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$ Portfolio

Total return
+46.9% since Aug 21, 2024
Annualised
+21.5% time-weighted
vs FTSE All-World
+14.1 pp FTSE All-World +32.7%
Max drawdown
−30.1% Feb 2025 → Apr 2025
Volatility
22.0% annualised
Positions
6 2 closed · 7 decisions
Chart range

AS OF 2026-08-11

  • PORTFOLIO 146.9 +46.9%
  • FTSE ALL-WORLD 132.7 +32.7%
  • S&P 500 132.4 +32.4%
  • open
  • add
  • exit
  • several
Data table
Month-end index levels, rebased to 100 at inception.
Date PortfolioFTSE All-WorldS&P 500
100.0100.0100.0
101.3101.0100.8
104.9101.8101.6
105.0102.5103.6
114.2110.0113.1
119.4107.7111.9
122.4111.0114.8
123.1110.3113.2
106.5102.1102.6
103.097.796.7
104.5103.6103.1
107.1104.5104.5
110.5108.1109.5
113.1109.3109.7
117.6111.8112.5
129.1115.9117.0
126.9116.0117.2
121.0114.4115.1
118.7116.2115.1
118.8119.3115.2
118.1114.6112.1
125.9123.1121.8
140.8129.3128.8
138.4131.2130.0
144.4129.3129.0
146.9132.7132.4
Every decision marked on the chart.
Date Move Holdings Decision
OPEN NET, KO, IBM, CIBR.L, AAPL, 22UA.DE Opening NET, KO, IBM, CIBR.L, AAPL, 22UA.DE
ADD 22UA.DE Adding to 22UA.DE
EXIT IBM Exiting IBM
OPEN GOOG Opening GOOG
EXIT GOOG Exiting GOOG
OPEN SPGI Opening SPGI
ADD CIBR.L Adding to CIBR.L
Portfolio index rebased to 100 at 21 August 2024, ending at 146.9 (+46.9%) on 11 August 2026. FTSE All-World +32.7%, S&P 500 +32.4%. 7 decision markers link to the log entry that explains them.

Holdings

0.0% cash
  • 22UA.DE8.4%
  • AAPL38.4%
  • CIBR.L23.5%
  • KO6.1%
  • NET16.4%
  • SPGI7.2%
AAPL→Apple Inc.Weight38.4%Since open+29.7%vs bench−3.0 ppContribution+15.7 ppOpenedAug 21, 2024
CIBR.L→First Trust Cybersecurity UCITS ETFWeight23.5%Since open+62.6%vs bench+29.8 ppContribution+6.3 ppOpenedAug 21, 2024
NET→Cloudflare, Inc.Weight16.4%Since open+259.0%vs bench+226.2 ppContribution+21.0 ppOpenedAug 21, 2024
22UA.DE→BioNTechWeight8.4%Since open+0.4%vs bench−32.3 ppContribution−2.3 ppOpenedAug 21, 2024
SPGI→S&P Global Inc.Weight7.2%Since open−1.1%vs bench−1.2 ppContribution−0.1 ppOpenedAug 4, 2026
KO→The Coca-Cola CompanyWeight6.1%Since open+19.7%vs bench−13.0 ppContribution+1.7 ppOpenedAug 21, 2024

Decision log

Percentages are each position's share of the book, before → after.

ADDED

Adding to CIBR.L

  • CIBR.L 10.7 → 23.5%

We’re all fucked cyber-wise. ChatGPT is drive-by hacking websites to get people into fitness courses. Most companies in CIBR are glasswing partners and I think they’ll only get more business.

OPENED

Opening SPGI

  • SPGI 0 → 8.5%

Rebound Capital idea. They rate funds and took a hit recently.

EXITED

Exiting GOOG

  • GOOG 6.9 → 0%

They bumped nicely on earnings, and I’m too unsure about the company’s strategy to hold them at this valuation.

OPENED

Opening GOOG

  • GOOG 0 → 6.5%

Google search and the ad business is dying. They are changing bidding systems to squeeze the ad business while they can, which won’t be much longer. But: they have a strong AI foothold and investments in literally everything that could possibly disrupt them. Even if they fail miserably at their core business, I’d still like a piece of the Google equity.

EXITED

Exiting IBM

  • IBM 7.9 → 0%

IBM played out nicely with the Quantum hype and I might enter again later, but I find the overall package no longer that attractive.

ADDED

Adding to 22UA.DE

  • 22UA.DE 11.5 → 17.5%

Bio wildcard. They have a bunch of cash and mRNA experience from the COVID vaccines, maybe they’ll cook something up.

Closed positions

GOOG→Alphabet Inc.Held → 315 daysWhile held+35.6%Benchmark+15.6%Excess+20.0 ppSince exit+6.4%
IBM→International Business MachinesHeld → 222 daysWhile held+29.6%Benchmark+2.1%Excess+27.5 ppSince exit−10.1%
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