J&T NextGen

~ Investiční výbor fondu J&TIS NextGen🚀 ❗️Názory zveřejněné na tomto profilu nejsou investičním doporučením ani investiční nabídkou❗️

[Mojmír Zálešák Jr @Mojmir_Zalesak]

📢 @jt_nextgen's Stock of the Month for May is here!

Ouster (NASDAQ: $OUST)

🔹 Portfolio weight: 2.26% | Entry (Avg.): $24.07 | Current price: $46.05 (end of May) | P/L: +90.5% | Market Cap: ~$2.51B | Price Target: $60 (+30.3% upside)

🔹What does the company do?

Ouster develops digital lidar sensors and perception software for robotics, autonomous systems, and smart infrastructure. 🕹️

#nextgen #stockofthemonth #stocks #investing

@jtiscz | @MichalSemotan | @SemotanDaniel

[Mojmír Zálešák Jr @Mojmir_Zalesak]

🟣🔹📢 @jt_nextgen | May 2026 📢🔹🟣

In May, equity markets continued their strong rebound, with U.S. technology stocks once again leading the way. For investors without exposure to semiconductors, AI, data centers, and the infrastructure supporting them, May was a difficult month to keep up with the market.

The Nasdaq added more than 8% during the month, and J&T NextGen managed to outperform even this strong benchmark (+10.36%). Our focus on companies linked to data centers, AI infrastructure, chips, cloud, and power generation was a major driver of performance. After a longer period of pressure, software and cybersecurity names also finally started to recover, with our exposure to companies such as Palo Alto Networks and CrowdStrike benefiting from renewed investor interest.

Our investments rose by approximately +10.38% in May. During the month, we continued to build and increase positions in Applied Digital, NU Holdings, Arista, Vistra, Harrow, Capstone Energy, Amazon, Morgan Stanley Bitcoin Trust, Ondas, Red Cat, Micron, and Tempus AI. At the same time, we partially took profits in several names after strong rallies, including Nebius, Sterling Infrastructure, Marvell, Credo, Palo Alto Networks, CrowdStrike, Ouster, Schlumberger, and FTAI Infrastructure.

We currently hold cash at around 7%, as the portfolio remains strongly invested while still keeping flexibility for potential volatility or more attractive entry points.

The fund’s largest positions include Amazon, Vistra, Nvidia, Harrow, CrowdStrike, Palo Alto Networks, Meta, and IBIT. YTD, J&T NextGen is up +19.76%, continuing to outperform major U.S. equity indices.

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📍General overview📍
--------------------------------------

AUM: 595 mil. Kč (~$28.56 million) | Month-to-month change: +11.2%

% of Capital Invested: ~93%

Stock-to-bonds-to-cash allocation (%): 93-0-7

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🎯Performance overview (after fees)🎯
--------------------------------------

May 2026: +10.38% | S&P 500: +4.84% | Nasdaq: +7.40%

YTD: +19.76% | S&P 500: +10.81% | Nasdaq: +16.57%

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📣Portfolio adjustments📣
--------------------------------------
Sold positions (or parts of positions [P]):

•⁠ ⁠STRL
•⁠ ⁠MRVL
•⁠ ⁠Schlumberger
•⁠ ⁠FIP
•⁠ ⁠CRDO [P]
•⁠ ⁠PANW [P]
•⁠ ⁠CRWD [P]
•⁠ ⁠OUST [P]
•⁠ ⁠NBIS [P]

--------------------------------------
🔹New additions/Increased exposition🔹
--------------------------------------

•⁠ ⁠CGEH
•⁠ ⁠MU
•⁠ ⁠ONDS
•⁠ ⁠UZNF

Czech version 👉🏻 https://t.co/ng2pKTzZqI

@jtiscz | @MichalSemotan | @SemotanDaniel | Gabriel Herbrik | Sebastian Slabý

#investing #may

[Michal Semotan @MichalSemotan]

J&T NextGen views#
Nvidia drží tech nad vodou (tržby +85 % YoY, marže 75 %), ale na makro scéně to začíná trochu skřípat. Trumpův výjezd do Číny přinesl jen 200 Boeingů, což trhu nestačí.
Do toho rostou výnosy 10letých US dluhopisů a hrozí drahá ropa, která by mohla nakopnout inflaci. Pokud dluhopisy přesáhnou 5 %, akcie to jistě pocítí.

