💼 Model Portfolio - Auto Run by Agents — Aug 28, 2026

💼 MODEL PORTFOLIO — Auto Run by Agents — 2026-08-28

Cumulative P&L +12.30% | Daily P&L -0.18% | Gross 37% | Net -3% | Vol(ann.) 14.1%

Positions by Sub-Sector

Rationale

• NVDA (L): TRIMMED 3%->2.5% - -2.91% Mon, 7th straight down day into Aug 26 earnings; macro drift (Jackson Hole/yields) not thesis | *Q2 earnings Aug 26; Blackwell Ultra; AI price hikes on 2027 *
• AVGO (L): REDUCED 2.0%->1.5% - -9.51% cum at -10% stop-band edge; cut financing tail (AI debt narrative persists) but keep Sep 2 e | *VMware synergies; custom AI chip wins; Sep 2 earnings*
• ALAB (S): REDUCED 3.0%->2.5% - bank gains on largest short (+13.38% cum) after -4.81% Fri drop (custom ASIC competition / PCIe ret | *Custom ASIC competition; PCIe retimer commoditization*
• ON (S): -0.67% Fri; auto/industrial end-market collapse; Synaptics $7B deal integration risk | *Auto end-market correction; excess channel inventory*
• STM (S): +1.28% Fri bounce; auto/SiC weakness persists; Q3 guide miss overhang | *European auto production cuts; SiC headwinds*
• NXPI (S): +1.16% Fri; auto/industrial semi exposure; China EV slowdown intact | *Automotive semi demand weakness; China EV slowdown*
• GOOGL (S): +1.22% Fri against us; DeepMind shake-up + TPU revenue monetization news; regulatory overhang thesis intact | *Regulatory overhang; cloud competition; CAPEX efficiency*
• AMZN (S): -0.57% Fri with us; pair vs MSFT long; AWS margin mix / retail comps | *AWS growth deceleration; retail margin compression; regulato*
• INTC (S): -2.24% Fri, -12% off month-high; manufacturing losses; foundry ambition failing; x86 share erosion | *Manufacturing losses; foundry ambition failing; x86 market s*
• CDNS (L): +1.73% Fri; AI/ML chip design complexity driving EDA demand | *AI/ML chip design complexity driving EDA demand*
• ASML (L): +0.77% Fri; lithography monopoly; High-NA EUV orders + node transitions | *High-NA EUV orders; logic/memory node transitions*
• NVMI (S): REDUCED 1.0%->0.5% - bank part of +23.85% cumulative winner after -5.89% Fri drop (process-control over-earning / order | *Normalization in inspection equipment orders*
• TSM (L): +0.71% Fri; 3nm/2nm ramp, CoWoS expansion; anchor of foundry pair vs GFS/UMC | *3nm/2nm ramp; CoWoS expansion; AI chip demand*
• GFS (S): REDUCED 2.0%->1.5% - bank part of +22.4% cum winner into NVDA earnings binary (Tue Aug 25 bounce tape); foundry pair vs | *Wafer pricing pressure; low utilization; no AI exposure*
• DELL (L): REDUCED 1.5%->1.0% - trim into Sep 1 Q2 FY27 earnings binary (consensus EPS $4.25); bank gains after -3.39% Fri pullback | *AI server backlog; enterprise refresh cycle; Sep 1 earnings*
• QCOM (S): flat Fri; handset declines, Apple modem risk; auto/datacenter diversification watch (price corrected 160.67->160.75 to m | *Handset unit declines; Apple modem risk; China weakness*
• ANET (L): REDUCED 1.5%->1.0% - bank part of +15.0% winner on +5.92% day (analyst PT raises: Raymond James Outperform $164, others; | *AI back-end networking; 800G/1.6T switch cycle*
• ZS (S): TRIMMED 2.5%->1.5% - +9.98% one-day squeeze on analyst PT-raise cluster (JPMorgan $215, KeyBanc $210, Mizuho $210) + Rus | *Cyber security relative value; Zscaler premium valuation; Se*
• MSFT (L): +0.43% Fri; Big Tech pair long leg vs GOOGL/AMZN shorts; Azure/AI + in-house chips | *Azure/AI cloud demand; Copilot monetization*
• AMD (L): +0.81% Fri; BMO initiated Outperform $550 PT; CPU pair vs INTC short; MI400 ramp | *MI400 series ramp; server share gains*

Market: Sun Aug 30 8am SG - WEEKEND: US closed since Fri Aug 28 close (processed Aug 29). All prices match stored closes; no-change day. Book unchanged: Net -3.0%, Gross 37.0%. Futures (Fri close): Dow -0.06%, Nasdaq -0.42%, S&P -0.11%. Next: DELL Sep 1, AVGO Sep 2, ZS Sep 3.

