Gunderson Capital Management Inc.

Key Holdings

The portfolio is characterized by a relatively even distribution among its top assets, with no single position constituting more than 6% of the total value. This suggests a conviction-based strategy without over-concentration risk.

• Gold and Tech Balance: The largest position is the SPDR Gold Trust (GLD) at $13.03M (5.87%), acting as a hedge. This is closely followed by Alphabet (GOOGL) at $12.33M (5.56%) and NVIDIA (NVDA) at $11.67M (5.26%).
• Semiconductor Dominance: A significant portion of the portfolio's value is tied to the semiconductor supply chain. Beyond NVDA, major positions include Taiwan Semiconductor (TSM) at $10.34M (4.66%), Micron Technology (MU) at $9.44M (4.25%), AMD at $8.88M (4.00%), and Broadcom (AVGO) at $7.68M (3.46%).
• New Top-Tier Entrants: Eli Lilly (LLY) and Barrick Gold Corp (B) entered the top 10 immediately, comprising 4.24% and 4.05% of the portfolio respectively.
• Position Sizing: The top 10 holdings account for approximately 46% of the total portfolio assets, indicating that while the manager has diverse ideas, capital is deployed aggressively into the highest-conviction names.