High Risk

Recent Performance — Last 4 Sessions

Today = vs the Aug 12 published unit ($1,447). Live opening marks (Thu, near the open ~7:30 MDT); daily move is vs Wednesday's (Aug 12) published update; August MTD starts from Friday Jul 31's official month-end close. August MTD vs Jul 31 close ($1,257.26). Sessions before Jul 14 reflect the prior book; the current holdings were established at the Jul 14 open.

Baseline note (Aug 13): today’s move is measured against the Aug 12 published update ($1,447); August MTD is measured against the Jul 31 official month-end close of $1,257 for the current whole-share model. July is locked closed in the monthly table.

Position Scoreboard — Sorted by Portfolio Weight

Today = vs the Aug 12 published mark for positions already held. Since Fill = vs SOXL $179.62 / TQQQ $75.19 / MSTR $94.78 / BE $205.15 / NBIS $172.19. Weight = % of unit. Live opening marks (Thu, near the open ~7:30 MDT); daily move is vs Wednesday's (Aug 12) published update; August MTD starts from Friday Jul 31's official month-end close.

Portfolio Allocation by Category

Live Track Record — Since January 22, 2026 (Actual)

▲ Current month through today; July 2026 is locked closed; return measured from the Jan 22, 2026 entry. * Jan–Mar 2026 are estimated partial-period returns carried from our May 2026 updates; they predate our daily archive (begins 15 April 2026) and are shown as estimates, not as-published daily marks. Apr–Jun cells are as-published marks; July is locked closed from the Jul 31 month-end close; close-basis restatement pending the anchor review. No backtests, no hypotheticals. Units are price-return; dividends are not accrued.

Calculate Your Position Size

High Risk is marked at $1,489 on the current whole-share model, +2.9% versus Wednesday's published update. August MTD is +18.4% and 2026 YTD is -9.0% on the performance chain. NBIS is doing almost all of the work today, sharply higher as the market keeps digesting Wednesday's Q2 print — reports now put annualized recurring revenue near $3 billion with $236 million in adjusted EBITDA, evidence the company is converting its AI-compute backlog into real cash flow rather than just growing revenue on paper.

Two fresh catalysts are layered on top: Nebius and Vantage Data Centers announced a new UK deployment, NVIDIA-powered AI infrastructure at a Newport, Wales campus, the first commercial capacity commitment in the South Wales AI Growth Zone. And Michael Burry's disclosed short position in NBIS has been moving against him as the stock rallies, adding a short-covering bid on top of the fundamental news.

Today's July PPI print came in benign — final demand prices flat month-over-month, +4.7% year-over-year, core +0.4% for the month — extending Tuesday's cooler CPI into a second straight day of disinflation evidence, generally constructive for leveraged and high-multiple names. That's offset by Iran/Hormuz, which is not de-escalating: Iran's foreign minister warned of a "bigger miscalculation" by the US, Tehran rejected Trump's claim of controlling the waterway, and Iran says no ceasefire-extension talks are underway. A drone hit a US-owned tanker at an Egyptian port overnight.

Bottom line: no portfolio change before this update. NBIS's move today is backed by real fundamentals and a real short squeeze, not just macro tailwinds — worth distinguishing from the broader cooling-inflation story that's helping SOXL and TQQQ more modestly.

Portfolio Builder | Market Update | Thursday, August 13, 2026

Trade Ledger — Entry & Exit History

Every position we open and close, newest first. Realized P/L on closes is marked against the original entry price.

Entry prices verified against the Jan 22, 2026 cost basis. “Open” = still held today. An entry marked “Closed <date>” was exited in that rotation — its realized result is shown on the CLOSE row for that date. This ledger builds our public track record going forward.