Portfolio

This page tracks the Bearhold Research Model Portfolio, a live record of our highest-conviction names from the research library, governed by the same discipline that shapes everything we publish.

The philosophy revolves around optimal capital allocation. We hold quality businesses when they trade at a favorable valuation, offering a genuine margin of safety, and we sell them when the valuation becomes unfavorable, redeploying that capital into another quality business trading at a more attractive price.

We are building this portfolio from scratch. It should hold 12 positions, and today it holds five. The remaining allocation sits in cash, as most of the quality businesses in our screened universe are not currently trading at a valuation we consider attractive enough to own. An empty slot held in cash is preferable to a forced position in a name that doesn’t meet our threshold. As we study more companies and find them trading at favorable valuations, idle cash will be deployed.

Positions are exited when the original thesis breaks or when a name’s valuation is no longer favorable relative to its quality and growth.

We publish a monthly update on portfolio positions, valuations, and any changes to subscribers.

This is a model portfolio for informational and educational purposes. It does not constitute personalized investment advice. Actual results for any individual investor will differ based on entry timing, position sizing, and the extent to which portfolio guidance is followed. Past performance does not guarantee future results.