DeepCurrents Investment Group LLC
"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.
13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.
We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 26 quarters, returned +3.6% per quarter — versus +3.4% per quarter from simply owning every 13F stock. It beat that baseline in only 46.2% of quarters (excess t = -1.01, not statistically significant). Its filings tell you what it bought — not what you should buy.
Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)
Top 20 holdings of 99 · 2026 Q1
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| IDCC | $163M | | HOLD |
| RGEN | $92M | | ADD |
| NET | $83M | | ADD |
| ASND | $73M | | ADD |
| DKNG | $70M | | HOLD |
| WK | $66M | | HOLD |
| COIN | $58M | | ADD |
| MSTR | $55M | | ADD |
| TDOC | $53M | | HOLD |
| SNOW | $50M | | NEW |
| CNMD | $49M | | HOLD |
| MKSI | $45M | | NEW |
| SE | $42M | | HOLD |
| RIVN | $41M | | HOLD |
| ETSY | $40M | | HOLD |
| LRN | $40M | | HOLD |
| TMDX | $40M | | HOLD |
| IRTC | $38M | | ADD |
| LNTH | $37M | | HOLD |
| JOBY | $33M | | NEW |
QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.
New positions in 2026 Q1
Method & Limitations
Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.