Stocks
Every position, newest first, with its entry marked on the chart. A call that went wrong stays here next to the ones that went right, and a thesis that stopped being true is marked as such rather than quietly removed.
10 calls10 open0 settled6 up, 4 down
Mean return is the arithmetic mean across all 10 calls, 6 up and 4 down, marked at the exit price where a call is closed and the last close where it is open. It is not a portfolio return, and nothing here is compounded.
What is running, and what has settled.
- NVDA18.8%+52.5%
- INTC14.3%-12.2%
- GOOGL8.6%+20.9%
- MSFT15.8%+21.4%
- PLTR9.4%+37.9%
- MU8.2%-9.0%
- AMD8.1%-2.7%
- ARM7.3%+36.8%
- SLDP1.5%-44.9%
- KO8.0%+8.9%
Sized by real position weight, as a percentage of the live portfolio. The percentages are the only thing published. The share counts and the amounts behind them never leave the private store.
Stock notes
Every note tagged with a ticker on this record, newest first. A note filed under a ticker also appears on that company’s own page, next to the position, so the thesis and the writing behind it stay in one place.
Every call on the record
Every card opens that company’s page: the same position, plus every note filed under it. The chart keeps its own hover, so reading a price off one does not count as clicking through.
SLDP
Solid PowerNASDAQ
- Entry
- JUN 8$4.28
- Last
- $2.36
Thesis
A small speculative position on sulphide solid-state electrolyte reaching a qualified cell line. This one is sized to be wrong: the thesis is a materials-science bet with a real chance of never converting.
INTC
IntelNASDAQ
- Entry
- MAY 18$111.54
- Last
- $97.91
Thesis
Everything outside the foundry is intact, and the client PC franchise still holds share. The position is on 14A reaching volume in 2028, which is the point at which the foundry stops being a cash drain and starts being an asset the market has to price.
ARM
Arm HoldingsNASDAQ
- Entry
- APR 13$198.64
- Last
- $271.72
Thesis
A royalty on instruction sets, collected regardless of which fab or which vendor wins. Custom silicon in the data centre widens the base it is collected from without Arm having to build anything.
AMD
Advanced Micro DevicesNASDAQ
- Entry
- MAR 9$492.51
- Last
- $479.29
Thesis
The second source every large buyer wants to exist, whether or not they buy much of it. That position has value even when the share numbers stay unimpressive, and the server CPU business is winning on its own merits.
MU
Micron TechnologyNASDAQ
- Entry
- FEB 9$964.01
- Last
- $876.84
Thesis
HBM capacity is contracted years out, which turns a historically cyclical memory business into something closer to a backlog business. The market still prices the old cycle.
PLTR
PalantirNASDAQ
- Entry
- JAN 12$129.24
- Last
- $178.27
Thesis
Deployment is the product. The technical work of getting a model to touch a real operational system is the part nobody wants to do, and government contracts renew on inertia.
KO
The Coca-Cola CompanyNYSE
- Entry
- DEC 8$79.88
- Last
- $86.97
Thesis
The ballast. Every other name on this record is a bet on the same build-out resolving the same way, and a book made entirely of correlated bets is one bet. This is the position that is not correlated with the rest.
MSFT
MicrosoftNASDAQ
- Entry
- NOV 10$421.74
- Last
- $511.93
Thesis
Enterprise software with a compute business attached, not the other way round. The seat count is what pays for the capital expenditure, and the seat count does not churn on a model release.
GOOGL
AlphabetNASDAQ
- Entry
- OCT 6$294.74
- Last
- $356.47
Thesis
The only company that owns the model, the silicon it trains on, and the distribution it ships through. Vertical integration compounds quietly, and the search franchise funds the whole thing while it does.
NVDA
NVIDIANASDAQ
- Entry
- SEP 15$144.64
- Last
- $220.57
Thesis
The accelerator socket is still the scarcest thing in the build-out, and the software moat around it is what keeps a hardware business priced like a platform. The position is on the socket, not on any one generation of part.
The prior record
UK account, Sep 2024 to Jun 2026: 179 purchases across 28 names, 29 of them down, +37.0% blended. It is kept separately because it was regular small buying rather than sized calls, so nothing in it carries a thesis and none of it belongs in the numbers above. It is published for the same reason the losing calls are.
Read the prior record