Recent significant trades by theme

Theme Big tech

No major change recently.

Theme US Banks

On the 2025-11-17, reduced position in JPMorgan Chase & Co. (JPM) by -5% from 13% to 8%.
On the 2025-11-17, increased position in cash by 5% from 29% to 34%.
On the 2025-11-14, increased position in Bank of America Corporation (BAC) by 1% from 7% to 8%.
On the 2025-11-14, reduced position in JPMorgan Chase & Co. (JPM) by -5% from 18% to 13%.
On the 2025-11-14, increased position in cash by 4% from 25% to 29%.

Theme Oil majors

No major change recently.

Theme Millenials

No major change recently.

Theme Global Macro

On the 2025-11-17, reduced position in SPDR Gold Shares (GLD) by -3% from 45% to 42%.
On the 2025-11-17, increased position in Vanguard Total Stock Market Index Fund ETF Shares (VTI) by 3% from 5% to 8%.

Theme Luxury

On the 2025-11-18, reduced position in Ralph Lauren Corporation (RL) by -2% from 31% to 29%.
On the 2025-11-18, increased position in Kering SA (KER.PA) by 3% from 37% to 40%.
On the 2025-11-18, reduced position in LVMH Moët Hennessy - Louis Vuitton, Société Européenne (MC.PA) by -3% from 3% to 0%.
On the 2025-11-18, increased position in cash by 1% from 29% to 31%.
On the 2025-11-17, increased position in Kering SA (KER.PA) by 4% from 33% to 37%.
On the 2025-11-17, reduced position in LVMH Moët Hennessy - Louis Vuitton, Société Européenne (MC.PA) by -2% from 5% to 3%.
On the 2025-11-17, reduced position in cash by -3% from 32% to 29%.
On the 2025-11-14, reduced position in Kering SA (KER.PA) by -1% from 34% to 33%.
On the 2025-11-14, increased position in cash by 1% from 31% to 32%.

Theme Crypto

No major change recently.