Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-26.20%
trims when stocks drop
when a holding falls −10%+
Middle response
+3.73%
steady accumulation
Rally response
-8.41%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| KRYSKrystal Biotech, Inc. | $16M | 12.4% | +288.2% | 2.0 yr |
| CVXChevron Corporation | $16M | 12.3% | +49.2% | 1.8 yr |
| XOMExxon Mobil Corporation | $12M | 9.4% | +135.7% | 1.0 yr |
| CELCCelcuity Inc. | $10M | 8.3% | +1120.7% | 0.5 yr |
| TGTXTG Therapeutics, Inc. | $8M | 6.6% | +249.3% | 1.3 yr |
| ABVXAbivax S.A. | $8M | 6.3% | — | 0.5 yr |
| AMZNAmazon.com, Inc. | $7M | 5.4% | +27.8% | 1.8 yr |
| VKTXViking Therapeutics, Inc | $7M | 5.4% | +984.7% | 0.8 yr |
| ARWRArrowhead Pharmaceutical | $5M | 4.1% | +36.3% | 2.0 yr |
| NKTRNektar Therapeutics | $5M | 4.0% | — | 0.5 yr |
| CYTKCytokinetics, Incorporat | $4M | 3.4% | +79.1% | 0.5 yr |
| ALMSAlumis Inc. Common Stock | $4M | 3.0% | — | 0.3 yr |
| ETEnergy Transfer LP | $3M | 2.0% | +139.8% | 1.0 yr |
| FCXFreeport-McMoRan Inc. | $2M | 1.8% | +25.4% | 0.3 yr |
| AAOIApplied Optoelectronics, | $2M | 1.7% | +2217.5% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Biotechnology59.6%+10.8pp$75M
Oil & Gas Integrated21.7%+21.0pp$27M
Specialty Retail5.4%+4.0pp$7M
Semiconductors2.5%-3.1pp$3M
Oil & Gas Midstream2.0%$3M
Copper1.8%$2M
Unknown1.4%-9.4pp$2M
Software - Infrastructure1.0%-1.6pp$1M
Communication Equipment0.8%-1.2pp$1M
Asset Management - Cryptocurrency0.6%$1M
Country
US90.6%+7.9pp
FR6.3%
CA1.6%+0.1pp
Unknown1.4%-9.4pp
GB0.1%-1.7pp
Top 5: 48.9% · Top 10: 74.2% · Top 25: 93.0%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| ALMS Alumis Inc. Common Stocknew | +$4M |
| CELC Celcuity Inc. | +$3M |
| FCX Freeport-McMoRan Inc.new | +$2M |
| AAOI Applied Optoelectronics, Inc.new | +$2M |
| XENE Xenon Pharmaceuticals Inc.new | +$2M |
| AMZN Amazon.com, Inc. | +$2M |
| NKTR Nektar Therapeutics | +$1M |
| ABVX Abivax S.A. | +$8M |
| S SentinelOne, Inc.new | +$1M |
| LITE Lumentum Holdings Inc.new | +$1M |
Top sells this quarter · 15
| SNDK Sandisk Corporationexit | −$2M |
| NVDA NVIDIA Corporation | −$2M |
| XOM Exxon Mobil Corporation | −$10M |
| FIGR Figure Technology Solutions, Iexit | −$2M |
| SPOT Spotify Technology S.A.exit | −$2M |
| GPCR Structure Therapeutics Inc.exit | −$2M |
| EOG EOG Resources, Inc.exit | −$1M |
| NUVB Nuvation Bio Inc. | −$1M |
| BE Bloom Energy Corporation | −$1M |
| DVN Devon Energy Corporationexit | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $126M | 55 | -33.97% | -21.70% | -12.28% | -0.01B |
| 2025-12-31 | $124M | 58 | +30.07% | +2.66% | +27.40% | +0.03B |
| 2022-09-30 | $72M | 71 | -16.22% | -4.93% | -11.29% | +0.03B |
| 2022-06-30 | $55M | 77 | -44.61% | -16.11% | -28.50% | +0.01B |
| 2022-03-31 | $75M | 84 | — | — | — | -0.04B |
| 2021-12-31 | $115M | 91 | — | — | — | -0.04B |
| 2021-09-30 | $158M | 107 | — | — | — | -0.00B |
| 2021-06-30 | $159M | 115 | — | — | — | — |