Quarterly Form 13F filings provide a snapshot of institutional investment holdings. While these filings are inherently backward-looking and subject to reporting delays, they represent a publicly available data point for assessing investor behavior. The recent filing reveals a notable shift in Duquesne’s portfolio allocation.
The latest evidence? Zootopia 2. Another $1.7 billion in the bank. It’s the top-grossing animated film of all time. Which, let’s be honest, is a bit terrifying. We’re handing over our disposable income to a cartoon bunny and fox. But hey, who am I to judge? It’s a solid investment, apparently. Disney’s 2025 total? $6.5 billion. Their third-best year ever. They’re practically printing money while the rest of us are debating avocado toast.
I’ve been lookin’ around, doin’ some diggin’, and I reckon there are five companies that are buildin’ something a bit more… substantial. These aren’t just gambles, they’re enterprises with real businesses, solid balance sheets, and the ability to weather a storm or two. If this quantum business doesn’t pan out exactly as promised—and let’s be honest, most of these grand schemes don’t—they’ve got other irons in the fire. I’m predictin’ these five will be worth more than IonQ in five years, and I’m not a feller known for bein’ wrong when it comes to a good investment.
He’s had some successes, you see. Shorting Lehman Brothers in 2007. Very impressive. Although, one can’t help but wonder if everyone was warning about Lehman Brothers, and he just happened to be the one who got the credit. It’s always the way, isn’t it? Anyway, since then, things haven’t been quite so stellar. A bit like my attempts at sourdough bread – a fleeting moment of triumph followed by a lot of dense, inedible disappointment.
These markets offer contracts, claims staked upon the unfolding of future events. A sophisticated form of wagering, perhaps, yet at its heart, it is the age-old impulse to divine the unknown, to lay a claim on destiny itself. From the outcome of elections to the ebb and flow of sporting contests, the future is offered up for sale, sliced into probabilities and traded like autumn leaves.
Nu, a Brazilian-born entity, has experienced a surge – a doubling, then a doubling again – in valuation over the past three years. The figure, 284%, is less a measure of growth than an invitation to consider the infinite regress of compounding. It operates within the vast, largely unmapped territories of Latin American finance, serving a population long excluded from the conventional banking systems. The author of the aforementioned treatise, a certain Dr. Alistair Finch, posits that such underserved markets are not merely opportunities, but echoes of a prior, more equitable arrangement – a financial Garden of Eden, if you will. The company’s recent performance – a 42% revenue climb, a 41% increase in net income – suggests a disciplined hand guiding these nascent fortunes. A business without branches, it seems, is a business unburdened by the weight of physical reality – a purely conceptual entity, existing as data within the network.
The question is, should you, a sensible investor, poke your nose into this bargain bin? Or is this a case of dazzling hype hiding a rather ordinary business? Let’s have a look-see, shall we?
You see, D-Wave isn’t building your ordinary, run-of-the-mill quantum computers. Those other chaps – Rigetti Computing (RGTI +2.82%) and IonQ (IONQ 0.23%) – they’re fiddling about with ‘gate-model’ quantum computing. A terribly precise business, involving tiny particles being shoved through little gates. Sounds exhausting, frankly.
And buy Ethereum it did, with a gusto that would have impressed even the most ardent collector of antique spoons. To such an extent, in fact, that it now holds a staggering 3.5% of all Ethereum in circulation. The largest corporate hoard, if you please! A circumstance which, naturally, warrants a closer inspection by any investor of discerning taste.
The initial offering was supposed to be around $30-$34 a share. Demand, apparently, was…enthusiastic. They ended up selling at the high end, $34, and for a brief, shimmering moment, the stock traded even higher, hitting $38.10. It felt…optimistic. Then reality, as it often does, set in. By the close of the day, York was trading below the IPO price, and as of this writing, it’s still there, hovering around $33.95. A broken IPO? Possibly. Or just…expensive.