PP Longport: your favorite thematic asset manager

Freely sharing my top performing long term investments (PPLong™), concentrating on winning themes, hanging out somewhere between two places.

[PP Longport: your favorite thematic asset manager @PPLongport]

We're +60% YTD 2026, as of end of June.

We were +78% YTD at end of May, so we took a small beating this past month but still crushing it. Indexes are running around 10% YTD. We're now 6x the market in 2026. We 5x'd the market in 2025.

This is still real alpha.

[PP Longport: your favorite thematic asset manager @PPLongport]

Your push present is a healthy baby

[Richard Johnson @RichJohnsonNFL]

Jayden Daniels’ teammates have reportedly been instructed to only give him high fours, as high fives are believed to constitute unauthorized use of his No. 5.

[PP Longport: your favorite thematic asset manager @PPLongport]

Can you imagine basing your investments on even a fractional part of Michael Burry's trades over the last 15 years?

[PP Longport: your favorite thematic asset manager @PPLongport]

@betmore67 @stocktalkweekly Clearly you haven't read much Ai slop if that's your response — though, in a year or so...

[PP Longport: your favorite thematic asset manager @PPLongport]

@StocksOnSpaces Quite the segue there

[PP Longport: your favorite thematic asset manager @PPLongport]

I'm down with the thesis that token-expensive frontier Ai language models might always be money losers — or at least currently under massive pressure from open source options. But if you think this means that as a result Ai needs less 'brains', processing, and rapid transport between these and us as consumers, let me be blunt: you don't understand what Ai is, what it currently lacks, and what it needs to get where it has to go for it to be acceptable to anyone in the not so distant future when they want to ask any question or conduct any analysis against every byte of information that's ever been associated with their existence.

[Kieran Drew @ItsKieranDrew]

I hate this too.

I still use em dashes, but have stopped using stuff like juxtaposition and rule of threes. They are great writing tools, but you cannot fight looking stupid by association.

[PP Longport: your favorite thematic asset manager @PPLongport]

Price anchored alarmists.

Yesterday $NBIS was going to the moon and much of X was writing its "Nebius is better than $IREN" epitaph. Today $NBIS is down 15% — does that mean that Nebius is the worst investment now and the future is closer to what IREN thinks it is?

If you're out here and reading that stuff, don't. It's a waste of your time and delivers exactly zero alpha. Important note: I own Nebius and sold IREN a while back. I've chosen my horse — for now — but investing isn't as black and white as the price anchored alarmists would have you think.

[PP Longport: your favorite thematic asset manager @PPLongport]

@StocksOnSpaces Datacenters have physical security standards: man traps to get into where the machines are, rooms, cages, etc. No dude with guns (normally)

[PP Longport: your favorite thematic asset manager @PPLongport]

Coincidentally, 91% is also the percentage $UPST stock is down from all time highs

[Upstart @Upstart]

91% of our loans are fully automated. No paperwork ping-pong, no waiting days for a human to review.

The borrower just gets an answer. That's what the technology is for.

Hear about how Upstart is using AI to improve loan rates for borrowers from CFO Andrea Blankmeyer on @HenryInvests @Rebellionaire

[PP Longport: your favorite thematic asset manager @PPLongport]

Micron is the one 'everybody's watching it' stock that I continue to hold. Today's $MU earnings report is just another reminder.

More active brain on live chips is not a trend that's going to slow down anytime soon. (And yes, I'm an IT guy and I know how that sentence reads.)

[PP Longport: your favorite thematic asset manager @PPLongport]

Couldn't have happened to a nicer guy. For those of us who were very early $SHOP investors and literally put every dollar we had into it, a big thanks to all who brought Andrew Left (Citron) to justice.

It took a lot to hold through. I'm sure there are many who sold early because of this guy.

[PP Longport: your favorite thematic asset manager @PPLongport]

$SHOP how it's going...

[PP Longport: your favorite thematic asset manager @PPLongport]

$SHOP how it's going...

[PP Longport: your favorite thematic asset manager @PPLongport]

$SHOP How it started...

[PP Longport: your favorite thematic asset manager @PPLongport]

$SHOP How it started...

[PP Longport: your favorite thematic asset manager @PPLongport]

We didn't hold these shares in $NBIS or $OSS in 2025. All were bought this year at some point. (PPLong has held Nebius on and off since practically the day it IPO'd.)

150% gains for each, two of our 3 largest holdings in PPLong.

[PP Longport: your favorite thematic asset manager @PPLongport]

We're +155% over the last year.

Indexes are running +29% over the last year.
We 5x'd the market over the last year.

This is massive alpha.

[PP Longport: your favorite thematic asset manager @PPLongport]

We're +78% YTD 2026, more or less end of May.

We were +42% YTD at end of April.
Indexes are running a little over 10% YTD.
We're now 7.5x the market in 2026.
We 5x'd the market in 2025.

This is still real alpha.

[PP Longport: your favorite thematic asset manager @PPLongport]

Market will continue up if $GOOGL getting $200B from Anthropic

Trim the sail
Minimize the drag
Balance the boat

PPLong just sold $IREN at a time when it's likely the company will be materially more valuable (as always, don't follow me anywhere you don't decide to go independently)

[PP Longport: your favorite thematic asset manager @PPLongport]

Today: up 48% YTD is the PPLong portfolio in 2026

+42% YTD at end of April
Indexes are running around 6%
We're 7x the market in 2026
We 5x'd the market in 2025
This is real alpha