Epoch 10 — constructive with pending orders
NAV rose by $14.15, reflecting a 0.13% increase. The week saw consolidation in US indices, with a focus on potential adds to precious metals and Bitcoin.
Epoch 9 — strategic adds amid volatility
NAV rose 1.95% as the Volta book adapted to extreme volatility by adding positions in AI memory, software, gold, quantum, and aerospace sectors. Key adds included Micron, Lumentum, Palantir, Quantinuum, Tesla, and Rocket Lab, capitalizing on a tech rebound and geopolitical developments.
Epoch 8 - broad selloff, light dip-buys from cash
NAV fell about 2.8% in a broad crypto and US equity selloff; the book stayed heavily in cash, then added lightly on 5 June (USENERGY, CRWV, IBM, CRCL, NUCLEAR) and exited MSFT.
Epoch 7 - rotation into software and photonics
ONDO left the book at a small loss while LITE (photonics), MSFT (software), and a 50% ROBOT add expressed a tech-rotation thesis; the week settled about +0.2% on NAV and net PPS.
Epoch 6 - cautious stance amid bullish tape, +1.8% settled close
Few trades amid a bullish tape; SPACEX rotated to USDC for liquidity, a small ONDO clip added RWA exposure, and Lagoon settled about +1.78% on headline NAV and net PPS.
Epoch 5 - profit-takes & cash sleeve up, soft −0.9% settled close
Lagoon week finalised after mid-week de-risking; headline NAV and net PPS both printed about −0.94% vs open with realised trims still on the tape.
Epoch 4 - NAV +2.3% on published week close, sleeves settled
Week closed on published vault accounting. NAV +2.34% and net PPS aligned over the window.
Epoch 3 - thematic spread with SPACEX stack & commodities
SPACEX, BTC, and commodity sleeves plus funding tailwinds added ~0.7% to NAV. Risk stayed spread across themes instead of crowding a single name.
Epoch 2 - carry week, copper robotics & one trim
Carry and thematic trims lifted NAV; copper and robotics sleeves stayed active with one trim.
Epoch 1 - deposits land, semis & curves working
Fresh deposits landed mid-week; fills leaned on semis and curves while rails stayed routine.
Epoch 0 - genesis week, softer tape & sleeves live
Genesis week: published share price −1.57% vs week open; consolidated opens in order: XYZ100 → CRCL → BTC → GOLD. Gross exposure ~44% NAV; long-only deployment; rails routine.
PeriodSummary) — every figure is reproducible from the appendix at the bottom of each post. Interim weeks (epoch still open on Lagoon) are not surfaced here.