Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.74%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.85%
baseline attrition
Rally response
+0.52%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $76M | 31.0% | — | 6.5 yr |
| EFViShares MSCI EAFE Value | $16M | 6.7% | — | 6.5 yr |
| IWMiShares Russell 2000 ETF | $14M | 5.5% | — | 5.3 yr |
| AXGNAxoGen, Inc. | $11M | 4.7% | +79.1% | 5.8 yr |
| IJRiShares Core S&P Small-C | $11M | 4.6% | — | 6.5 yr |
| VOOVanguard S&P 500 ETF | $10M | 4.0% | — | 6.0 yr |
| CNTACentessa Pharmaceuticals | $9M | 3.8% | +176.2% | 2.0 yr |
| IUSViShares Core S&P U.S. Va | $8M | 3.3% | — | 6.5 yr |
| WFCWells Fargo & Company | $5M | 2.2% | +13.3% | 6.5 yr |
| ANABAnaptysBio, Inc. | $5M | 2.1% | +198.4% | 1.3 yr |
| DWASInvesco Dorsey Wright Sm | $5M | 1.9% | — | 2.3 yr |
| NEONeoGenomics, Inc. | $4M | 1.8% | -21.8% | 6.0 yr |
| IJHiShares Core S&P Mid-Cap | $4M | 1.7% | — | 6.5 yr |
| TLTiShares 20+ Year Treasur | $3M | 1.3% | — | 2.0 yr |
| ATRCAtriCure, Inc. | $2M | 1.0% | -11.6% | 5.8 yr |
Portfolio composition (YoY)
Industry mix
Asset Management63.4%-6.1pp$156M
Biotechnology8.0%+3.9pp$20M
Medical - Devices7.6%+2.4pp$19M
Banks - Diversified2.9%-1.3pp$7M
Medical - Diagnostics & Research2.6%+1.8pp$6M
Asset Management - Bonds1.7%+1.7pp$4M
Semiconductors1.3%+0.2pp$3M
Medical - Instruments & Supplies1.3%-0.7pp$3M
Software - Infrastructure0.9%+0.1pp$2M
Drug Manufacturers - General0.8%-0.2pp$2M
Country
US94.6%-2.3pp
GB4.2%+1.8pp
CA0.8%+0.5pp
IE0.1%+0.1pp
CN0.1%+0.0pp
Unknown0.1%-0.0pp
FI0.0%
SG0.0%
Top 5: 52.4% · Top 10: 68.0% · Top 25: 82.8%
Top buys this quarter · 15
| PIPR Piper Sandler Companiesnew | +$1M |
| MASS 908 Devices Inc. | +$0M |
| TGT Target Corporation | +$0M |
| MSFT Microsoft Corporation | +$2M |
| AVGO Broadcom Inc. | +$0M |
| HCAT Health Catalyst, Inc. | +$1M |
| NVDA NVIDIA Corporation | +$0M |
| PLTR Palantir Technologies Inc. | +$0M |
| AMZN Amazon.com, Inc. | +$0M |
| NEO NeoGenomics, Inc. | +$4M |
Top sells this quarter · 15
| GSAT Globalstar, Inc. | −$0M |
| SPY State Street SPDR S&P 500 ETF | −$0M |
| CVS CVS Health Corporation | −$0M |
| CRNX Crinetics Pharmaceuticals, Inc | −$0M |
| COST Costco Wholesale Corporation | −$0M |
| O Realty Income Corporation | −$0M |
| XOM Exxon Mobil Corporation | −$0M |
| UNH UnitedHealth Group Incorporate | −$0M |
| AAPL Apple Inc. | −$0M |
| EHTH eHealth, Inc.exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $246M | 550 | +27.74% | +17.59% | +10.15% | +0.02B |
| 2025-12-31 | $245M | 581 | +26.52% | +17.72% | +8.80% | -0.02B |
| 2025-09-30 | $226M | 604 | +14.68% | +17.52% | -2.84% | -0.01B |
| 2025-06-30 | $204M | 611 | +7.84% | +14.94% | -7.10% | +0.03B |
| 2025-03-31 | $169M | 569 | +2.21% | +8.30% | -6.09% | +0.01B |
| 2024-12-31 | $174M | 570 | +18.71% | +24.89% | -6.17% | -0.02B |
| 2024-09-30 | $182M | 590 | -16.23% | +36.04% | -52.27% | +0.00B |
| 2024-06-30 | $166M | 582 | -52.97% | +24.49% | -77.46% | +0.00B |
| 2024-03-31 | $161M | 556 | -65.97% | +29.62% | -95.59% | +0.02B |
| 2023-12-31 | $136M | 569 | -76.70% | +26.18% | -102.88% | +0.05B |
| 2023-09-30 | $120M | 562 | -31.28% | +21.57% | -52.85% | +0.04B |
| 2023-06-30 | $133M | 558 | -15.56% | +19.42% | -34.98% | +0.04B |
| 2023-03-31 | $128M | 599 | -4.22% | -7.82% | +3.60% | +0.03B |
| 2022-12-31 | $132M | 537 | +25.29% | -18.17% | +43.46% | -0.12B |
| 2022-09-30 | $117M | 506 | -35.93% | -15.51% | -20.43% | +0.03B |
| 2022-06-30 | $124M | 506 | -12.75% | -10.62% | -2.13% | +0.00B |