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Strategy · BN

Bottleneck Solvers

Companies relieving the economy's structural shortages: AI compute and power, critical minerals, advanced chips. Picked for forward growth, widening margins, and a reasonable price. Signal-driven, rebalanced daily.

Live · paper
New strategy
0.00% to date · first signal rebalance soon
Signal B&H -7.94% · hypothetical, since 2026-08-12, marked through 2026-09-09

Signal sensitivity — drives Holdings, Recent activity & the curve

Portfolio · Holdings

What the strategy holds now

The book the strategy actually owns right now, by reporting currency, in % of book (no dollar amounts). It is signal-driven and rebalanced daily, but each name is held until its signal says exit (hold-until-exit, anti-churn) — so turnover stays low. A book can hold fewer names than the model ranks: positions are sized by rule — a volatility target, whole-share lots, per-name caps — with the remainder in cash (the Cash badge).

Holdings publish from the next signal rebalance

The per-name book lands here once the holdings feed goes live — coming soon. This is not a 0% return.

Recent activity

What changed at the last rebalance

Buys and sells from the most recent rebalance, per currency, as a share of the book (no dollar amounts). Low turnover is by design.

Rebalance activity publishes from the next signal rebalance

Buys and sells land here once the activity feed goes live — coming soon.

Live performance

Daily mark-to-market on the live IBKR paper account, indexed to 100 at funding, overlaid with the S&P 500 (a global anchor) and each market's primary local index, measured from the same date.

The US and EU books were relaunched onto new tranches at a flat base on 7 Jul 2026; earlier tranches are archived and no longer shown. Non-USD books are forward-only paper tracks: their walk-forward backtest is computed later (expected around September 2026), recalibrating the model's coefficients periodically, and does not gate publication.

Live curve is still building

A curve needs at least two daily marks to be meaningful. The first points land here as soon as the next sessions close.

Live model

Research signal — not a buy listas of 2026-09-11

What the strategy would pick if it rebalanced today.

The model ranks these names by signal daily; we hold the names we own until a name's signal says exit — the gap between this ranking and the Holdings above is our hold-until-exit (anti-churn) discipline. The ranking itself is the same for both tranches — the Aggressive/Conservative toggle only changes which signals trigger a trade, so it drives the Holdings and curve above, not this list. So this is a research signal, not a confirmed buy list.

Sort
Ranked picks as of 2026-09-11: rank, ticker with its exchange, signal and strength coefficient, market cap, and a link to each pick's conviction breakdown. Grouped by reporting currency; each market is ranked independently.
#TickerSignalMarket cap (USD)Drill-down
EUR · 13 picks
01
BESI
AMSTERDAM
Strong Buy10.0$16.91Bconviction →
02
ASM
AMSTERDAM
Strong Buy7.0$46.51Bconviction →
03
AM
PARIS
Strong Buy3.3$25.00Bconviction →
04
SAF
PARIS
Strong Buy3.1$154.83Bconviction →
05
EXA
PARIS
Strong Buy2.9$2.44Bconviction →
06
R3NK
XETRA
Strong Buy2.7$4.91Bconviction →
07
AIR
PARIS
Strong Buy2.2$181.19Bconviction →
08
SU
PARIS
Buy2.1$187.88Bconviction →
09
EXENS
PARIS
Sell$3.29Bconviction →
10
HAG
XETRA
Sell$10.47Bconviction →
11
MTX
XETRA
Buy1.3$21.49Bconviction →
12
DG
PARIS
Sell$70.93Bconviction →
13
NEX
PARIS
Buy1.0$7.05Bconviction →

Earlier model rankings

The model's daily rankings from earlier dates — historical model output, not executed trades. Click any ticker for the full conviction breakdown.

