Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +67.7%
S&P 500 total return (same window) +37.0%
Excess return +30.7%

Annualized: +51.3% · 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: 97.1% · Options excluded: 0.0%

Sector breakdown

04
Healthcare 28.7%
Financials 11.3%
Technology 2.1%
Consumer Discretionary 1.9%
Industrials 1.1%
Real Estate 0.5%
Energy 0.0%
Communication Services 0.0%
Other/Unmapped 54.4%

Full portfolio 76 positions

05
Type Streak 8Q trend
Unknown issuer (CUSIP: 84615Q103) $239,001,531 35.97% 1,398,815 Up ×1
AKTS Aktis Oncology, Inc. - Common stock $98,953,158 14.89% 3,070,219 $42,396,642 Down ×1
CGEM Cullinan Therapeutics, Inc. - Common Stock $28,039,102 4.22% 1,539,764 $901,356 Down ×3
LRMR Larimar Therapeutics, Inc. - Common Stock $27,947,629 4.21% 9,163,157 $-4,092,403 Up ×6
NCDL Nuveen Churchill Direct Lending Corp. Common Stock $26,623,835 4.01% 2,143,626 $-643,088
MPLT MapLight Therapeutics, Inc. - Common Stock $26,160,655 3.94% 729,929 $5,710,118 Down ×1
COF Capital One Financial Corporation Common Stock $24,025,649 3.62% 119,757 Up ×1
OBDC Blue Owl Capital Corporation Common Stock $22,229,911 3.35% 2,045,070 $-388,563
Unknown issuer (CUSIP: 243927100) $14,719,996 2.22% 1,333,333 Up ×1
DELL Dell Technologies Inc. Class C Common Stock $14,221,353 2.14% 32,961 $11,940,110 Up ×1
HLLY Holley Inc. Common Stock $11,161,064 1.68% 4,376,888 $-1,846,182 Up ×2
EYPT EyePoint, Inc. - Common Stock $10,905,094 1.64% 762,594 $-858,243 Down ×1
SGMT Sagimet Biosciences Inc. - Series A Common Stock $9,744,005 1.47% 1,260,544 $7,999,498 Up ×1
CRVS Corvus Pharmaceuticals, Inc. - Common Stock $9,092,484 1.37% 608,600 $1,119,134 Up ×1
ARTV Artiva Biotherapeutics, Inc. - Common Stock $8,483,057 1.28% 874,542 Up ×1
CMPX Compass Therapeutics, Inc. - Common Stock $7,936,726 1.19% 3,624,076 $-7,623,941 Up ×1
CNDT Conduent Incorporated - Common Stock $7,353,429 1.11% 5,036,595 $906,587
RYTM Rhythm Pharmaceuticals, Inc. - Common Stock $6,823,349 1.03% 61,455 $1,478,608
CMPS COMPASS Pathways Plc - American Depository Shares $6,367,500 0.96% 450,000
RARE Ultragenyx Pharmaceutical Inc. - Common Stock $6,098,283 0.92% 182,638 $-241,983 Down ×1
PVLA Palvella Therapeutics, Inc. - Common Stock $5,541,100 0.83% 36,259 $1,644,666 Up ×1
IMA ImageneBio, Inc. - Common Stock $5,414,383 0.81% 917,692 $617,698 Down ×1
Unknown issuer (CUSIP: 20451W901) $5,180,485 0.78% 1,670,500 Call option Up ×1
VRDN Viridian Therapeutics, Inc. - Common Stock $4,776,200 0.72% 260,000 Up ×1
IMMX Immix Biopharma, Inc. - Common Stock $4,511,161 0.68% 437,552 $-477,038 Down ×2
ORIC Oric Pharmaceuticals, Inc. - Common Stock $4,332,000 0.65% 400,000 $2,431,500 Up ×1
LENZ LENZ Therapeutics, Inc. - Common Stock $4,298,181 0.65% 756,722 $-338,325 Up ×2
AQST Aquestive Therapeutics, Inc. - Common Stock $3,922,597 0.59% 942,932 $-1,671,321 Down ×1
STWD STARWOOD PROPERTY TRUST, INC. Starwood Property Trust Inc. $3,216,295 0.48% 196,355 $486,150 Up ×1
EVMN Evommune, Inc. Common Stock $2,392,200 0.36% 180,000 $93,200 Up ×1
ELDN Eledon Pharmaceuticals, Inc. - Common Stock $2,232,045 0.34% 566,509 $-2,141,284 Down ×2
