Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +167.3%
S&P 500 total return (same window) +37.0%
Excess return +130.3%

Annualized: +119.7% · S&P 500: +28.7%

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: 96.3% · Options excluded: 0.0%

Sector breakdown

04
Industrials 1.2%
Technology 1.0%
Communication Services 0.8%
Financials 0.8%
Healthcare 0.8%
Other/Unmapped 95.4%

Full portfolio 28 positions

05
Type Streak 8Q trend
Unknown issuer (CUSIP: 84615Q103) $94,176,237,970 95.07% 551,189,500 Up ×1
PL Planet Labs PBC Class A Common Stock $1,167,795,849 1.18% 35,248,893 $182,589,267
ASTS AST SpaceMobile, Inc. - Class A Common Stock $794,718,166 0.80% 8,943,486 $53,571,481
CME CME Group Inc. - Class A Common Stock $769,376,137 0.78% 3,484,020 $-259,629,170
ARM Arm Holdings plc - American Depositary Shares $695,235,183 0.70% 1,960,784 $398,607,779
RVMD Revolution Medicines, Inc. - Common Stock $551,842,806 0.56% 2,946,619 $231,644,750 Down ×3
FRSH Freshworks Inc. - Class A Common Stock $144,992,003 0.15% 14,327,273 $29,944,001
Unknown issuer (CUSIP: 698955101) $134,646,660 0.14% 4,919,498 Up ×1
TEM Tempus AI, Inc. - Class A Common Stock $89,855,339 0.09% 1,551,102 $19,714,507
GTLB GitLab Inc. - Class A Common Stock $83,185,457 0.08% 2,724,712 $24,222,689
PATH UiPath, Inc. Class A Common Stock $76,463,243 0.08% 7,034,337 $-1,617,898
LIFE Ethos Technologies Inc. - Class A Common Stock $65,714,037 0.07% 3,622,604 $23,601,394 Down ×1
PRME Prime Medicine, Inc. - Common Stock $61,115,618 0.06% 16,562,498 $3,478,125
Unknown issuer (CUSIP: 31556C106) $51,466,202 0.05% 1,760,732 Up ×1
Unknown issuer (CUSIP: 70450C101) $44,781,250 0.05% 3,125,000 $-21,906,250
MAZE Maze Therapeutics, Inc. - Common Stock $41,435,317 0.04% 1,388,583 $-13,886
RLAY Relay Therapeutics, Inc. - Common Stock $26,381,643 0.03% 1,410,029 $10,818,122 Down ×2
BBOT BridgeBio Oncology Therapeutics, Inc. - Common Stock $21,512,220 0.02% 2,823,126 $-3,754,758
OSCR Oscar Health, Inc. Class A Common Stock $13,746,298 0.01% 481,988 $8,217,896
BEAM Beam Therapeutics Inc. - Common Stock $11,037,449 0.01% 321,604 $3,373,626
VERA Vera Therapeutics, Inc. - Class A Common Stock $10,352,638 0.01% 241,264 $646,587
SANA Sana Biotechnology, Inc. - Common Stock $9,815,625 0.01% 2,812,500 $1,715,625
GLUE Monte Rosa Therapeutics, Inc. - Common Stock $9,013,871 0.01% 372,474 $-2,242,453 Down ×3
LYEL Lyell Immunopharma, Inc. - Common Stock $4,120,247 0.00% 293,256 $-1,762,468
FIG Figma, Inc. Class A Common Stock $3,899,878 0.00% 215,582 $-657,525
SPRO Spero Therapeutics, Inc. - Common Stock $1,966,854 0.00% 889,979 $-115,697
HYPR Hyperfine, Inc. - Class A Common Stock $1,213,272 0.00% 898,720 $242,654
AUTL Autolus Therapeutics plc - American Depositary Shares $1,117,219 0.00% 698,262 $153,617

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 84615Q103) $94,176,237,970 551,189,500 95.07%
Unknown issuer (CUSIP: 698955101) $134,646,660 4,919,498 0.14%
Unknown issuer (CUSIP: 31556C106) $51,466,202 1,760,732 0.05%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
ARM Price move only +0 +$398.6M
CME Price move only +0 -$259.6M
RVMD Trimmed -346K +$231.6M
PL Price move only +0 +$182.6M
ASTS Price move only +0 +$53.6M
FRSH Price move only +0 +$29.9M
GTLB Price move only +0 +$24.2M
LIFE Trimmed -148K +$23.6M
· Price move only +0 -$21.9M
TEM Price move only +0 +$19.7M

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
MTSR Dec. 31, 2025 3,783,528 $197,992,020 No longer tracked
VERV Sept. 30, 2025 12,168,489 $136,652,131 No longer tracked
DXCM March 31, 2026 1,036,937 $68,821,509 35.9%
CRWD June 30, 2025 74,230 $26,172,013 -47.0%
DNTH Dec. 31, 2025 208,697 $8,212,227 114.0%
DM June 30, 2025 1,104,871 $5,424,917 No longer tracked
LYEL (filed as LYELXXXX) June 30, 2025 5,865,125 $3,167,168 4.8%
WGS March 31, 2026 22,711 $2,953,793 13.8%
FHTX Dec. 31, 2025 500,901 $2,449,406 -62.6%
EXAS March 31, 2026 23,205 $2,356,700 No longer tracked
TSHA Dec. 31, 2025 640,882 $2,095,684 -15.8%
TCRX Dec. 31, 2025 1,077,080 $1,960,286 -68.0%
BRNS Dec. 31, 2025 1,513,644 $1,892,055 No longer tracked
KRON June 30, 2025 1,438,232 $1,193,733 No longer tracked
GUTS Dec. 31, 2025 662,584 $1,053,509 -81.5%
QNCX March 31, 2026 189,122 $633,559 44.6%
TNYA June 30, 2026 915,705 $631,836 -23.7%
RANI June 30, 2025 448,492 $565,100 57.7%
ALEC Dec. 31, 2025 175,866 $520,563 16.0%
FULC March 31, 2026 14,262 $161,303 -51.9%
RGEN March 31, 2026 383 $62,758 54.2%