Portfolio Review | April 2026 (+64%, +128% YTD)
Pop some champagne
Part of this performance was absolutely due to the fact that I was degen all-in semis during the greatest semis bull run in history.
Still, I outperformed the index by over 2x this month with no(ish) leverage and over 3x YTD. A whole bunch of theses that I’ve heavily written about all started playing out at once. I am on massive hot streak of being right. Though I am bound to be disastrously wrong at some point due to probability.
My portfolio is going to get more and more unhinged as time passes, as I’m willing to risk losing a shit ton of money in exchange for an asymmetric pay-off in the event of the singularity.
Today we go into:
The ten positions remaining in my portfolio and updates to my theses for them
Which ones have gotten stronger and weaker?
Which ones I’ve added to or reduced
The two that I’m pondering an exit on and the one whose thesis died
The four that I’ve exited since March
Some hidden alpha on my positions not discussed in my other write-ups
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