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Portfolio
May 10, 2026 — 49 positions tracked
1
High Conviction
Highest confidence positions
9
Recommend
Solid thesis, strong signal
39
Monitoring
Watching for confirmation
52
Watchlist
On radar, not yet researched
High Conviction
MP
Rare Earths
7
/ 10
High Conviction
Fund
7
Val
7
Macro
7
Dur
7
MP Materials is the only scaled US rare earth miner-to-magnet vertical integrator, with DoD backing and a Pentagon equity stake. As Phase 3 demand from robotics, EVs, and defense/AI hardware accelerates, MP is the default Western supply answer. Premium valuation already reflects strategic scarcity.
Recommend
LITE
Photonics / Optics
8
/ 10
Recommend
Fund
8
Val
8
Macro
8
Dur
8
90% revenue growth signals Lumentum is in the early innings of its AI transceiver ramp, not the late innings. Unlike pure semis that have already moved, datacom optics is re-rating now as hyperscaler orders accelerate into 2026. This is one of the few Phase 1-adjacent names with a credible second le
MSFT
Technology
8
/ 10
Recommend
Fund
10
Val
5
Macro
9
Dur
9
# Microsoft Corporation (MSFT) — Equity Research Analysis **Analyst Date of Review:** Current cycle | **Price:** $424.62 | **Market Cap:** $3.16T --- ## 1. THESIS SUMMARY Microsoft is a diversified software and cloud infrastructure platform operating across three segments: Productivity & Busines
AVAV
Space / Defense / Drones
7
/ 10
Recommend
Fund
7
Val
7
Macro
7
Dur
7
AeroVironment is the cleanest public play on tactical drones and loitering munitions, with the BlueHalo acquisition expanding into directed energy and space. 143% revenue growth reflects the structural shift in modern warfare toward AI-enabled autonomous systems.
RKLB
Space / Defense / Drones
7
/ 10
Recommend
Fund
7
Val
7
Macro
7
Dur
7
Rocket Lab is the most diversified pure-play space name with launch, components, and Neutron optionality, positioning it as core infrastructure for the defense/space leg of the supercycle. At $61B cap with 64% growth, it's no longer cheap but remains the highest-quality vehicle in the category.
GLW
Photonics / Optics
7
/ 10
Recommend
Fund
7
Val
7
Macro
7
Dur
7
Corning's optical fiber business is seeing a true AI-driven inflection as hyperscalers build campus-scale data centers requiring massive fiber deployments. Unlike transceiver names that already ran, Corning's stock has lagged and the fiber cycle is just starting — this is one of the cleaner Phase 2
AMD
Semiconductors
7
/ 10
Recommend
Fund
7
Val
7
Macro
7
Dur
7
AMD is the cleanest Phase 1 second-leg story: MI300/MI350 ramp gives hyperscalers a needed NVDA alternative, and 38% revenue growth understates the AI mix shift underway. Lower margins than NVDA but meaningful re-rating potential if MI execution holds.
ANET
Technology
7
/ 10
Recommend
Fund
9
Val
6
Macro
8
Dur
7
# Arista Networks (ANET) — Updated Equity Research Analysis **Update note (vs. prior thesis dated 2026-05-07):** Since my last note (conviction 7/10, "monitoring"), the stock has dropped ~17.9% in one week despite incremental positive datapoints — Piper Sandler raised PT to $181 (2026-05-09) and Mo
MELI
Consumer Cyclical
7
/ 10
Recommend
Fund
8
Val
5
Macro
8
Dur
8
# Equity Research: MercadoLibre, Inc. (NASDAQ: MELI) **Analyst Note:** No prior thesis exists in the database for MELI. This is an initiation of coverage. All data points cited are sourced from the inputs provided (yfinance, SEC EDGAR, NewsAPI). I have cross-validated the headline claims against th
FCX
Rare Earths
6
/ 10
Recommend
Fund
6
Val
6
Macro
6
Dur
6
Freeport is less rare earth and more the copper play on AI power/grid buildout, which arguably belongs in Phase 2. Copper deficits from data center electrification and grid modernization make this the highest-quality, lowest-risk name in this group. Not speculative.
