Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+2.86%
adds when stocks drop
when a holding falls −10%+
Middle response
—
—
Rally response
+0.00%
adds into rallies
when a holding rises +10%+
Top positions · 7
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| KMTSKestra Medical Technolog | $54M | 30.4% | — | 0.5 yr |
| EVMNEvommune, Inc. | $44M | 24.7% | — | 0.5 yr |
| MLYSMineralys Therapeutics, | $43M | 24.4% | — | 0.5 yr |
| AGMBAgomAb Therapeutics N.V. | $16M | 9.1% | — | 0.3 yr |
| IVAInventiva S.A. | $10M | 5.7% | — | 0.5 yr |
| ABVXAbivax S.A. | $9M | 4.9% | — | 0.5 yr |
| — | $2M | 0.9% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Biotechnology68.8%$122M
Medical - Instruments & Supplies30.4%$54M
Unknown0.9%$2M
Country
US79.4%
FR10.6%
BE9.1%
Unknown0.9%
Top 5: 94.2% · Top 10: 100.0% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 3
| — new | +$0M |
| AGMB AgomAb Therapeutics N.V. Amerinew | +$16M |
| KMTS Kestra Medical Technologies, L | +$54M |
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 | $177M | 7 | -11.58% | -4.37% | -7.21% | +0.02B |
| 2025-12-31 | $177M | 5 | — | — | — | — |