CABA Cabaletta Bio, Inc. - Common Stock $2,222,748 0.33% 714,710
CHYM Chime Financial, Inc. - Class A Common Stock $1,840,701 0.28% 89,878
CNTX Context Therapeutics Inc. - Common Stock $1,625,151 0.24% 2,934,015 $-11,708,068 Down ×2
WW WW International, Inc. - Common Stock $1,348,696 0.20% 84,399 $34,685 Down ×1
MRKR Marker Therapeutics, Inc. - Common Stock $814,748 0.12% 554,250 $94,223
Unknown issuer (CUSIP: 29479A908) $795,000 0.12% 100,000 Call option Up ×1
ADCT ADC Therapeutics SA Common Shares $784,918 0.12% 733,568 $-1,804,577
HELP Cybin Inc. - Common Stock $396,012 0.06% 59,911 Up ×1
FLD Fold Holdings, Inc. - Class A Common Stock $385,484 0.06% 856,632 $-745,270
NIOBW NioCorp Developments Ltd. - Warrant $380,958 0.06% 268,280 $-144,006 Down ×2
Unknown issuer (CUSIP: 28617K901) $285,000 0.04% 200,000 Call option Up ×1
RZLVW Rezolve AI PLC - Warrants $213,960 0.03% 235,121 $11,756
BNAIW Brand Engagement Network Inc. - Warrant $203,533 0.03% 1,453,808 $-213,169 Down ×2
Unknown issuer (CUSIP: 724078209) $175,642 0.03% 2,428 $-10,221
Unknown issuer (CUSIP: 29286X119) $148,190 0.02% 511,177 Up ×1
Unknown issuer (CUSIP: 517125900) $145,720 0.02% 728,600 Call option Up ×1
CELC Celcuity Inc. - Common Stock $130,670 0.02% 1,249 Up ×1
Unknown issuer (CUSIP: 20454B904) $106,330 0.02% 303,800 Call option Up ×1
Unknown issuer (CUSIP: 85238K118) $102,500 0.02% 250,000 Up ×1
ET Energy Transfer LP Common Units $101,833 0.02% 5,326 $-959
CAI Caris Life Sciences, Inc. - Common Stock $83,950 0.01% 4,711 $-283
VOD Vodafone Group Plc - American Depositary Shares each representing ten Ordinary Shares $71,005 0.01% 5,371 Up ×1
DAVEW Dave Inc. - Warrants $68,425 0.01% 28,750 $60,662
MRNO Murano Global Investments PLC - Ordinary Shares $62,850 0.01% 261,875 Up ×1
AMODW Alpha Modus Holdings, Inc. - Warrant $55,640 0.01% 1,854,665 $-18,547
RDZNW Roadzen, Inc. - Warrants $42,750 0.01% 225,000 $11,250
Unknown issuer (CUSIP: 020952206) $41,974 0.01% 9,853 Up ×1
AEON CUSIP: 00791X209 $30,494 0.00% 42,353 $-11,012
SLNDWS CUSIP: 84445C118 $25,809 0.00% 860,302 $-8,603
BGLWW Blue Gold Limited - Warrant $21,000 0.00% 175,000 $-14,000
SHFS SHF Holdings, Inc. - Class A Common Stock $18,215 0.00% 75,897 $-44,780
BKSYWS CUSIP: 09263B116 $17,500 0.00% 350,000 $3,500
TVGNW Tevogen Bio Holdings Inc. - Warrant $12,000 0.00% 200,000 $6,000
ZEOWW Zeo Energy Corporation - Warrants $10,000 0.00% 250,000
LVWRWS CUSIP: 53838J113 $8,000 0.00% 400,000
NVNIW Nvni Group Limited - Warrants $6,000 0.00% 200,000
KPLT Katapult Holdings, Inc. - Common Stock $5,373 0.00% 5,421 $-363
DAICW CID HoldCo, Inc. - Warrants $4,445 0.00% 444,515 $-4,445
BDMDW Baird Medical Investment Holdings Ltd - Warrant $4,000 0.00% 100,000 $-5,000
PGYWW Pagaya Technologies Ltd. - Warrants $2,433 0.00% 48,661 $487
SDSTW Stardust Power Inc. - Warrant $2,167 0.00% 16,666 $-500
LIMNW Liminatus Pharma, Inc. - Warrants $2,000 0.00% 50,000 $0
WALDW Waldencast plc - Warrant $1,667 0.00% 33,333 $334
XBPEW XBP Global Holdings, Inc. - Warrant $1,487 0.00% 24,778 $0
ASBPW Aspire Biopharma Holdings, Inc. - Warrant $1,000 0.00% 50,000 $0