Monitoring
NVDA
Semiconductors
8
/ 10
Monitoring
Fund
8
Val
8
Macro
8
Dur
8
NVDA is the rare Phase 1 name with a credible second leg because its GPUs are the foundational compute layer of Phase 2 data center buildouts. 73% revenue growth at $5T+ market cap is extraordinary, but the law of large numbers and customer concentration risk (hyperscaler capex) cap further multiple
KTOS
Space / Defense / Drones
7
/ 10
Monitoring
Fund
7
Val
7
Macro
7
Dur
7
Kratos is a credible play on unmanned aerial systems, hypersonics, and defense AI integration with real DoD contracts and a sane valuation. Slower top-line growth is offset by improving program awards and a clearer path to operating leverage.
COHR
Photonics / Optics
7
/ 10
Monitoring
Fund
7
Val
7
Macro
7
Dur
7
Coherent has the best vertically integrated laser/InP position for AI optics, and 20% growth with margin expansion suggests the AI mix is finally overtaking legacy industrial weakness. It's already moved, but the datacom segment alone could justify a re-rating as it becomes the majority of revenue.
AVGO
Technology
7
/ 10
Monitoring
Fund
9
Val
4
Macro
9
Dur
7
# AVGO (Broadcom Inc.) — Updated Equity Research Analysis **Update Note:** Prior thesis (2026-05-07) was initiated at "monitoring / 7-conviction." One day later, no fundamental data has materially changed. The only new inputs are: (1) VCF 9.1 product launch (incremental, not transformative), (2) se
PDD
Consumer Cyclical
7
/ 10
Monitoring
Fund
7
Val
9
Macro
6
Dur
5
# PDD Holdings (NASDAQ: PDD) — Equity Research Update **Update note:** Prior thesis (2026-05-07) initiated coverage at "monitoring / 6 conviction." This update reflects a re-examination of the same data snapshot with closer scrutiny of valuation extremes, the absent SEC filings, and the absent news
APPF
Technology
7
/ 10
Monitoring
Fund
8
Val
6
Macro
7
Dur
7
# Equity Research Analysis: AppFolio, Inc. (NASDAQ: APPF) **Analyst:** Senior Equity Research | **Date of Analysis:** Current **Prior Thesis on File:** None — initiating coverage --- ## 1. THESIS SUMMARY AppFolio is a vertical SaaS company providing cloud-based property management software prima
FSLR
Technology
7
/ 10
Monitoring
Fund
8
Val
8
Macro
7
Dur
5
# Equity Research: First Solar, Inc. (NASDAQ: FSLR) **Analyst:** Senior Equity Research | **Date:** Q2 2026 | **Price:** $211.71 | **Mkt Cap:** $22.7B --- ## 1. THESIS SUMMARY First Solar is the largest U.S.-headquartered solar module manufacturer and the global leader in **cadmium telluride (Cd
BRK-B
Financial Services
7
/ 10
Monitoring
Fund
9
Val
6
Macro
6
Dur
8
# Equity Research Analysis: Berkshire Hathaway Inc. (BRK-B) **Analyst Note:** No prior thesis on BRK-B exists in our database. This is the inaugural analysis. Several data points in the input require flagging: P/B of 0.00094 is clearly a data error (actual P/B is ~1.5x based on ~$650B equity vs $1.
