Three books. Every position auditable.
Capital is allocated across two operating companies and a private book. Each entity runs under its own mandate. Nothing is pooled, nothing is hidden.
Distinct mandates, separate ledgers
Company A
Company B
Private Portfolio
Publicly listed equities held under a long-duration, thesis-driven mandate. Entry rationale and current marks disclosed for every position.
A distinct operating entity with its own allocation scope. Mandate differs from Company A in sector focus and holding horizon.
Direct positions, funds, and alternative allocations held personally. Same thesis-level transparency standard as the two operating books.
Full position-level detail available.
Full position-level detail available.
Full position-level detail available.
Thesis type drives the split
The three-book structure reflects different conviction types — not a passive effort to spread capital. Each book was built around a specific thesis category and operates under rules set before any position was opened.