Investments

Our Portfolio

A live view of our holdings, performance and recent activity.

Portfolio overview

Performance to 17 Sep 2026 · positions 25 Sep 2026
YTD return
+5.1%
S&P 500 TR +12.5%
Since 2019
+1,339%
+42.2% a year
+0%+100%+400%+900%2019202120232025Portfolio (TWR) — +1339% since inceptionVT — world — +157% since inceptionS&P 500 TR — +210% since inception+1339%Portfolio (TWR)+210%S&P 500 TR+157%VT — world
Portfolio (TWR)VT — worldS&P 500 TRindexed to 100 · log scale · monthly
Cash · margin used
−4.2%
Gross exposure
104.2%
Positions
40
Max drawdown
−56.8%

Top holdings

#TickerCompanyWeight P&L
1GOOGAlphabet Inc-Cl C11.6%+0.5%
2JET2lJet2 Plc11.2%+13.9%
3AMZNAmazon.Com Inc9.9%+15.0%
4PSHPershing Square Holdings Ltd8.4%−15.8%
5IBITIshares Bitcoin Trust Etf8.0%−17.6%
6MSFTMicrosoft Corp6.5%+25.0%
7METAMeta Platforms Inc-Class A5.6%+18.0%
8WSXWarsaw Stock Exchange5.5%+19.2%
9KHCKraft Heinz Co/The4.5%+3.3%
10BZHBeazer Homes Usa Inc2.4%+48.4%

By period

Period PortfolioS&P 500Excess
MTD−2.6%−0.5%−2.1pp
QTD+9.3%+2.1%+7.2pp
YTD+5.1%+12.5%−7.4pp
1Y+11.9%+19.7%−7.8pp
5Y+44.1%+12.5%+31.6pp
10Y———
Since Inception+42.2%+16.1%+26.1pp

By year

Year PortfolioS&P 500
2019*+10.5%+18.4%
2020+32.1%+18.4%
2021+156.9%+28.7%
2022+65.1%−18.1%
2023+62.6%+26.3%
2024+10.0%+25.0%
2025+23.5%+17.9%
2026*+5.1%+12.5%

* partial year. Returns are time-weighted, computed by Interactive Brokers.

All holdings

TickerCompanyClusterWeight P&L
GOOGAlphabet Inc-Cl CTelecomm11.6%+0.5%
JET2lJet2 PlcIndustrials11.2%+13.9%
AMZNAmazon.Com IncConsumer Cyclicals9.9%+15.0%
PSHPershing Square Holdings LtdBroad8.4%−15.8%
IBITIshares Bitcoin Trust EtfBroad8.0%−17.6%
MSFTMicrosoft CorpTechnology6.5%+25.0%
METAMeta Platforms Inc-Class ATelecomm5.6%+18.0%
WSXWarsaw Stock ExchangeFinancials5.5%+19.2%
KHCKraft Heinz Co/TheConsumer Non-Cyc4.5%+3.3%
BZHBeazer Homes Usa IncConsumer Cyclicals2.4%+48.4%
LGIHLgi Homes IncConsumer Cyclicals1.9%+14.7%
CRSTlCrest Nicholson HoldingsConsumer Cyclicals1.4%−29.3%
SPCXSpace Exploration Techn-Cl ATechnology1.4%+34.8%
PYPLPaypal Holdings IncFinancials1.3%+35.5%
BAYNBayer Ag-RegHealthcare1.2%+25.0%
011760.KSHyundai CorpIndustrials1.0%+12.1%
IONQIonq IncTechnology1.0%+17.8%
CRSPCrispr Therapeutics AgHealthcare1.0%+23.6%
TMDXTransmedics Group IncHealthcare0.9%+13.6%
ADBEAdobe IncTechnology0.9%−6.4%
DAVEDave IncTechnology0.9%−3.8%
INSInstone Real Estate Group SeReal Estate0.9%−11.8%
HOODRobinhood Markets Inc - ATechnology0.9%+54.4%
KSPIJsc Kaspi.Kz AdrTechnology0.9%+7.0%
RDDTReddit Inc-Cl ATechnology0.9%+17.8%
HSAIHesai GroupTechnology0.8%−0.3%
CELHCelsius Holdings IncConsumer Non-Cyc0.8%−3.4%
VTYlVistry Group PlcConsumer Cyclicals0.7%−18.7%
9880Ubtech Robotics Corp Ltd-HTechnology0.7%−46.2%
PONYPony Ai IncTechnology0.7%−41.4%
UBERUber Technologies IncTechnology0.7%−22.6%
PLPlanet Labs PbcIndustrials0.7%−17.2%
BABAAlibaba Group Holding-Sp AdrTechnology0.6%−36.4%
RKLBRocket Lab CorpIndustrials0.6%−26.5%
HIMSHims & Hers Health IncHealthcare0.6%−36.7%
NFLXNetflix IncTelecomm0.5%−33.2%
PINSPinterest Inc- Class ATechnology0.4%−47.5%
1810Xiaomi Corp-Class BTechnology0.4%−46.2%
GEMIGemini Space Station Inc-ATechnology0.4%−56.7%
FWDIForward Industries IncFinancials0.2%−79.5%