V NextGenu věříme v AI a tech, ale krátkodobou korekci ze scénáře nevylučujeme. Jaký je váš sentiment pro příští týdny? Býci, nebo medvědi?🐂�� 👇

#markets #investing #stocks #nvidia #nextgenviews

[Michal Semotan @MichalSemotan]

Geopolitika, inflace a výnosy dluhopisů vs. skvělé výsledky Nvidie – kam se teď vydají americké akciové trhy? 🏛️ Celou analýzu dění v poslední době sledujte už zítra v novém J&T NextGen Views!

#nextgenviews #investing #finance #stock #markets

[Mojmír Zálešák Jr @Mojmir_Zalesak]

🟣🔹📢 @jt_nextgen | April 2026 📢🔹🟣

Equity markets surged sharply in April as the first signs of a potential ceasefire between the United States and Iran restored investor confidence and triggered a broad-based rebound.

Technology stocks delivered an especially strong recovery, as previously depressed share prices and more attractive valuations brought renewed momentum back into the sector. Investors were reminded that large technology companies are not heavily dependent on oil or gas input prices, while expectations for earnings growth and profitability remain positive.

Our portfolio benefited meaningfully from this environment. J&T NextGen remains primarily focused on the U.S. market, with technology-related names representing more than half of the portfolio. Semiconductors, data centers, infrastructure, cloud businesses, and, after a longer period of weakness, cybersecurity all contributed to the sharp recovery in U.S. equities.

Our investments rose by +12.62% in April. During the month, we took profits in TSMC, Nebius, Marvell, and Talkspace. At the same time, we initiated or increased positions in ServiceNow, NU Holdings, Netflix, Applied Digital, FTAI Aviation, and Morgan Stanley Bitcoin Trust.

We currently hold cash at around 8%, reflecting the strong rally in equities over the past month. We want to remain prepared for potential volatility and ready to add to the portfolio should more attractive opportunities emerge.

The fund's largest positions include Amazon, Nvidia, Nebius, IBIT, and Meta. Year-to-date, the fund is up +8.50%, outperforming major U.S. equity indices.

--------------------------------------
📍General overview📍
--------------------------------------
AUM: 535 mil. Kč (~$25.67 million) | Month-to-month change: +12.6%

% of Capital Invested: ~92%

Stock-to-bonds-to-cash allocation (%): 92-0-8

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🎯Performance overview (after fees)🎯
--------------------------------------
April 2026: +12.62% | S&P 500: +9.64% | Nasdaq: +13.97%

YTD (Jan-Apr): +8.50% | S&P 500: +5.11% | Nasdaq: +7.13%

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📣Portfolio adjustments📣
--------------------------------------

Sold positions (or parts of positions [P]):

•⁠ ⁠$TSM [P]
•⁠ ⁠$NBIS [P]
•⁠ $⁠MRVL [P]
•⁠ ⁠$TALK [P]

--------------------------------------
🔹New additions/Increased exposition🔹
--------------------------------------

•⁠ ⁠$NFLX
•⁠ ⁠$MSBT
•⁠ ⁠$NOW
•⁠ ⁠$NU
•⁠ ⁠$FTAI
•⁠ ⁠$APLD

Czech version 👉🏻 https://t.co/BGX6hsvex2

@jtiscz | @MichalSemotan | @SemotanDaniel | Gabriel Herbrik | Sebastian Slabý

#nextgen #investing #april

[Mojmír Zálešák Jr @Mojmir_Zalesak]

📢 @jt_nextgen's Stock of the Month for April 2026 is here!

Credo Technology Group Holding Ltd. (NASDAQ: $CRDO) 📢

Credo is a “fabless” semiconductor company addressing one of today’s biggest bottlenecks: high-speed, energy-efficient connectivity in AI data centers. Its active electrical cables (AECs) have become critical infrastructure for connecting AI clusters at the world’s largest hyperscalers.

🔹 Portfolio weight: 3.37% | Entry (Avg.): $132.83 | Current price: $174.01 | P/L: +31.0% | Market cap: ~$32B | Price Target: $210 (+20.7% upside)

💬 Credo is benefiting from the massive buildout of AI infrastructure, regardless of which chip manufacturer (NVIDIA, AMD, or custom ASICs) is leading at any given time. We see hypergrowth here, with expected revenue tripling in 2026.

You can read more in the replies to this post!

