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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Themes | Quick Take |
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"Flattery Wealth faced a lackluster 2025 due to Bitcoin consolidation and a pullback in MSTR, but remains highly constructive on its core holdings (including ASTS and HEI) as long-term compounders over a 3-5 year horizon."
Flattery Wealth Management's January 2026 investor letter reviews a challenging 2025. While the S&P 500 returned 18%, Flattery's Core Individual Stock portfolio gained just 1.54% and the Growth ETF portfolio fell 1.8%, primarily dragged down by its high-conviction exposure to Bitcoin and a 47.53% decline in MicroStrategy (MSTR). Conversely, AST SpaceMobile (ASTS) surged 245%, HEICO (HEI) rose 36%, and Sprott Physical Gold and Silver Trust (CEF) surged 90%. The manager introduces an analogy comparing AI to the 'gunpowder moment' of 15th-century warfare, leveling the playing field for smaller, nimble participants while disrupting legacy systems. Looking forward, the manager remains highly constructive on their concentrated, contrarian positions over a 3-5 year horizon.
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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: Flattery Wealth faced a lackluster 2025 due to Bitcoin consolidation and a pullback in MSTR, but remains highly constructive on its core holdings (including ASTS and HEI) as long-t...
Growth Outlook
Market outlook remains moderate conviction: Flattery Wealth faced a lackluster 2025 due to Bitcoin consolidation and a pullback in MSTR, but remains highly constructive on its core holdings (including ASTS and HEI) as long-t...
Risk Appetite
Risk appetite posture is above average conviction: Flattery Wealth faced a lackluster 2025 due to Bitcoin consolidation and a pullback in MSTR, but remains highly constructive on its core holdings (including ASTS and HEI) as long-t...
Capital Deployment
Manager actively deployed capital into high-conviction opportunities. Flattery Wealth faced a lackluster 2025 due to Bitcoin consolidation and a pullback in MSTR, but remains highly constructive on its core holdings (including ASTS and HEI) as long-t...
Forward Guidance
Forward guidance signal: Flattery Wealth faced a lackluster 2025 due to Bitcoin consolidation and a pullback in MSTR, but remains highly constructive on its core holdings (including ASTS and HEI) as long-t...
Language Signal
Tone analysis indicates above average conviction language: Flattery Wealth faced a lackluster 2025 due to Bitcoin consolidation and a pullback in MSTR, but remains highly constructive on its core holdings (including ASTS and HEI) as long-t...
Perceived Risk
Perceived risk level is evaluated as above average conviction. Flattery Wealth faced a lackluster 2025 due to Bitcoin consolidation and a pullback in MSTR, but remains highly constructive on its core holdings (including ASTS and HEI) as long-t...
Opportunity Density
Opportunity density index indicates above average conviction actionable entry points. Flattery Wealth faced a lackluster 2025 due to Bitcoin consolidation and a pullback in MSTR, but remains highly constructive on its core holdings (including ASTS and HEI) as long-t...
Time Horizon
Investment time horizon reflects a high conviction orientation. Flattery Wealth faced a lackluster 2025 due to Bitcoin consolidation and a pullback in MSTR, but remains highly constructive on its core holdings (including ASTS and HEI) as long-t...
