Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-10.37%
trims when stocks drop
when a holding falls −10%+
Middle response
-16.07%
baseline attrition
Rally response
-18.02%
trims into rallies
when a holding rises +10%+
Top positions · 17
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IMDXInsight Molecular Diagno | $3M | 20.9% | +7.2% | 2.5 yr |
| BBNXBeta Bionics, Inc. | $3M | 18.9% | -18.1% | 1.0 yr |
| ESTAEstablishment Labs Holdi | $3M | 17.2% | +39.1% | 7.8 yr |
| CAICaris Life Sciences, Inc | $2M | 10.8% | — | 1.0 yr |
| — | $1M | 4.9% | — | 3.0 yr |
| NTRANatera, Inc. | $0M | 3.4% | +41.4% | 5.8 yr |
| NVDANVIDIA Corporation | $0M | 2.9% | +60.9% | 0.5 yr |
| JPMJPMorgan Chase & Co. | $0M | 2.7% | +21.8% | 0.5 yr |
| MSFTMicrosoft Corporation | $0M | 2.5% | -0.6% | 0.5 yr |
| MGXMetagenomi, Inc. Common | $0M | 2.4% | -1.5% | 2.3 yr |
| GOOGAlphabet Inc. | $0M | 2.3% | +84.3% | 0.5 yr |
| OMOutset Medical, Inc. | $0M | 2.2% | -65.3% | 0.3 yr |
| ADIAnalog Devices, Inc. | $0M | 2.1% | +60.2% | 0.5 yr |
| AAPLApple Inc. | $0M | 2.0% | +14.7% | 0.5 yr |
| ASMLASML Holding N.V. | $0M | 1.7% | +100.9% | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Medical - Diagnostics & Research24.2%-1.0pp$4M
Medical - Devices19.3%+5.1pp$3M
Medical - Equipment & Services18.9%-21.7pp$3M
Biotechnology13.2%+10.4pp$2M
Semiconductors6.8%$1M
Unknown4.9%-4.5pp$1M
Banks - Diversified2.7%$0M
Software - Infrastructure2.5%$0M
Internet Content & Information2.3%$0M
Consumer Electronics2.0%$0M
Country
US74.5%-1.8pp
CR17.2%+2.9pp
Unknown4.9%-4.5pp
NL1.7%
GB1.7%
Top 5: 72.7% · Top 10: 86.5% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $15M | 17 | +12.19% | +17.59% | -5.40% | +0.00B |
| 2025-12-31 | $26M | 17 | +84.02% | +17.72% | +66.30% | +0.00B |
| 2025-09-30 | $15M | 7 | +22.81% | +17.52% | +5.29% | +0.01B |
| 2025-06-30 | $6M | 4 | +4.80% | +14.94% | -10.14% | -0.01B |
| 2025-03-31 | $13M | 7 | -12.11% | +8.30% | -20.42% | -0.00B |
| 2024-12-31 | $18M | 9 | +11.70% | +24.89% | -13.19% | -0.04B |
| 2024-09-30 | $61M | 18 | -21.43% | +36.04% | -57.47% | -0.03B |
| 2024-06-30 | $81M | 26 | -58.04% | +24.49% | -82.53% | -0.05B |
| 2024-03-31 | $147M | 33 | -63.98% | +29.62% | -93.60% | +0.04B |
| 2023-12-31 | $92M | 29 | -76.62% | +26.18% | -102.80% | -0.05B |
| 2023-09-30 | $204M | 38 | -48.85% | +21.57% | -70.41% | +0.06B |
| 2023-06-30 | $241M | 42 | -25.86% | +19.42% | -45.28% | -0.50B |
| 2023-03-31 | $988M | 74 | -44.43% | -7.82% | -36.61% | +0.56B |
| 2022-12-31 | $573M | 96 | +55.42% | +7.56% | +47.86% | -0.41B |
| 2022-09-30 | $635M | 107 | -14.43% | -4.93% | -9.50% | +0.12B |
| 2022-06-30 | $603M | 99 | -43.90% | -16.11% | -27.79% | +0.15B |