Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-1.46%
trims when stocks drop
when a holding falls −10%+
Middle response
-1.70%
baseline attrition
Rally response
+4.40%
adds into rallies
when a holding rises +10%+
Top positions · 14
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| HAYWHayward Holdings, Inc. | $88M | 24.9% | -3.9% | 1.8 yr |
| RVMDRevolution Medicines, In | $77M | 22.0% | +175.0% | 2.5 yr |
| — | $36M | 10.1% | — | 0.8 yr |
| RXRXRecursion Pharmaceutical | $30M | 8.4% | -42.0% | 4.5 yr |
| QSRRestaurant Brands Intern | $29M | 8.1% | +15.1% | 4.5 yr |
| CPNGCoupang, Inc. | $27M | 7.6% | -13.9% | 4.5 yr |
| METAMeta Platforms, Inc. | $19M | 5.4% | -0.4% | 4.3 yr |
| GRABGrab Holdings Limited | $18M | 5.2% | -19.2% | 4.3 yr |
| NMRANeumora Therapeutics, In | $9M | 2.5% | +95.0% | 2.8 yr |
| 0A52.LInseego Corp. | $9M | 2.4% | +34.1% | 0.3 yr |
| MNDYmonday.com Ltd. | $5M | 1.3% | -71.6% | 4.0 yr |
| ACHRArcher Aviation Inc. | $4M | 1.0% | -27.3% | 4.0 yr |
| RKLBRocket Lab USA, Inc. | $2M | 0.6% | +259.2% | 0.3 yr |
| LYELLyell Immunopharma, Inc. | $2M | 0.5% | — | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Biotechnology33.3%-6.8pp$117M
Electrical Equipment & Parts24.9%-3.4pp$88M
Unknown10.1%+9.9pp$36M
Restaurants8.1%+2.9pp$29M
Specialty Retail7.6%-2.8pp$27M
Software - Application6.5%-4.3pp$23M
Internet Content & Information5.4%+1.5pp$19M
Communication Equipment2.4%$9M
Aerospace & Defense1.7%+0.7pp$6M
Country
US67.8%-5.7pp
Unknown10.1%+9.9pp
CA8.1%+2.9pp
KR7.6%+1.3pp
SG5.2%+0.6pp
IL1.3%-2.0pp
Top 5: 73.5% · Top 10: 96.5% · Top 25: 100.0%
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $352M | 14 | -1.31% | +17.59% | -18.91% | -0.04B |
| 2025-12-31 | $441M | 13 | -5.84% | +17.72% | -23.56% | -0.04B |
| 2025-09-30 | $500M | 13 | -4.36% | +17.52% | -21.88% | -0.05B |
| 2025-06-30 | $509M | 13 | +1.49% | +14.94% | -13.45% | -0.01B |
| 2025-03-31 | $491M | 14 | -14.79% | +8.30% | -23.09% | -0.11B |
| 2024-12-31 | $706M | 14 | -1.15% | +24.89% | -26.03% | +0.00B |
| 2024-09-30 | $720M | 15 | +16.33% | +36.04% | -19.71% | +0.19B |
| 2024-06-30 | $460M | 12 | +0.40% | +24.49% | -24.09% | -0.01B |
| 2024-03-31 | $527M | 16 | +40.79% | +29.62% | +11.17% | +0.02B |
| 2023-12-31 | $515M | 19 | +53.24% | +26.18% | +27.06% | +0.01B |
| 2023-09-30 | $439M | 19 | +16.81% | +21.57% | -4.75% | -0.05B |
| 2023-06-30 | $492M | 22 | +33.21% | +19.42% | +13.78% | -0.16B |
| 2023-03-31 | $524M | 25 | -11.75% | -7.82% | -3.94% | -0.02B |
| 2022-12-31 | $507M | 24 | -12.02% | +7.56% | -19.58% | +0.02B |
| 2022-09-30 | $555M | 24 | +12.99% | -4.93% | +17.92% | -0.02B |
| 2022-06-30 | $511M | 24 | -17.21% | -16.11% | -1.09% | +0.09B |