Active Portfolio · Since June 2023

Own the infrastructure of the AI revolution

Sophisticated investing intelligence for the modern era. We build the portfolio, share every position and every thesis — and you manage your own capital, on your own terms.
28
Exited Campaigns
+39.2%
Avg Gain
on Exited Campaigns
10 mo
Avg Hold
of Exited Campaigns
A note on these numbers. The returns shown are from the AI-Innovation model portfolio — the positions we recommended, at the prices we recommended them. Your results will almost certainly be different from ours, and here's why: you might buy at a slightly different price than we published, sell at a different time, skip a position, or size it differently. You're managing your own account, on your own terms — which is the whole point. We share the research, the thesis, and the timing. What you do with it is your decision. For that reason, these results should be considered hypothetical — not because the trades didn't happen, but because your experience of them will be your own. These figures are referenced throughout this page and are subject to this same note.
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We do the institutional-grade research. We build the portfolio. We make every entry, every exit, every structural shift — and share the reasoning behind each one, in real time. You hold the positions in your own account, on your own terms — you see what we own and why. Think of it as looking over the shoulder of a professional macro strategist — with the freedom to manage your own capital.
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The Thesis
Demand is outstripping supply.
That's not a bubble.

When we launched this portfolio in June 2023, many called AI a bubble. We disagreed. In a gold rush, the smart money is made selling picks and shovels. We focused on the physical buildout that had to happen if this technology revolution was real.

The chips. The machines and software needed to design and manufacture the chips. The servers and networking that move data. The electricity that powers it all. The data systems that enable companies to store, organize, and monitor what AI is doing.

Fast forward two and a half years: It is real, and it is proliferating.

Google just doubled 2026 capex to $185 billion. Amazon announced $200 billion. Andy Jassy said they're "monetizing capacity as fast as we can install it." The companies building AI supply are still acting like they can't build fast enough.

At CES 2026, Jensen Huang's message wasn't "here's the next wave." It was: AI is diffusing into everything, all at once. Robotics, healthcare, energy, finance, manufacturing. The more work AI does, the more infrastructure is needed. And that's exactly what we positioned for in January 2025, when we restructured the portfolio to follow AI as it spread beyond chips and software into the physical world.

Track Record
28 exited campaigns.
Every position we've closed since June 2023. Hover to see the stock and gain/loss.
Winner (22)
Loss (6)
22
Winners
+58.1%
6
Losses
-30.2%
Winners average nearly 2x the size of losses. We screen for high-growth, high-margin companies at the center of the AI infrastructure buildout — where demand creates earnings power.
Case Studies
Entries + Exits
Selected exited campaigns since portfolio launch in June 2023.
PLTR
Palantir Technologies
Enterprise AI & data platforms
Added at $18.16 when the market was still skeptical about AI enterprise adoption. Palantir's AIP platform was becoming the standard for deploying AI inside governments and large enterprises. Exited at $66.30 — a near-quadruple in 13 months. Re-entered and captured another +86% on the second round.
+266%
13 months
ANET
Arista Networks
AI datacenter networking
Arista builds the networking switches that move data inside AI datacenters. As hyperscalers ramped GPU clusters, every rack needed Arista. Entered at split-adjusted $37.39, exited at $114.88 — a triple in 19 months. Re-entered and it's up another 25%.
+207%
19 months
NVDA
Nvidia
The engine of the AI era
Original position from launch day. Entered at $400.41 pre-split. The earnings power made that price look cheap. Exited at $1,133 after a near-triple in 12 months. Re-entered at $95.33 and captured another +48%.
+183%
12 months
TSLA
Tesla
AI, robotics, autonomous driving
Added at $218.80 as the AI/robotics thesis expanded beyond software. Tesla's Optimus robot and FSD positioned it as an AI company that happens to make cars. Exited at $407.80 — an 86% gain in six months.
+86%
6 months
Active Management
We restructured to follow AI into the physical world
In January 2025, we made a structural shift — expanding the portfolio's reach while managing risk.
20 × 5%
Original Structure
→
25 × 4%
Expanded Structure

By late 2024, AI was spreading beyond chips and software into energy, robotics, healthcare, and financial infrastructure. We resized all 20 existing positions from 5% to 4% — freeing 20% of capacity to fund 5 new positions targeting these emerging AI frontiers.

In 2025, we made additional entries: digital financial infrastructure rails and a double-weight in the chip design tollbooth company after a key acquisition closed. Every move — the thesis behind each new addition, the reasoning for the structural shift, and how to execute it — was shared in real-time, exclusively with members.

Portfolio Structure
Seven layers of the AI stack
25 positions × 4% each. Specific holdings are for members only.
🔧

The Toolmakers

Design, verify, and simulate every chip before production. Jensen Huang called one of our holdings "completely indispensable." We double-weighted it.

⚡

The Compute Engine

GPU, custom silicon, and semiconductor companies powering AI training and inference at scale. The companies that can't build fast enough.

