#19 weekly recap
NO PAIN, NO GAIN.
Summary
Total 8 trades:
2 were closing trades from the prior weeks.
6 were new buys to start a new or add to an existing position.
Endowment’s weekly trading profit target reached by 9%, monthly-to-date by 122%. It was a passive week, all about waiting for the major event and small additions to existing positions.
As a paid subscriber, you will receive daily updates every morning on the stocks I’m buying, selling, or keeping a close eye on to start your trading day. During the day, we keep the paid subscriber-only chat active, sharing ideas and insights or discussing market events and various other investment-related topics.
Key Highlights
On Monday, there was a chance to make history and book record-high gains. If we just knew what would happen tomorrow.
On Monday, DXYZ 0.00%↑ , Endowment portfolio’s the largest active position, taking 13% allocation, reached a peak of $71+ on a very strong and aggressive buying into the close. All was set for continuation going forward.
But then Anthropic dropped a bomb, and the market panicked. I wrote a separate post explaining step-by-step what has happened. DXYZ 0.00%↑ erased a big chunk of accumulated gains and finally bottomed -30% below Monday’s peak.
Reflecting on the week, we can fall into several traps here. What if I have sold at a peak, then bought back at the bottom, then sold again $10 higher and bought back again? What if I have sold on Monday, and DXYZ 0.00%↑ jumped another $20-30 to $100? Both are different scenarios, and if you wish, you can always find a reason to blame yourself for taking or not taking the action.
Investing is not about blaming. It’s about discipline. One of the rules we follow is KNOWING WHAT YOU OWN. 4 weeks left until SpaceX’s record high IPO, with more and more updates expected going forward. Next week, SpaceX will open up its IPO prospectus, on June 11-12 IPO pricing to be announced. SpaceX takes 15% in Destiny’s portfolio as per the most recent Q1 update. The possibility for DXYZ 0.00%↑ to recover past Monday's highs and even to break the triple-digit barrier (here are the forecasts for 400+% gain over the next 30 days) is not to be rejected for at least several reasons:
(1) DXYZ 0.00%↑ is still a heavily shorted stock with a 21+% short float;
(2) new updates on portfolio companies’ fundraising rounds;
(3) further SpaceX updates;
(4) lastly, the FOMO effect.
Any memorable event should have some drama effect. We got it this week. In the end, everything will be fine and strong hands will be well rewarded. So holding my position tight and enjoying the ride.
Other worth mentioning trades
Several portfolio positions reported their Q1 numbers. The good news is we haven’t got any negative surprises. The results were as expected or even slightly better.
However, one stock deserves to be mentioned separately. We have had a small position in P3 Health Partners ( PIII 0.00%↑) since 2024. It was a risky turnaround story play, so for the reason a position was small and just passively held.
Until yesterday. On Thursday, after the market closed, the company published its Q1 results, surpassing EBITDA expectations and even raising its full-year 2026 outlook due to strong Q1 performance and ongoing momentum. In addition, the company has strengthened its financial position by converting $250 million of debt to preferred equity, enhancing long-term balance sheet flexibility.
That was way unexpected. Least to say. During the last week before earnings, PIII 0.00%↑ gradually climbed by 100% from $2 to $4, Thursday after hours added another 50%, while on Friday it got totally mad with mind blowing 200% raise. So in a week, PIII 0.00%↑ jumped from $2 to $14.
I closed half. Some at $12, some at $13+. The rest are still parked at Friday’s peak. Can it move even further? Sure, if momentum continues. The company does $1.5B in sales, with the market capitalisation still being below $100M. Turning profitable opens up completely different perspectives, with the huge possibility of being bought out and taken private while the valuation is still so cheap.
Every day, in the paid subscriber-only chat, we continue to update subscribers with any news regarding portfolio positions, buy/sell ideas or other major market events driving stock prices. This is the place where most of the action happens, and subscription value is being created. Stay tuned.
Portfolio (and trading platform) update.
Those updates DO NOT cover all portfolio positions, but only those with some news or events. For the full portfolio coverage and my watchlist, please refer to earlier posts (link underlined above).
DISCLAIMER
This post is intended for informational purposes only, to share my personal and/or M. Ciuzelis Charity Foundation’s Endowment Cap investment/trading experience. This is not an offer to buy, sell or make other decisions regarding any investments and financial instruments mentioned.
Investing in capital markets is associated with risks and opportunities. Past performance does not guarantee the corresponding investment return in the future. The market value of investments may increase or decrease, and investors may not always recover their invested capital. When investing in foreign markets, the foreign exchange rate may affect the performance.
The information provided is based on sources that we consider reliable. If the situation changes, we are not responsible for the relevance or accuracy of the information provided and do not assume any direct or indirect losses that may be incurred by the subscribers of this channel. We may hold, buy, sell, short, or cover any position mentioned at any time without prior notice to subscribers. We recommend that you always conduct your own due diligence or seek additional, detailed information before making any investment decision, and consult professional financial advisors.