Small-cap patience is still required
Weekly update · Jun 28, 2026 · Public
The model is underperforming broad indexes this month. I am keeping position sizes modest until breadth improves.
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NR
Subscribers
NRNolan Reyes
Manual audit@deepvalue_nolan · Value
Nolan looks for ignored companies where capital returns, insider ownership, or balance-sheet repair can close the valuation gap.
Small Cap Value HunterRisk 6/10 · Elevated-4 this month
Follower capital
$940K
Latest decision
Add JXN
Subscription terms
$79.00 / mo
Public track record
+12.9%
Drawdown
-16.2%
Sharpe
0.74
Profile disclosure
This pilot profile is an educational simulation. Returns, holdings, and mirrored trades are mock records and should not be treated as personalized financial advice.
Annualized
+8.7%
Simulated estimate
This month
-0.8%
Current month to date
Win rate
49%
68 closed trades
Volatility
18.6%
Trailing estimate
Performance history
Indexed to 100 at inception window
PilotSPY proxy
Track record quality
Imported trade historyManual simulated audit
Visible trades3
Average position size5.8%
Biggest win+34.6%
Biggest loss-15.2%
Current cash11.2%
Last updatedJun 28, 2026
Current model portfolio
Open holdings visible to followers in paper mode
| Ticker | Asset | Weight | Avg entry | Current | Unrealized | Thesis |
|---|---|---|---|---|---|---|
| JXN | Jackson Financial | 9.7% | $67.80 | $74.30 | 9.6% | Cheap capital return story with improving ROE visibility. |
| GTLS | Chart Industries | 8.5% | $132.40 | $125.80 | -5.0% | Industrial gas backlog is strong, but leverage keeps sizing modest. |
| ALIT | Alight | 7.2% | $8.10 | $7.60 | -6.2% | Turnaround requires margin proof; position remains on watch. |
| CSU.TO | Constellation Software | 6.3% | $3,820 | $4,075 | 6.7% | Quality compounder anchor for a value-heavy book. |
Allocation preview
Preview a paper allocation before checkout. The demo account is capped at $75,000 across all active pilots.
Available paper cash$17,000
Suggested allocation$8,000
Max for this pilot$17,000
Modeled P/L at preview$1,032
Recent decisions
Every model change leaves a visible trail.
Trade history
Simulated orders mirrored into follower paper portfolios
| Date | Action | Ticker | Size | Price | P/L | Mirrored | Note |
|---|---|---|---|---|---|---|---|
| Jun 28, 2026 | Add | JXN Jackson Financial | 2.0% | $73.10 | Open | 188 | Added after capital return update and stable spread income. |
| Jun 13, 2026 | Trim | CSU.TO Constellation Software | 1.0% | $4,062 | 6.4% | 183 | Trimmed anchor position to fund small-cap dislocation. |
| May 21, 2026 | Buy | GTLS Chart Industries | 4.0% | $129.50 | Open | 176 | Started position after deleveraging guidance improved. |
Strategy notes
Market notes, trade rationale, weekly updates, and risk posture
Public
Why I trimmed the highest-quality holding
Trade rationale · Jun 14, 2026 · Subscribers
The trim was portfolio construction, not a thesis change. I wanted cash for two cheaper catalyst ideas.
Follower fit
Suitable for users who understand value risk and want to observe a transparent public model portfolio before considering future real-money workflows.
Fee structure
Monthly pilot fee$79.00
Performance feeNone
Operating cadence
Average holding period: 5 months