🏗️

Infrastructure & Power

Servers, networking, storage, and the nuclear energy that keeps the lights on. Every data center needs all three.

📊

Enterprise AI & Platforms

Trusted software, data platforms, observability, and CRM systems where AI must be accurate and auditable.

🌐

Consumer AI Distribution

Platforms distributing AI to billions of users — search, social, and the consumer interface of AI.

🤖

Robotics & Physical AI

Taking AI from the screen to the physical world — chip testing, surgical robots, and a conglomerate bridging AI and robotics at scale.

🧬

Frontier & Next-Gen

Quantum computing that could accelerate AI while reducing costs, and the compliant digital plumbing of the new financial infrastructure.

Exited Campaigns
All 28 completed positions
Full entry, exit, and gain/loss on every closed campaign.
TickerCompanyEntryExitGain/LossHold
PLTRPalantir$18.16$66.30+266.3%13 mo
ANETArista Networks$37.39$114.88+207.3%19 mo
NVDANvidia$400.41$1,133+183.0%12 mo
TSLATesla$218.80$407.80+86.4%6 mo
PLTRPalantir (2nd)$66.30$123.26+85.9%5 mo
SFTBYSoftbank$7.91$14.53+83.7%12 mo
NOWServiceNow$610.64$1,032+69.0%14 mo
IBMIBM$138.71$217.27+56.6%15 mo
NVDANvidia (2nd)$95.33$140.92+47.8%2 mo
CRMSalesforce$221.34$324.69+46.7%16 mo
GOOGLAlphabet$141.96$189.72+33.6%11 mo
ORCLOracle$125.37$155.92+24.4%10 mo
See all 28 exits + the full active portfolio →
Two Strategies
Different approaches. Complementary returns.
Many members subscribe to both.
BP
Billionaire's Portfolio
Logic Fund Management

Change-Driven Value

Follows activist billionaires into catalyst-driven situations. Deep value, event-driven. 15-year track record.

+39.8% avg gain · 47 exited campaigns
AI
AI-Innovation Portfolio
Logic Fund Management

Secular Growth

Actively managed portfolio owning the physical infrastructure of the AI revolution. High-growth, high-margin companies screened for earnings quality. Entries, exits, and structural shifts communicated in real time.

+39.2% avg gain · 28 exited campaigns
Sample Research
Inside a research note
A preview of the analysis you receive on every position.
AI
Bryan Rich · Portfolio Update
January 2026 — CES & The Chip Design Thesis

From CES 2026, Jensen Huang's message was clear: AI is diffusing into everything, all at once. It's no longer just chatbots. Not just office work. It's everything.

Jensen repeatedly referenced one of the most important companies in the AI infrastructure stack. He said explicitly that it is "completely indispensable" when it comes to chip design.

This company owns the technology that designs and verifies every serious chip. Before Nvidia, AMD, Broadcom, Apple, or the hyperscalers can ship their next generation of chips, they have to design them, test them, and prove they work — in collaboration with this company.

It's the tollbooth — the tax on getting a chip into production. And with Nvidia now building monster, very expensive AI systems, the simulation testing is becoming more important than ever. That's why we made it a double-weight.

The company name, entry price, and full thesis are for members only.

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Membership
What you get
Everything you need to invest alongside a professional portfolio — on your own terms.
📋

Research Notes

The thesis behind every position — role in the AI stack, valuation, catalysts, and risks. The kind of analysis that informs professional investment decisions.

📊

Full Active Portfolio

25 positions with entry prices, weights, and live gain/loss. Not a watchlist — a portfolio you can mirror in your own account.

🔄

Active Portfolio Management

New entries, exits, structural shifts, and position sizing — communicated in real time with the reasoning behind each decision.

📈

Pro Perspectives

Bryan's daily macro analysis — rates, policy, AI capex signals, and the forces moving markets. Included free.

The Firm
Built by a serious investor,
for serious investors
Bryan Rich

Bryan Rich

Founder · Logic Fund Management

Started his career at a London-based family office hedge fund managing money for a French billionaire, then served as Senior Trader at Integra Investment Management (Global Macro Hedge Fund of the Year nominee). 15+ years building and managing high-conviction portfolios — activist co-investing and AI infrastructure.

Bryan's daily Pro Perspectives note is read by billionaires, family offices, hedge funds, sovereign wealth funds, government economists, and advisory groups at Morgan Stanley, Merrill Lynch, and Wells Fargo — and by financial journalists at Forbes, The Wall Street Journal, Bloomberg, and Barron's.

28 exited AI campaigns averaging +39.2%. 79% win rate since launch.

"Even if you don't have the bucks…this website lets you follow in the tracks of Carl Icahn and Dan Loeb."
— Mike Hogan, Barron's

Own the infrastructure of
the AI revolution

The full active portfolio, every research note, every entry and exit — and the reasoning behind each decision. Professional-grade intelligence. Your capital, your account, your terms.

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$297 / quarter
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