Portfolio

Portfolio framework

Current allocation model, market context, execution environment, and risk controls from the December 2025 structure paper.

Allocation

Working allocation model

Total positions 8-12

Target size 5-12%

Max size 15%

40% Healthcare

Largest proposed weight

Healthcare currently carries the largest proposed weight.

The December 2025 structure paper proposes a 35-40% Healthcare allocation, citing defensive characteristics, lower relative valuations, and recent earnings resilience.

35-40% working range Defensive tilt Valuation support

Sector allocation chart from original report — Allocation exhibit from the original report.

Illustrative slot map

10-position working view

Portfolio view

At 10 positions, the working 40/35/25 split maps to roughly four Healthcare, three TMT, and three FIG names. Average fully invested line weight sits at 10.0%, inside the stated 5-12% target band.

Average line 10.0%

Sector slots 4 / 3 / 3

Constraint read Inside target band

4 Healthcare 3 TMT 3 FIG

Market

Live market context

Five-day sector tape

Tracks SPY together with XLV, XLK, and XLF across the last five trading sessions, giving a short-term read on the market backdrop around the current sector mix.

Selected reference SPY

SPY stays in the comparison set as the broad-market anchor for judging relative sector movement.

Execution

Execution interface

IBKR Paper Trading

Account value and performance view

The value screen is where the fund can monitor market value, weekly movement, and overall account status while remaining in simulation mode.

Primary use Account value

Focus Portfolio status

Control Weekly monitoring

Risk

Risk controls

Position discipline

Target sizing is set at 5-12%, with a 15% ceiling for exceptional cases.

Sector review

Sector exposures are reviewed in aggregate rather than letting individual ideas accumulate unchecked.

Correlation awareness

The report explicitly identifies concentration and correlation as part of the decision process.

Execution trail

Simulation through IBKR makes it easier to review trades, orders, and account evolution.