ADBE
Technology
7
/ 10
Monitoring
Fund
9
Val
9
Macro
5
Dur
6
# Adobe Inc. (ADBE) — Equity Research Analysis **Analyst:** Senior Equity Research | **Date:** 2026-04-24 | **Price:** $245.44 | **Mkt Cap:** $99.2B --- ## 1. THESIS SUMMARY Adobe is the global standard-bearer in creative and document software, operating two flagship franchises: **Digital Media*
KNSL
Financial Services
7
/ 10
Monitoring
Fund
9
Val
7
Macro
7
Dur
7
# Kinsale Capital Group (KNSL) — Equity Research Analysis **Date of Analysis:** Current | **Price:** $345.08 | **Market Cap:** $8.0B **Prior Thesis on File:** None — this is an initiating analysis. --- ## 1. THESIS SUMMARY Kinsale Capital Group is a pure-play **excess and surplus (E&S) lines** s
LLY
Healthcare
7
/ 10
Monitoring
Fund
9
Val
5
Macro
9
Dur
7
# Eli Lilly and Company (LLY) — Equity Research Analysis **Analyst Note:** No prior thesis on file for LLY. This represents an initial coverage analysis. All data sourced from yfinance/SEC EDGAR as provided; cross-referenced where possible. --- ## 1. THESIS SUMMARY Eli Lilly is a globally divers
AFRM
Financial Services
6
/ 10
Monitoring
Fund
6
Val
6
Macro
6
Dur
5
# AFRM (Affirm Holdings, Inc.) — Equity Research Analysis **Analyst Note:** No prior thesis exists in our database for AFRM. This is an initiation of coverage. All fundamental data is sourced from yfinance/SEC EDGAR as provided; I will flag where I cannot independently verify claims. --- ## 1. TH
FTNT
Technology
6
/ 10
Monitoring
Fund
9
Val
4
Macro
8
Dur
7
# FTNT (Fortinet, Inc.) — Equity Research Update **Prior thesis check:** Prior thesis dated 2026-05-10 had FTNT at **monitoring, conviction 6/10**, citing the ASIC/FortiOS moat but flagging valuation and growth deceleration concerns. **Material change since:** Q1 2026 earnings (released 2026-05-07)
SYM
Robotics / Autonomy
6
/ 10
Monitoring
Fund
6
Val
6
Macro
6
Dur
6
Symbotic is one of the few robotics names with real, scaled deployments (Walmart backlog) and 23% revenue growth. The 20% gross margin reflects hardware-heavy economics, but it's a credible Phase 3 name already executing — not just a story stock.
TSLA
Robotics / Autonomy
6
/ 10
Monitoring
Fund
6
Val
6
Macro
6
Dur
6
TSLA is the most credible large-cap robotics/autonomy play given Optimus, Dojo, and FSD, but valuation already prices in significant AI optionality. The auto business is decelerating (16% rev growth, 19% gross margin is weak), so the thesis depends entirely on robotics/autonomy execution over the ne
ASTS
Space / Defense / Drones
6
/ 10
Monitoring
Fund
6
Val
6
Macro
6
Dur
6
Direct-to-cell satellite network is a credible long-duration AI/connectivity infrastructure story tying into defense and global data backhaul. However, $29B market cap on nascent revenue means the easy money has been made and the stock now requires flawless constellation deployment.
UUUU
Rare Earths
6
/ 10
Monitoring
Fund
6
Val
6
Macro
6
Dur
6
Energy Fuels straddles two supercycle themes: uranium for AI data center nuclear power and rare earth processing at White Mesa. The dual exposure provides more near-term cash flow optionality than pure rare earth juniors. Still speculative but with multiple shots on goal.
CIEN
Photonics / Optics
6
/ 10
Monitoring
Fund
6
Val
6
Macro
6
Dur
6
Ciena is shifting from telecom-heavy to a meaningful DCI/hyperscaler mix, and 33% growth confirms the inflection is underway. The stock has already moved meaningfully, so risk/reward is less compelling than 6 months ago, but the WaveLogic 6 cycle and pluggable coherent optics still have runway.
