Portfolio - Core holdings
NVDA
- Arguably is the most compelling equity asset after BTC.
- While AI software has many players, NVDA dominates the infrastructure side of the AI revolution with a near-monopoly on GPUs.
- Its ecosystem (CUDA, AI frameworks, dev tooling) builds defensibility that rivals any tech company.
- Stargate + OpenAI contracts using up to 500,000 NVIDIA GB200 GPUs are expected to generate tens of billions in revenue for NVIDIA in the next 2-3 years.
- Meta’s Prometheus and Hyperion superclusters surpass Stargate in scale and confirm NVIDIA’s dominance in the AI infrastructure race. NVDA’s upward trajectory — previously tied to Stargate — now has a parallel growth accelerator in Meta.
- Meta’s superclusters are built around NVIDIA H100/GB200 GPUs, as confirmed by GPU cluster metrics, InfiniBand/Quantum2 networking, and heavy investment in NVIDIA’s ecosystem (e.g., DCGM, GPU telemetry). SemiAnalysis specifically notes a shift from being “GPU-poor” to GPU-filthy-rich via NVIDIA hardware
- NVDA is the toll collector on the AI highway — foundational, irreplaceable, and profitable.
- NVDA is not a trade—it’s an AI infrastructure utility now. With multiple multi-billion dollar commitments from hyperscalers, it’s positioned like the AWS of hardware. The prudent move is a staggered build-up with optional income layers.
COIN
- Coinbase is the most trusted and regulated crypto exchange in the U.S.
- As crypto trading rebounds and institutional demand for custody expands, COIN is uniquely positioned.
- Multiple revenue streams: retail, institutional trading, custody, staking, derivatives.
- Strategic regulatory compliance has made COIN the de facto JPMorgan of crypto.
- Recent earnings show 20%+ YoY revenue growth and increasing wallet adoption.
- Creator of BASE, a major layer 2 platform running on top of Ethereum.
- USDC, JPMD are on BASE. Visa, Mastercard, PayPal’s stablecoins are being integrated.
STRF
- MicroStrategy Preferred (STRF) offers a high-yield, low-volatility Bitcoin proxy.
- 10% fixed dividend yield backed by MSTR’s BTC reserves.
- STRF sits above common equity in capital structure, offering protection in volatile markets.
- Ideal for BTC-aligned investors seeking income and downside protection.
- Offers exposure to BTC upside with muted equity-style risk.
Anduril
- Anduril is the top-tier pre-IPO opportunity in defense tech. A potential unicorn.
- Aiming to become the next “prime” contractor, disrupting legacy players like Lockheed and Raytheon.
- Leads in autonomous systems, battlefield AI, and advanced drones.
- Backed by massive VC interest and growing government contracts.
- As geopolitical tensions rise, Anduril is positioned to capture next-gen defense spending.
- Connected to the highest-level of political power. This map tells the whole story.
MSTR with Options strategy
- Strategy is the world’s largest public BTC holder and the most efficient BTC reserve proxy.
- As of July 2025, MSTR holds ~597,325 BTC — over 2.8% of total BTC supply.
- Funded through equity and debt, its average BTC cost basis is ~$70,982.
- Equity-backed BTC accumulation strategy with no intent to sell.
- Using options (e.g., covered calls) on MSTR stock enhances yield and cash flow.
- High short interest creates convex upside: MSTR is the core leveraged BTC macro play.
VST
- Vistra Corp. is the best-positioned U.S. utility to profit from the AI power demand boom.
- Direct exposure to hyperscale datacenter builds (OpenAI, Oracle, Stargate) in Texas.
- Expanding rapidly into solar, battery storage, and nuclear to meet new energy loads.
- Operates in a deregulated power market (ERCOT), where it can capture premium pricing.
- Strong free cash flow, shareholder returns, and strategic grid positioning make VST foundational to the AI economy.
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