According to Eric Balchunas, the ARK Venture Fund (ARKVX) is up 55% over the past year and 137% since launch, making it one of the rare active funds outperforming QQQ; he adds the portfolio has direct exposure to major potential unicorn IPOs including OpenAI, SpaceX, Anthropic, xAI, and Neuralink (source: Eric Balchunas via X).