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January was quite the shit show. Massive short squeezes and retail inflows caused quite the abnormal stock market rally that left many trying to play catch up. In February, we had multiple data points come in that were showing that both the economy running too hot (jobs) and that inflation was creeping back up again (aka, sticky).

This all means that February was a busy month.

Since our end of Jan 2023 position update, we have

1. Added 5 net new positions

2. Resized 3 positions

3. Exited 7 positions

4. Traded 2 positions

Here’s what they are below.

New Positions