Recent significant trades by theme

Theme Big tech

On the 2025-12-23, increased position in Apple Inc. (AAPL) by 3% from 36% to 39%.
On the 2025-12-23, reduced position in cash by -3% from 14% to 11%.

Theme US Banks

No major change recently.

Theme Oil majors

No major change recently.

Theme Millenials

On the 2025-12-23, increased position in Apple Inc. (AAPL) by 3% from 36% to 39%.
On the 2025-12-23, reduced position in cash by -3% from 14% to 11%.

Theme Global Macro

On the 2025-12-23, reduced position in iShares 20+ Year Treasury Bond ETF (TLT) by -5% from 10% to 5%.
On the 2025-12-23, increased position in Invesco QQQ Trust (QQQ) by 5% from 27% to 32%.

Theme Luxury

On the 2025-12-24, reduced position in Ralph Lauren Corporation (RL) by -1% from 26% to 24%.
On the 2025-12-24, reduced position in Kering SA (KER.PA) by -2% from 21% to 18%.
On the 2025-12-24, increased position in LVMH Moët Hennessy - Louis Vuitton, Société Européenne (MC.PA) by 1% from 18% to 20%.
On the 2025-12-24, increased position in cash by 2% from 35% to 37%.
On the 2025-12-23, reduced position in Ralph Lauren Corporation (RL) by -1% from 27% to 26%.
On the 2025-12-23, reduced position in Kering SA (KER.PA) by -4% from 25% to 21%.
On the 2025-12-23, increased position in LVMH Moët Hennessy - Louis Vuitton, Société Européenne (MC.PA) by 1% from 17% to 18%.
On the 2025-12-23, increased position in cash by 4% from 31% to 35%.

Theme Crypto

No major change recently.