Huygens Portfolio Update: 30 June 2026

Lhasa, Tibet (2004)

Huygens is the asset allocation portfolio scheduled for an update this first day of July.  Little action is necessary as the Huygens is rounding into shape as far as bringing the various asset classes into balance.

Huygens Security Holdings

Below are the current securities held in the Huygens portfolio.  All but VEA and VTI are within 5% of the target.  I continue to hold a high percentage of the portfolio in short-term treasuries (SCHO) as the current market is overvalued.  The plan is to slowly bring the various asset classes into balance over the next several months.

Huygens Rebalancing Recommendations

Second quarter dividends are in and I am using the cash to set a limit order to pick up four (4) more shares of VYM.  Over the next few months I will use dividends from SCHO and any cash raised from the sale of SCHO shares to bring the various asset classes closer to target by one-half (1/2) percentage point each review period.  In late July I hope to have all securities within 5% of the target percentage.  This will mean adding more shares of VTI.

Huygens Performance Data

Since 12/31/2021 the Huygens lags the AOR benchmark.

The “Other” portion of the pie includes precious metals, commodities, etc.

Huygens Risk Ratios

Over the past year each of the four risk ratios are higher than they were a year ago.  The positive slope of the Jensen Alpha is one of the more important indicators of where the Huygens is headed.  Right now the direction is positive.

Financial Repression Portfolio from ChatGPT

Financial Repression Portfolio Update From ChatGPT