Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-3.84%
trims when stocks drop
when a holding falls −10%+
Middle response
—
—
Rally response
-16.66%
trims into rallies
when a holding rises +10%+
Top positions · 2
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NTLAIntellia Therapeutics, I | $47M | 99.1% | +80.3% | 1.5 yr |
| ACETAdicet Bio, Inc. | $0M | 0.9% | -43.6% | 1.5 yr |
Portfolio composition (YoY)
Industry mix
Biotechnology100.0%+0.1pp$48M
Country
US100.0%+0.1pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%
Losers
| Ticker | Prev $ | PnL | YoY % |
|---|---|---|---|
| ACET | $1M | -0.01B | -43.6% |
Top buys this quarter · 0
No buys this quarter
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 | $48M | 2 | +115.06% | +17.59% | +97.46% | -0.00B |
| 2025-12-31 | $34M | 2 | +70.25% | +17.72% | +52.54% | -0.59B |
| 2025-09-30 | $700M | 4 | +40.82% | +8.12% | +32.70% | -1.39B |
| 2025-06-30 | $1.49B | 4 | +20.62% | +10.78% | +9.85% | -0.00B |
| 2025-03-31 | $1.23B | 6 | +12.16% | -4.27% | +16.43% | +0.01B |
| 2024-12-31 | $1.09B | 6 | — | — | — | — |