Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-6.16%
trims when stocks drop
when a holding falls −10%+
Middle response
-11.60%
baseline attrition
Rally response
-4.89%
trims into rallies
when a holding rises +10%+
Top positions · 12
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IOTSamsara Inc. | $63M | 34.5% | -17.3% | 4.5 yr |
| AVBPArriVent BioPharma, Inc. | $34M | 18.8% | +24.8% | 2.3 yr |
| MAZEMaze Therapeutics, Inc. | $31M | 16.8% | +171.1% | 1.3 yr |
| CARTInstacart (Maplebear Inc | $27M | 14.5% | -6.1% | 2.8 yr |
| GTLBGitLab Inc. | $20M | 10.9% | -54.0% | 4.5 yr |
| EIKNEikon Therapeutics, Inc. | $3M | 1.8% | — | 0.3 yr |
| GUTSFractyl Health, Inc. Com | $2M | 1.2% | -61.5% | 1.0 yr |
| LIFEEthos Technologies Inc. | $1M | 0.5% | — | 0.3 yr |
| CPNGCoupang, Inc. | $1M | 0.4% | -13.9% | 0.3 yr |
| AMZNAmazon.com, Inc. | $1M | 0.3% | +9.5% | 0.3 yr |
| METAMeta Platforms, Inc. | $0M | 0.2% | -0.4% | 0.3 yr |
| FIGFigma, Inc. | $0M | 0.2% | — | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Biotechnology38.6%+34.2pp$71M
Software - Infrastructure34.5%-40.8pp$63M
Specialty Retail15.2%+12.0pp$28M
Software - Application11.0%+0.9pp$20M
Insurance - Life0.5%$1M
Internet Content & Information0.2%$0M
Country
US99.6%-0.4pp
KR0.4%
Top 5: 95.5% · Top 10: 99.6% · Top 25: 100.0%
Top buys this quarter · 5
| EIKN Eikon Therapeutics, Inc. Commonew | +$3M |
| LIFE Ethos Technologies Inc.new | +$1M |
| CPNG Coupang, Inc.new | +$1M |
| AMZN Amazon.com, Inc.new | +$1M |
| META Meta Platforms, Inc.new | +$0M |
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 | $184M | 12 | -44.43% | +17.59% | -62.03% | +0.01B |
| 2025-12-31 | $222M | 7 | -39.57% | +17.72% | -57.29% | -2.30B |
| 2025-09-30 | $3.04B | 8 | -30.18% | +17.52% | -47.69% | -0.25B |
| 2025-06-30 | $4.30B | 10 | +25.24% | +14.94% | +10.30% | +3.33B |
| 2025-03-31 | $888M | 11 | +3.67% | +8.30% | -4.63% | -0.11B |
| 2024-12-31 | $1.14B | 11 | +33.33% | +24.89% | +8.44% | -0.23B |
| 2024-09-30 | $1.43B | 11 | +78.16% | +36.04% | +42.12% | -0.16B |
| 2024-06-30 | $1.16B | 11 | +16.44% | +24.49% | -8.06% | -0.01B |
| 2024-03-31 | $1.30B | 11 | +79.49% | +29.62% | +49.87% | -0.13B |
| 2023-12-31 | $1.27B | 10 | +129.94% | +26.18% | +103.76% | -0.08B |
| 2023-09-30 | $1.05B | 11 | +73.26% | +21.57% | +51.69% | -0.07B |
| 2023-06-30 | $1.25B | 10 | +103.93% | +19.42% | +84.50% | -0.09B |
| 2023-03-31 | $965M | 10 | -4.34% | -7.82% | +3.48% | -0.31B |
| 2022-12-31 | $889M | 11 | -3.38% | +7.56% | -10.94% | -0.16B |
| 2022-09-30 | $1.09B | 15 | +5.54% | -4.93% | +10.47% | -0.10B |
| 2022-06-30 | $1.12B | 15 | -34.75% | -16.11% | -18.64% | -0.03B |