- Initiated
- Sep 11, 2025
- Exit / hold
- Jun 4, 2026
- Held
- 0.7 yrs · 266d
- Gross
- +189%
- Annualized
- +189%
- Alpha
- +31%
- Geography
- Korea · CCL, Energy, Robotics
Investor Materials
The ability to look where others can't look.
23 published theses across 7 countries, long and short, form the research history behind a book that holds 8–10 names at a time. Every entry, exit, holding period, and realised outcome is disclosed here, winners and losers alike. Held positions are marked to Oct 28, 2026.
The book at a glance
Every position, plotted by patience and outcome.
Long Short
6 positions await confirmed annualized returns.
Benchmark
27%
Unwavering research book
10%
S&P 500
Average annualized return vs. S&P 500, Jan 12, 2014 to Oct 28, 2026.
S&P 500: 251% total return over 4,672 days.
Tearsheet
The full record, sortable.
| 1 | DoosanCCL, Energy, Robotics | Long | Sep 11, 2025 | Jun 4, 2026 | 266 | +189% | +189% | +31% |
| 2 | TSMCTSMFoundry | Long | Nov 1, 2023 | Held · Oct 28, 2026 | 1,092 | +322% | +62% | +240% |
| 3 | BroadcomAVGOSemiconductor & B2B SaaS | Long | Apr 21, 2020 | Held · Oct 28, 2026 | 2,381 | +1402% | +51% | +1219% |
| 4 | Samsung ElectronicsMemory Semiconductor, Fab | Long | Dec 2, 2022 | Held · Oct 28, 2026 | 1,426 | +301% | +43% | +154% |
| 23 | HexagonSensor, Auto. Solution Provider | Long | Jan 23, 2020 | Jun 24, 2021 | 518 | +61% | +40% | +35% |
| 5 | Blue BuffaloBUFFPet Products | Long | Jun 28, 2016 | Feb 23, 2018 | 605 | +72% | +39% | +37% |
| 6 | KMWEquipment Manufacturing | Long | Apr 12, 2020 | Sep 2, 2020 | 143 | +37% | +37% | +10% |
| 7 | LINEMobile messenger, FinTech | Long | Sep 27, 2019 | Dec 24, 2020 | 454 | +41% | +32% | +19% |
| 8 | J.C. PenneyJCPApparel Retailer | Short | Jun 28, 2016 | Apr 12, 2019 | 1,018 | +86% | +25% | +43% |
| 9 | AlphabetGOOGLSearch Engine, Ads | Long | Jan 12, 2014 | Held · Oct 28, 2026 | 4,672 | +1035% | +21% | +714% |
| 10 | MastercardMAPayment Service | Long | Jun 28, 2016 | Held · Oct 28, 2026 | 3,774 | +575% | +20% | +295% |
| 11 | CostcoCOSTWholesale Retailer | Long | Oct 31, 2019 | Held · Oct 28, 2026 | 2,554 | +231% | +19% | +76% |
| 18 | NaverSearch, E-Commerce | Long | Sep 27, 2019 | Held · Oct 28, 2026 | 2,588 | +18% | +2% | −175% |
| 22 | Formula 1FWONKMotorsport | Short | Aug 11, 2020 | Nov 18, 2020 | 99 | −11% | −11% | −14% |
| 19 | Five BelowFIVEDiscount Retailer | Short | Aug 16, 2021 | Nov 18, 2022 | 94 | −12% | −12% | −4% |
| 20 | NelnetNNIStudent Loan Servicer | Short | Sep 21, 2022 | Dec 9, 2022 | 79 | −15% | −15% | −19% |
| 21 | AppleAAPLConsumer Hardware, Services | Short | Feb 18, 2020 | Jul 27, 2020 | 160 | −19% | −19% | −15% |
| 12 | DaVitaDVADialysis Service Provider | Long | Oct 17, 2019 | Held · Oct 28, 2026 | 2,568 | +218% | Pending | Pending |
| 13 | NokiaNOKSystem Integrator | Long | Dec 3, 2020 | Mar 3, 2022 | 455 | +23% | Pending | Pending |
| 14 | Live NationLYVLive Entertainment, Ticketing | Long | Feb 16, 2021 | Feb 18, 2024 | 1,097 | +53% | Pending | Pending |
| 15 | CopartCPRTSalvage Vehicle E-Commerce | Long | Jan 13, 2020 | Oct 4, 2024 | 1,726 | +95% | Pending | Pending |
| 16 | MicrosoftMSFTCloud, Game, SaaS | Long | Jun 2, 2022 | Held · Oct 28, 2026 | 1,609 | +98% | Pending | Pending |
| 17 | LamarLAMROutdoor Ads (Billboard) | Long | Dec 26, 2020 | Apr 5, 2024 | 1,196 | +41% | Pending | Pending |
| Reported averages | 4.4 yrs | +210% | +27% | +121% |
18 longs / 5 shorts. Pending figures await the complete revised record. Five Below’s supplied entry date and 94-day holding period do not reconcile.