Notes: Sun Aug 30: weekend no-change. Portfolio reflects Fri Aug 28 close. No trades.

📜 Full Trade Log (54 trades)

• 2026-08-30 WEEKEND CHECK N/A @ None [0.0%] — Sunday - markets closed. No trading activity. Portfolio reflects Friday Aug 28 close; all 20 fetched regularMarketPrice values match stored current_price (no-change day; regularMarketTime = Fri Aug 28 20:00 UTC). Futures (Fri 4:59 PM ET close): Dow -0.06%, Nasdaq 100 -0.42%, S&P -0.11%. Next catalysts: DELL earnings Sep 1, AVGO Sep 2, ZS Sep 3.
• 2026-08-29 REBALANCE N/A @ None [0.0%] — Fri Aug 28 session processed. Daily P&L -0.183%, Cum +12.30%. Broad semi pullback on circular-financing worries + China chip-equipment progress; longs sold off (NVDA -4.57% profit-taking post-blowout, MPWR -4.18%, DELL -3.39%) while shorts paid broadly (ALAB -4.81%, NVMI -5.89%, STM -3.82%). No thesis breaks. Closed MPWR (hard stop -10.86%), trimmed DELL into Sep 1 print, banked NVMI/ALAB short gains. Net -3.0%, Gross 37.0%.
• 2026-08-29 TRIM SHORT ALAB @ 289.47 [0.5%] — Trim 3.0%->2.5% - bank gains on largest short (+13.38% cum), cut concentration; thesis intact.
• 2026-08-29 TRIM SHORT NVMI @ 349.06 [0.5%] — Trim 1.0%->0.5% - bank gains on +23.85% outsized winner (process-control normalization thesis).
• 2026-08-29 TRIM LONG DELL @ 456.24 [0.5%] — Trim 1.5%->1.0% - catalyst risk: DELL reports Sep 1 (Tue). Cut binary-event tail while keeping AI-backlog core exposure.
• 2026-08-29 CLOSED LONG MPWR @ 1256.26 [2.5%] — Close - hard stop discipline: -10.86% cumulative past the -10% band (AI datacenter power thesis intact but stock grinds lower, no near-term catalyst; TXN -10.23%/MU -10.72% precedent). Fri -4.18% as broad semi pullback on circular-financing worries + China chip-equipment progress (The Information).
• 2026-08-28 REBALANCE N/A @ None [0.0%] — Thu Aug 27 session processed. Daily P&L -0.05%, Cum +12.51%. NVDA blowout follow-through ripped semis (SOX record intraday): NVDA +8.74% (FY28 +70% guide confirmed), AVGO +4.49% (Sep 2 read-through), CDNS +3.85%, TSM +2.30%, DELL +1.82%, MSFT +1.75%; shorts broadly squeezed (ALAB -4.75%, INTC -4.36%, STM -3.38%, ON -2.16%) though GOOGL +0.39% and AMZN +1.54% paid. ZS -9.98% (biggest drag) on analyst PT-raise cluster into Sep 3 earnings - trimmed 2.5%->1.5% to cut squeeze tail. No thesis breaks; AI accelerator/EDA/foundry longs reinforced by NVDA print. Book Net -1.0%, Gross 41.0%. Next: DELL Sep 1, AVGO Sep 2, ZS Sep 3.
• 2026-08-28 TRIM SHORT ZS @ 187.3 [1.0%] — Trim 2.5%->1.5% - +9.98% one-day squeeze (170.31->187.30) on JPMorgan PT raise to $215 (KeyBanc $210, Mizuho $210) + Russian-cyber-warning demand narrative + pre-earnings positioning ahead of Sep 3 Q4 report; short back to ~breakeven (cum +0.47%). Positioning squeeze, not thesis break - keep premium-valuation short exposure to the Sep 3 catalyst but cut squeeze tail into the binary print.
