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Apple. The company that convinced an entire generation they needed to periodically replace perfectly functional rectangles. It remains Berkshire’s largest holding, despite Buffett’s recent (and rather uncharacteristic) selling spree. One suspects even Buffett felt a slight pang of existential dread staring into the abyss of endless product cycles. Abel’s comments suggest that particular phase may be over. And why wouldn’t it be? Apple’s lower capital intensity compared to its hyperscaler peers is, frankly, a relief. While others are busy building data centers the size of small countries (and consuming enough electricity to dim the eastern seaboard), Apple is still churning out free cash flow exceeding $100 billion. A truly remarkable feat of engineering, or possibly just clever marketing.)

The fund, a vessel navigating the treacherous waters of digital assets, had, in a single stroke, relinquished its entire position in the ETHA ETF – a sum estimated at $23.42 million, a figure that seemed both immense and vanishingly small in the grand calculus of global finance. 743,332 shares, once held as a promise of future yield, were released back into the swirling currents, leaving a subtle, almost imperceptible shift in the balance of power.

The SEC filings, as always, provide a comforting illusion of order. Lead Edge, it seems, increased its stake in Remitly during the fourth quarter of 2025. The purchase, valued at approximately $20.71 million, brought their total holdings to a respectable $56.03 million – a $13.08 million increase from the previous quarter. A tidy sum, even for those accustomed to counting fortunes. One wonders if they consulted a fortune teller, or simply a particularly astute analyst. My money’s on the analyst, naturally.

By the cessation of trading, Nebius’ stock had ascended by a margin exceeding sixteen percent. This, of course, does not signify prosperity, but merely a re-evaluation. An assessment, if you will, of potential… utility. The utility itself remains undefined.

The SEC paperwork landed on February 17th. Lead Edge trimmed their holdings, reducing their stake by those 74,947 shares. The fund’s overall position took a $3.87 million hit, a figure that includes both the sale and the usual market dance. They still held onto a piece, 7.51% of their reportable assets. A respectable chunk, but a chunk nonetheless lessened.

Amazon’s business model is characterized by expansive diversification, encompassing e-commerce, cloud computing, advertising, digital content, grocery retail, and healthcare initiatives. This multi-faceted approach mitigates idiosyncratic risk, though it introduces complexities in capital allocation and strategic oversight. The company maintains a leading position in several key sectors, notably e-commerce within the United States and cloud infrastructure globally.

Nvidia. The name rolls off the tongue like a loaded gun. They’re building the infrastructure for this AI boom, and that’s a good place to be. It’s simple, really. Everyone needs chips, and Nvidia’s got the best. Their GPUs aren’t just hardware; they’re a whole ecosystem, a walled garden where the code grows.