1y return−31.5%S&P 500 +20.9%
3y return−22.7%S&P 500 +68.5%
5y return−43.8%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2020: $65 against $200 in the S&P 500.2
APEIRON CAPITAL LtdS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| MUUDirexion Daily Mu Bull 2x Et | $35.7M | 22.9% | New |
| On Holding Ag-class ACUSIP H5919C104 | $28.2M | 18.1% | −20.1% |
| ABVXAbivax Sa-adr | $17.4M | 11.2% | New |
| QFINQfin Holdings Inc-adr | $15.4M | 9.9% | −5.4% |
| SMMTSummit Therapeutics Inc | $14.0M | 9.0% | −26.5% |
| TSMTaiwan Semiconductor-sp Adr | $8.5M | 5.5% | +103.4% |
| WDCWestern Digital Corp | $8.3M | 5.3% | New |
| NKTRNektar Therapeutics | $7.4M | 4.8% | New |
| NOKNokia Corp-spon Adr | $5.0M | 3.2% | New |
| Seagate Technology HoldingsCUSIP G7997R103 | $4.8M | 3.1% | New |
| SNDKSandisk Corp | $3.6M | 2.3% | New |
| LITELumentum Holdings Inc | $3.0M | 1.9% | New |
| TCOMTrip.com Group Ltd-adr | $2.8M | 1.8% | |
| POETPoet Technologies Inc | $1.5M | 0.9% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| On Holding Ag-class ACUSIP H5919C104 | September 30, 2022 | +120.7% | $28.2M |
| TSMTaiwan Semiconductor-sp Adr | March 31, 2026 | +41.3% | $8.5M |
| TCOMTrip.com Group Ltd-adr | March 31, 2026 | −20.0% | $2.8M |
| SMMTSummit Therapeutics Inc | June 30, 2025 | −31.5% | $14.0M |
| QFINQfin Holdings Inc-adr | March 31, 2025 | −64.8% | $15.4M |
Sold off last quarter
- MUMicron Technology Inc was $7.4M
- UUnity Software Inc was $5.5M
- AMZNAmazon.com Inc was $5.1M
- KWEBKranesh Csi China Internet was $3.6M
- Ftai Aviation LtdCUSIP G3730V105 was $2.7M
- SNPSSynopsys Inc was $2.4M
- HOODRobinhood Markets Inc - A was $1.8M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +2.5% | +14.8% |
| March 31, 2026 | −16.0% | −4.6% |
| December 31, 2025 | −12.6% | +2.4% |
| September 30, 2025 | −9.0% | +7.8% |
| June 30, 2025 | +41.7% | +10.5% |
| March 31, 2025 | −25.9% | −4.6% |
| December 31, 2024 | +8.9% | +2.1% |
| September 30, 2024 | −7.2% | +5.4% |
| June 30, 2024 | −7.5% | +4.0% |
| March 31, 2024 | +17.2% | +10.0% |
| December 31, 2023 | +2.8% | +11.2% |
| September 30, 2023 | −4.6% | −3.6% |
| June 30, 2023 | −3.1% | +8.3% |
| March 31, 2023 | +38.6% | +7.0% |
| December 31, 2022 | −2.9% | +7.1% |
| September 30, 2022 | −8.1% | −5.3% |
| June 30, 2022 | −18.7% | −16.5% |
| March 31, 2022 | −15.4% | −4.9% |
| December 31, 2021 | −8.9% | +10.7% |
| September 30, 2021 | −3.2% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: APEIRON CAPITAL Ltd Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1843111&type=13F-HR&dateb=&owner=include&count=40CIK 1843111
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1843111/000184311126000004/Filed August 6, 2026 · accession 0001843111-26-000004