Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.95%
adds when stocks drop
when a holding falls −10%+
Middle response
-22.86%
baseline attrition
Rally response
-28.84%
trims into rallies
when a holding rises +10%+
Top positions · 22
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SPYState Street SPDR S&P 50 | $2M | 31.1% | +17.6% | 2.0 yr |
| ATONAlphaTON Capital Corp. | $1M | 11.5% | — | 0.3 yr |
| — | $0M | 6.9% | — | 0.3 yr |
| — | $0M | 6.3% | — | 1.0 yr |
| DSYBig Tree Cloud Holdings | $0M | 5.9% | — | 0.3 yr |
| BCTXBriaCell Therapeutics Co | $0M | 5.4% | — | 0.3 yr |
| TCToken Cat Limited | $0M | 4.2% | — | 0.5 yr |
| — | $0M | 3.5% | — | 0.8 yr |
| — | $0M | 3.0% | — | 0.3 yr |
| — | $0M | 2.8% | — | 0.5 yr |
| — | $0M | 2.8% | — | 1.5 yr |
| TRX.TOTRX Gold Corporation | $0M | 2.6% | +360.0% | 0.3 yr |
| — | $0M | 2.5% | — | 0.8 yr |
| — | $0M | 2.3% | — | 0.3 yr |
| SXTCChina SXT Pharmaceutical | $0M | 2.3% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Asset Management42.6%+22.1pp$2M
Unknown31.8%+19.3pp$2M
Biotechnology9.4%+6.7pp$1M
Household & Personal Products5.9%$0M
Internet Content & Information4.2%$0M
Gold2.6%$0M
Drug Manufacturers - Specialty & Generic2.3%$0M
Medical - Devices0.9%-3.4pp$0M
Medical - Diagnostics & Research0.2%$0M
Country
US47.2%-38.6pp
Unknown31.8%+19.3pp
CN12.4%
CA8.6%
Top 5: 61.6% · Top 10: 80.6% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| SPY | $1M | +0.00B | 17.6% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| SPY State Street SPDR S&P 500 ETF | +$2M |
| TRX.TO TRX Gold Corporationnew | +$0M |
| TC Token Cat Limited | +$0M |
| — | +$0M |
| BJDX Bluejay Diagnostics, Inc.new | +$0M |
| — new | +$0M |
| BCTX BriaCell Therapeutics Corp.new | +$0M |
| — new | +$0M |
| — new | +$0M |
| — | +$0M |
Top sells this quarter · 15
| BLNK Blink Charging Co.exit | −$1M |
| ABVX Abivax S.A.exit | −$1M |
| ZONE CleanCore Solutions, Inc.exit | −$1M |
| NUWE Nuwellis, Inc.exit | −$0M |
| LYRA Lyra Therapeutics, Inc. | −$0M |
| APDN Applied DNA Sciences, Inc. | −$0M |
| BCTXZ BriaCell Therapeutics Corp. Wa | −$0M |
| TPST Tempest Therapeutics, Inc. | −$0M |
| — | −$0M |
| — exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $6M | 22 | -30.46% | +17.59% | -48.05% | -0.00B |
| 2025-12-31 | $12M | 25 | -52.48% | +17.72% | -70.20% | -0.00B |
| 2025-09-30 | $19M | 29 | -28.24% | +17.52% | -45.76% | +0.00B |
| 2025-06-30 | $13M | 33 | -39.59% | +14.94% | -54.54% | -0.01B |
| 2025-03-31 | $24M | 36 | -46.84% | +8.30% | -55.15% | +0.02B |
| 2024-12-31 | $12M | 16 | -28.56% | +24.89% | -53.45% | +0.00B |
| 2024-09-30 | $7M | 27 | -58.20% | +36.04% | -94.23% | -0.00B |
| 2024-06-30 | $8M | 27 | -66.54% | +24.49% | -91.03% | -0.00B |
| 2024-03-31 | $14M | 43 | -77.36% | +29.62% | -106.98% | -0.49B |
| 2023-12-31 | $648M | 46 | -75.11% | +26.18% | -101.29% | +0.07B |
| 2023-09-30 | $771M | 64 | -73.19% | +21.57% | -94.76% | +0.75B |
| 2023-06-30 | $28M | 66 | -87.11% | +19.42% | -106.53% | -0.16B |
| 2023-03-31 | $378M | 71 | -84.79% | -7.82% | -76.97% | +0.35B |
| 2022-12-31 | $37M | 89 | -19.59% | +7.56% | -27.15% | +0.00B |
| 2022-09-30 | $46M | 82 | -62.20% | -4.93% | -57.28% | +0.03B |
| 2022-06-30 | $54M | 76 | -41.30% | -16.11% | -25.19% | +0.02B |