Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.06%
adds when stocks drop
when a holding falls −10%+
Middle response
-6.55%
baseline attrition
Rally response
-13.64%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| COFCapital One Financial Co | $68M | 6.7% | +3.1% | 7.5 yr |
| CVNACarvana Co. | $49M | 4.8% | +50.4% | 8.5 yr |
| PTGXProtagonist Therapeutics | $37M | 3.7% | +117.9% | 3.5 yr |
| WVEWave Life Sciences Ltd. | $36M | 3.5% | -10.3% | 5.0 yr |
| BDXBecton, Dickinson and Co | $35M | 3.5% | +14.0% | 0.5 yr |
| KSPIJoint Stock Company Kasp | $35M | 3.4% | -20.2% | 0.5 yr |
| ANABAnaptysBio, Inc. | $35M | 3.4% | +198.4% | 1.3 yr |
| HGVHilton Grand Vacations I | $30M | 3.0% | +4.6% | 3.8 yr |
| GXOGXO Logistics, Inc. | $26M | 2.5% | +32.7% | 2.0 yr |
| MOHMolina Healthcare, Inc. | $21M | 2.1% | -59.5% | 0.8 yr |
| AMLXAmylyx Pharmaceuticals, | $21M | 2.1% | +292.7% | 2.5 yr |
| MGTXMeiraGTx Holdings plc | $21M | 2.1% | +27.7% | 7.8 yr |
| PHATPhathom Pharmaceuticals, | $21M | 2.0% | +77.2% | 4.5 yr |
| AMTMAmentum Holdings, Inc. | $20M | 2.0% | +43.3% | 1.5 yr |
| IAGIAMGOLD Corporation | $20M | 1.9% | +201.1% | 3.0 yr |
Portfolio composition (YoY)
Industry mix
Biotechnology32.0%+2.3pp$327M
Financial - Credit Services7.2%+1.1pp$74M
Unknown5.5%+1.3pp$56M
Auto - Dealerships4.8%+0.8pp$49M
Gambling, Resorts & Casinos4.1%-1.6pp$42M
Medical - Healthcare Plans4.1%-2.0pp$42M
Medical - Instruments & Supplies3.6%$37M
Gold3.5%$36M
Software - Infrastructure3.5%+3.5pp$35M
Specialty Retail2.8%+1.6pp$29M
Country
US74.8%-1.6pp
CA6.1%+2.7pp
Unknown5.5%+1.3pp
SG3.5%+0.0pp
KZ3.4%
GB2.2%-0.9pp
KR1.6%
NL0.8%-2.2pp
Top 5: 22.1% · Top 10: 36.5% · Top 25: 61.4%
Top buys this quarter · 15
| BDX Becton, Dickinson and Company | +$21M |
| ASTH Astrana Health, Inc.new | +$17M |
| KSPI Joint Stock Company Kaspi.kz | +$16M |
| CPNG Coupang, Inc.new | +$12M |
| GPC Genuine Parts Companynew | +$11M |
| WAL Western Alliance Bancorporatio | +$9M |
| TGTX TG Therapeutics, Inc. | +$8M |
| COF Capital One Financial Corporat | +$68M |
| ICLR ICON Public Limited Companynew | +$7M |
| WVE Wave Life Sciences Ltd. | +$36M |
Top sells this quarter · 15
| WDC Western Digital Corporationexit | −$39M |
| UWMC UWM Holdings Corporationexit | −$26M |
| SNDK Sandisk Corporationexit | −$15M |
| VTYX Ventyx Biosciences, Inc.exit | −$15M |
| SUNC SunocoCorp LLCexit | −$14M |
| SOLS Solstice Advanced Materials Inexit | −$12M |
| HRMY Harmony Biosciences Holdings, exit | −$12M |
| GXO GXO Logistics, Inc. | −$10M |
| LLY Eli Lilly and Company | −$7M |
| XHR Xenia Hotels & Resorts, Inc. | −$6M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.02B | 204 | +39.24% | +17.59% | +21.65% | -0.01B |
| 2025-12-31 | $1.14B | 201 | +41.98% | +17.72% | +24.26% | -0.03B |
| 2025-09-30 | $1.05B | 113 | +32.41% | +17.52% | +14.89% | -0.12B |
| 2025-06-30 | $931M | 111 | +19.73% | +14.94% | +4.78% | -0.06B |
| 2025-03-31 | $905M | 114 | +4.31% | +8.30% | -3.99% | +0.04B |
| 2024-12-31 | $945M | 205 | +30.87% | +24.89% | +5.98% | -0.01B |
| 2024-09-30 | $911M | 123 | +35.21% | +36.04% | -0.83% | -0.11B |
| 2024-06-30 | $893M | 122 | +16.20% | +24.49% | -8.29% | -0.01B |
| 2024-03-31 | $952M | 114 | +24.52% | +29.62% | -5.10% | -0.16B |
| 2023-12-31 | $960M | 226 | +12.61% | +26.18% | -13.57% | -0.06B |
| 2023-09-30 | $944M | 125 | +6.99% | +21.57% | -14.57% | -0.02B |
| 2023-06-30 | $985M | 134 | -14.88% | +19.42% | -34.31% | -0.13B |
| 2023-03-31 | $1.09B | 259 | -41.00% | -7.82% | -33.18% | -0.04B |
| 2022-12-31 | $1.08B | 290 | +2.32% | +7.56% | -5.24% | -0.16B |
| 2022-09-30 | $1.21B | 231 | -22.04% | -4.93% | -17.11% | +0.14B |
| 2022-06-30 | $1.37B | 260 | -29.17% | -16.11% | -13.06% | +0.18B |