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Weekly epoch bilans, vault commentary, and other updates from the desk — what we did with LP capital, how the vault performed, listed executions, and risk posture when it matters. Audit-grounded, investor-first.
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.