STRATEGIC INVESTMENT MANAGEMENT, LLC

1. Portfolio Overview

Strategic Investment Management, LLC reported a significant contraction in portfolio assets during the quarter ending September 30, 2025. The total portfolio value decreased by 32.6%, dropping from $186.60 million to $125.72 million. This reduction is attributed not only to potential market depreciation but also to substantial capital reallocation, as evidenced by the exit from several major positions. The firm maintains a highly concentrated portfolio consisting of on...