Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.00%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.00%
baseline attrition
Rally response
-1.93%
trims into rallies
when a holding rises +10%+
Top positions · 14
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| MRNAModerna, Inc. | $117M | 33.6% | +79.2% | 1.5 yr |
| PSNLPersonalis, Inc. | $89M | 25.6% | +81.5% | 1.5 yr |
| KYMRKymera Therapeutics, Inc | $64M | 18.4% | +204.3% | 1.5 yr |
| — | $22M | 6.3% | — | 1.5 yr |
| EIKNEikon Therapeutics, Inc. | $18M | 5.0% | — | 0.3 yr |
| AKTSAktis Oncology, Inc. | $17M | 4.9% | — | 0.3 yr |
| ALECAlector, Inc. | $8M | 2.2% | +74.8% | 1.5 yr |
| STROSutro Biopharma, Inc. | $7M | 1.9% | +282.6% | 1.5 yr |
| — | $5M | 1.3% | — | 1.5 yr |
| VRDNViridian Therapeutics, I | $2M | 0.5% | +45.1% | 1.5 yr |
| XLOXilio Therapeutics, Inc. | $1M | 0.3% | — | 0.3 yr |
| CARMCarisma Therapeutics, In | $0M | 0.0% | — | 1.5 yr |
| NEUPNeuphoria Therapeutics I | $0M | 0.0% | -29.3% | 1.5 yr |
| HURATuHURA Biosciences, Inc. | $0M | 0.0% | -44.6% | 1.0 yr |
Portfolio composition (YoY)
Industry mix
Biotechnology66.8%+8.4pp$233M
Medical - Diagnostics & Research25.6%-4.4pp$89M
Unknown7.6%-4.0pp$26M
Medical - Pharmaceuticals0.0%-0.0pp$0M
Country
US92.4%+4.9pp
Unknown7.6%-4.0pp
Top 5: 88.9% · Top 10: 99.7% · Top 25: 100.0%
Winners
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| MRNA | $65M | +0.05B | 79.2% |
| STRO | $2M | +0.05B | 282.6% |
| KYMR | $21M | +0.04B | 204.3% |
| PSNL | $49M | +0.04B | 81.5% |
| ALEC | $4M | +0.00B | 74.8% |
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| NEUP | $0M | -0.00B | -29.3% |
Top buys this quarter · 4
| EIKN Eikon Therapeutics, Inc. Commonew | +$18M |
| AKTS Aktis Oncology, Inc.new | +$17M |
| XLO Xilio Therapeutics, Inc.new | +$1M |
| HURA TuHURA Biosciences, Inc. | +$0M |
Top sells this quarter · 1
| — exit | −$0M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $349M | 14 | +100.69% | +17.59% | +83.10% | +0.03B |
| 2025-12-31 | $276M | 12 | +5.53% | +17.72% | -12.18% | +0.00B |
| 2025-09-30 | $228M | 13 | +7.37% | +8.12% | -0.75% | -0.00B |
| 2025-06-30 | $216M | 13 | +35.16% | +10.78% | +24.39% | -0.01B |
| 2025-03-31 | $164M | 12 | -39.94% | -4.27% | -35.68% | +0.01B |
| 2024-12-31 | $258M | 13 | — | — | — | — |