Backtested returns, drawdowns, and risk metrics are publicly disclosed. Daily position weights and trade log are reserved for subscribers. Access via @markuretsky on X or the waitlist.
| Ticker | Description | Weight | % | $ | |
|---|---|---|---|---|---|
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Weights are published once per trading day, 15 minutes before market close (3:45 PM ET). Weights reflect intraday prices up to that point.
The portfolio uses a 4% drift threshold. Positions are only rebalanced when their actual weight drifts more than 4 percentage points from the target weight. This reduces unnecessary turnover and trading costs. If you are replicating manually, you do not need to trade every day — only adjust positions that have drifted significantly from the published weights.
Multiply each weight by your total portfolio value. The $ column in the weights table updates live when you change the size input above.
PNL Portfolio is a multi-engine book engineered around uncorrelated alpha streams rather than relabeled beta. It pairs a systematic tactical overlay on the most liquid global markets with a replication of a capacity-constrained manager strategy and a sized allocation to convex risk premia. The strategy is built to evolve programmatically — once the underlying manager exposure is directly investable, the replication is retired and live exposure is rotated in without disturbing the rest of the book.
Past performance does not guarantee future results. This portfolio is provided for informational and educational purposes only. It is not financial advice. Always do your own research and consult a qualified financial advisor before making investment decisions.