Darwin 2026 Portfolio Review: 13 February 2026

Cirque du Soleil Theatre, Vidanta World, Nuevo Vallarta, Mexico

US Equities continued consolidating in the 6800-7000 range in the SPX (S&P 500 Index) but closing ~1.3% lower than last week’s close and near the bottom of the channel:

It also placed US Equities at the bottom of the list of major asset classes in terms of weekly performance:

The goal of the Darwin Portfolio is to beat the diversified AOA fund, with current holdings looking like this:

Adjustments since the last review have been to sell 140 shares in SCHF and 32 shares in VNQ so as to raise Cash to Purchase 75 shares in TLT whilst keeping allocations close to equally balanced. TLT is a little under-weighted but I didn’t want to incur additional trading costs by selling shares in the 3 ETFs with Hold recemmendations so as to balance more exactly:

The transactions look like this and have locked in $475 in profits:

TLT looked like an attractive Buy with momentum and acceleration showing strong upward momentum despite the fact that momentum has been below the benchmark values:

This is a typical Mean Reversion entry – so we’ll see how it fares going forward.

To date the portfolio is performing well:

and is staying ahead of the benchmark despite the recent pullback in Gold. The portfolio is showing a ~9% return since inception compared to a 3% return for the AOA Fund.

US Equities (SPYM) is currently the only asset class NOT held in the portfolio from those available in the quiver.