Beneat
Equity Portfolio
A concentrated portfolio of listed equities. Returns are time-weighted, net of costs, and taken directly from custodian statements.
- Inception
- May 27, 2026
- Strategy
- Concentrated equities
- Custodian
- Interactive Brokers
- Base currency
- USD
- Benchmarks
- SPY · QQQ
- Statement date
- Oct 5, 2026
Performance
As of Oct 5, 2026
Time-weighted return+5.3%Since May 27, 2026
Deployed capital return+10.8%Cash excluded
Excess vs SPY+2.0 ppSPY +3.2%
Maximum drawdown−11.1%
| Trailing returns | 1 month | 3 months | Since inception |
|---|---|---|---|
| Portfolio | −8.5% | +8.6% | +5.3% |
| SPY | +0.6% | +3.1% | +3.2% |
| QQQ | +5.2% | +4.6% | +3.7% |
| Excess vs SPY | −9.1 pp | +5.5 pp | +2.0 pp |
Periods appear once the track record covers them.
Growth
As of Oct 5, 2026
Cumulative return
Portfolio return+5.3%
May 27 → Oct 5SPY +3.2% · +2.0 pp excess
Monthly returns
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | · | · | · | · | −0.4% | −4.2% | +0.8% | +18.9% | −8.8% | +1.0% | · | · | +5.3% |
First month from inception. Current month partial.
Risk
| Risk | Since inception |
|---|---|
| Annualised volatility | 23.9% |
| Maximum drawdownSep 3, 2026 to Sep 28, 2026 | −11.1% |
| Worst daySep 16, 2026 | −4.62% |
| Relative to benchmark | SPY | QQQ |
|---|---|---|
| Excess return | +2.0 pp | +1.6 pp |
| Beta | 0.98 | 0.52 |
| Correlation | 0.51 | 0.49 |
| Upside capture | 126% | 53% |
| Downside capture | 119% | 45% |
Attribution
As of Oct 5, 2026
| Source | Contribution | |
|---|---|---|
| Realised gains | +6.89 pp | |
| Commissions | −0.17 pp | |
| Unrealised gains, open positions | −1.77 pp | |
| Total | +4.96 pp |
Percentage points of portfolio value. Unrealised gains are measured since purchase, not over the statement window.
Holdings
As of Oct 5, 2026
Positions11
Top five43.0%Largest 11.9%
Cash32.4%
| # | Security | Weight |
|---|---|---|
| 1 | ADBEADOBE INC | 11.9% |
| 2 | ORCLORACLE CORP | 9.5% |
| 3 | LULULULULEMON ATHLETICA INC | 8.5% |
| 4 | EOSEEOS ENERGY ENTERPRISES INC | 6.6% |
| 5 | FCELFUELCELL ENERGY INC | 6.4% |
| 6 | BTGOBITGO HOLDINGS INC-CL A | 6.0% |
| 7 | NKENIKE INC -CL B | 6.0% |
| 8 | PYPLPAYPAL HOLDINGS INC | 5.2% |
| 9 | RBLXROBLOX CORP -CLASS A | 3.4% |
| 10 | 1211BYD CO LTD-H | 2.4% |
| 11 | XBIOXENETIC BIOSCIENCES INC | 1.6% |
| Cash | 32.4% |
| Sector | Weight |
|---|---|
| Information Technology3 | 24.9% |
| Industrials3 | 18.2% |
| Consumer Discretionary2 | 14.5% |
| Financials1 | 6.0% |
| Unclassified1 | 2.4% |
| Health Care1 | 1.6% |
| Cash | 32.4% |
Methodology
- Source
- Interactive Brokers Flex statements. Nothing is self-reported.
- Returns
- Daily time-weighted, with deposits and withdrawals removed. Net of commissions and taxes.
- Deployed capital
- Modified Dietz return on the equity sleeve, excluding cash.
- Benchmarks
- SPY and QQQ price returns over the same trading days.
- Disclosure
- Percentages only. No balances, sizes, prices or account identifiers are published.
- Updates
- Daily, after the custodian closes the books.