@jtiscz | @MichalSemotan | @SemotanDaniel

#stock #investing #credo #semiconductors #jtnextgen

[J&T NextGen @jt_nextgen]

11 dní. Tak dlouho trvalo S&P 500, než zapomnělo na panickou náladu z března a vrátilo se k novým rekordům. 📈

A co dalšího se událo? Podívejte se na nový díl Nextgen Views! 🎥

#stocks #investing #markets #ai #cybersecurity

[J&T NextGen @jt_nextgen]

Ještě nedávno to nevypadalo dobře — Hormuz, ropa, inflační strach. Pak přišel duben a všechno se otočilo. Brent dolů, S&P 500 nahoru, tech zase táhne trh. Ale jsme opravdu z nejhoršího venku? 🤔

Nový díl NextGen Views už zítra. 📈

#stocks #markets #investing #ai

[Daniel Semotan @SemotanDaniel]

Stock of the Month – Nebius Group ($NBIS) 🚀

The AI infrastructure company with $45B+ in contracted backlog, NVIDIA as a strategic shareholder, and a management team that already built and exited a $30B empire.

Portfolio Weight: 5.18% | Rank: #3 Largest Position 📊
Market Cap: ~$26B | NASDAQ: NBIS

@jt_nextgen | @MichalSemotan | @Mojmir_Zalesak

[Mojmír Zálešák Jr @Mojmir_Zalesak]

🟣🔹📢 J&T NextGen – March 2026 📢🔹🟣

In March, equity markets came under significant pressure as the U.S.–Iran conflict escalated sharply. Iran's retaliatory strikes on neighboring countries in the Persian Gulf heightened investor fears over the potential disruption of international trade and energy supply routes.

Our primarily U.S.-focused exposure worked in our favor. Despite the surge in oil prices, the United States remains self-sufficient in both oil and gas production, making U.S. equities less vulnerable than their European or Asian counterparts.

Technology stocks initially held up relatively well compared to other sectors following the outbreak of hostilities, though sell-offs eventually spread across the board as the conflict continued. Our crypto exposure also proved resilient, as bitcoin demonstrated notable stability after the onset of war, partly aided by a washout in the second half of last year.

Software stocks remained under pressure, and, surprisingly to us, the sell-off extended into the cybersecurity space, as some investors fear disruption from new AI models. We disagree. Paradoxically, the importance of cybersecurity will only increase, and it will grow through the very companies operating in the space today.

We added to Vistra, Harrow, Zscaler, AppLovin, and Bank of America, while taking partial profits on Red Cat, Atex, and Nebius. We currently hold cash slightly above 6%, and are prepared to add to our portfolio should prices decline further.

The fund's largest positions include Nvidia, Amazon, Nebius, Meta, and IBIT. Year-to-date, the fund is down –3.66%, outperforming the decline in major U.S. equity indices.

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📍General overview📍
--------------------------------------

AUM: 475 mil. Kč (~$22.31 million) | Month-to-month change: -2.2%

% of Capital Invested: ~94%

Stock-to-bonds-to-cash allocation (%): 94-0-6

--------------------------------------
🎯Performance overview (after fees)🎯
--------------------------------------

March 2026: -4.48% | S&P 500: -5.13%

YTD: -3.66% | S&P: -4.02%

--------------------------------------
📣Portfolio adjustments📣
--------------------------------------

Sold positions (or parts of positions [P]):

•⁠ ⁠RCAT [P]
•⁠ ⁠ATEX [P]
•⁠ ⁠UNH
•⁠ ⁠NBIS [P]

--------------------------------------
🔹New additions/Increased exposition🔹
--------------------------------------

•⁠ ⁠VST
•⁠ ⁠HROW
•⁠ ⁠ZS
•⁠ ⁠PANW
•⁠ ⁠APP
•⁠ ⁠BAC
•⁠ ⁠CELH
•⁠ ⁠AMTM
•⁠ ⁠CRDO
•⁠ ⁠RKT

Czech version 👉🏻 https://t.co/2v72NOgteH

@jtiscz | @MichalSemotan | @SemotanDaniel | Gabriel Herbrik | Sebastian Slabý

#nextgen #investing #february

[J&T NextGen @jt_nextgen]

Trhy sledují ropu a Hormuz. Její růst vrací inflační tlak, Nasdaq je v korekci a trh znovu zvažuje možnost dalšího zvýšení sazeb.

