Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-5.57%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.00%
baseline attrition
Rally response
+0.00%
adds into rallies
when a holding rises +10%+
Top positions · 5
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| WAYWaystar Holding Corp. | $600M | 58.8% | — | 0.8 yr |
| — | $157M | 15.4% | — | 0.8 yr |
| EVMNEvommune, Inc. | $113M | 11.1% | — | 0.5 yr |
| PHVSPharvaris N.V. | $97M | 9.5% | +27.8% | 0.8 yr |
| AGMBAgomAb Therapeutics N.V. | $54M | 5.3% | — | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Information Technology Services58.8%$600M
Biotechnology25.9%$264M
Unknown15.4%$157M
Country
US69.9%-29.7pp
Unknown15.4%
NL9.5%
BE5.3%
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 1
| AGMB AgomAb Therapeutics N.V. Amerinew | +$54M |
Top sells this quarter · 0
No sells this quarter
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.02B | 5 | -53.11% | +0.92% | -54.03% | +0.11B |
| 2025-12-31 | $1.11B | 4 | -6.31% | +2.66% | -8.98% | -0.63B |
| 2025-09-30 | $1.86B | 4 | -0.73% | +8.12% | -8.85% | +1.47B |
| 2022-09-30 | $399M | 2 | -38.12% | -4.93% | -33.19% | -0.08B |
| 2022-06-30 | $775M | 2 | — | — | — | — |