2026-08-28 20:15

2026-08-28 eod

no trades today. book static since 08-27. reconciled snapshot fresh against risk policy — no breaches, no stop-loss triggers, no settlement flags.

stop-loss review threshold live: -2000bps. deepest detractor on unrealized: googl -251bps (about 1/8 to review line, no trigger), pep -232bps, etn -205bps, hd -174bps. none approaching the gate.

perfstate 08-28: fund ytd +350.31bps, spy +1290.17bps, excess -939.86bps, gap to target -1439.86bps, te 1367.53bps, 125d left. since last meeting fund -7bps vs spy -24.5bps, excess +17.5bps — small daily win, book still behind. no closing-gap mode active.

beta 0.9058 on the 0.90 floor, 7bps room. cash 1.71% sub the 2% floor since 06-25 (recurring, unfunded drift). count 15 vs 18 min-holdings floor. top-5 76.34% structural. no new risk flags.

three standing uncured: cash sub-floor, count under min-holdings, top-5 over the 22% cap on spy alone (structural, not breach). all pre-existing. no opinion on any name.

2026-08-28 20:15

2026-08-28 eod

no trades today. book static since 08-27. reconciled snapshot fresh against risk policy — no breaches, no stop-loss triggers, no settlement flags.

stop-loss review threshold live: -2000bps. deepest detractor on unrealized: googl -251bps (about 1/8 to review line, no trigger), pep -232bps, etn -205bps, hd -174bps. none approaching the gate.

perfstate 08-28: fund ytd +350.31bps, spy +1290.17bps, excess -939.86bps, gap to target -1439.86bps, te 1367.53bps, 125d left. since last meeting fund -7bps vs spy -24.5bps, excess +17.5bps — small daily win, book still behind. no closing-gap mode active.

beta 0.9058 on the 0.90 floor, 7bps room. cash 1.71% sub the 2% floor since 06-25 (recurring, unfunded drift). count 15 vs 18 min-holdings floor. top-5 76.34% structural. no new risk flags.

three standing uncured: cash sub-floor, count under min-holdings, top-5 over the 22% cap on spy alone (structural, not breach). all pre-existing. no opinion on any name.

2026-07-24 eod

no trades today. book static since 07-23. reconciled snapshot fresh against risk policy — no breaches, no stop-loss triggers, no settlement flags.

stop-loss review threshold live: -2000bps. deepest detractor on unrealized: pep -539bps (about 1/4 to review line, no trigger), cme -299bps, googl -1006bps, fdx -269bps, etn -174bps. googl at -1006bps is the only name approaching half the threshold — still 1000bps from review line. none tripping the gate.

perfstate 07-24: fund ytd -157.48bps, spy +840.74, excess -998.22bps, gap to target -1498.22, te 1218.05, 160d left. since last meeting fund +14.7bps vs spy +5.6bps, excess +9.2bps — small daily win, book still behind. no closing-gap mode active.

beta 0.9081 on the 0.90 floor (no distance to band). cash 1.80% sub the 2% floor since 06-25 (recurring, unfunded drift). count 15 vs 18 min-holdings floor. top-5 76.18% over the 22% cap on spy alone (structural, not breach). no new risk flags.

three standing uncured, none new: cash sub-floor, count under min-holdings, top-5 structural overage. all pre-existing. no opinion on any name.

2026-07-22 eod

no trades today. book static since 07-20 #90 cme close + hd 2.5% add (both legs settled clean t+1). reconciled snapshot fresh against risk policy — no breaches, no stop-loss triggers, no settlement flags.

stop-loss review threshold live: -2000bps. deepest detractor on unrealized: pep -608bps (about 1/3 to review line, no trigger), cme -530, googl -378, fdx -103, etn -105, hd -99. none approaching the gate.

perfstate 07-22: fund ytd -51.04bps, spy +979.74, excess -1030.78, gap to target -1530.78, te 1160.95, 162d left. since last meeting fund +50bps vs spy +80.4bps, excess -30.5bps — small daily slip, book still behind. no closing-gap mode active.

beta 0.9106 on the 0.90 floor, 106bps room. cash 1.78% sub the 2% floor since 06-25 (recurring, unfunded drift). count 15 vs 18 min-holdings floor. top-5 76.24% structural. no new risk flags.

three standing uncured: cash sub-floor, count under min-holdings, top-5 over the 22% cap on spy alone (structural, not breach). all pre-existing. no opinion on any name.

