Let's break it down.

Byteball - great investment
Golem - great investment

Cosmos - looks great, but not trading yet

Santiment - good investment, out-performed holding ETH or BTC if you factor in the extra SAN they got from investing in presale

Aragon - good investment, performed about the same as holding ETH and I think it will pump hard eventually
Bancor - good investment, performed about the same as holding ETH

Aeternity - Iconomi's invested ETH got stolen by the blackhat
Matchpool - down 67% ETH
WeTrust - down 62% ETH
Iexec - down 50% ETH

This is just a snapshot of the market today.  The last 4 haven't performed well, but maybe they will outperform ETH in the coming months.  They only account for less than 7% of the portfolio too.

Profitable "blue chip" picks that ICNP seems to have skipped:
- Basic Attention Token
- OmiseGo - was hard to get into this one
- Civic
- Status
- Tezos - not trading yet, but I bet it will outperform holding BTC or ETH
- Tenx
- EOS

Popular investments currently trading at an unrealized BTC or ETH loss that ICNP skipped:
Some of these are good investments, but investors were better off holding ETH or BTC and buying in secondary market.  Assuming there has been enough liquidity to enter a larger position without pushing price above ico
- Edgeless
- MobileGo
- Blockchain Capital
- TokenCard
- Mysterium
- Taas
- Monaco
- Melonport
- SONM
- Chronobank

I agree that the performance of ICNP has been very good.  Some of the picks will surely pump like Golem at some point and ICNP will realize a nice profit for buybacks.