Performance vs S&P 500

03
Tracked Q4 2025–Q2 2026 +22.3%
S&P 500 total return (same window) +8.7%
Excess return +13.6%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 98.3% · Options excluded: 0.0%

Sector breakdown

04
Healthcare 63.1%
Energy 17.6%
Communication Services 4.0%
Technology 3.8%
Consumer Discretionary 3.0%
Retail 2.0%
Materials 1.8%
Industrials 1.7%
Utilities 0.1%
Other/Unmapped 2.8%

Full portfolio 62 positions

05
Type Streak 8Q trend
KRYS Krystal Biotech, Inc. - Common Stock $16,725,150 10.93% 45,000 $1,102,731 Down ×2
TGTX TG Therapeutics, Inc. - Common Stock $13,791,314 9.01% 251,025 $5,518,703 Up ×1
ABVX Abivax SA - American Depositary Shares $12,926,220 8.44% 97,000 $5,031,505 Up ×2
CVX Chevron Corporation Common Stock $12,432,000 8.12% 75,000 $-3,085,500
XOM Exxon Mobil Corporation Common Stock $10,732,520 7.01% 78,500 $-1,143,680 Up ×1
ARWR Arrowhead Pharmaceuticals, Inc. - Common Stock $8,974,251 5.86% 110,100 $3,801,501 Up ×2
VKTX Viking Therapeutics, Inc. - Common Stock $8,164,793 5.33% 209,300 $1,354,171
CELC Celcuity Inc. - Common Stock $6,502,133 4.25% 62,150 $-3,961,652 Down ×1
NKTR Nektar Therapeutics - Common Stock $6,234,033 4.07% 89,300 $1,132,778 Up ×2
TSLA Tesla, Inc. - Common Stock $4,542,480 2.97% 10,800 Up ×1
CYTK Cytokinetics, Incorporated - Common Stock $4,046,525 2.64% 47,500 $-204,670 Down ×1
ASTS AST SpaceMobile, Inc. - Class A Common Stock $3,865,410 2.53% 43,500 Up ×1
PVLA Palvella Therapeutics, Inc. - Common Stock $3,438,450 2.25% 22,500 Up ×1
AMZN Amazon.com, Inc. - Common Stock $3,074,586 2.01% 12,900 $-3,798,324 Down ×1
NUVB Nuvation Bio Inc. Class A Common Stock $2,953,600 1.93% 520,000 $1,709,500 Up ×1
XENE Xenon Pharmaceuticals Inc. - Common Shares $2,897,280 1.89% 48,000 $949,255 Up ×1
ET Energy Transfer LP Common Units $2,544,872 1.66% 133,100 $-23,958
BE Bloom Energy Corporation Class A Common Stock $2,270,250 1.48% 7,500 $1,660,545 Up ×1
FCX Freeport-McMoRan, Inc. Common Stock $2,043,925 1.34% 32,500 $-219,105 Down ×1
NBIS Nebius Group N.V. - Class A Ordinary Shares $1,877,956 1.23% 6,800 Up ×1
ALMS Alumis Inc. - Common Stock $1,452,024 0.95% 51,600 $-2,386,704 Down ×1
AMBA Ambarella, Inc. - Ordinary Shares $1,372,800 0.90% 16,000 Up ×1
Unknown issuer (CUSIP: 15675D103) $1,237,600 0.81% 5,600 Up ×1
DFTX Definium Therapeutics, Inc. - Common Shares $1,176,000 0.77% 25,000 Up ×1
NOK Nokia Corporation Sponsored American Depositary Shares $1,088,960 0.71% 82,000 Up ×1
KURA Kura Oncology, Inc. - Common Stock $975,233 0.64% 88,900 $374,426 Up ×1
PRAX Praxis Precision Medicines, Inc. - Common Stock $903,933 0.59% 2,700 $34,020
AAOI Applied Optoelectronics, Inc. - Common Stock $888,960 0.58% 6,000 $-1,301,921 Down ×1
CCJ Cameco Corporation Common Stock $855,624 0.56% 8,400 Up ×1
GLUE Monte Rosa Therapeutics, Inc. - Common Stock $847,000 0.55% 35,000 $476,875 Up ×1
RGNX REGENXBIO Inc. - Common Stock $808,650 0.53% 67,500 $339,370 Up ×1
MLYS Mineralys Therapeutics, Inc. - Common Stock $758,138 0.50% 28,100 Up ×1
GBTC Grayscale Bitcoin Trust (BTC) $701,008 0.46% 15,400 $-111,496
VIR Vir Biotechnology, Inc. - Common Stock $655,217 0.43% 64,300 $79,089
PALI Palisade Bio, Inc. - Common Stock $642,675 0.42% 307,500 $192,050 Up ×2
PLTR Palantir Technologies Inc. - Class A Common Stock $641,685 0.42% 5,500 Up ×1
ON ON Semiconductor Corporation - Common Stock $567,240 0.37% 6,000 Up ×1
HCC Warrior Met Coal, Inc. Common Stock $486,960 0.32% 6,000 $-71,940
CRGY Crescent Energy Company Class A Common Stock $441,900 0.29% 45,000 $-165,600
MBX MBX Biosciences, Inc. - Common Stock $441,600 0.29% 8,000 $172,950 Down ×1
Unknown issuer (CUSIP: 486917107) $427,630 0.28% 74,500 Up ×1
CMPS COMPASS Pathways Plc - American Depository Shares $424,500 0.28% 30,000 $338,785 Up ×1
CRVS Corvus Pharmaceuticals, Inc. - Common Stock $403,380 0.26% 27,000 Up ×1
ACOG Alpha Cognition Inc. - Common Stock $371,830 0.24% 51,500 $89,095
KYTX Kyverna Therapeutics, Inc. - Common Stock $356,400 0.23% 40,000 $97,500 Up ×2
AXTI AXT Inc - Common Stock $353,192 0.23% 4,900 Up ×1
INFQ Infleqtion, Inc. Common Stock $333,000 0.22% 25,000 Up ×1
SRRK Scholar Rock Holding Corporation - Common Stock $330,000 0.22% 6,000 $-200,928 Down ×2
PATH UiPath, Inc. Class A Common Stock $326,100 0.21% 30,000 $-228,900 Down ×1
ANL Adlai Nortye Ltd. - American Depositary Shares $310,500 0.20% 27,000 Up ×1
ONDS Ondas Inc - Common Stock $309,000 0.20% 37,500 $-30,000
APC ARKO Petroleum Corp. - Class A Common Stock $282,750 0.18% 15,000 $14,400
RYZ Ryerson Holding Corporation Common Stock $275,632 0.18% 11,200 $32,848 Up ×1
WGS GeneDx Holdings Corp. - Class A Common Stock $274,600 0.18% 4,000 $-239,160 Down ×1
CGEH CUSIP: 14067D607 $253,000 0.17% 27,500 Up ×1
MU Micron Technology, Inc. - Common Stock $230,858 0.15% 200 $-275,902 Down ×1
NKLR Terra Innovatum Global N.V. - Ordinary shares $221,400 0.14% 45,000 $12,600
VVPR VivoPower International PLC - Ordinary Shares $219,725 0.14% 42,500 Up ×1
Unknown issuer (CUSIP: 84615Q103) $136,688 0.09% 800 Up ×1
LSPD Lightspeed Commerce Inc. Subordinate Voting Shares $131,125 0.09% 12,500 $19,125
SSYS Stratasys, Ltd. - Common Stock $85,600 0.06% 10,000 $7,500
PDSB PDS Biotechnology Corporation - Common Stock $26,433 0.02% 30,000 $8,283

