bhargav krishna

wanna be jack of all!

🏗 Builder @usecache
💰 Building a brokerage to manage large stock positions.
🚀 Diversify using exchange funds without a large tax bill

[bhargav krishna @ybbkrishna]

@MichLieben ads

[bhargav krishna @ybbkrishna]

@jordan_ross_8F OS

[bhargav krishna @ybbkrishna]

@asmah2107 Losing data should be ok

[bhargav krishna @ybbkrishna]

@asmah2107 Common problem in most order systems - best way to handle imo

1. Write rowId to kakfa
2. Write row to db

If 1 /2 failed return failure to client

Kafka processor
- check if the row exists on db and then process
- if no record after 2 retries spaced a min, skip it

[bhargav krishna @ybbkrishna]

@RobinhoodApp 🚀

[bhargav krishna @ybbkrishna]

@vanlancker @untitleddotnew Yes please

[Srikanth Narayan @srikanthatcache]

Honored to see Cache (@usecache) featured in @WSJ's Intelligent Investor by @jasonzweigwsj.

He highlights Cache’s role in the revival and modernization of exchange funds. Takeaway: “An ultraconcentrated position in a single stock becomes a low-cost, broadly diversified holding.”

For anyone sitting on a large single-stock position, this is essential reading.

https://t.co/kDpMgvnthG

[Srikanth Narayan @srikanthatcache]

📍Times Square! Thank you, @Nasdaq , for spotlighting our Series A. We’re grateful for the partnership to bring the first growth-oriented exchange fund to market.

Historically, exchange funds were built around broad market indices. But to create one, you need stocks from every sector, including stocks from sectors that might not have appreciated. And there isn't much need for tax-efficient diversification if your stock has barely moved or lost value.

The result? A structural mismatch. Holders of high-growth stocks were routinely turned away. Not because they weren’t eligible, but because the legacy model couldn’t balance them.

This created a massive bottleneck, and many advisors had sworn off exchange funds.

At @usecache, we saw an opportunity.

If most of the market’s gains over the past two decades have come from a handful of industries… Why not build an exchange fund designed for growth?

It was a simple idea. But a powerful one.

With our initial model, we’ve proven two things:

1. A growth-oriented exchange fund can balance supply and demand much better, creating faster matching and diversification.

2. The market wants an exchange fund built around a growth-index like the Nasdaq-100.

Thanks to the team at Nasdaq, who saw the promise early and bet on us with their support.

#ExchangeFund #Nasdaq #FundraisingNews #WealthManagement

--

Disclosure

Cache Advisors, LLC (Cache) is an investment adviser registered with the SEC, which advises the Cache Exchange Funds. Cache Exchange Funds are alternative investments available only to accredited investors or qualified purchasers. For more information on eligibility criteria and the difference between accredited investors and qualified purchasers, please visit our website. Investors should carefully review offering materials before investing. This post is not a recommendation to purchase META or any other security. Cache does not provide investment recommendations or consider individual financial objectives; investors are responsible for determining whether an investment is suitable for their needs. For additional information and important disclosures, please visit our website. Nasdaq and Cache are unrelated entities.

[Srikanth Narayan @srikanthatcache]

99% correlation. Tight alignment with the benchmarks.

Here’s how we rebuilt the exchange fund from the ground up.

Just a year ago, we launched our flagship exchange fund, UNIX, benchmarked to the Nasdaq‑100. Last month, we added Bedrock, benchmarked to the S&P 500.

Both funds have now achieved tight alignment with their benchmark — while continuing to onboard bi‑weekly.

Historically, that was one of the challenges associated with exchange funds.

Capacity was unpredictable. Tracking error was a concern. And most investors were not certain what they’d own at the end of the 7‑year hold.

We have rebuilt the model.

Index Sync lets us dynamically align to the Nasdaq‑100 or S&P 500 using ETFs to rebalance and prevent drift. It also lets us say “yes” to more of the stocks people actually hold.

The results (as of July 31st, 2025):

✅ UNIX (Nasdaq‑100): 0.99 realized correlation, with a beta of 1.06 indicating close alignment.

✅ Bedrock (S&P 500): Exposure to 700+ stocks, spread out across all major market sectors.

It’s proof that an exchange fund can be both tax‑efficient and benchmark‑precise.

Full results, description of terminology,  and methodology here: https://t.co/TBYSn2Lnew

Our next close is Aug 15th. Get started on our website.

Read disclosures on attached page and blog post.

[bhargav krishna @ybbkrishna]

@vladtenev @NikMilanovic Allow purchasing real gold card with points

[bhargav krishna @ybbkrishna]

Introducing a breakthrough innovation by Cache, an S&P 500 benchmarked exchange fund by Cache.

[Srikanth Narayan @srikanthatcache]

Today, we’re announcing one of the biggest upgrades to the exchange fund in over 70 years. Cache is launching an S&P 500 Exchange Fund that combines two powerful ideas in tax-efficient investing:

➕ Diversify without incurring taxes (Exchange Fund)
➕ Rebalance without incurring taxes (ETF)

We call this innovation Index Sync, and it will change how investors manage large stock positions.

