Historical review / September 4, 2026
2026 Portfolio Review
A percentage-only summary of the supplied personal investment review. Performance and allocation snapshots remain separate measures.
Performance
| Total-account return | +16.65% |
|---|---|
| Return on invested capital | +31.63% |
| S&P 500 total return, as reported | +13.55% |
| Reported benchmark difference | +3.10 pp |
| Average cash weight, as reported | ≈47% |
Composition of the total gain
| Realized share | 44.83% |
|---|---|
| Unrealized share | 55.17% |
Each percentage is a share of the combined gain, not a return on capital. Unrealized outcomes use the September 4, 09:48 PT pre-liquidation snapshot.
Contribution by sleeve
| AI & semis | 56.0% |
|---|---|
| Mega-cap tech | 15.2% |
| Index & income | 12.6% |
| Healthcare · UNH | 10.0% |
| Fintech · HOOD | 7.3% |
| Hedge · GLD | −2.2% |
Shares of the total gain as reported in the source. Rounding means they may not sum to exactly 100%.
Review notes
Some of the strongest percentage returns came from smaller positions. The review treats position sizing as a separate decision from security selection.
Daily-reset leveraged ETFs featured in the portfolio. Their holding-period outcomes do not simply equal twice the underlying return.
The review records approximately 47% average cash weight and a move to 100% cash by September 4 close, ahead of the CPI and FOMC window.
Methodology
The supplied review reconstructs realized results from timestamped trades priced against 9-minute intraday bars. Unrealized results come from brokerage screenshots at September 4, 2026, 09:48 PT. Total-account and invested-capital returns use different denominators.
The contribution schedule needed for a valid time-weighted return was unavailable. Sharpe and beta are not stated. The benchmark difference is an arithmetic comparison, not risk-adjusted alpha. Position-return figures that differ between the review and quarterly charts are not combined.
Source: supplied 2026 Portfolio Review, slides 1–3. Realized and unrealized gain shares were calculated from its underlying composition data and rounded to two decimal places. This public adaptation contains percentages only.