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
TSLA $4,542,480 10,800 2.97%
ASTS $3,865,410 43,500 2.53%
PVLA $3,438,450 22,500 2.25%
NBIS $1,877,956 6,800 1.23%
AMBA $1,372,800 16,000 0.90%
Unknown issuer (CUSIP: 15675D103) $1,237,600 5,600 0.81%
DFTX $1,176,000 25,000 0.77%
NOK $1,088,960 82,000 0.71%
CCJ $855,624 8,400 0.56%
MLYS $758,138 28,100 0.50%
PLTR $641,685 5,500 0.42%
ON $567,240 6,000 0.37%
Unknown issuer (CUSIP: 486917107) $427,630 74,500 0.28%
CRVS $403,380 27,000 0.26%
AXTI $353,192 4,900 0.23%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
TGTX Bought more +2K +$5.5M
ABVX Bought more +26K +$5.0M
CELC Trimmed -30K -$4.0M
ARWR Bought more +28K +$3.8M
AMZN Trimmed -20K -$3.8M
CVX Price move only +0 -$3.1M
ALMS Trimmed -123K -$2.4M
NUVB Bought more +230K +$1.7M
BE Bought more +3K +$1.7M
VKTX Price move only +0 +$1.4M

Exited positions

11

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarterShares beforeValue beforePrice since exit
GPCR March 31, 2026 38,500 $2,677,675 -42.8%
FIGR March 31, 2026 57,500 $2,348,300 -17.7%
SPOT March 31, 2026 4,000 $2,322,840 -0.4%
IBM March 31, 2026 4,500 $1,332,945 -8.6%
EOG March 31, 2026 10,000 $1,050,100 -0.3%
STAA June 30, 2026 55,500 $1,037,850 -21.3%
SNDK March 31, 2026 3,500 $830,830 168.2%
DVN March 31, 2026 22,000 $805,860 -4.7%
TEVA March 31, 2026 23,000 $717,830 31.7%
S June 30, 2026 54,300 $699,384 49.9%
LITE June 30, 2026 900 $632,484 27.2%
CRCL June 30, 2026 6,000 $572,460 33.0%
APGE March 31, 2026 7,000 $528,360 No longer tracked
NVDA June 30, 2026 2,800 $488,320 19.4%
REPL June 30, 2026 61,500 $470,475 18.8%
OLMA June 30, 2026 25,000 $372,750 -34.1%
LQDA March 31, 2026 8,500 $293,165 -26.8%
BW March 31, 2026 36,500 $231,410 -61.6%
ALDX March 31, 2026 41,000 $212,380 -45.3%
INCY June 30, 2026 2,000 $188,240 0.7%
CAPR June 30, 2026 5,000 $152,000 -67.7%
VPG June 30, 2026 3,000 $130,260 -47.9%
ESPR June 30, 2026 47,500 $130,150 No longer tracked
AMLX June 30, 2026 9,000 $125,100 54.7%
DAWN March 31, 2026 12,900 $120,228 No longer tracked
TVTX March 31, 2026 3,000 $114,630 94.1%
WY March 31, 2026 4,500 $106,605 -24.3%
BHVN March 31, 2026 7,500 $84,675 53.3%
LTRX June 30, 2026 15,000 $78,600 21.3%
BTC March 31, 2026 1,800 $69,714 26.4%
HIMS June 30, 2026 2,500 $51,900 -14.4%
NVNO March 31, 2026 115,000 $36,892 -20.9%
YALA March 31, 2026 5,000 $34,700 -12.8%
MLTX March 31, 2026 1,500 $19,770 -38.9%