Jde jen o krátkodobý šok, nebo začátek delšího období nejistoty?🎥 Jak to vidíte vy? 👇

#nextgenviews #investing #stock #ai #bitcoin

[J&T NextGen @jt_nextgen]

Stres test trhů, ropa nad 100 USD, stagflační tlak na Fed, první praskliny v private creditu a underperformance Mag 7...

Co to znamená pro trhy a naše portfolio?
To si rozebereme v dalším díle NextGen Views! 🚀

#nextgenviews #stock #investing #mag7

[Mojmír Zálešák Jr @Mojmir_Zalesak]

📢 @jt_nextgen Stock of the Month | February: Anterix, Inc. (NASDAQ: ATEX) 📢

Anterix owns unique 900 MHz spectrum for private LTE networks used by U.S. utility companies – a key communication layer for the digitalization and security of modern energy grids.

🔹 Exposure: 2–3% | Entry: $22.49 | Current price: $39.00 | P/L: +64.2% | Market cap: $677M | PT: $65

💬 Do you think Anterix is primarily a spectrum play, or a long-term infrastructure asset?

------

CZ:

📢Akcie měsíce J&T NextGen | únor: Anterix, Inc. (NASDAQ: ATEX) 📢

Anterix vlastní unikátní 900 MHz spektrum pro privátní LTE sítě energetických společností v USA – klíčovou komunikační vrstvu pro digitalizaci a bezpečnost moderních energetických sítí.

🔹 Expozice: 2–3 % | Vstup: $22.49 | Aktuální cena: $39.00 | P/L: +64.2 % | Market cap: $677M | PT: $65

💬 Myslíte si, že Anterix je spíše spectrum play nebo dlouhodobý infrastrukturní asset?

@jtiscz | @MichalSemotan | @SemotanDaniel

#nextgen #sotm #atex #anterix #stock #investing

[Mojmír Zálešák Jr @Mojmir_Zalesak]

🟣🔹📢 @jt_nextgen – February 2026 📢🔹🟣

In February, investors continued rotating out of technology stocks into other sectors, with software companies facing the strongest selling pressure. The market increasingly embraced the view that many software business models could be disrupted by AI models. We do not fully share this perspective. While smaller projects may indeed be vulnerable, large companies responsible for managing client databases and cybersecurity infrastructure are likely to maintain their competitive positions. In fact, these firms may ultimately benefit from AI adoption through improved efficiency and lower operating costs. We therefore remain confident in this sector, particularly in cybersecurity.

During the month, U.S. equity indices declined, with the Nasdaq experiencing the largest losses. In contrast, European equities continued to perform relatively well, benefiting from ongoing sector rotation.

Geopolitical risk escalated toward the end of the month when negotiations with Iran collapsed and Israel, together with the United States, carried out strikes on selected targets in Iran. The potential impact of this conflict on global equity markets will depend largely on its duration. At this stage, we do not expect the conflict to extend significantly beyond a short-term horizon. However, a prolonged escalation would naturally represent a more negative scenario for risk assets.

The fund currently maintains a cash position of approximately ~7%, which allows us to remain flexible in the event of further market volatility.

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📍General overview📍
--------------------------------------

AUM: 486 mil. Kč (~$23.23 million) | Month-to-month change: +2.1%

% of Capital Invested: ~ 93%

Stock-to-bonds-to-cash allocation (%): 93-0-7

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🎯Performance overview (after fees)🎯
--------------------------------------

February 2026: -1.45% | S&P 500: -0.12%

YTD: +0.89% | S&P: -0.49%

--------------------------------------
📣Portfolio adjustments📣
--------------------------------------
Sold positions (or parts of positions [P]):

•⁠ ⁠RACE

--------------------------------------
🔹New additions🔹
--------------------------------------
•⁠ ⁠ZS
•⁠ ⁠BAC
•⁠ ⁠AMTM
•⁠ ⁠NTLX

Czech version 👉🏻 https://t.co/TcdyGcREn0

@jtiscz | @MichalSemotan | @SemotanDaniel

#nextgen #investing #february

[J&T NextGen @jt_nextgen]

Volatilita je zpět. V únoru přišla sektorová rotace a bitcoin se propadl až k hranici $60,000. I přesto je ale podle nás AI klíčem budoucího růstu.📈

Co si o začátku roku myslíte vy? Dejte nám vědět v komentářích!🚀

#ai #stocks #investing #2026 #jtnextgen

[J&T NextGen @jt_nextgen]

Propad BTC, nominace Kevina Warshe jako nového šéfa FEDu, rotace z technologických akcií do energetiky a rostoucí napětí mezi USA a Íránem...

