Portfolio.

Energy Transfer L.P. Energy Transfer is a leading midstream energy company specializing in the transportation and storage of oil and natural gas across the U.S. Its value lies in an extensive network of pipelines and terminals that are critical for energy logistics, giving it strong pricing power and operating leverage. Their assets span all major U.S. production basins, creating scale and geographic advantages few competitors can match. Stability through long-term fee-based contracts shields them from commodity price volatility.

Howard Hughes Holdings Inc. Howard Hughes Holdings focuses on master-planned communities and large-scale real estate development. Their advantage is controlling vast tracts of valuable land in high-growth regions like Houston, Las Vegas, and Honolulu, allowing them to create long-term value through thoughtful, phased developments. By operating as both landowner and developer, they can maximize profit across commercial, residential, and mixed-use properties. Their land assets are difficult for competitors to replicate, ensuring a unique market position.

Robinhood Markets, Inc. Robinhood revolutionized investing by offering commission-free stock and crypto trading, democratizing access to financial markets. Their advantage lies in a user-friendly mobile-first platform that attracts younger, tech-savvy investors underserved by traditional brokerages. Robinhood’s strong brand recognition among Millennials and Gen Z, combined with a simplified interface, positions it as a gateway for first-time investors. Their scale and cost structure make it difficult for legacy financial institutions to compete on fees.

STAG Industrial, Inc. STAG Industrial is a real estate investment trust (REIT) focused on acquiring and managing single-tenant industrial properties, primarily warehouses and distribution centers. Their advantage comes from specializing in secondary markets across the U.S., where competition is lower, yields are higher, and tenant demand is growing due to e-commerce. Their diversified, granular portfolio reduces risk from single-tenant exposure and allows steady, growing dividends. STAG’s disciplined acquisition strategy offers consistent returns with lower volatility than typical REITs.

Uber Technologies, Inc. Uber is the global leader in ridesharing and also operates a large-scale food delivery platform (Uber Eats) and freight logistics business. Their competitive advantage is network density: more riders attract more drivers, which in turn lowers wait times and increases reliability — a self-reinforcing cycle. Uber’s brand, scale, and technology platform allow it to offer multiple services efficiently within a single app. Their ability to leverage data and AI for pricing, route optimization, and dynamic matching outpaces most competitors.

Visa Inc. Visa operates the world’s largest electronic payments network, facilitating transactions between consumers, merchants, banks, and governments globally. Its value proposition lies in being a trusted, universally accepted payment brand with unparalleled security, reliability, and processing speed. Visa benefits from massive network effects: every additional cardholder and merchant strengthens the system, creating a high barrier to entry. Their asset-light model also means high margins and scalability across both traditional cards and emerging digital payments.

Energy Transfer L.P.	Energy Transfer is a leading midstream energy company specializing in the transportation and storage of oil and natural gas across the U.S. Its value lies in an extensive network of pipelines and terminals that are critical for energy logistics, giving it strong pricing power and operating leverage. Their assets span all major U.S. production basins, creating scale and geographic advantages few competitors can match. Stability through long-term fee-based contracts shields them from commodity price volatility.
Howard Hughes Holdings Inc.	Howard Hughes Holdings focuses on master-planned communities and large-scale real estate development. Their advantage is controlling vast tracts of valuable land in high-growth regions like Houston, Las Vegas, and Honolulu, allowing them to create long-term value through thoughtful, phased developments. By operating as both landowner and developer, they can maximize profit across commercial, residential, and mixed-use properties. Their land assets are difficult for competitors to replicate, ensuring a unique market position.
Robinhood Markets, Inc.	Robinhood revolutionized investing by offering commission-free stock and crypto trading, democratizing access to financial markets. Their advantage lies in a user-friendly mobile-first platform that attracts younger, tech-savvy investors underserved by traditional brokerages. Robinhood’s strong brand recognition among Millennials and Gen Z, combined with a simplified interface, positions it as a gateway for first-time investors. Their scale and cost structure make it difficult for legacy financial institutions to compete on fees.
STAG Industrial, Inc.	STAG Industrial is a real estate investment trust (REIT) focused on acquiring and managing single-tenant industrial properties, primarily warehouses and distribution centers. Their advantage comes from specializing in secondary markets across the U.S., where competition is lower, yields are higher, and tenant demand is growing due to e-commerce. Their diversified, granular portfolio reduces risk from single-tenant exposure and allows steady, growing dividends. STAG’s disciplined acquisition strategy offers consistent returns with lower volatility than typical REITs.
Uber Technologies, Inc.	Uber is the global leader in ridesharing and also operates a large-scale food delivery platform (Uber Eats) and freight logistics business. Their competitive advantage is network density: more riders attract more drivers, which in turn lowers wait times and increases reliability — a self-reinforcing cycle. Uber’s brand, scale, and technology platform allow it to offer multiple services efficiently within a single app. Their ability to leverage data and AI for pricing, route optimization, and dynamic matching outpaces most competitors.
Visa Inc.	Visa operates the world’s largest electronic payments network, facilitating transactions between consumers, merchants, banks, and governments globally. Its value proposition lies in being a trusted, universally accepted payment brand with unparalleled security, reliability, and processing speed. Visa benefits from massive network effects: every additional cardholder and merchant strengthens the system, creating a high barrier to entry. Their asset-light model also means high margins and scalability across both traditional cards and emerging digital payments.