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| # | Fund | Strategy | Style | Geography | AUM | Latest Letter |
|---|---|---|---|---|---|---|
As of Oct 19, 2026
During the third quarter of 2026, the Shelton Equity Income Strategy delivered a net return of 4.75% net of fees (outperforming the CBOE BuyWrite Index's 4.29% return). Strategy cash flows during the period reached 3.25% from option premiums and 0.30% from dividends before fees. The options overlay strategy maintained an active call-writing posture to harvest volatility premia across held equity positions while managing gross exposure into elevated bond yields and persistent rate uncertainty. The broader market backdrop was characterized by an equity rally to record highs tempered by underlying sector dispersion, with seven of eleven sectors finishing in the red. Macro crosscurrents centered on geopolitical conflict with Iran elevating oil prices, persistent inflation concerns, historically high Treasury yields, and Federal Reserve monetary tightening, including a rate hike in September and an anticipated subsequent increase in December. From a single-stock perspective, outperformance was led by positions in Hewlett Packard Enterprise, NetApp, ConocoPhillips, Arista Networks, and Fortinet, all of which remain core holdings targeted for repurchases if called away. Conversely, the portfolio experienced drag from CenterPoint Energy and Lam Research, where the team initiated deliberate exits via aggressive call-writing, while retaining underperforming positions in CVS Health, Southwest Airlines, and Monster Beverage due to attractive underlying valuations.
The strategy seeks to generate attractive risk-adjusted returns and consistent cash flows by combining underlying equity investments with an active options overlay call-writing discipline.
The fourth quarter is likely to remain rocky with potential volatility driven by geopolitical conflict with Iran, Federal Reserve interest rate actions, domestic mid-term elections, and AI corporate earnings results.
Neutral / Balanced
Market Conviction
Growth Outlook
Risk Appetite
Capital Deployment
Forward Guidance
Language Signal
Perceived Risk
Opportunity Density
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Top Conviction Themes
Key Catalysts
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