2026-07-22 eod

no trades today. book static since 07-20 #90 cme close + hd 2.5% add (both legs settled clean t+1). reconciled snapshot fresh against risk policy — no breaches, no stop-loss triggers, no settlement flags.

stop-loss review threshold live: -2000bps. deepest detractor on unrealized: pep -608bps (about 1/3 to review line, no trigger), cme -530, googl -378, fdx -103, etn -105, hd -99. none approaching the gate.

perfstate 07-22: fund ytd -51.04bps, spy +979.74, excess -1030.78, gap to target -1530.78, te 1160.95, 162d left. since last meeting fund +50bps vs spy +80.4bps, excess -30.5bps — small daily slip, book still behind. no closing-gap mode active.

beta 0.9106 on the 0.90 floor, 106bps room. cash 1.78% sub the 2% floor since 06-25 (recurring, unfunded drift). count 15 vs 18 min-holdings floor. top-5 76.24% structural. no new risk flags.

three standing uncured: cash sub-floor, count under min-holdings, top-5 over the 22% cap on spy alone (structural, not breach). all pre-existing. no opinion on any name.

2026-07-21 16:00

2026-07-21 eod

no trades today. book static since 07-20 #90 cme close + hd 2.5% add (both legs settled clean t+0/t+1, marked). reconciled snapshot fresh against risk policy — no breaches, no stop-loss triggers, no settlement flags.

stop-loss review threshold live: -2000 bps. deepest detractor on unrealized: cme -981 bps (about halfway to review line, no trigger), pep -653, fdx -282, googl -233, etn -201. none approaching the gate.

perfstate 07-21: fund ytd -57.3 bps, spy +982.3, excess -1039.6, gap to target -1539.6, te 1174.4, 163d left. since last meeting fund +43.7 vs spy +82.8, excess -39.1bps — small daily slip, book still behind. no closing-gap mode active.

beta 0.9111 on the 0.90 floor, 111bps room. cash 1.78% sub the 2% floor since 06-25 (recurring, unfunded). count 15 vs 18 min-holdings floor. top-5 76.35% structural (spy at 65.23% is the anchor). no new risk flags.

three standing uncured: cash sub-floor, count under min-holdings, top-5 over the 22% cap on spy alone (structural, not breach). all pre-existing. no opinion on any name.

2026-07-21 16:00

2026-07-21 eod

no trades today. book static since 07-20 #90 cme close + hd 2.5% add (both legs settled clean t+0/t+1, marked). reconciled snapshot fresh against risk policy — no breaches, no stop-loss triggers, no settlement flags.

stop-loss review threshold live: -2000 bps. deepest detractor on unrealized: cme -981 bps (about halfway to review line, no trigger), pep -653, fdx -282, googl -233, etn -201. none approaching the gate.

perfstate 07-21: fund ytd -57.3 bps, spy +982.3, excess -1039.6, gap to target -1539.6, te 1174.4, 163d left. since last meeting fund +43.7 vs spy +82.8, excess -39.1bps — small daily slip, book still behind. no closing-gap mode active.

beta 0.9111 on the 0.90 floor, 111bps room. cash 1.78% sub the 2% floor since 06-25 (recurring, unfunded). count 15 vs 18 min-holdings floor. top-5 76.35% structural (spy at 65.23% is the anchor). no new risk flags.

three standing uncured: cash sub-floor, count under min-holdings, top-5 over the 22% cap on spy alone (structural, not breach). all pre-existing. no opinion on any name.

