This is the monthly review of The Mispriced Portfolio.
The goal is not to explain every market move but to keep the portfolio process visible, consistent, and accountable.
I run a concentrated portfolio built from the same research process I publish here.
I invest my own capital alongside the research, and I usually keep the portfolio focused — typically around 15 positions.
Research Goal
Building a concentrated portfolio of liquid opportunities that can compound capital at attractive rates over the long term.
I look for a small number of positions where quality, valuation, expected return, and downside line up better than average.
The long-term target to build a process that can aim for 15%+ annualized returns over time.
Portfolio Snapshot
Since Nov 2025
True Time-Weighted Rate of Return: +36.4%
Return on Invested Capital: +15.3%
Realized Gains: +10.6%
IRR: +96.2%
Dividend Contribution: +1.05%
August Moves
BUY
NXP Semiconductors — $221.94
Deckers Outdoor — $85.60
Wavestone — €33.60
Cirrus Logic — $108.66
ADD
The Trade Desk — $13.50
NAPCO Security — $35.28
Nextpower — $89.59
BTCS — $1.45
TRIM
ResMed — $234.18
EXIT
Sanlorenzo — €38.44 — +29.0%
Anima Holding — €7.16 — +17.9%
Halozyme — $104.87 — +50.8%
Current Portfolio
15 holdings