MU
Memory & Storage
6
/ 10
Monitoring
Fund
6
Val
6
Macro
6
Dur
6
MU is the cleanest memory play on AI via HBM3E/HBM4 share gains with NVDA/AMD accelerators. However, at $842B market cap with 196% revenue growth already in the tape, much of the AI premium is priced in. Cyclical DRAM/NAND exposure remains the swing factor — second leg depends on HBM pricing discipl
MRVL
Technology
6
/ 10
Monitoring
Fund
8
Val
3
Macro
9
Dur
7
# Marvell Technology, Inc. (NASDAQ: MRVL) — Equity Research Note **Analyst:** Senior Equity Research, Stock Recommendation App **Date of Note:** Current Session **Prior Thesis:** None on file — this is an initiation of coverage. --- ## 1. THESIS SUMMARY Marvell Technology designs data infrastruc
CEG
Utilities
6
/ 10
Monitoring
Fund
7
Val
3
Macro
9
Dur
7
# Equity Research Update: Constellation Energy Corporation (CEG) **Analyst Note:** This is an UPDATE to my prior thesis dated 2026-04-26 (abandoned, conviction 6/10). Since that abandonment, the stock has appreciated ~6% over the past month, three new 8-Ks have been filed, and news flow continues t
GEV
Industrials
6
/ 10
Monitoring
Fund
8
Val
3
Macro
9
Dur
8
# Equity Research Update: GE Vernova Inc. (GEV) **Analyst:** Senior Equity Research | **Date:** Q2 2026 **Prior Thesis on File:** 2026-05-07 — Monitoring, Conviction 6/10 **Update Trigger:** Routine review; price action and valuation re-examination --- ## WHAT'S CHANGED SINCE LAST THESIS The fun
ETN
Industrials
6
/ 10
Monitoring
Fund
8
Val
4
Macro
8
Dur
7
# Eaton Corporation plc (NYSE: ETN) — Updated Equity Research Analysis **Update Note:** Prior thesis (2026-05-07) initiated coverage at "monitoring" with 6/10 conviction. One week has elapsed. Material changes to evaluate: (1) ~4.7% price decline over the past week (source: yfinance), (2) Cramer "b
VRT
Industrials
6
/ 10
Monitoring
Fund
9
Val
3
Macro
9
Dur
7
# Equity Research Analysis: Vertiv Holdings Co (VRT) — Thesis Update **Update vs. Prior Thesis (2026-05-07):** Prior status was *monitoring* at 6/10 conviction on the basis of strong AI-infrastructure tailwinds offset by extended valuation. Since then: (1) price has advanced ~15% in one month and i
PGNY
Healthcare
6
/ 10
Monitoring
Fund
7
Val
5
Macro
7
Dur
6
# Equity Research Update: Progyny, Inc. (PGNY) **Analyst Note:** This is an UPDATE to my 2026-05-09 initial coverage thesis (status: monitoring, conviction 6/10). The key catalyst since prior coverage is the Q1 2026 earnings release (8-K filed 2026-05-07) and a substantial price move (+25.4% 1W, +4
ESTC
Technology
6
/ 10
Monitoring
Fund
6
Val
7
Macro
7
Dur
5
# Equity Research Note: Elastic N.V. (NYSE: ESTC) **Analyst:** Senior Equity Research | **Date of Note:** Current Period | **Price:** $52.25 | **Mkt Cap:** $5.4B *Note: No prior thesis exists in the database for ESTC. This is an initiation-level review.* --- ## 1. THESIS SUMMARY Elastic N.V. is
CARR
Industrials
6
/ 10
Monitoring
Fund
6
Val
5
Macro
7
Dur
7
# Equity Research Update: Carrier Global Corporation (NYSE: CARR) **Update Note:** Updating prior thesis dated 2026-05-08 (status: monitoring, conviction 6/10). No material change in fundamentals or news flow since prior review — only minor price action (-0.24% 1W) and a routine investor conference
CSCO
Technology
6
/ 10
Monitoring
Fund
8
Val
5
Macro
7
Dur
7
# Equity Research Analysis: Cisco Systems, Inc. (CSCO) **Analyst:** Senior Equity Research, Stock Recommendation App **Date of Analysis:** Current **Prior Thesis on File:** None — initiating coverage --- ## 1. THESIS SUMMARY Cisco Systems is the global incumbent in enterprise networking infrastr
SOFI
Financial Services
6
/ 10
Monitoring
Fund
6
Val
5
Macro
6
Dur
6
