💼 Crypto Portfolio
The ₿ Conviction model portfolio — current allocation and positioning, updated alongside each Weekly Deep Dive.
Current Allocation
As of Oct 21, 2026Latest Update
This week's institutional update reaffirmed a risk-on stance with no position changes. The reference portfolio stands at +85.62% total unrealized P&L since inception (July 2025), with non-BTC positions up 132% against a BTC benchmark that is down 35.49% over the same window -- 121.11% of alpha versus Bitcoin.
Positioning continues to ride winners rather than rebalance: BTC remains the anchor at 27% of the portfolio (44% of bear-market capital deployed), with outperformance concentrated in social trading (PONS, now nearly 13% of the portfolio from a 1.4% entry), onchain perps (LIT at 9.8%, up 384% since entry), stablecoin infrastructure (ENA 4.4%, CRCL 1.2%), and a Zcash position sized at 14% of the capital that went into BTC.
Source: Weekly Deep Dive — Oct 21, 2026
Portfolio positioning is reviewed and published with each Weekly Deep Dive. For historical context, macro framing, and the reasoning behind each change, read the Weekly Deep Dives.
This report is for informational purposes only and does not constitute investment advice. Digital assets are highly speculative and involve significant risk, including the risk of total loss. Past performance is not indicative of future results. Please conduct your own research and consult qualified professionals before making investment decisions.