Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.59%
trims when stocks drop
when a holding falls −10%+
Middle response
-8.47%
baseline attrition
Rally response
-6.55%
trims into rallies
when a holding rises +10%+
Top positions · 4
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| EVLVEvolv Technologies Holdi | $28M | 49.6% | +93.9% | 4.5 yr |
| RXRXRecursion Pharmaceutical | $18M | 32.6% | -42.0% | 4.5 yr |
| — | $8M | 14.4% | — | 0.3 yr |
| DFTXDefinium Therapeutics, I | $2M | 3.4% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Security & Protection Services49.6%+14.9pp$28M
Biotechnology36.0%-0.2pp$20M
Unknown14.4%-14.6pp$8M
Country
US85.6%+14.7pp
Unknown14.4%-14.6pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| RXRX | $31M | -0.01B | -42.0% |
Top buys this quarter · 2
| — new | +$0M |
| DFTX Definium Therapeutics, Inc.new | +$2M |
Top sells this quarter · 1
| — exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $56M | 4 | +28.48% | +17.59% | +10.89% | +0.01B |
| 2025-12-31 | $59M | 3 | +45.19% | +17.72% | +27.47% | -0.00B |
| 2025-09-30 | $68M | 4 | +170.31% | +17.52% | +152.79% | -0.08B |
| 2025-06-30 | $130M | 5 | +148.96% | +14.94% | +134.02% | -0.00B |
| 2025-03-31 | $87M | 5 | +9.43% | +8.30% | +1.13% | -0.12B |
| 2024-12-31 | $226M | 6 | +17.03% | +24.89% | -7.85% | -0.05B |
| 2024-09-30 | $163M | 6 | -21.33% | +36.04% | -57.37% | +0.01B |
| 2024-06-30 | $143M | 6 | -32.76% | +24.49% | -57.25% | +0.06B |
| 2024-03-31 | $115M | 5 | +47.53% | +29.62% | +17.91% | -0.00B |
| 2023-12-31 | $121M | 5 | +49.28% | +26.18% | +23.11% | +0.00B |
| 2023-09-30 | $106M | 5 | +11.59% | +21.57% | -9.97% | -0.02B |
| 2023-06-30 | $135M | 6 | +24.19% | +19.42% | +4.76% | -0.00B |
| 2023-03-31 | $94M | 6 | -20.48% | -7.82% | -12.66% | -0.00B |
| 2022-12-31 | $95M | 6 | -15.74% | +7.56% | -23.30% | -0.01B |
| 2022-09-30 | $127M | 5 | -0.06% | -4.93% | +4.87% | +0.01B |
| 2022-06-30 | $121M | 5 | -4.89% | -16.11% | +11.22% | -0.33B |