Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.20%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.87%
steady accumulation
Rally response
+0.23%
adds into rallies
when a holding rises +10%+
Top positions · 6
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| ACTUActuate Therapeutics Inc | $28M | 52.1% | -59.5% | 1.5 yr |
| IRDOpus Genetics, Inc. | $17M | 31.7% | +363.4% | 1.5 yr |
| CGTXCognition Therapeutics, | $5M | 8.6% | +80.5% | 1.5 yr |
| RNTXRein Therapeutics Inc. | $3M | 4.9% | -26.6% | 1.5 yr |
| LTRNLantern Pharma Inc. | $1M | 2.2% | -61.3% | 1.5 yr |
| INABIN8bio, Inc. | $0M | 0.5% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Biotechnology95.1%+0.7pp$50M
Medical - Pharmaceuticals4.9%+1.1pp$3M
Country
US100.0%+1.8pp
Top 5: 99.5% · Top 10: 100.0% · Top 25: 100.0%
Top buys this quarter · 1
| RNTX Rein Therapeutics Inc. | +$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $53M | 6 | -35.16% | +17.59% | -52.75% | +0.00B |
| 2025-12-31 | $83M | 6 | -14.17% | +17.72% | -31.89% | -0.00B |
| 2025-09-30 | $89M | 6 | +21.51% | +8.12% | +13.39% | +0.00B |
| 2025-06-30 | $73M | 6 | -10.70% | +10.78% | -21.48% | +0.00B |
| 2025-03-31 | $79M | 6 | -15.39% | -4.27% | -11.12% | -0.00B |
| 2024-12-31 | $94M | 6 | — | — | — | — |