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

SecurityValue% of portfolioStreak
LRMR $27,947,629 4.21% up ×6

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
Unknown issuer (CUSIP: 84615Q103) $239,001,531 1,398,815 35.97%
COF $24,025,649 119,757 3.62%
Unknown issuer (CUSIP: 243927100) $14,719,996 1,333,333 2.22%
ARTV $8,483,057 874,542 1.28%
CMPS $6,367,500 450,000 0.96%
Unknown issuer (CUSIP: 20451W901) $5,180,485 1,670,500 0.78%
VRDN $4,776,200 260,000 0.72%
CABA $2,222,748 714,710 0.33%
CHYM $1,840,701 89,878 0.28%
Unknown issuer (CUSIP: 29479A908) $795,000 100,000 0.12%
HELP $396,012 59,911 0.06%
Unknown issuer (CUSIP: 28617K901) $285,000 200,000 0.04%
Unknown issuer (CUSIP: 29286X119) $148,190 511,177 0.02%
Unknown issuer (CUSIP: 517125900) $145,720 728,600 0.02%
CELC $130,670 1,249 0.02%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
AKTS Trimmed -91K +$42.4M
CMPX Bought more +683K -$7.6M
MPLT Trimmed -276K +$5.7M
LRMR Bought more +2.0M -$4.1M
ORIC Bought more +250K +$2.4M
ELDN Trimmed -853K -$2.1M
HLLY Bought more +140K -$1.8M
ADCT Price move only +0 -$1.8M
AQST Trimmed -405K -$1.7M
PVLA Bought more +5K +$1.6M

3 positions hidden — reported move looks larger than the position itself (data completeness check)

