An investment club for four people who'd rather argue over the long-term thesis on a memory cycle than what to watch on a Tuesday night. Every trade is voted on. Every dollar is accounted for. The portfolio belongs to all of us.
Four equal voices. No silent partners, no fee-takers, no manager. Just people pooling research and capital.
Started the club after spending too many evenings reading 10-Ks. Currently obsessed with the HBM supply cycle. Pitches more proposals than anyone.
Dad. Reads the prospectus before voting. Brings the skepticism, the brokerage account, and the snacks on meeting nights.
Keeps the meeting notes, hounds people for their theses by deadline, and asks "what's the bear case?" until everyone hates her a little.
Quietest vote, sharpest sell instinct. Has caught two bad pitches and one bad chart. Currently lobbying for a position in defense tech.
Every position, every cost basis, marked at last close. Held in a single joint brokerage account. Updated after every executed trade.
| Position | Shares | Cost Basis | Last | Value | P/L |
|---|---|---|---|---|---|
|
VOO
Vanguard S&P 500 ETF · ballast
|
10 | $220.14 | $234.08 | $2,340.80 | +$139.40 |
|
AAPL
Apple Inc. · long-term
|
5 | $210.00 | $224.92 | $1,124.60 | +$74.60 |
|
MU
Micron Technology · memory cycle thesis
|
8 | $87.50 | $95.21 | $761.68 | +$61.68 |
|
ASML
ASML Holding · fractional
|
0.05 | $1,000.00 | $1,084.00 | $54.20 | +$4.20 |
|
— Cash
Idle, awaiting next vote
|
— | — | — | $65.72 | — |
| Total Portfolio Value | $4,247.00 | +$280.88 | |||
Every trade starts as a written thesis. Quorum is three. Voting closes at the start of the next meeting.
HBM demand from AI training is structurally outrunning supply through 2027. DRAM utilization is back above 90% and Micron has guided to record FY26 revenue. Proposing we add 6 shares (~$571) at any price under $100, sized to a max 25% portfolio weight. Bear case: a hyperscaler capex pause cuts orders mid-cycle.
Position is up 7% in three months and now sits near the top of its 52-week range with services growth softening. Proposing we trim 40% of the position and redeploy the proceeds into the cash bucket for opportunistic buys post-CES.
CrowdStrike has fully recovered from the July '24 outage, NRR back above 115%, and Falcon's platform consolidation story is intact. Proposing a 1-share starter ($350) to establish a stake we can scale into through 2026. Bear case: SentinelOne pricing pressure compresses margins.
Marked to market, fees and commissions netted, dividends reinvested. Every member sees the same number.
Modest, on purpose. The point isn't to beat the market in year one — it's to build the discipline of writing a thesis, voting it through, and living with the result.
Held the first Tuesday of every month. Attendance is mandatory. Voting closes when the meeting starts.
Six rules. Written before the first trade. Amendable only by unanimous vote.
No trade executes without three of four votes in favor. Tie votes fail. Silence is not consent — abstention counts as present but uncommitted.
$50 from each member, ACH'd to the joint account by the first of every month. Miss two in a row without notice and your vote is suspended until you're caught up.
No vibes-trading. Pitches submitted at least 48 hours before the meeting, with a bull case, a bear case, and a sizing recommendation. The Secretary archives every one.
All four members are signatories. Trades placed only after a vote passes, by the Treasurer. Statements distributed to all members within 72 hours of receipt.
A member leaving the club gives 30 days written notice. Their share is paid out at the next month's mark-to-market value, less their pro-rata of any unrealized gains tax.
Every member can see every position, every trade, every dollar, at all times. No private books. No carve-outs. No exceptions.