Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
—
—
when a holding falls −10%+
Middle response
+0.00%
baseline attrition
Rally response
+19.54%
adds into rallies
when a holding rises +10%+
Top positions · 4
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| CYTKCytokinetics, Incorporat | $65M | 37.4% | — | 0.5 yr |
| BCAXBicara Therapeutics Inc. | $47M | 27.0% | — | 0.5 yr |
| BCRXBioCryst Pharmaceuticals | $37M | 21.2% | — | 0.5 yr |
| — | $25M | 14.4% | — | 0.5 yr |
Portfolio composition (YoY)
Industry mix
Biotechnology85.6%$148M
Unknown14.4%$25M
Country
US85.6%
Unknown14.4%
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|
Top buys this quarter · 1
| BCAX Bicara Therapeutics Inc. Commo | +$22M |
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 | $173M | 4 | +11.28% | -4.37% | +15.65% | -0.02B |
| 2025-12-31 | $171M | 4 | — | — | — | — |