% | +17.59% | +44.53% | +0.78B |
| 2025-12-31 | $324M | 4 | +4.04% | +17.72% | -13.68% | +0.00B |
| 2025-09-30 | $293M | 4 | -48.18% | +17.52% | -65.70% | +0.00B |
| 2025-06-30 | $268M | 4 | -66.72% | +14.94% | -81.66% | -0.00B |
| 2025-03-31 | $236M | 4 | -71.21% | +8.30% | -79.51% | -0.01B |
| 2024-12-31 | $334M | 5 | -54.55% | +24.89% | -79.44% | +0.01B |
| 2024-09-30 | $592M | 6 | -18.37% | +36.04% | -54.41% | +0.00B |
| 2024-06-30 | $843M | 6 | -4.72% | +24.49% | -29.21% | -0.67B |
| 2024-03-31 | $1.52B | 7 | -16.33% | +29.62% | -45.95% | -0.04B |
| 2023-12-31 | $1.33B | 7 | -59.61% | +26.18% | -85.79% | -0.04B |
| 2023-09-30 | $1.38B | 9 | -57.19% | +21.57% | -78.76% | -0.45B |
| 2023-06-30 | $2.24B | 10 | -52.50% | +19.42% | -71.92% | -0.01B |
| 2023-03-31 | $2.57B | 11 | -58.84% | -7.82% | -51.02% | +0.79B |
| 2022-12-31 | $3.13B | 12 | +5.00% | +7.56% | -2.57% | +0.64B |
| 2022-09-30 | $2.38B | 12 | -9.33% | -4.93% | -4.40% | -0.03B |
| 2022-06-30 | $2.65B | 12 | -24.24% | -16.11% | -8.13% | -0.57B |