Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-15.23%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.00%
baseline attrition
Rally response
-0.69%
trims into rallies
when a holding rises +10%+
Top positions · 5
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| BTGOBitGo Holdings, Inc. | $103M | 57.0% | — | 0.3 yr |
| BWAYBrainsWay Ltd. | $71M | 39.1% | +180.4% | 1.5 yr |
| APGEApogee Therapeutics, Inc | $4M | 2.0% | +125.3% | 0.3 yr |
| HRMYHarmony Biosciences Hold | $3M | 1.8% | -15.6% | 4.5 yr |
| BIOABioAge Labs, Inc. | $0M | 0.1% | +365.2% | 1.8 yr |
Portfolio composition (YoY)
Industry mix
Financial - Capital Markets57.0%$103M
Medical - Devices39.1%+30.8pp$71M
Biotechnology3.9%-87.4pp$7M
Country
US60.9%-30.8pp
IL39.1%+30.8pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| HRMY | $220M | -0.03B | -15.6% |
Top buys this quarter · 3
| BTGO BitGo Holdings, Inc.new | +$103M |
| APGE Apogee Therapeutics, Inc.new | +$91M |
| BWAY BrainsWay Ltd. | +$35M |
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 | $181M | 5 | +37.01% | +17.59% | +19.42% | +0.12B |
| 2025-12-31 | $55M | 3 | +10.88% | +17.72% | -6.84% | -0.03B |
| 2025-09-30 | $67M | 4 | -24.43% | +17.52% | -41.95% | -0.14B |
| 2025-06-30 | $238M | 4 | +5.27% | +14.94% | -9.67% | +0.00B |
| 2025-03-31 | $241M | 4 | +2.60% | +8.30% | -5.70% | -0.00B |
| 2024-12-31 | $249M | 4 | +10.41% | +24.89% | -14.47% | -0.18B |
| 2024-09-30 | $475M | 4 | +20.14% | +36.04% | -15.90% | -0.09B |
| 2024-06-30 | $455M | 6 | -9.69% | +24.49% | -34.18% | +0.00B |
| 2024-03-31 | $480M | 6 | +2.85% | +29.62% | -26.77% | +0.10B |
| 2023-12-31 | $364M | 3 | -41.38% | +26.18% | -67.56% | -0.00B |
| 2023-09-30 | $372M | 4 | -26.01% | +21.57% | -47.58% | -0.00B |
| 2023-06-30 | $402M | 5 | -27.85% | +19.42% | -47.27% | -6.72B |
| 2023-03-31 | $6.61B | 4 | -33.03% | -7.82% | -25.21% | +3.86B |
| 2022-12-31 | $4.64B | 4 | +24.41% | +7.56% | +16.85% | +4.00B |
| 2022-09-30 | $521M | 3 | -9.19% | -4.93% | -4.26% | +0.01B |
| 2022-06-30 | $567M | 3 | +0.04% | -16.11% | +16.15% | -0.09B |