Co dalšího se od začátku roku událo? To si proberem v dalším díle NextGen Views!🚀

#ai #stocks #investing #jtnextgen

[J&T NextGen @jt_nextgen]

LinkedIn odkaz: https://t.co/5ksQf7zS4k

[J&T NextGen @jt_nextgen]

📢 Akcie měsíce J&T NextGen – leden: Micron (NASDAQ: MU) 📢

🔹 Expozice: 2 % | Vstup: 247 USD | Exit: 430 USD | P/L: +75% 🔹

Vyšel náš výběr akcie ze leden. Celý příspěvek si přečtěte zde!

Odkaz: https://t.co/5TKO8q6cy4

#investice #jtnextgen #stocks #ai

[Michal Semotan @MichalSemotan]

Sepsal jsem pár vět k letošnímu úvodu na trzích, zde:

[Mojmír Zálešák Jr @Mojmir_Zalesak]

🟣🔹📢 @jt_nextgen – January 2026 📢🔹🟣

The beginning of 2026 brought a relatively positive tone to equity markets, but the environment rapidly shifted as sectors and regions started to diverge in performance. Energy and commodity-related stocks outperformed, while many technology names remained under selling pressure. Precious and industrial metals experienced a sharp rally, followed by a notable correction toward the end of the month.

Geopolitical risk once again became a relevant market factor. Rising tensions surrounding a potential U.S. military strike on Iran and escalating rhetoric between Donald Trump and Denmark regarding Greenland contributed to increased uncertainty.

Importantly, we made a deliberate decision to significantly streamline and consolidate our portfolio. We reduced the number of holdings to 35 positions (which we intend to lower in the upcoming months) and realized several strong gains.

This consolidation was an intentional response to a key lesson from the previous year: although we had a number of excellent stock picks that generated substantial returns, their portfolio weights were too small to materially impact overall fund performance. In 2026, we are prioritizing higher conviction and more concentrated position sizing to ensure that our best ideas meaningfully contribute to returns.

We initiated new positions in NBIS, a company focused on infrastructure for next-generation data centers, and ahead of earnings, we added Morgan Stanley, where we see significant upside driven by a recovery in M&A and IPO activity this year. We also participated in the IPO of defense manufacturer CSG, though we were unfortunately allocated zero shares.

During January, the portfolio gained +2.35%, outperforming major U.S. indices. The fund currently holds approximately 7% in cash.

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📍General overview📍
--------------------------------------

AUM: 476 mil. Kč (~$23.06 million) | Month-to-month change: +6.97%

% of Capital Invested: ~93 %

Stock-to-bonds-to-cash allocation (%): 93-0-7

--------------------------------------
🎯Performance overview (after fees)🎯
--------------------------------------

January 2026: +2.35% | S&P 500: +1.17%

--------------------------------------
📣Portfolio adjustments📣
--------------------------------------

Sold positions (or parts of positions [P]):

•⁠ ⁠FTAI
•⁠ ⁠GOOG [P]
•⁠ ⁠CTRA
•⁠ ⁠ESPR
•⁠ ⁠BUG
•⁠ ⁠https://t.co/IMbPswvqj5
•⁠ ⁠MSFT
•⁠ ⁠ETHE
•⁠ ⁠S
•⁠ ⁠GSOL
•⁠ ⁠TRIP
•⁠ ⁠RCAT [P]
•⁠ ⁠MU
•⁠ ⁠META [P]
•⁠ ⁠Cyber Security Cloud (4493.T)
•⁠ GTLB

--------------------------------------
🔹New additions🔹
--------------------------------------

•⁠ TT
•⁠ TEM
•⁠ ATEX
•⁠ RACE
•⁠ NBIS
•⁠ GUTS
•⁠ IONQ
•⁠ MS
•⁠ VST
•⁠ CRDO
•⁠ MRVL
•⁠ TEM
•⁠ Schlumberger

Czech version 👉🏻 https://t.co/yHfWyEvTk5

@jtiscz | @MichalSemotan | @SemotanDaniel

#nextgen #investing #january