Matas Baliukonis

Special Situations & Inflecting Microcaps | invest in HFs for a living | Longevity fan. Not financial advice.

[Matas Baliukonis @MatasBaliukonis]

With Ukraine continuing to push back successfully against Russia and Trump potentially returning to the negotiating table, it seems the Ukraine Peace Basket might be ripe for a move up.

$KYIV $IMC $MHPC $SKA $APT $APN $PCZ $AST $SEL

[Matas Baliukonis @MatasBaliukonis]

When will the "old world" companies become interesting to investors again?

I think soon.

Long $BRK.A, $SOCG.NE and $UNH.

[Matas Baliukonis @MatasBaliukonis]

https://t.co/2PhsQolH04

Agree with @hkuppy's view on trade colleges. I think $LGCY is a great addition to the list at an even better valuation, if your size allows it.

[Matas Baliukonis @MatasBaliukonis]

@Biohazard3737 @West4thCapital Could you please add me to that list as well? Good luck with the launch!

[Matas Baliukonis @MatasBaliukonis]

@orrdavid Would love to use this! Great when you juggle many positions

[Matas Baliukonis @MatasBaliukonis]

@doomerzoomer @mattscottcap Not a hidden gem if everyone is talking about it

[Matas Baliukonis @MatasBaliukonis]

$VAL is the most basic kind of sentiment turnaround play. All stocks go through a time where it doesn't matter what the quarter was like, it still goes down.

Almost 100% of the time, the sentiment has a reversal if fundamentals are right.

[Matas Baliukonis @MatasBaliukonis]

@DeepValueStonks Or just wait until it gets positive momentum and buy then

[Matas Baliukonis @MatasBaliukonis]

@SowingAlphaSeed I meant what you made most money off😅 Or was it similar to the tilts you have (i.e. everything worked out)?

[Matas Baliukonis @MatasBaliukonis]

@davidecapital @Fierce__beast I have been only trying it out for a short time but seems interesting for an additional insight or two from the expert calls. Why don’t you like it?

[Matas Baliukonis @MatasBaliukonis]

I have been shorting $ZIP for some time.

Secular long-term pressure from AI-driven reduction in hiring, competition from LinkedIn and others, unprofitability, and a guaranteed drop in hiring during economic slowdowns make this attractive as both a hedge and an alpha short even after the big drop.

1.5% of NAV.

Anyone longing this care to share their thesis?

[Matas Baliukonis @MatasBaliukonis]

I have been shorting $ZIP for some time.

Secular long-term pressure from AI-driven reduction in hiring, competition from LinkedIn and others, unprofitability, and a guaranteed drop in hiring during economic slowdowns make this attractive as both a hedge and an alpha short even after the big drop.

1.5% of NAV.

Anyone longing this care to share their thesis?

[Matas Baliukonis @MatasBaliukonis]

@nishantkumar07 @nishantkumar07 you should add AG Capital, they have had a great year.

[Matas Baliukonis @MatasBaliukonis]

Bad take.

Mostly crowded shorts lost money yesterday. Also, shorts are not there to provide returns long term (if they do— great!), they are there to allow you to have more exposure to the long book without risking a blow-up during a bad year.

Yesterday my long book made 2% and short book lost 0.3% - case in point.

[Oguz Erkan @oguzerkan]

Stanley Druckenmiller: "I am not sure whether I have ever made money on my shorts."

Many investors were short at the start of the year, and we got a great rally yesterday.

That's why I never short even if the market is expensive.

Timing is pure luck. It's a gamble.

[David Orr @orrdavid]

Militia Capital made +64.3% in 2025. You can find my 2025 letter at https://t.co/OB1l1Q6dBs

[Matas Baliukonis @MatasBaliukonis]

@orrdavid Bonkers

[Matas Baliukonis @MatasBaliukonis]

Long basket up 1%, short basket up 0.23% + running 147.3% gross, 95% net. Will most likely increase shorts soon as I find more opportunities, but not too worried as I’m running about 30 (semi) uncorrelated bets across 60-something positions.

Really enjoyed the recent @orrdavid podcasts, so trying to apply some of his philosophy to my portfolio.

[Nishant Kumar @nishantkumar07]

𝐍𝐞𝐰 𝐘𝐞𝐚𝐫 𝐰𝐢𝐬𝐡𝐞𝐬 𝐭𝐨 𝐲𝐨𝐮 𝐚𝐥𝐥! May 2026 bring good health, sharper judgment and more wisdom. And the following to my special sources: