Portfolio

Led by Sir Peter Beck — a visionary engineer and savvy businessman with a commitment to beautiful engineering. Electron launches at tremendous cadence, and Neutron, their medium-lift rocket, is within a year of maiden launch. Once Neutron is operational, Rocket Lab has the capability to launch their own large-scale satellite constellation, creating an entirely vertically integrated space company.

Gold as a long-term store of value and portfolio anchor. In an era of persistent deficit spending and currency debasement, hard assets with thousands of years of monetary history earn a meaningful allocation. A hedge against the things you can't control.

The world's most advanced and dominant semiconductor manufacturer — a true monopoly on cutting-edge chip fabrication. Every leading AI chip from NVIDIA, AMD, Apple, and others runs through TSMC's fabs. The secular tailwind from AI compute demand makes this one of the most strategically important companies on the planet.

Digital gold with a fixed supply and growing institutional adoption. Bitcoin is the first truly scarce digital asset — a decentralized store of value outside the reach of any government or central bank. As sovereign debt spirals and currency debasement accelerates, Bitcoin's role as a hard asset alternative only grows.

The defining company of the AI era. NVIDIA's GPU dominance is reinforced by the CUDA software moat — years of developer investment that no competitor can replicate quickly. As AI infrastructure spending accelerates, NVIDIA sits at the center of every major data center buildout worldwide.

Dominant search and advertising engine with a growing cloud business and deep AI capabilities via Gemini. The company prints enormous free cash flow and sits on a mountain of data. Trading at a reasonable multiple for a business of its quality and runway.

The only company in the world that manufactures EUV lithography machines — the equipment required to produce every advanced semiconductor. An irreplaceable monopoly. Without ASML there is no TSMC, no NVIDIA, no modern AI. It is the most critical chokepoint in the entire technology supply chain.

Led by Lisa Su, one of the best CEOs in semiconductors. AMD competes with NVIDIA in GPUs, but the more compelling thesis is CPUs in the emerging world of agentic AI. As autonomous agents proliferate and inference workloads scale, CPU demand accelerates alongside GPU demand — and AMD is well-positioned to capture both.

A natural gas pipeline infrastructure play on the AI power build-out. As hyperscalers race to bring their own energy to data centers, natural gas is the most reliable on-demand fuel source to get there. Williams owns the pipes that move it — irreplaceable infrastructure with pricing power as demand accelerates.

A precision optical and electronic contract manufacturer that sits deep in the AI networking supply chain. As data centers scale and optical interconnect demand explodes, Fabrinet is a quiet beneficiary — manufacturing the components that make high-speed AI networking possible.

The largest power generation company in the US, with both regulated utility operations and a large unregulated clean energy segment. The AI infrastructure boom demands massive, reliable power — and NextEra is uniquely scaled to deliver it. The unregulated arm gives it direct exposure to the explosive growth in contracted energy demand from hyperscalers and data center operators.

A leading manufacturer of optical and photonic products used in high-speed networking and data center interconnects. As AI infrastructure drives demand for faster, denser optical networking, Lumentum supplies the components that make it possible.