Public Securities

We run a core-satellite barbell: a long-duration, high-ROIC core in quality growth franchises, plus macro and flow-aware satellites that use derivatives, factor rotation, and event-driven trades to drive uncorrelated alpha. We integrate Elliott/Fibonacci mapping, momentum and RSI-OBV divergences, sector rotation, and dealer-gamma/volatility metrics to calibrate entries, sizing, and hedges.

The core sleeve compounds in 20–25 high-conviction single names — businesses with durable competitive advantages, pricing power, and multi-year compounding runways. Macro satellites provide thematic exposure across commodities, emerging markets, and digital assets. Convexity longs target asymmetric payoffs in early-stage technology and structural shifts.

Explicit hedging is built into the architecture, not bolted on. SPY put-spreads and VIX calls cap left-tail risk, while funding shorts in high-yield credit and index futures neutralize the premium drag and keep net exposure disciplined. We are also long-term LPs with selected managers such as Edgewood, Portolan, and Harris Associates.