Statistics
| Deposit | 270.0 [0.0] |
| Net | 650.4 [-14.5] |
| Gain | 380.4 [-14.5] |
| Cash | -327.1 [-8.1] |
| Long | 977.5 [-6.4] |
| TR% | 1M | 3M | 1Y | 3Y |
| SPY | -0.8 | +3.9 | +17.5 | +76.9 |
| QQQ | -0.5 | -0.2 | +23.0 | +92.9 |
| MXWO | -0.9 | +4.7 | +18.0 | +76.0 |
| IBKR | +4.0 | +17.2 | +41.6 | +173.8 |
Based on a net liquidation value of $650.4k.
Total adjusted leverage ratio is 1.55.
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Largest Positions
| T | Rank | Prev | Ticker | Company | USD | 1WΔ | % |
| ↔ | 1 | 1 | BMNR^ | BITMINE IMMERSION TECHNOLOGI | 64.1 | 0.1 | 9.9 |
| ↔ | 2 | 2 | 285A.T | KIOXIA HOLDINGS CORP | 35.2 | 0.3 | 5.4 |
| ↔ | 3 | 3 | RCP.L | RIT CAPITAL PARTNERS PLC | 20.7 | 0.3 | 3.2 |
| ↔ | 4 | 4 | PLTR | PALANTIR TECHNOLOGIES INC-A | 16.7 | -0.7 | 2.6 |
| ↔ | 5 | 5 | BST | BLACKROCK SCIENCE & TECH TR | 15.1 | -0.1 | 2.3 |
| ↔ | 6 | 6 | ASST | STRIVE INC-A | 12.4 | 0.2 | 1.9 |
| ↑ | 7 | 8 | IGV | ISHARES EXPANDED TECH-SOFTWA | 10.2 | -0.3 | 1.6 |
| ↑ | 8 | 9 | NVDA | NVIDIA CORP | 9.8 | -0.5 | 1.5 |
| ↓ | 9 | 7 | GLXY | GALAXY DIGITAL INC-A | 9.8 | -0.8 | 1.5 |
| ↑ | 10 | 11 | 5020.T | ENEOS HOLDINGS INC | 9.4 | 0.8 | 1.4 |
| ↓ | 11 | 10 | PGHN.SW | PARTNERS GROUP HOLDING AG | 8.7 | -0.5 | 1.3 |
| ↑ | 12 | 13 | 8601.T | DAIWA SECURITIES GROUP INC | 8.4 | 0.0 | 1.3 |
| ↑ | 13 | 17 | 3234.T | MORI HILLS REIT INVESTMENT C | 8.1 | 0.0 | 1.3 |
| ↑ | 14 | 16 | GOOGL | ALPHABET INC-CL A | 8.1 | 0.0 | 1.2 |
| ↑ | 15 | 18 | ARKK* | ARK INNOVATION ETF | 8.0 | 0.0 | 1.2 |
| ↑ | 15 | 18 | IBKR* | INTERACTIVE BROKERS GRO-CL A | 8.0 | 0.0 | 1.2 |
| ↓ | 17 | 12 | NOW | SERVICENOW INC | 8.0 | -0.5 | 1.2 |
| ↓ | 18 | 15 | MU | MICRON TECHNOLOGY INC | 7.8 | -0.3 | 1.2 |
| ↓ | 19 | 14 | BX | BLACKSTONE INC | 7.7 | -0.5 | 1.2 |
| ↔ | 20 | 20 | ADSK | AUTODESK INC | 7.6 | -0.2 | 1.2 |
Covered calls :
* Fully covered
^ Partially covered
Dropped out :
None.
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Actions
Entered :
| ENR.DE | SIEMENS ENERGY AG | Specialty Industrial Machinery | Industrials |
| FTAI | FTAI AVIATION LTD | Aerospace & Defense | Industrials |
| 7974.T | NINTENDO CO LTD | Electronic Gaming & Multimedia | Communication Services |
| 7751.T | CANON INC | Computer Hardware | Technology |
Increased :
| KTOS | KRATOS DEFENSE & SECURITY | Aerospace & Defense | Industrials |
Decreased :
None.
Exited :
| FICO | FAIR ISAAC CORP | Software – Application | Technology |
| AMD | ADVANCED MICRO DEVICES | Semiconductors | Technology |
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Notes
- Limited changes to portfolio for this week.
- Numana remains overweight crypto and IGV.
- Anthropic CEO Adrio Amodei published an essay titled “We Must Pace the Frontier,” saying that the pace at which AI model capabilities are being developed must be slowed down for safety issues. Musk, Altman, and Hassabis have also expressed similar opinions. This is interesting as this fervent pace of AI development may be the only path to funding the inexorbitant spending needs of hyperscalers.
- Brent edged past the $100/barrel mark as Iranian drones crippled Saudi Arabia’s east-west pipeline which had been carrying ~4% of the global oil supply.
- Bessent proclaimed that he is “the house” now, and welcomed bets against him. This was a strong signal that the US Treasury is prepared to go to war to prevent further devaluation of JPY. If the BOJ feels a need to protect JPY, it will be forced to unload US treasuries, which would be consequential to the long end of the US yield curve. Speculators flipped net long JPY for the first time since this February as the JPY is essentially tied to the USD. The US Treasury has fired initial shots with the US-Japan joint intervention in purchasing JPY.
- As for the US Treasury buying 10-20 year Treasuries, the market called Bessent’s house call and yields continued to climb. However, the commentary that the Treasury buybacks of up to $6B in Treasuries is too small to affect the $32T total Treasury market may be short-sighted. The liquid, active market usually determines the current pricing of Treasuries, and sovereign holders simply roll over the funds.
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Upcoming Earnings
9/14 (Mon) :
3234.T
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