This is an update as of Sunday 5th April, 2026 on the Glassmind “Model 5Y Portfolio” and updated with the “Thesis 2030 Portfolio” framework. Set up on October 1st, 2024 with an initial investment amount of £500,000. Currently standing at £591,120.74.
Here are the key portfolio metrics:
- Annualized Performance (Simple): 12:15%
- Compounded Annualized Growth (CAGR): 11.8%
- Portfolio Value: £591,120
- Initial Investment: £500,000
- QoQ Performance: –11.1%
What happened this quarter:
- Broad market correction due to Iran war
- Monetary debasement themes had a downward impact (Gold, Bitcoin), however I expect them to rally in the big print that likely follows these events.
- Defence and Energy investments did well as uncorrelated asset classes to the broad tech centred growth investments.
- Tech stocks and broad market indices suffered.
- Stronger conviction in the multi-polarity world view. I expect we will see huge defense budget increases in the west in the near future.
Not making any changes in the portfolio this quarter end.
What I expect out from the next quarter:
- Money supply increase – across western countries, to fund defence and growth obligations. This should show up in the Bitcoin and Gold prices in late Q3/Q4.
- Interest rates will stay high. I dont expect cuts due to supply side inflationary impacts from global conflict.
Broadly speaking, despite the downturn, I feel very positive about the portfolio. The energy and defence themes give some stability in these turbulent times, but the broad bet is on debasement and tech enabled innovation which seem like unstoppable forces.
There are a few stocks that I have my eye on that I might look for entry into – CRCL, HOOD, and increasing exposure to MSTR. But will hold for another quarter before I evaluate these moves.
See you next quarter.