Serenity says portfolio hit 49.4% drawdown this month, cuts leverage

The investor said the pullback came during the recent market slump while keeping exposure to AI supply-chain segments backed by long-term revenue growth and technological change.

Summary

Serenity said his portfolio’s maximum drawdown reached 49.4% this month during the recent market slump, leading him to reduce leverage (borrowed money used to amplify positions). Despite the setback, he said the portfolio remains centered on AI supply-chain segments, including upstream semiconductors, memory chips, photonics, robotics and AI infrastructure. He maintained that structural revenue growth and technological change continue to support those themes, signaling that the portfolio’s long-term positioning remains intact even after the sharp decline.

Terms & Concepts
  • maximum drawdown: Largest peak-to-trough portfolio decline
  • leverage: Borrowed money used to increase exposure
  • photonics: Technology using and controlling light