Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+1.14%
adds when stocks drop
when a holding falls −10%+
Middle response
-3.67%
baseline attrition
Rally response
-5.36%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| TSLATesla, Inc. | $83M | 17.2% | +43.4% | 3.8 yr |
| SHOPShopify Inc. | $48M | 10.1% | +24.2% | 4.5 yr |
| SPOTSpotify Technology S.A. | $32M | 6.8% | -11.8% | 4.5 yr |
| PLTRPalantir Technologies In | $29M | 6.1% | +73.3% | 4.0 yr |
| AMZNAmazon.com, Inc. | $26M | 5.4% | +9.5% | 3.8 yr |
| ARWRArrowhead Pharmaceutical | $23M | 4.8% | +392.2% | 4.5 yr |
| IONSIonis Pharmaceuticals, I | $22M | 4.5% | +148.9% | 4.5 yr |
| LMNDLemonade, Inc. | $16M | 3.3% | +99.4% | 0.8 yr |
| NVDANVIDIA Corporation | $14M | 2.9% | +60.9% | 3.8 yr |
| COINCoinbase Global, Inc. | $14M | 2.9% | +1.4% | 2.5 yr |
| AMDAdvanced Micro Devices, | $13M | 2.6% | +98.0% | 1.8 yr |
| ASTSAST SpaceMobile, Inc. | $12M | 2.5% | +264.4% | 1.3 yr |
| SESea Limited | $11M | 2.4% | -36.5% | 3.8 yr |
| IRENIREN Limited | $11M | 2.3% | +462.9% | 0.8 yr |
| AXSMAxsome Therapeutics, Inc | $10M | 2.1% | +44.9% | 3.3 yr |
Portfolio composition (YoY)
Industry mix
Biotechnology31.0%+8.6pp$149M
Auto - Manufacturers17.2%+2.2pp$83M
Software - Application10.1%-2.2pp$48M
Specialty Retail7.8%-6.9pp$37M
Internet Content & Information6.8%-14.2pp$32M
Software - Infrastructure6.1%-3.6pp$29M
Semiconductors5.6%+3.5pp$27M
Insurance - Property & Casualty3.3%$16M
Financial - Data & Stock Exchanges2.9%$14M
Communication Equipment2.5%$12M
Country
US71.6%+17.6pp
CA10.3%-0.4pp
LU6.8%-14.2pp
NL3.5%+0.2pp
SG2.7%-4.6pp
AU2.3%
BR0.6%+0.1pp
CH0.6%+0.0pp
Top 5: 45.5% · Top 10: 64.0% · Top 25: 90.1%
Top buys this quarter · 15
| ESPR Esperion Therapeutics, Inc.new | +$9M |
| BMRN BioMarin Pharmaceutical Inc.new | +$5M |
| DNLI Denali Therapeutics Inc.new | +$5M |
| IONS Ionis Pharmaceuticals, Inc. | +$4M |
| ALNY Alnylam Pharmaceuticals, Inc. | +$2M |
| IREN IREN Limited | +$1M |
| QURE uniQure N.V. | +$8M |
| MOH Molina Healthcare, Inc.new | +$1M |
| VRTX Vertex Pharmaceuticals Incorpo | +$1M |
| AMZN Amazon.com, Inc. | +$26M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $480M | 60 | +36.22% | +17.59% | +18.63% | +0.01B |
| 2025-12-31 | $543M | 57 | +45.09% | +17.72% | +27.37% | -0.02B |
| 2025-09-30 | $556M | 59 | +76.74% | +17.52% | +59.22% | -0.01B |
| 2025-06-30 | $464M | 55 | +59.79% | +14.94% | +44.85% | -0.03B |
| 2025-03-31 | $384M | 56 | +26.92% | +8.30% | +18.62% | -0.02B |
| 2024-12-31 | $442M | 64 | +45.97% | +24.89% | +21.09% | -0.05B |
| 2024-09-30 | $401M | 81 | +40.81% | +36.04% | +4.77% | -0.03B |
| 2024-06-30 | $391M | 127 | +17.20% | +24.49% | -7.30% | +0.01B |
| 2024-03-31 | $373M | 116 | +28.65% | +29.62% | -0.97% | -0.00B |
| 2023-12-31 | $359M | 113 | +31.99% | +26.18% | +5.81% | -0.01B |
| 2023-09-30 | $310M | 114 | +17.40% | +21.57% | -4.17% | -0.12B |
| 2023-06-30 | $463M | 189 | +26.99% | +19.42% | +7.57% | +0.13B |
| 2023-03-31 | $298M | 123 | -18.71% | -7.82% | -10.89% | +0.01B |
| 2022-12-31 | $264M | 149 | +5.03% | +7.56% | -2.53% | -0.01B |
| 2022-09-30 | $264M | 205 | +0.28% | -4.93% | +5.21% | -0.03B |
| 2022-06-30 | $295M | 244 | -28.44% | -16.11% | -12.32% | -0.02B |