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
ENGN June 30, 2026 4,416,353 $30,075,364 -8.7%
EVCM Dec. 31, 2025 1,641,929 $18,274,670 -19.9%
TRML Sept. 30, 2025 997,107 $15,943,741 No longer tracked
TQQQ June 30, 2025 175,000 $10,027,500
RPTX March 31, 2026 3,443,659 $8,953,513 No longer tracked
PCOR March 31, 2026 94,264 $6,856,765 10.1%
IRON Dec. 31, 2025 102,260 $6,757,341 -2.2%
ROIV March 31, 2026 263,249 $5,712,503 30.1%
IKNA Sept. 30, 2025 4,091,118 $5,482,098 No longer tracked
TEM Sept. 30, 2025 80,167 $5,093,811 -16.2%
KRRO Dec. 31, 2025 105,000 $5,028,450 50.1%
CVEO June 30, 2026 180,475 $4,775,369 -17.4%
IMRX March 31, 2026 665,000 $4,375,700 -29.6%
KALV June 30, 2026 215,000 $4,327,950 No longer tracked
OVID June 30, 2026 1,904,666 $4,228,359 -19.9%
PAYO March 31, 2026 832,810 $3,978,333 48.0%
PLRX June 30, 2026 2,969,199 $3,741,191 -25.5%
CNTA March 31, 2026 139,450 $3,487,645 No longer tracked
ETWO June 30, 2025 1,650,943 $3,301,886 No longer tracked
CMPS March 31, 2026 469,914 $3,242,407 99.8%
NU March 31, 2026 173,873 $2,910,634 -12.4%
KROS June 30, 2025 266,033 $2,710,876 -15.1%
STWD Sept. 30, 2025 131,461 $2,638,422 -35.1%
MREO Dec. 31, 2025 1,250,000 $2,575,000 -34.1%
NN June 30, 2025 198,760 $2,418,909 -25.8%
MLYS March 31, 2026 65,944 $2,393,108 -24.1%
BMEA Sept. 30, 2025 1,300,000 $2,340,000 -68.5%
ACLX Dec. 31, 2025 26,823 $2,202,168 No longer tracked
CABA Sept. 30, 2025 1,125,000 $1,710,000 -42.3%
APGE Sept. 30, 2025 35,000 $1,520,050 No longer tracked
JANX March 31, 2026 100,000 $1,380,000 20.1%
A105PS June 30, 2025 91,429 $1,371,586 No longer tracked
ENGNW June 30, 2026 511,177 $1,293,278 -89.2%
EPD June 30, 2026 31,290 $1,184,014 0.7%
CHYM March 31, 2026 39,886 $1,003,930 52.4%
TNGX Dec. 31, 2025 119,416 $1,003,094 163.4%
INZY June 30, 2025 1,080,027 $982,825 No longer tracked
OPTXW June 30, 2026 803,132 $867,383 19.7%
GOCO June 30, 2025 25,096 $694,352 No longer tracked
RZLV Sept. 30, 2025 181,667 $558,626 -70.5%
GTLB Dec. 31, 2025 12,352 $556,828 50.9%
DRTSW March 31, 2026 1,166,118 $396,480 194.1%
ROIV June 30, 2025 39,003 $393,540 219.9%
CAH June 30, 2026 1,718 $363,031 5.9%
OMDA March 31, 2026 15,377 $242,649 53.1%
TTAN March 31, 2026 2,266 $241,329 37.2%
PIPR March 31, 2026 607 $206,204 -15.1%
AMOD June 30, 2026 394,078 $145,809 -76.6%
GATEW June 30, 2025 597,333 $95,573 No longer tracked
DAIC June 30, 2026 557,361 $94,751 -40.2%
CRML June 30, 2025 67,718 $94,128 78.2%
GOCO June 30, 2026 40,770 $61,563 No longer tracked
ANGX March 31, 2026 10,000 $46,700 25.1%
LVWRWS March 31, 2026 500,000 $30,000 No longer tracked
ZAPWF June 30, 2025 1,930,986 $19,310 No longer tracked
NVNIW March 31, 2026 200,000 $14,000 No longer tracked
ZEOWW March 31, 2026 250,000 $10,000 -27.3%
PITAW June 30, 2025 989,998 $9,900 No longer tracked
KPLT Sept. 30, 2025 5,421 $6,509 -35.7%
VSTEW June 30, 2025 200,000 $6,000 No longer tracked
BAERW March 31, 2026 25,000 $5,000 -85.7%
BSLKW March 31, 2026 166,666 $3,333 No longer tracked
CEROW Dec. 31, 2025 224,930 $2,992 No longer tracked
ZCARW June 30, 2025 250,000 $2,500 No longer tracked
PDYNW March 31, 2026 35,000 $2,100 No longer tracked
BTMWW June 30, 2026 50,000 $1,000 No longer tracked
CXAIW March 31, 2026 12,500 $625 -52.1%
SLXNW March 31, 2026 12,500 $375 -82.6%
VRNA Dec. 31, 2025 18,347 $98 No longer tracked
BLNE March 31, 2026 129,529 $0 -71.6%
KPLTW June 30, 2026 400,000 $0 No longer tracked