Portfolio
Portfolio Overview
A concentrated, high-conviction portfolio of deeply researched businesses purchased at a significant discount to intrinsic value.
Select Portfolio:
Same Strategy, Different Structures: Both portfolios share identical investment strategies and hold the same assets. The SMA (Separate Managed Accounts) are individual accounts managed as a unified portfolio through Interactive Brokers. The ETP was created specifically for Latin American investors to avoid U.S. estate tax implications and simplify the onboarding process.
US Citizens Portfolio
Separate Managed Account (SMA) via Interactive Brokers
Inception: June 2025 | As of March 2026
NAV
$144.75
MTD Return
-5.90%
YTD Return
-49.53%
Since Inception
+44.75%
NAV Performance (Indexed to 100) — Monthly
Returns shown are net of fees. Past performance is not indicative of future results.
Strategy Overview
Security selection based on proprietary, bottom-up, fundamental analysis
Valuation as the key component of security selection
Concentrated portfolio of 5–20 stocks, MAXIMUM position size of 50% at cost
Advisor is 100% founder-owned, with the vast majority of the founder's net worth invested alongside clients
Key Metrics
Number of Holdings
15
Max Position Size
50%
Mkt Cap Wtd. Median
$183M
Mkt Cap Wtd. Avg.
$2,410M
P/B Value (Wtd. Avg.)
1.9x
Top 10 Holdings
92%
High Watermark
Yes
Hurdle Rate
6%
Sector Composition
| Sector | Weight |
|---|---|
Industrials | 42% |
Materials | 40% |
Information Tech | 6% |
Financials | 6% |
Health Care | 4% |
Consumer Disc. | 1% |
Utilities | 1% |
SMA Information
| Account Type | Separate Managed Account (SMA) |
| Custodian | Interactive Brokers |
| Minimum Investment | $250,000 |
| Management Fee | 1% |
| Performance Fee | 20% (6% hurdle) |
| Portfolio Manager | Valora Investment Group LLC |
This website is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities. Investing involves risk, including the possible loss of principal. Past performance is not indicative of future results. Any forward-looking statements are inherently uncertain.