Ah, the fickle nature of fortune! It seems that, according to the wise sages of Polymarket, Bitcoin is now more likely to plunge below the abyss of $45,000 than to ascend to the celestial heights of $130,000 this year. Truly, a tale worthy of a tragicomedy!
Project Stargate, new pacts with Nvidia and Advanced Micro Devices – these are not simply business dealings, but declarations of intent. OpenAI and Anthropic aspire to be the very foundation upon which all things AI are built. A lofty ambition, wouldn’t you agree? One might even call it… presumptuous. But in this age of digital alchemy, presumption is often rewarded.
The arithmetic, as always, is frightfully dull. The weighted average purchase price, apparently $23.63, coinciding rather conveniently with the closing price on the 16th. A coincidence, I’m sure.
This initial position in Chime constitutes 1.8% of Brown’s 13F reportable assets. A small fraction, perhaps, but a foothold nonetheless. It is a reminder that these university endowments—those vast reserves accumulated over generations—are not inert funds, but active participants in the very systems they often study. The top holdings, as reported, paint a portrait of cautious diversification—or perhaps, a resigned acceptance of the prevailing currents. NYSE:OBDC at $40.09 million, NYSE:OWL at $38.39 million, NYSE:STUB at $27.90 million, NYSEMKT:GLD at $15.65 million, and NASDAQ:IBIT at $10.55 million. The sheer volume of these acronyms, these abstract representations of wealth, feels… oppressive. A catalog of dependencies, a testament to the intricate web that binds us all.
They’ve also got a healthy obsession with Google – $131.54 million worth. Qualcomm, Microsoft, VOO… the usual suspects. It’s all very…competent. Too competent. I prefer a little chaos, a little unpredictability. Makes things interesting. Like investing in a restaurant that might have a health code violation. That’s a gamble! This is just…safe. Boringly safe.
A premium of twenty-five percent would place the company at a mere three billion dollars. A trifling sum, really, in the grand theatre of modern finance. It compels one to ponder: might a titan of the “Magnificent Seven” find a strategic amusement in acquiring it? The truly rich, after all, can afford to indulge in eccentricities.
And yet, amidst this hysteria, a curious thing emerges. Certain companies, those who truly understand the abyss they are peering into, remain… reasonably priced. It is as if they acknowledge the inherent uncertainty, the terrifying potential for failure. Two, in particular, offer a glimmer of hope, or perhaps merely a slightly less precipitous fall. Let us examine them, not with the giddy optimism of the crowd, but with the weary skepticism of one who has witnessed too many fortunes rise and crumble.
Currently, this particular ETF constitutes 1.22% of CMC’s 13F reportable assets – a figure which, while hardly negligible, suggests it was never quite the family silver. Their present holdings, as one might anticipate, are predictably sensible: NYSEMKT:TCAL at $8.86 million (15.8% of AUM), followed by NYSEMKT:SILJ at $5.11 million (9.1% of AUM). The COWG itself, and its cousin COWZ at $5.02 million (9.0% of AUM), are present, but no longer at the very apex of the pyramid. NYSEMKT:GRNY, at $4.50 million (8.0% of AUM), completes the rather conventional picture.
This $3.8 million represents 1.27% of Beacon Bridge’s reported assets. A small piece of the pie, really. They also hold a lot of SPY, VUG, VTV, DYNF, and MUB. Usual suspects, mostly. People trying to make sense of things.