2026-07-17 eod

no trades today. book static since the 07-16 gild add (#84). reconciled clean against snapshot — nothing to work, no fills, no rejects, no breaks.

book: nav $995,433.68, 14 names, spy 903.572 sh @ 742.96 mark = $671,318, 67.44% weight. cash $17,328.78 / 1.74%. gross mkt value $978,105. total unrealized -$4,566, realized -$4,529.

stop-loss review number pulled live: -2000bps. deepest detractors on unrealized: cme -6.43% (~643bps, ~1357 off the line), pep -5.06%, fdx -3.50%, etn -2.73%, spy -1.79%, xom -0.81%. none tripped, none near. cme still the worst active detractor after spy (-12.5bps active) — the recycle daniel's owed since 06-18, still blocked at the min-holdings floor.

settlements: #84 gild +71.24 / spy -12.62 legs cleared t+1, no fails. nothing i'd be flagging on a real broker.

perfstate 07-17: fund ytd -82.1bps, spy +904.88, excess -986.98, gap to target -1486.98, te 1163.3, 167d left. since last meeting fund -95.4 vs spy -103.4, excess +8bps — gs (-2.76%), v (-1.8%), msft (-1.82%) the day's detractors; etn/xom/bmy the offset. book behind, nothing broken.

three standing uncured, none new: cash 1.74% sub the 2% floor since 06-25 (recurring drift, gild add came out of cash and the spy trim didn't rebuild the residual back over 2%); count 14 vs 18 min-holdings floor; top-5 78.61% over the 22% cap on spy alone. beta 0.9101 sitting on the 0.90 floor, 101bps room. no opinion on any name.

2026-07-16 eod

#84 gild add basket printed and reconciled against snapshot. gild +71.243652 @ 133.5368 (+6.13bps), funded spy -12.617339 @ 754.0139 (+6.84bps). notional-weighted slippage +6.5bps, one-tick as sized, both legs full, no residual.

gild now 150.65 sh, 2.04% weight, +5.97%. book: nav $1,004,747, 14 names, spy 67.52% ($678,411 mark @ 750.81), cash 1.72% / $17,329.

checked stop-loss review number live — it's -2000bps, not from memory. cme -684bps deepest detractor, ~1316 off the line. pep -346, etn -364, fdx -190, xom -175 next. none tripped, none near.

standing un-cured, none new: cash sub the 2% floor since 06-25 — the gild add came out of cash so it sat further under, spy trim leg didn't rebuild the residual back over 2%. this is the recurring cash-floor drift; will keep flagging. count 14 vs 18. top-5 78.89% over the 22% cap on spy alone. beta 0.9129 on the 0.90 floor, 129bps room.

perfstate 07-16: fund ytd +10.7bps, spy +1020.1, excess -1009.4, gap to target -1509.4, te 1149.94, 168d left. nothing broken, book behind. no settlements failing — #84 legs t+0 today, t+1 next session. no opinion on any name.

2026-07-16 meeting — #84 gild resize, target and funding both unresolved

cme close vetoed on min-holdings (13 vs 18 floor) — full close drops count. daniel re-filed as #84 gild resize instead: an add doesn't touch the count floor.

live gild: 79.406838 sh @ mark 131.70, 1.04% weight, +6.03%, +5.9bps active, b0.332 — smallest active name, running half its earned weight per daniel/margaret.

two open questions i flagged before working anything: 1. target mismatch — agenda item says gild->2.0%, daniel #84 says 2.5%. need the working number. 2. funding — cash is 1.72% / $17.3k, already ~28bps sub the 2% floor since 06-25. an add sourced from cash pushes it further under. iris ran the gate clean (zero breaches) so presumably she's treating it as fundable, but the cash floor math says otherwise unless there's a spy-trim funding leg. asked what funds it.

sizing: gild volume 4.5-10.7M sh/day, ~4.5M yesterday. to 2.5% is +~110 sh ~$14.6k, to 2.0% +~73 sh ~$9.6k. either is a nothing-order, market at open, one-tick, no slippage. no opinion on the name. book static since 07-09.