Knox Ridley is the Portfolio Manager and Lead Technical Analyst at the I/O Fund, a technology-focused research firm and actively managed fund he co-leads with Beth Kindig. As of early 2026, Ridley’s portfolio performance has consistently ranked among the top tier of institutional tech funds and hedge funds due to a high concentration in AI and semiconductors.
Fund Performance Summary (as of May 2026)
The I/O Fund’s performance is notable for its significant outperformance of tech benchmarks like the Nasdaq-100 (QQQ).
Official Rankings
Based on audited and reported data for the period ending December 2025:
• Hedge Fund Ranking: The 37% total portfolio return in 2025 would have ranked Ridley as the 8th best-performing hedge fund manager in the United States for that year.
• Equity-Only Ranking: The fund’s 56% equity-only return (excluding crypto volatility) ranked as the 3rd highest recorded for any U.S. equity-only portfolio in 2025.
• Hedge Fund Tier: On a cumulative basis (326%), the fund ranks #1 compared to most active hedge funds and #3 compared to all technology ETFs and mutual funds since its inception.
Notable Wins and Strategy
Ridley is known for a "hybrid" approach, combining deep fundamental research (conducted by Beth Kindig) with his own technical analysis to time entries and exits. Key contributors to his 2025 performance included:
• Bloom Energy: A core position that returned 305% in 2025 after Ridley identified it as a beneficiary of the AI energy/power bottleneck.
• Astera Labs (ALAB): Delivered a 148% return through tactical layering using technical analysis.
• Bitcoin Strategy: Ridley accurately predicted a market top in late 2025, reducing the fund's allocation from 10% to 1% between April and December, locking in significant gains while others remained bullish.
Current Market Outlook (2026)
As of Q2 2026, Ridley has adopted a more cautious stance. He has flagged 2026 as a year of "Cycle Convergence" and high volatility, warning that a period of broad market corrective action began in the early weeks of the year. He currently utilizes a technical framework based on the 4-year and 60-year Gann cycles to manage risk and increase cash positions in anticipation of a potential "incredible buying opportunity" later in the year.