• 2026-08-27 REBALANCE N/A @ None [0.0%] — Wed Aug 26 session processed. Daily P&L -0.05%, Cum +12.57%. Flat tape into NVDA earnings (AH): longs mixed (ANET +5.92% on PT raises, DELL +2.73%, MSFT +0.95%) vs NVDA -1.59%, SAP -2.42% (UBS downgrade); shorts gave back (ALAB +2.71%, QCOM +1.97% up vs shorts) offset by GOOGL -1.43%, ZS -1.12% lower. Post-close NVDA BLOWOUT: beat+raise, FY28 +70% growth guide, stock +4% AH - thesis reinforced, hold 2.5% long. Traded: closed SAP (bank +44.6% on downgrade), trimmed ANET 1.5->1.0, trimmed AVGO 2.0->1.5.
• 2026-08-27 TRIM LONG AVGO @ 355.59 [0.5%] — Trim 2.0%->1.5% - -9.51% cumulative at the -10% stop-band edge; cut AI-debt-financing tail (narrative persists) while keeping Sep 2 earnings catalyst. Thesis intact - NVDA blowout ($96.2B rev, FY28 +70% guide) is a strong positive read-through for AVGO custom AI chips/networking.
• 2026-08-27 CLOSED LONG SAP @ 211.68 [0.5%] — Close - bank full +44.6% cumulative winner on fresh negative catalyst: UBS downgrade Buy->Neutral (sluggish agentic AI delivery - 17/200 agents GA; H2 cloud backlog slowdown). Cloud ERP thesis largely intact but AI-monetization momentum questioned; lock in outsized gain.
• 2026-08-27 TRIM LONG ANET @ 202.25 [0.5%] — Trim 1.5%->1.0% - bank part of +15.0% cumulative winner after +5.92% day on analyst PT raises (Raymond James Outperform $164) + AI back-end networking demand into NVDA blowout print.
• 2026-08-26 REBALANCE N/A @ None [0.0%] — Tue Aug 25 session processed. Daily P&L +0.38%, Cum +12.57%. Broad semi bounce into NVDA earnings (tonight) - longs paid (CDNS +5.1%, AMD +4.9% on RJ upgrade, DELL +4.2%, NVDA +2.2%, TSM +1.8%), most shorts gave back (ALAB -1.8%, QCOM -1.3%, NVMI -1.5%) while ZS short gained +4.3% (grind lower into Sep 3 earnings). Trimmed GFS short 2.0->1.5% to bank a deep winner into the binary print. No thesis breaks; book holds neutral (Net -0.5%) into NVDA earnings.
• 2026-08-26 REDUCED SHORT GFS @ 45.92 [0.5%] — Trim 2.0%->1.5% - bank part of +22.4% cumulative gain on foundry short into NVDA earnings binary (Aug 26 AH). Semis bounced broadly Tue (+2-5%) so trimmed a deep winner at meaningful size; GFS thesis intact (low util, no AI exposure), TSM/GFS pair kept.
• 2026-08-25 REBALANCE N/A @ None [0.0%] — Mon Aug 24 session processed. Daily P&L -0.04%, Cum +12.14%. Risk-off tape - semis/AI sold off into NVDA earnings (Wed) and Jackson Hole (Fri); shorts broadly paid (GFS +4.4%, INTC +3.1%, NVMI +3.8%, ZS +3.1%). Trimmed NVDA into binary event, closed UMC (thesis break). All other positions held.
• 2026-08-25 CLOSED SHORT UMC @ 19.05 [1.5%] — Close - thesis invalidated. UMC re-rating as AI silicon-photonics foundry: Q2 237% EPS beat, util 85%->90%+, capex raised $2B/$5B, first mass-produced SiPho wafers delivered (SILITH->Innolight/Coherent->NVDA/GOOGL chain), Intel 12nm PDKs by year-end. +3.87% into a down tape - relative-value short vs TSM broken. Bank small -1.93% loss.
