Many companies have felt the warmth of this new AI spring, but none have flourished quite like Nvidia. They built their foundation on the images flickering across screens – the games we play, the worlds we lose ourselves in. Their graphics processing units, once dedicated to illusion, found a new purpose, a deeper calling. It turns out, those same chips are remarkably suited to the heavy lifting required to nurture these new artificial minds.
Both of these funds chase the same dream: large-cap growth stocks. They’re like two pigeons competing for the same crumb of a very large, potentially poisoned, baguette. VONG tracks the Russell 1000 Growth Index, while MGK follows the CRSP US Mega Cap Growth Index. Sounds thrilling, doesn’t it? It’s like watching paint dry, but with more paperwork. The difference, as we’ll see, is subtle, like the difference between a slightly overcooked and a perfectly cooked goose.
There’s a lot of chatter about startups. NuScale, Oklo, Nano Nuclear. Tiny reactors, portable reactors. Ambitious. Bless their hearts. They’re building dreams out of atoms. But dreams don’t pay the bills. Not yet, anyway.
Now it’s 2026. And everyone’s looking at TSMC like it’s some sort of overvalued behemoth. Like the party’s over. Which, let’s be honest, is exactly when I start to get interested. Because the sensible thing, the obvious thing, is rarely the right thing. At least, that’s what I tell myself to justify my questionable investment choices.
The filing with the Securities and Exchange Commission revealed a purchase of 136,925 shares, a transaction valued at approximately $3.71 million, calculated against the prevailing quarterly average. It is not merely the sum, however, but the weight of it. The position, at quarter’s end, had appreciated by $1.60 million, a testament to both the initial judgment and the market’s tentative embrace of Voyager’s prospects. A curious confluence, wouldn’t you agree?
It’s not just the silver, though, is it? Never is. It’s like diets. You think it’s about the salad, then you realize it’s about the emotional void you’re trying to fill with lettuce. Hecla’s been added to a stock index, the S&P MidCap 400, which is… reassuring. And gold prices are up too. Not as dramatically, but enough to make one feel slightly less guilty about that impulse purchase of gold-plated teaspoons.
The SPDW, bless its simple heart, just buys shares in companies ‘cross the pond – Europe, Japan, the like – leavin’ the American ones alone. It’s a broad sweep, like castin’ a net for fish. The NZAC, now, that one’s a bit more particular. It’s got itself all worked up about climate change, and only buys companies that meet its standards. Noble, perhaps, but sometimes a fella just wants a return on his investment, not a pat on the back.
On January 23rd, the aforementioned Liberty Street Advisors filed a report with the SEC, detailing the acquisition of these shares. This immediately established a new position, and, rather dramatically, meant that nearly half (47.15%, if you’re keeping track, which, as investors, you undoubtedly are) of their reported assets under management are now tied up in this one particular company. It’s a level of concentration that suggests either extraordinary confidence, a temporary lapse in judgement, or a particularly compelling game of financial Jenga. (We suspect the former, but one must always consider the possibility of Jenga.)
The question posed – whether a mere two thousand dollars, entrusted to this fund, might blossom into a million – is not so much a calculation of pure return, but a contemplation of time’s vastness. It is akin to asking if a single seed, sown in good soil, can eventually shade a hillside. The answer, of course, is yes… but only if decades are allowed to pass, and the seasons are permitted their natural rhythm.
