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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Themes | Quick Take |
|---|---|---|---|---|---|---|---|
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"While underperforming in Q4, Shelton Equity Income Strategy finished 2025 with stellar full-year outperformance of 18.50% net (vs. BXM 8.91%), pruning laggards to focus on robust yield generation via options and dividends heading into a volatile 2026."
In Q4 2025, Shelton Equity Income Strategy generated a net return of 4.41% (4.76% gross), underperforming the CBOE BuyWrite Index (BXM) return of 6.53%. However, for the full-year 2025, the strategy achieved strong outperformance, returning 18.50% net (20.03% gross) versus the BXM's 8.91%. Total cash flow for the year reached 8.19% net (7.97% from premiums, 1.56% from dividends on a gross basis). The team actively culled underperforming positions (FAST, PYPL, HPQ, TMUS) and maintained high-conviction outperformers (GOOGL, LRCX, CAH, GM, MRK) plus VICI. Moving into 2026, the strategy aims to utilize its option-writing structure to capture volatility and mitigate potential equity market pullbacks.
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Algorithmic conviction, macroeconomic posture, and risk appetite signals extracted from this quarterly letter with qualitative explanations.
Market Conviction
High-conviction positioning: While underperforming in Q4, Shelton Equity Income Strategy finished 2025 with stellar full-year outperformance of 18.50% net (vs. BXM 8.91%), pruning laggards to focus on robust y...
Growth Outlook
Market outlook remains above average conviction: While underperforming in Q4, Shelton Equity Income Strategy finished 2025 with stellar full-year outperformance of 18.50% net (vs. BXM 8.91%), pruning laggards to focus on robust y...
Risk Appetite
Risk appetite posture is moderate conviction: While underperforming in Q4, Shelton Equity Income Strategy finished 2025 with stellar full-year outperformance of 18.50% net (vs. BXM 8.91%), pruning laggards to focus on robust y...
Capital Deployment
Manager actively deployed capital into high-conviction opportunities. While underperforming in Q4, Shelton Equity Income Strategy finished 2025 with stellar full-year outperformance of 18.50% net (vs. BXM 8.91%), pruning laggards to focus on robust y...
Forward Guidance
Forward guidance signal: While underperforming in Q4, Shelton Equity Income Strategy finished 2025 with stellar full-year outperformance of 18.50% net (vs. BXM 8.91%), pruning laggards to focus on robust y...
Language Signal
Tone analysis indicates above average conviction language: While underperforming in Q4, Shelton Equity Income Strategy finished 2025 with stellar full-year outperformance of 18.50% net (vs. BXM 8.91%), pruning laggards to focus on robust y...
Perceived Risk
Perceived risk level is evaluated as above average conviction. While underperforming in Q4, Shelton Equity Income Strategy finished 2025 with stellar full-year outperformance of 18.50% net (vs. BXM 8.91%), pruning laggards to focus on robust y...
Opportunity Density
Opportunity density index indicates moderate conviction actionable entry points. While underperforming in Q4, Shelton Equity Income Strategy finished 2025 with stellar full-year outperformance of 18.50% net (vs. BXM 8.91%), pruning laggards to focus on robust y...
Time Horizon
Investment time horizon reflects a above average conviction orientation. While underperforming in Q4, Shelton Equity Income Strategy finished 2025 with stellar full-year outperformance of 18.50% net (vs. BXM 8.91%), pruning laggards to focus on robust y...