Alpha ranking
Where the excess return came from.
- Broadcom+1219%
- Alphabet+714%
- Mastercard+295%
- TSMC+240%
- Samsung Electronics+154%
- Costco+76%
- J.C. PenneyS+43%
- Blue Buffalo+37%
- Hexagon+35%
- Doosan+31%
- LINE+19%
- KMW+10%
- Five BelowS−4%
- Formula 1S−14%
- AppleS−15%
- NelnetS−19%
- Naver−175%
Alpha pending: DaVita, Nokia, Live Nation, Copart, Microsoft, Lamar.
Research index
The memos behind each position.
- Initiated
- Nov 1, 2023
- Exit / hold
- Held · Oct 28, 2026
- Held
- 3.0 yrs · 1,092d
- Gross
- +322%
- Annualized
- +62%
- Alpha
- +240%
- Geography
- Taiwan · Foundry
- Initiated
- Apr 21, 2020
- Exit / hold
- Held · Oct 28, 2026
- Held
- 6.5 yrs · 2,381d
- Gross
- +1402%
- Annualized
- +51%
- Alpha
- +1219%
- Geography
- U.S. · Semiconductor & B2B SaaS
- Initiated
- Dec 2, 2022
- Exit / hold
- Held · Oct 28, 2026
- Held
- 3.9 yrs · 1,426d
- Gross
- +301%
- Annualized
- +43%
- Alpha
- +154%
- Geography
- Korea · Memory Semiconductor, Fab
- Initiated
- Jun 28, 2016
- Exit / hold
- Feb 23, 2018
- Held
- 1.7 yrs · 605d
- Gross
- +72%
- Annualized
- +39%
- Alpha
- +37%
- Geography
- U.S. · Pet Products
- Initiated
- Apr 12, 2020
- Exit / hold
- Sep 2, 2020
- Held
- 0.4 yrs · 143d
- Gross
- +37%
- Annualized
- +37%
- Alpha
- +10%
- Geography
- Korea · Equipment Manufacturing
- Initiated
- Sep 27, 2019
- Exit / hold
- Dec 24, 2020
- Held
- 1.2 yrs · 454d
- Gross
- +41%
- Annualized
- +32%
- Alpha
- +19%
- Geography
- Japan · Mobile messenger, FinTech
- Initiated
- Jun 28, 2016
- Exit / hold
- Apr 12, 2019
- Held
- 2.8 yrs · 1,018d
- Gross
- +86%
- Annualized
- +25%
- Alpha
- +43%
- Geography
- U.S. · Apparel Retailer
- Initiated
- Jan 12, 2014
- Exit / hold
- Held · Oct 28, 2026
- Held
- 12.8 yrs · 4,672d
- Gross
- +1035%
- Annualized
- +21%
- Alpha
- +714%
- Geography
- U.S. · Search Engine, Ads
- Initiated
- Jun 28, 2016
- Exit / hold
- Held · Oct 28, 2026
- Held
- 10.3 yrs · 3,774d
- Gross
- +575%
- Annualized
- +20%
- Alpha
- +295%
- Geography
- U.S. · Payment Service
- Initiated
- Oct 31, 2019
- Exit / hold
- Held · Oct 28, 2026
- Held
- 7.0 yrs · 2,554d
- Gross
- +231%
- Annualized
- +19%
- Alpha
- +76%
- Geography
- U.S. · Wholesale Retailer
- Initiated
- Oct 17, 2019
- Exit / hold
