Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+3.23%
adds when stocks drop
when a holding falls −10%+
Middle response
-9.76%
baseline attrition
Rally response
-7.34%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SNDKSandisk Corporation | $127M | 26.0% | +1234.5% | 0.8 yr |
| TYGOTigo Energy, Inc. | $27M | 5.6% | +347.6% | 0.3 yr |
| SIMOSilicon Motion Technolog | $22M | 4.6% | +127.9% | 1.8 yr |
| ZBRAZebra Technologies Corpo | $21M | 4.3% | -26.0% | 0.3 yr |
| LASRnLIGHT, Inc. | $19M | 4.0% | +633.8% | 1.0 yr |
| VNDAVanda Pharmaceuticals In | $19M | 3.9% | +50.5% | 0.8 yr |
| PSNLPersonalis, Inc. | $18M | 3.8% | +81.5% | 1.8 yr |
| GNRCGenerac Holdings Inc. | $18M | 3.6% | +54.2% | 0.3 yr |
| KYTXKyverna Therapeutics, In | $17M | 3.5% | +347.2% | 0.5 yr |
| CSTLCastle Biosciences, Inc. | $14M | 3.0% | +22.6% | 0.8 yr |
| APPSDigital Turbine, Inc. | $14M | 2.9% | +5.9% | 1.5 yr |
| RRXRegal Rexnord Corporatio | $14M | 2.9% | +65.7% | 0.3 yr |
| 0H7R.LAbeona Therapeutics Inc. | $14M | 2.8% | — | 2.0 yr |
| LRMRLarimar Therapeutics, In | $14M | 2.8% | +109.3% | 0.8 yr |
| FENCFennec Pharmaceuticals I | $12M | 2.5% | +1.0% | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Biotechnology27.2%-10.3pp$133M
Hardware, Equipment & Parts26.9%+19.8pp$131M
Medical - Diagnostics & Research9.0%+1.8pp$44M
Semiconductors8.6%$42M
Industrial - Machinery6.5%$32M
Solar5.6%$27M
Software - Application5.1%-1.1pp$25M
Communication Equipment4.3%+2.4pp$21M
Unknown2.8%-11.0pp$14M
Consumer Electronics1.6%$8M
Country
US92.6%+8.1pp
HK4.6%
Unknown2.8%-11.0pp
Top 5: 44.5% · Top 10: 62.3% · Top 25: 93.8%
Top buys this quarter · 15
| TYGO Tigo Energy, Inc.new | +$27M |
| ZBRA Zebra Technologies Corporationnew | +$21M |
| GNRC Generac Holdings Inc.new | +$18M |
| RRX Regal Rexnord Corporationnew | +$14M |
| BDSX Biodesix, Inc.new | +$11M |
| APPS Digital Turbine, Inc. | +$10M |
| TARA Protara Therapeutics, Inc.new | +$8M |
| VUZI Vuzix Corporation | +$6M |
| VNDA Vanda Pharmaceuticals Inc. | +$5M |
| LRMR Larimar Therapeutics, Inc. | +$5M |
Top sells this quarter · 14
| SNDK Sandisk Corporation | −$66M |
| DAWN Day One Biopharmaceuticals, Inexit | −$43M |
| LASR nLIGHT, Inc. | −$15M |
| LPTH LightPath Technologies, Inc. | −$9M |
| SIMO Silicon Motion Technology Corp | −$22M |
| ARDX Ardelyx, Inc.exit | −$7M |
| DOMO Domo, Inc.exit | −$6M |
| GRCE Grace Therapeutics, Inc.exit | −$4M |
| BYRN Byrna Technologies Inc.exit | −$4M |
| CSTL Castle Biosciences, Inc. | −$1M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $488M | 40 | +155.21% | +17.59% | +137.62% | +0.04B |
| 2025-12-31 | $338M | 31 | +58.78% | +17.72% | +41.06% | -0.02B |
| 2025-09-30 | $286M | 34 | +53.09% | +17.52% | +35.57% | +0.01B |
| 2025-06-30 | $213M | 34 | +21.83% | +14.94% | +6.88% | -0.02B |
| 2025-03-31 | $193M | 38 | +5.83% | +8.30% | -2.47% | -0.03B |
| 2024-12-31 | $266M | 36 | +24.86% | +24.89% | -0.03% | +0.01B |
| 2024-09-30 | $214M | 38 | +6.84% | +36.04% | -29.20% | +0.01B |
| 2024-06-30 | $205M | 36 | -26.54% | +24.49% | -51.03% | -0.02B |
| 2024-03-31 | $207M | 41 | -37.43% | +29.62% | -67.06% | -0.04B |
| 2023-12-31 | $253M | 39 | -29.02% | +26.18% | -55.20% | +0.04B |
| 2023-09-30 | $211M | 46 | -23.14% | +21.57% | -44.70% | +0.04B |
| 2023-06-30 | $245M | 46 | +2.45% | +19.42% | -16.98% | -0.00B |
| 2023-03-31 | $271M | 50 | +0.31% | -7.82% | +8.13% | -0.06B |
| 2022-12-31 | $300M | 44 | +10.52% | +7.56% | +2.96% | +0.02B |
| 2022-09-30 | $251M | 48 | -7.17% | -4.93% | -2.24% | +0.03B |
| 2022-06-30 | $238M | 41 | -11.46% | -16.11% | +4.65% | -0.00B |