Now, Cache Exchange Funds offer:
✅ Multiple benchmarks: S&P 500, S&P 500 Growth, Nasdaq-100
✅ Greater capacity (for in-demand stocks)
✅ Tighter benchmark tracking goals
✅ Onboarding every two weeks
✅ Receive diversified ETF
💰All at lower fees, from 0.40% - 0.95%

We’ve grown to $400M+ in assets in a year, trusted by well-known leaders in tech and finance. Why? Because traditional exchange funds have remained static, hard to access, unpredictable capacity, and outdated processes, while charging high fees.

Investors deserve better, and we made it our mission to build a modern brokerage for your large stock positions.

If you are sitting on a concentrated stock position or advising someone who does, this S&P 500 Cache Exchange Fund is built with you in mind.

👉 Take a deeper look: https://t.co/M21l98kiLZ

Proud to partner with @alphaarchitect to make the magic happen.

#taxefficientinvesting #exchangefunds #etfs #equitycomp #financialplanning #wealthmanagement #innovation

--
Important Disclosures:

Cache Advisors is an SEC-registered investment adviser to the Cache Exchange Funds, with $400M in gross AUM as of April 30, 2025. “Index Sync” refers to our strategy of making indirect investments in broad market-based ETFs sponsored by third parties instead of directly holding only contributed securities. Cache may partner with unaffiliated firms (such as ETF sponsors) for research, product development, or distribution; all investment decisions remain solely ours. Investments are accepted only from qualified investors who complete the confidential offering documents. Cache and Alpha Architect are independent companies. Cache offers no tax or legal advice, does not consider individual investor objectives, and makes no investment recommendations. For additional information and important disclosures, please visit our website.

[Srikanth Narayan @srikanthatcache]

We're proud to announce that the Cache Exchange Fund has surpassed $250M in assets just 8 months after launch! Our rapid growth reflects an important market need: helping professionals like you manage their concentrated stock positions.

Over the last two decades, stock compensation has accelerated among Fortune 500 companies, and their stocks have also soared. This has created a situation in which most of us have a majority of our wealth tied up in one or two stocks.

Concentration can build wealth (look at Nvidia’s 370x return in 10 years). But, concentration can also destroy wealth (consider the huge drawdowns that Snowflake and Crowdstrike had to endure this year). Become too concentrated, and you put your financial future in jeopardy.

Diversification is the only answer, but selling to diversify could incur a huge tax bill.

Enter Cache: We help you diversify your portfolio while deferring taxes. It’s called an Exchange Fund, and we are making it broadly accessible.

We’re pleased that leading tech and finance executives have adopted the Cache Exchange Fund into their financial plans. If you hold 1-2 stocks that make up most of your portfolio, now's the time to finish your 2024 financial planning.

Our next close is on Nov 15th. Get started on our website if you’d like to participate. https://t.co/Z7W1qnL2Hu

—

Assets refer to gross AUM as of November 6th, 2024. References to large upfront tax bills are intended to illustrate clients with long-term investments in highly appreciated stocks, such as some of the components of the NASDAQ-100 Index. Each investor's tax situation will be unique, so please consult your tax advisor about your situation. Securities are distributed by Cache Securities LLC, Member FINRA/SIPC. Cache Advisors LLC is the advisor to the Cache Exchange Fund and is an Investment Advisor registered with the SEC. Registration with the SEC does not imply a certain level of skill or training. Cache Securities and Cache Advisors are affiliated and under the common control of Cache Financials, Inc. Investing involves risk. Additional product information and disclosures are located on our website and disclosed in the product offering documents.

[bhargav krishna @ybbkrishna]

@ankurnagpal Interested

[bhargav krishna @ybbkrishna]

@HarryStebbings @rvivek Any specific reasons on why?

- Less dilution imo good for the company, founder, employees
- More resources inherently doesn't spoil (it's like saying born rich is a bad thing)
- I agree that it sets slightly delusional expectations - (we are in silicon valley 🤷‍♂️)

[bhargav krishna @ybbkrishna]

@parmita Naval is like silicon valley sadhguru

[bhargav krishna @ybbkrishna]

@ananya_birla humble opinion: the photographer might find his work meaningful too. Author assumes those not sharing his worldview lack meaning, placing himself and this book readers on a pedestal. While I align with his views, it’s up to each individual to decide what is meaningful for them.

[Srikanth Narayan @srikanthatcache]

Exchange funds have been accessible to the ultra-wealthy for generations, but 99%+ of the population has had no access or awareness. They help diversify large stock positions tax-efficiently. The tax code supports it, and authorities have acquiesced for 60+ years. There's an estimated $100B of contributions to exchange funds.

@usecache is democratizing exchange funds and other products used by the ultra-wealthy and making them broadly accessible. See how we can help at https://t.co/9CpA4qGLMz

Read our profile on @Bloomberg.

https://t.co/6qY2b7lDT5

[Bloomberg @business]

Soaring stock prices have turned thousands of tech workers into millionaires with holdings concentrated in a single company. A startup wants to connect them with a tool used by billionaires to diversify — and sidestep big tax bills. https://t.co/UhPrDsaApg

[bhargav krishna @ybbkrishna]

@bindra_dhruv @fullstory @Amplitude_HQ @mixpanel @posthog is pretty good.
easy to use and has all necessary features.