- Held · Oct 28, 2026
- Held
- 7.0 yrs · 2,568d
- Gross
- +218%
- Annualized
- Pending
- Alpha
- Pending
- Geography
- U.S. · Dialysis Service Provider
- Initiated
- Dec 3, 2020
- Exit / hold
- Mar 3, 2022
- Held
- 1.2 yrs · 455d
- Gross
- +23%
- Annualized
- Pending
- Alpha
- Pending
- Geography
- Finland · System Integrator
- Initiated
- Feb 16, 2021
- Exit / hold
- Feb 18, 2024
- Held
- 3.0 yrs · 1,097d
- Gross
- +53%
- Annualized
- Pending
- Alpha
- Pending
- Geography
- U.S. · Live Entertainment, Ticketing
- Initiated
- Jan 13, 2020
- Exit / hold
- Oct 4, 2024
- Held
- 4.7 yrs · 1,726d
- Gross
- +95%
- Annualized
- Pending
- Alpha
- Pending
- Geography
- U.S. · Salvage Vehicle E-Commerce
- Initiated
- Jun 2, 2022
- Exit / hold
- Held · Oct 28, 2026
- Held
- 4.4 yrs · 1,609d
- Gross
- +98%
- Annualized
- Pending
- Alpha
- Pending
- Geography
- U.S. · Cloud, Game, SaaS
- Initiated
- Dec 26, 2020
- Exit / hold
- Apr 5, 2024
- Held
- 3.3 yrs · 1,196d
- Gross
- +41%
- Annualized
- Pending
- Alpha
- Pending
- Geography
- U.S. · Outdoor Ads (Billboard)
- Initiated
- Sep 27, 2019
- Exit / hold
- Held · Oct 28, 2026
- Held
- 7.1 yrs · 2,588d
- Gross
- +18%
- Annualized
- +2%
- Alpha
- −175%
- Geography
- Korea · Search, E-Commerce
- Initiated
- Aug 16, 2021
- Exit / hold
- Nov 18, 2022
- Held
- 0.3 yrs · 94d
- Gross
- −12%
- Annualized
- −12%
- Alpha
- −4%
- Geography
- U.S. · Discount Retailer
- Initiated
- Sep 21, 2022
- Exit / hold
- Dec 9, 2022
- Held
- 0.2 yrs · 79d
- Gross
- −15%
- Annualized
- −15%
- Alpha
- −19%
- Geography
- U.S. · Student Loan Servicer
- Initiated
- Feb 18, 2020
- Exit / hold
- Jul 27, 2020
- Held
- 0.4 yrs · 160d
- Gross
- −19%
- Annualized
- −19%
- Alpha
- −15%
- Geography
- U.S. · Consumer Hardware, Services
- Initiated
- Aug 11, 2020
- Exit / hold
- Nov 18, 2020
- Held
- 0.3 yrs · 99d
- Gross
- −11%
- Annualized
- −11%
- Alpha
- −14%
- Geography
- U.K. · Motorsport
- Initiated
- Jan 23, 2020
- Exit / hold
- Jun 24, 2021
- Held
- 1.4 yrs · 518d
- Gross
- +61%
- Annualized
- +40%
- Alpha
- +35%
- Geography
- Sweden · Sensor, Auto. Solution Provider
Personal research track record, not fund performance. Gross, unaudited. Past performance does not guarantee future results.