Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-21.12%
trims when stocks drop
when a holding falls −10%+
Middle response
-18.22%
baseline attrition
Rally response
-4.66%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| GOOGAlphabet Inc. | $110M | 9.3% | +84.3% | 6.0 yr |
| MUMicron Technology, Inc. | $86M | 7.3% | +289.6% | 0.5 yr |
| ABVXAbivax S.A. | $85M | 7.2% | +1681.6% | 0.8 yr |
| PTGXProtagonist Therapeutics | $60M | 5.1% | +117.9% | 0.5 yr |
| NVDANVIDIA Corporation | $59M | 5.0% | +60.9% | 3.0 yr |
| AMZNAmazon.com, Inc. | $55M | 4.6% | +9.5% | 2.3 yr |
| RVMDRevolution Medicines, In | $47M | 4.0% | +175.0% | 0.3 yr |
| CYTKCytokinetics, Incorporat | $44M | 3.7% | +64.0% | 2.0 yr |
| MSFTMicrosoft Corporation | $42M | 3.6% | -0.6% | 3.3 yr |
| CRWDCrowdStrike Holdings, In | $41M | 3.5% | +10.7% | 3.3 yr |
| AVGOBroadcom Inc. | $40M | 3.4% | +86.0% | 2.3 yr |
| DOWDow Inc. | $40M | 3.4% | +27.4% | 0.3 yr |
| LYBLyondellBasell Industrie | $39M | 3.3% | +25.0% | 0.3 yr |
| MELIMercadoLibre, Inc. | $37M | 3.2% | -11.4% | 2.5 yr |
| XOMExxon Mobil Corporation | $36M | 3.1% | +47.6% | 0.3 yr |
Portfolio composition (YoY)
Industry mix
Biotechnology22.1%+4.8pp$261M
Semiconductors20.6%+13.1pp$243M
Internet Content & Information12.0%+6.0pp$142M
Specialty Retail7.8%-0.4pp$92M
Software - Infrastructure7.1%-5.0pp$84M
Chemicals6.7%$79M
Oil & Gas Integrated6.0%$71M
Copper3.3%-1.7pp$38M
Renewable Utilities3.0%$35M
Chemicals - Specialty2.8%-4.8pp$33M
Country
US86.0%-1.2pp
FR7.2%
UY3.2%-0.6pp
GB2.8%-4.8pp
NL0.7%
Top 5: 34.1% · Top 10: 53.4% · Top 25: 92.1%
Top buys this quarter · 15
| RVMD Revolution Medicines, Inc.new | +$47M |
| DOW Dow Inc.new | +$40M |
| LYB LyondellBasell Industries N.V.new | +$39M |
| XOM Exxon Mobil Corporationnew | +$36M |
| CVX Chevron Corporation | +$31M |
| CEG Constellation Energy Corporatinew | +$29M |
| MELI MercadoLibre, Inc. | +$27M |
| CRWD CrowdStrike Holdings, Inc. | +$14M |
| ABVX Abivax S.A. | +$85M |
| MSFT Microsoft Corporation | +$42M |
Top sells this quarter · 15
| AXSM Axsome Therapeutics, Inc.exit | −$47M |
| SRRK Scholar Rock Holding Corporatiexit | −$38M |
| WDC Western Digital Corporation | −$35M |
| SNOW Snowflake Inc. | −$31M |
| AMZN Amazon.com, Inc. | −$21M |
| VRT Vertiv Holdings Co | −$19M |
| MLYS Mineralys Therapeutics, Inc. | −$15M |
| GOOG Alphabet Inc. | −$14M |
| VRDN Viridian Therapeutics, Inc.exit | −$8M |
| CYTK Cytokinetics, Incorporated | −$6M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1.18B | 51 | +42.11% | +17.59% | +24.52% | +0.03B |
| 2025-12-31 | $1.13B | 48 | +25.26% | +17.72% | +7.54% | -0.26B |
| 2025-09-30 | $1.29B | 46 | +13.29% | +17.52% | -4.22% | +0.30B |
| 2025-06-30 | $846M | 56 | -2.77% | +14.94% | -17.71% | +0.31B |
| 2025-03-31 | $485M | 54 | -10.88% | +8.30% | -19.18% | -0.24B |
| 2024-12-31 | $810M | 51 | +11.25% | +24.89% | -13.63% | +0.11B |
| 2024-09-30 | $721M | 48 | +32.63% | +36.04% | -3.41% | +0.10B |
| 2024-06-30 | $615M | 41 | +33.40% | +24.49% | +8.91% | -0.04B |
| 2024-03-31 | $648M | 37 | +39.44% | +29.62% | +9.82% | +0.16B |
| 2023-12-31 | $439M | 31 | +29.44% | +26.18% | +3.26% | +0.07B |
| 2023-09-30 | $317M | 25 | +27.88% | +21.57% | +6.31% | -0.03B |
| 2023-06-30 | $345M | 27 | +23.45% | +19.42% | +4.02% | +0.04B |
| 2023-03-31 | $283M | 25 | -13.42% | -7.82% | -5.60% | +0.04B |
| 2022-12-31 | $230M | 20 | +13.97% | +7.56% | +6.41% | -0.01B |
| 2022-09-30 | $212M | 21 | -1.81% | -4.93% | +3.12% | +0.05B |
| 2022-06-30 | $165M | 13 | -25.68% | -16.11% | -9.57% | -0.01B |