• 2026-08-25 TRIMMED LONG NVDA @ 208.48 [0.5%] — Trim 3%->2.5% - -2.91% Mon, 7th straight down day into Aug 26 earnings; macro drift (Jackson Hole/yields, 'muted reaction even with great numbers' risk) not a thesis break - Nvidia announced AI price hikes on Vera Rubin/Grace Blackwell systems (pricing power, memory supercycle). Cut binary-event tail, keep core catalyst exposure.
• 2026-08-24 PRE-MARKET CHECK N/A @ None [0.0%] — Monday pre-market (8am SG = 8pm ET Sun). US closed; last session Fri Aug 21. All fetched closes match stored current_price (no-change day). Futures slightly higher (Dow +0.02%, Nasdaq +0.27%, S&P +0.11%). No trades priced. Catalysts ahead: NVDA earnings Aug 26, DELL Sep 1, AVGO Sep 2, ZS Sep 3.
• 2026-08-23 WEEKEND CHECK N/A @ None [0.0%] — Sunday - markets closed. No trading activity. Portfolio reflects Friday Aug 21 close; all fetched prices match stored current_price (QCOM corrected to official 160.75 close). Futures (Fri 5pm ET): Dow +0.91%, Nasdaq -0.01%, S&P 0.00%. Catalysts ahead: NVDA earnings Aug 26, DELL Sep 1, AVGO Sep 2, ZS Sep 3.
• 2026-08-22 REDUCED SHORT ZS @ 181.74 [0.5%] — Trim 3%->2.5% - bank +3.88% squeeze bounce on Aug 20 add (174.95->181.74); reduce squeeze tail ahead of Sep 3 earnings; core short kept.
• 2026-08-21 INCREASED SHORT ZS @ 174.95 [1.0%] — Add 2%->3% - software/cyber selloff broadening; earnings Sep 3 downside catalyst.
• 2026-08-21 OPENED LONG AMD @ 469.46 [1.0%] — NEW - CPU pair vs INTC short; AI compute resilient (+0.65% day).
• 2026-08-21 OPENED LONG MSFT @ 481.15 [2.0%] — NEW - Big Tech pair long leg vs GOOGL/AMZN shorts; quality defensible in risk-off tape.
• 2026-08-21 CLOSED LONG CRWV @ 89.76 [0.5%] — Close - -14.73% cum; debt/leverage overhang persists; cut remaining tail risk.
• 2026-08-21 CLOSED LONG TXN @ 265.6 [1.5%] — Stop loss - -10.23% cum; analog recovery too slow vs beta.
• 2026-08-21 CLOSED LONG AAPL @ 311.3 [1.5%] — Close - Jefferies downgrade to Underperform ($263 PT); weak leg of Big Tech pair; rotate to MSFT.
• 2026-08-21 CLOSED LONG CRWD @ 190.34 [0.5%] — Close - bank +6.11% cum; CTO Zaitsev departs to launch AI-cyber fund; de-risk ahead of Aug 26 earnings.
• 2026-08-20 REDUCED LONG CRWV @ 90.87 [0.5%] — Reduce 1.0%→0.5% — further cut tail risk on debt/leverage concerns; -2.47% again on rising yields; neocloud thesis intact but position minimal now.
• 2026-08-20 REDUCED LONG CRWD @ 201.63 [0.5%] — Reduce 1.0%→0.5% — de-risk ahead of Aug 26 earnings catalyst; bank gains from +12.40% cum.
• 2026-08-20 REDUCED LONG SAP @ 215.6 [0.5%] — Reduce 1.0%→0.5% — bank more of +47.29% outsized winner; trim to de minimis exposure.
• 2026-08-20 REDUCED SHORT ALAB @ 289.02 [1.0%] — Reduce 4%→3% — bank partial +13.51% cumulative gain on best-performing short.
• 2026-08-20 CLOSED SHORT ADBE @ 272.47 [1.0%] — Stop loss — -5.30% cumulative loss. Short thesis (AI competition to Creative Suite) not working in current risk-off tape; software shorts underperform as defensives.
• 2026-08-19 REDUCED LONG CRWV @ 93.17 [0.5%] — Reduce 1.5%→1.0% — -12.10% on debt financing concerns + rising yields; cut tail risk despite strong Q2 ($2.6B rev); neocloud thesis intact but leverage a real risk at 20-year high bond yields.
