Performance vs S&P 500

03
Tracked Q1 2025–Q3 2025 -21.7%
S&P 500 total return (same window) +21.3%
Excess return -42.9%

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: 100.0% · Options excluded: 0.0%

Sector breakdown

04
Technology 92.4%
Health Care 7.6%

Full portfolio 3 positions

05
Type Streak 8Q trend
WEAV Weave Communications, Inc. Common Stock $23,371,376 64.46% 3,498,709 $-5,737,883
BILL BILL Holdings, Inc. Common Stock $10,128,870 27.94% 191,219 $-2,186,421 Down ×1
OWLT Owlet, Inc. Class A Common Stock $2,756,739 7.60% 325,471 $22,783

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
WEAV Price move only +0 -$5.7M
BILL Trimmed -75K -$2.2M
OWLT Price move only +0 +$23K

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
RCAT Sept. 30, 2025 115,045 $837,528 -38.2%