Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.75%
trims when stocks drop
when a holding falls −10%+
Middle response
-14.60%
baseline attrition
Rally response
-25.99%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BLTEBelite Bio, Inc | $2M | 2.5% | +315.5% | 0.3 yr |
| STTState Street Corporation | $2M | 2.4% | +71.8% | 0.3 yr |
| ATHMAutohome Inc. | $2M | 2.4% | -23.9% | 0.3 yr |
| RVMDRevolution Medicines, In | $2M | 2.4% | +201.7% | 0.3 yr |
| — | $2M | 2.3% | — | 0.3 yr |
| CALMCal-Maine Foods, Inc. | $2M | 2.2% | +54.1% | 0.5 yr |
| ZMZoom Communications, Inc | $2M | 2.0% | +23.0% | 0.8 yr |
| CRCCalifornia Resources Cor | $2M | 1.8% | +33.7% | 0.5 yr |
| — | $2M | 1.7% | — | 0.3 yr |
| ACADACADIA Pharmaceuticals I | $2M | 1.7% | +20.4% | 0.3 yr |
| PARRPar Pacific Holdings, In | $1M | 1.6% | +69.0% | 0.3 yr |
| JNJJohnson & Johnson | $1M | 1.5% | +63.9% | 1.3 yr |
| MUMicron Technology, Inc. | $1M | 1.5% | +188.5% | 0.8 yr |
| NRIXNurix Therapeutics, Inc. | $1M | 1.5% | +5.4% | 0.3 yr |
| CMCSAComcast Corporation | $1M | 1.3% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Biotechnology26.0%+24.6pp$23M
Unknown7.0%+5.9pp$6M
Semiconductors6.1%+2.2pp$5M
Asset Management5.4%+2.8pp$5M
Internet Content & Information3.3%+1.5pp$3M
Insurance - Property & Casualty3.2%+0.2pp$3M
Software - Application3.1%-1.6pp$3M
Medical - Care Facilities2.7%+2.3pp$2M
Oil & Gas Exploration & Production2.3%+1.6pp$2M
Drug Manufacturers - General2.3%-1.2pp$2M
Country
US87.3%-5.8pp
Unknown7.0%+5.9pp
CN4.6%+4.3pp
KR0.8%
SG0.3%+0.0pp
IL0.1%-0.7pp
Top 5: 11.9% · Top 10: 21.2% · Top 25: 40.4%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 15
| BLTE Belite Bio, Incnew | +$2M |
| ATHM Autohome Inc.new | +$2M |
| RVMD Revolution Medicines, Inc.new | +$2M |
| STT State Street Corporationnew | +$2M |
| ACAD ACADIA Pharmaceuticals Inc.new | +$2M |
| PARR Par Pacific Holdings, Inc.new | +$1M |
| NRIX Nurix Therapeutics, Inc.new | +$1M |
| AHCO AdaptHealth Corp.new | +$1M |
| CTNM Contineum Therapeutics, Inc. Cnew | +$1M |
| CRC California Resources Corporati | +$1M |
Top sells this quarter · 15
| PRG PROG Holdings, Inc. | −$4M |
| TJX The TJX Companies, Inc.exit | −$4M |
| C Citigroup Inc.exit | −$4M |
| JNJ Johnson & Johnson | −$3M |
| CVX Chevron Corporation | −$3M |
| CSCO Cisco Systems, Inc.exit | −$2M |
| LRCX Lam Research Corporation | −$2M |
| CIEN Ciena Corporationexit | −$2M |
| T AT&T Inc.exit | −$2M |
| SNX TD SYNNEX Corporation | −$2M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $89M | 179 | +25.98% | +8.37% | +17.61% | +0.00B |
| 2025-12-31 | $83M | 102 | +41.66% | +25.10% | +16.56% | +0.00B |
| 2024-09-30 | $75M | 92 | +46.68% | +36.04% | +10.64% | -0.02B |
| 2024-06-30 | $87M | 110 | +34.53% | +24.49% | +10.04% | -0.00B |
| 2024-03-31 | $92M | 147 | +42.15% | +29.62% | +12.53% | +0.03B |
| 2023-12-31 | $49M | 53 | +26.08% | +26.18% | -0.10% | -0.03B |
| 2023-09-30 | $65M | 51 | +10.35% | +21.57% | -11.22% | +0.00B |
| 2023-06-30 | $64M | 46 | +2.88% | +19.42% | -16.54% | +0.01B |
| 2023-03-31 | $50M | 38 | -12.56% | -7.82% | -4.74% | -0.05B |
| 2022-12-31 | $99M | 29 | -18.64% | -18.17% | -0.46% | +0.03B |
| 2022-09-30 | $69M | 25 | -9.57% | -15.51% | +5.94% | -0.03B |
| 2022-06-30 | $106M | 28 | -11.77% | -16.11% | +4.34% | -0.00B |
| 2022-03-31 | $122M | 34 | -2.31% | -4.62% | +2.31% | -0.01B |
| 2021-12-31 | $137M | 41 | +11.07% | +11.07% | +0.00% | -0.02B |
| 2021-09-30 | $138M | 45 | — | — | — | +0.09B |
| 2021-06-30 | $51M | 22 | — | — | — | -0.26B |