Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.38%
adds when stocks drop
when a holding falls −10%+
Middle response
-2.09%
baseline attrition
Rally response
-3.96%
trims into rallies
when a holding rises +10%+
Top positions · 6
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| KYMRKymera Therapeutics, Inc | $381M | 48.3% | +204.3% | 4.5 yr |
| DYNDyne Therapeutics, Inc. | $166M | 21.0% | +73.3% | 4.5 yr |
| SIONSionna Therapeutics, Inc | $120M | 15.2% | +283.3% | 1.3 yr |
| IRONDisc Medicine, Inc. | $97M | 12.3% | +28.8% | 3.5 yr |
| QTTBQ32 Bio Inc. | $13M | 1.7% | +289.1% | 2.3 yr |
| KRROKorro Bio, Inc. | $13M | 1.6% | -35.0% | 2.5 yr |
Portfolio composition (YoY)
Industry mix
Biotechnology100.0%+0.6pp$790M
Country
US100.0%+0.6pp
Top 5: 98.4% · Top 10: 100.0% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| KYMR | $134M | +0.27B | 204.3% |
| SION | $39M | +0.11B | 283.3% |
| DYN | $96M | +0.07B | 73.3% |
| IRON | $118M | +0.03B | 28.8% |
| QTTB | $3M | +0.01B | 289.1% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| KRRO | $20M | -0.01B | -35.0% |
Top buys this quarter · 0
No buys this quarter
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $790M | 6 | +120.74% | +17.59% | +103.14% | -0.11B |
| 2025-12-31 | $865M | 8 | +30.65% | +17.72% | +12.93% | -0.10B |
| 2025-09-30 | $753M | 9 | -19.05% | +17.52% | -36.57% | -0.17B |
| 2025-06-30 | $662M | 11 | -28.19% | +14.94% | -43.13% | +0.04B |
| 2025-03-31 | $522M | 13 | -48.16% | +8.30% | -56.46% | +0.02B |
| 2024-12-31 | $820M | 13 | +27.02% | +24.89% | +2.14% | -0.04B |
| 2024-09-30 | $1.08B | 14 | +111.61% | +36.04% | +75.57% | -0.09B |
| 2024-06-30 | $950M | 15 | +47.36% | +24.49% | +22.87% | +0.02B |
| 2024-03-31 | $1.08B | 16 | +84.31% | +29.62% | +54.69% | -0.18B |
| 2023-12-31 | $840M | 16 | +11.02% | +26.18% | -15.16% | -0.01B |
| 2023-09-30 | $646M | 15 | -6.37% | +21.57% | -27.94% | -0.04B |
| 2023-06-30 | $804M | 15 | +32.18% | +19.42% | +12.76% | +0.01B |
| 2023-03-31 | $739M | 16 | -6.02% | -7.82% | +1.80% | -0.02B |
| 2022-12-31 | $830M | 17 | +11.47% | +7.56% | +3.91% | -0.18B |
| 2022-09-30 | $906M | 17 | +20.93% | -4.93% | +25.86% | +0.18B |
| 2022-06-30 | $598M | 16 | -23.32% | -16.11% | -7.21% | -0.01B |