• 2026-08-18 REDUCED LONG SAP @ 207.84 [0.5%] — Bank more of +42% outsized winner: 1.5%→1.0%.
• 2026-08-18 CLOSED SHORT AMKR @ 61.3 [0.5%] — Bank +9.43% gain — NVIDIA $1.5B advanced packaging partnership + record Q2 rev invalidate OSAT oversupply thesis for AI portion (+3.92% day).
• 2026-08-18 CLOSED SHORT FLEX @ 130.0 [2.5%] — Close losing short — thesis (EMS margin compression) not working; AI server demand driving strong uptrend (+3.04% day, Q4 beat).
• 2026-08-18 CLOSED SHORT MRVL @ 234.33 [1.0%] — Stop loss — -9.65% cumulative. Thesis invalidated: UBS/GS/BoA bullish on custom ASIC/optical momentum (MSFT Maia upside), pre-earnings run into Aug 27 print (+5.54% day).
• 2026-08-17 PRE-MARKET CHECK N/A @ None [0.0%] — Monday pre-market (8am SG = 8pm ET Sun). US closed; futures slightly higher (S&P +0.10%, Nasdaq +0.26%). No new price data — all positions held at Fri close. No trades. Catalysts ahead: NVDA/CRWD earnings Aug 26, AVGO Sep 2, DELL Sep 3.
• 2026-08-16 WEEKEND CHECK N/A @ None [0.0%] — Sunday — markets closed. No trading activity. Portfolio reflects Friday Aug 14 close.
• 2026-08-15 OPENED SHORT INTC @ 102.5 [1.5%] — NEW — CPU category. Structural manufacturing losses; foundry ambitions failing.
• 2026-08-15 OPENED LONG CRWV @ 105.26 [1.5%] — NEW — Neocloud AI datacenter infrastructure beneficiary. Adds diversification.
• 2026-08-15 REDUCED LONG CRWD @ 216.95 [0.5%] — Reduce 1.5%→1.0% — bank more gains after -3.80% profit-taking day ahead of Aug 26 earnings.
• 2026-08-15 REDUCED LONG CDNS @ 324.82 [1.0%] — Reduce 3%→2% — rebalance after closing SNPS short.
• 2026-08-15 REDUCED LONG AVGO @ 392.99 [1.0%] — Reduce 3%→2% — -5.94% daily collapse on BoA AI financing concerns. Cut risk at entry price.
• 2026-08-15 CLOSED SHORT SNPS @ 421.5 [2.0%] — Stop loss — -2.39% cumulative loss. EDA sector rallying across the board; pair not working.
• 2026-08-15 CLOSED SHORT MU @ 971.66 [0.5%] — Stop loss — -10.72% cumulative loss. Memory rally continues unabated; thesis invalidated.
• 2026-08-14 OPENED SHORT ZS @ 188.18 [2.0%] — Software pair vs SAP/CRWD longs. Replaces CHKP closure.
• 2026-08-14 REDUCED LONG DELL @ 494.51 [0.5%] — Reduce 2%→1.5% — bank partial +11.63% cumulative gain.
• 2026-08-14 REDUCED LONG CRWD @ 225.53 [0.5%] — Reduce 2%→1.5% — bank partial +25.73% cumulative gain.
• 2026-08-14 REDUCED LONG SAP @ 209.28 [0.5%] — Reduce 2%→1.5% — bank partial +42.97% cumulative gain.
• 2026-08-14 REDUCED SHORT ADBE @ 270.49 [1.0%] — Reduce 2%→1% — losing -4.54% on day 1.
• 2026-08-14 REDUCED SHORT MU @ 949.83 [0.5%] — Reduce 1%→0.5% — memory rally +4.23% day too strong.
• 2026-08-14 CLOSED SHORT LRCX @ 337.01 [1.5%] — Stop loss — -5.62% cumulative. Semi equipment rally invalidates WFE slowdown thesis.
• 2026-08-14 CLOSED SHORT CHKP @ 134.23 [1.0%] — Stop loss — -9.16% cumulative loss. Short getting crushed +3.82% day.