# Equity Research Analysis: SoFi Technologies, Inc. (NASDAQ: SOFI) **Analyst Note:** No prior thesis on SOFI exists in our database. This is an initiation analysis. Per protocol, I am cross-checking analyst consensus ("hold," $21.25 PT) against primary data rather than treating it as conclusion. -
COIN
Financial Services
6
/ 10
Monitoring
Fund
6
Val
4
Macro
7
Dur
6
# Equity Research Analysis: Coinbase Global, Inc. (COIN) **Analyst:** Senior Equity Research | **Date of Analysis:** May 2026 **Current Price:** $197.96 | **Market Cap:** $52.3B **Prior Thesis on File:** None — this is an initial coverage note. --- ## 1. THESIS SUMMARY Coinbase Global is the lea
GTLB
Technology
6
/ 10
Monitoring
Fund
7
Val
6
Macro
7
Dur
6
# GTLB (GitLab Inc.) — Equity Research Analysis **Analyst Note:** No prior thesis exists in the database for GTLB. This is an initial analysis. News feed returned empty, which is a data gap I'm explicitly flagging — I would normally cross-check against recent earnings calls, competitive announcemen
PAYC
Technology
6
/ 10
Monitoring
Fund
8
Val
8
Macro
6
Dur
6
# PAYC (Paycom Software, Inc.) — Equity Research Analysis **Analyst Note:** No prior thesis on PAYC exists in our database. This is an initiation analysis. All fundamental data sourced from yfinance/SEC EDGAR snapshot provided; price action from yfinance. --- ## 1. THESIS SUMMARY Paycom Software
HUBS
Technology
6
/ 10
Monitoring
Fund
7
Val
5
Macro
5
Dur
5
# Equity Research Analysis: HubSpot, Inc. (NASDAQ: HUBS) **Analyst:** Senior Equity Research, Stock Recommendation App **Date of Analysis:** Current **Prior Thesis on File:** None — this is an initiation note. --- ## 1. THESIS SUMMARY HubSpot operates a cloud-based CRM platform purpose-built for
XOM
Energy
6
/ 10
Monitoring
Fund
7
Val
5
Macro
6
Dur
5
# Equity Research Analysis: Exxon Mobil Corporation (XOM) **Analyst Note:** No prior thesis on file for XOM. This is an initial coverage report. All fundamental data sourced from yfinance/SEC EDGAR as provided; price action and news from yfinance/NewsAPI as provided. --- ## 1. THESIS SUMMARY Exx
ZS
Technology
6
/ 10
Monitoring
Fund
7
Val
6
Macro
8
Dur
6
# Equity Research Analysis: Zscaler, Inc. (NASDAQ: ZS) **Analyst:** Senior Equity Research | Stock Recommendation App **Date of Analysis:** Current **Prior Thesis on File:** None — initiating coverage --- ## 1. THESIS SUMMARY Zscaler is a pure-play cloud-native cybersecurity vendor and the de fa
OKE
Energy
6
/ 10
Monitoring
Fund
7
Val
6
Macro
7
Dur
6
# ONEOK, Inc. (NYSE: OKE) — Equity Research Analysis **Analyst:** Senior Equity Research | **Date of Analysis:** May 2026 **Prior Thesis on File:** None — initiating coverage --- ## 1. THESIS SUMMARY ONEOK is one of the largest diversified midstream energy infrastructure companies in the United
MKTX
Financial Services
6
/ 10
Monitoring
Fund
8
Val
7
Macro
6
Dur
5
# Equity Research Report: MarketAxess Holdings Inc. (MKTX) **Analyst:** Senior Equity Research | Stock Recommendation App **Date of Analysis:** Current **Prior Thesis Check:** No prior thesis on MKTX in database — this is an initial coverage report. --- ## 1. THESIS SUMMARY MarketAxess Holdings
ALRM
Technology
6
/ 10
Monitoring
Fund
7
Val
7
Macro
5
Dur
6
# Equity Research Analysis: Alarm.com Holdings, Inc. (ALRM) **Analyst Date:** Current | **Price:** $44.41 | **Market Cap:** $2.2B --- ## 1. THESIS SUMMARY Alarm.com is a SaaS-enabled IoT platform powering connected property solutions — security, video monitoring, intelligent automation, and ener
CBOE
Financial Services
5
/ 10
Monitoring
Fund
8
Val
4
Macro
7
Dur
7
# Cboe Global Markets, Inc. (CBOE) — Updated Equity Research Analysis **Update Note:** Prior thesis dated 2026-05-10 had CBOE under "monitoring" status with 6/10 conviction. Since initiation, the stock has rallied to $348.56 (up ~2.85% on the week, +17.78% on the month, +53.59% over 1Y), now tradin
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