3Q26 Portfolio Rebalance: Capturing the Next Phase of AI Infrastructure Buildout (Pt.3)
The July AI-infra correction separated disciplined portfolios from levered concentration. Our 3Q26 rebalance concludes with a clear principle: technical relevance is not enough. We exit weakened theses, favour bottleneck resolvers like Soitec, and size unproven optionality with discipline.
