Recent significant trades by theme

Theme Big tech

On the 2026-01-21, reduced position in Apple Inc. (AAPL) by -4% from 7% to 3%.
On the 2026-01-21, increased position in cash by 4% from 43% to 47%.

Theme US Banks

On the 2026-01-23, reduced position in Citigroup Inc. (C) by -4% from 25% to 21%.
On the 2026-01-23, increased position in cash by 4% from 46% to 50%.
On the 2026-01-22, increased position in U.S. Bancorp (USB) by 5% from 24% to 29%.
On the 2026-01-22, reduced position in Citigroup Inc. (C) by -4% from 28% to 25%.
On the 2026-01-21, increased position in U.S. Bancorp (USB) by 2% from 22% to 24%.
On the 2026-01-21, reduced position in Citigroup Inc. (C) by -4% from 33% to 28%.
On the 2026-01-21, increased position in cash by 3% from 43% to 46%.

Theme Oil majors

No major change recently.

Theme Millenials

On the 2026-01-21, reduced position in Lululemon Athletica Inc. (LULU) by -1% from 1% to 0%.
On the 2026-01-21, reduced position in Apple Inc. (AAPL) by -4% from 6% to 3%.
On the 2026-01-21, increased position in cash by 5% from 43% to 47%.

Theme Global Macro

No major change recently.

Theme Luxury

On the 2026-01-23, reduced position in Ralph Lauren Corporation (RL) by -2% from 39% to 38%.
On the 2026-01-23, reduced position in Kering SA (KER.PA) by -1% from 9% to 7%.
On the 2026-01-23, increased position in LVMH Moët Hennessy - Louis Vuitton, Société Européenne (MC.PA) by 2% from 11% to 13%.
On the 2026-01-23, increased position in cash by 1% from 40% to 42%.
On the 2026-01-22, reduced position in Kering SA (KER.PA) by -1% from 10% to 9%.
On the 2026-01-22, increased position in cash by 1% from 39% to 40%.
On the 2026-01-21, increased position in Ralph Lauren Corporation (RL) by 2% from 38% to 39%.
On the 2026-01-21, reduced position in Kering SA (KER.PA) by -3% from 13% to 10%.
On the 2026-01-21, reduced position in LVMH Moët Hennessy - Louis Vuitton, Société Européenne (MC.PA) by -2% from 13% to 11%.
On the 2026-01-21, increased position in cash by 3% from 36% to 39%.

Theme Crypto

No major change recently.