Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.88%
trims when stocks drop
when a holding falls −10%+
Middle response
-12.58%
baseline attrition
Rally response
-3.66%
trims into rallies
when a holding rises +10%+
Top positions · 10
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| TXG10x Genomics, Inc. | $23M | 18.6% | +143.2% | 1.5 yr |
| GHGuardant Health, Inc. | $22M | 17.9% | +116.8% | 5.5 yr |
| CDNACareDx, Inc | $16M | 13.0% | -2.2% | 3.8 yr |
| ADPTAdaptive Biotechnologies | $14M | 11.2% | +86.8% | 4.3 yr |
| TWSTTwist Bioscience Corpora | $13M | 10.5% | +21.0% | 1.3 yr |
| PSNLPersonalis, Inc. | $11M | 8.6% | +81.5% | 1.8 yr |
| NTRANatera, Inc. | $9M | 7.2% | +41.4% | 5.5 yr |
| QTRXQuanterix Corporation | $8M | 6.0% | -45.9% | 2.5 yr |
| TEMTempus AI, Inc. | $7M | 5.7% | -6.3% | 1.0 yr |
| BLLNBillionToOne, Inc. | $2M | 1.3% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Medical - Diagnostics & Research58.5%-16.9pp$73M
Medical - Healthcare Information Services24.2%$30M
Biotechnology11.2%-4.6pp$14M
Medical - Devices6.0%+3.6pp$8M
Country
US100.0%+0.0pp
Top 5: 71.3% · Top 10: 100.0% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $125M | 10 | +57.19% | +17.59% | +39.60% | -0.03B |
| 2025-12-31 | $159M | 9 | +67.64% | +17.72% | +49.92% | +0.03B |
| 2025-09-30 | $110M | 7 | +43.70% | +17.52% | +26.18% | -0.03B |
| 2025-06-30 | $126M | 8 | +61.83% | +14.94% | +46.89% | +0.00B |
| 2025-03-31 | $101M | 7 | +34.72% | +8.30% | +26.41% | -0.01B |
| 2024-12-31 | $113M | 9 | +31.85% | +24.89% | +6.96% | -0.01B |
| 2024-09-30 | $114M | 8 | -12.07% | +36.04% | -48.10% | -0.01B |
| 2024-06-30 | $103M | 8 | -58.80% | +24.49% | -83.29% | -0.01B |
| 2024-03-31 | $106M | 8 | -72.45% | +29.62% | -102.08% | -0.01B |
| 2023-12-31 | $114M | 9 | -80.07% | +26.18% | -106.24% | +0.04B |
| 2023-09-30 | $106M | 7 | -40.18% | +21.57% | -61.74% | +0.02B |
| 2023-06-30 | $148M | 7 | +25.68% | +19.42% | +6.26% | +0.04B |
| 2023-03-31 | $151M | 8 | +32.05% | -7.82% | +39.87% | +0.04B |
| 2022-12-31 | $149M | 8 | +109.17% | +7.56% | +101.61% | -0.37B |
| 2022-09-30 | $248M | 9 | +19.66% | -4.93% | +24.58% | +0.03B |
| 2022-06-30 | $184M | 9 | -27.04% | -16.11% | -10.93% | +0.03B |