Sort
Ranked picks as of 2026-09-10: rank, ticker with its exchange, signal and strength coefficient, market cap, and a link to each pick's conviction breakdown. Grouped by reporting currency; each market is ranked independently.
#TickerSignalMarket cap (USD)Drill-down
USD · 20 picks
01
NVDA
NASDAQ
Hold$5.40Tconviction →
02
AVGO
NASDAQ
Strong Buy8.4$1.73Tconviction →
03
AMD
NASDAQ
Hold$850.67Bconviction →
04
CRDO
NASDAQ
Strong Buy6.4$31.56Bconviction →
05
ALAB
NASDAQ
Strong Buy5.5$52.14Bconviction →
06
TSEM
NASDAQ
Strong Buy5.4$24.48Bconviction →
07
BE
NYSE
Strong Buy4.7$79.31Bconviction →
08
AMAT
NASDAQ
Strong Buy4.2$372.08Bconviction →
09
MRVL
NASDAQ
Hold$211.20Bconviction →
10
MTSI
NASDAQ
Strong Buy3.5$21.85Bconviction →
11
SKHY
NASDAQ
Sell$1.41Tconviction →
12
RMBS
NASDAQ
Buy3.1$9.51Bconviction →
13
TSM
NYSE
Buy2.3$2.26Tconviction →
14
LSCC
NASDAQ
Sell$16.40Bconviction →
15
KLIC
NASDAQ
Sell$4.38Bconviction →
16
KLAC
NASDAQ
Buy1.3$238.98Bconviction →
17
POWL
NASDAQ
Buy1.1$6.57Bconviction →
18
VECO
NASDAQ
Buy1.1$2.73Bconviction →
19
TER
NASDAQ
Buy1.0$59.99Bconviction →
20
NVMI
NASDAQ
Buy1.0$11.89Bconviction →
EUR · 12 picks
01
BESI
AMSTERDAM
Strong Buy10.0$17.40Bconviction →
02
SMHN
XETRA
Hold$1.64Bconviction →
03
ASM
AMSTERDAM
Strong Buy6.9$47.63Bconviction →
04
AM
PARIS
Strong Buy3.4$24.99Bconviction →
05
SAF
PARIS
Strong Buy3.1$155.62Bconviction →
06
EXA
PARIS
Strong Buy2.9$2.45Bconviction →
07
R3NK
XETRA
Strong Buy2.8$4.98Bconviction →
08
AIR
PARIS
Buy2.2$180.00Bconviction →
09
SU
PARIS
Buy2.0$189.87Bconviction →
10
DG
PARIS
Sell$71.97Bconviction →
11
MTX
XETRA
Buy1.2$21.54Bconviction →
12
NEX
PARIS
Buy1.0$7.04Bconviction →

How Bottleneck Solvers picks names.

Buys the suppliers of whatever the economy is short of. When demand for compute, power, or critical materials runs far ahead of supply, the companies that own the scarce input get durable pricing power. The strategy tags each name to a bottleneck theme, then keeps only those growing fast, widening margins, AND still reasonably priced.

  1. 01

    Universe filter

    US and European listings with enough fundamental and analyst-estimate coverage to score. Each market carries its own liquidity floor, tied to a fixed entry-ticket size: a 20-day average daily turnover of at least $5M (US) or €250K (EU) — sized so a full position stays under ~0.4% of a name's daily volume.

  2. 02

    Bottleneck theme tag

    Each candidate is mapped to a structural-shortage theme (AI power and thermal infrastructure, critical minerals and shoring, advanced semiconductors, and more). Names with no bottleneck exposure are dropped. The theme map is frozen for a quarter at a time, and every theme carries a pre-registered condition under which its thesis counts as broken and the theme is retired — themes are re-derived quarterly, never quietly edited mid-quarter.

  3. 03

    Forward growth + margins

    Consensus forward revenue growth and forward net margin, plus margin expansion (forward minus trailing). Rewards companies that are growing AND getting more profitable, not buying growth at any cost.

  4. 04

    Valuation + balance sheet

    Forward PEG keeps the price sane relative to growth; debt-to-free-cash-flow screens out names whose balance sheet cannot fund the build-out.

  5. 05

    Estimate momentum

    A recent earnings-surprise (beat) score and analyst upside confirm the fundamentals are inflecting now, not just on paper.

  6. 06

    Composite score + AI research card

    Factors are z-scored and blended into a composite; the top-ranked names are selected per market. Each pick gets the same AI research card as the other strategies (Perplexity brief + 3-model council vote) before any order. On the rare day the research service is unavailable, the paper book trades on the quant ranking alone and the missing verdict is visible on the pick page.

Two tranches: one signal feed, two disciplines

Each name gets one of five signals — Strong Buy, Buy, Hold, Sell, Strong Sell — with a 1–10 strength coefficient that sorts within a level. Both tranches read the same signals and the same endorsed ranking; they differ in which buckets trigger a buy. The aggressive sleeve buys Strong Buy and Buy names; the conservative sleeve acts only on Strong Buy when adding names and holds through plain Buy — a stricter entry bar that can mean a smaller book, targeting lower volatility. Both sleeves exit on the same Sell / Strong Sell signals: the tracks differ in the entry bar, the volatility target and the per-name stop, not in how quickly they exit.

Aggressive
Acts on Strong Buy and Buy when adding names, so it deploys sooner and runs the fuller book. Targets roughly 22% annualised book volatility (a soft setting, calibrated forward on the paper track) and enforces a hard −25% per-name stop. Exits on Sell / Strong Sell.
Conservative
Acts only on Strong Buy when adding names — a stricter entry bar that can mean a smaller book. Targets roughly 14% annualised volatility (a soft setting, calibrated forward) and enforces a hard −15% per-name stop. Exits on the same Sell / Strong Sell signals as the aggressive track — the sleeves differ on entry, risk envelope and stop, not exit speed.
Rebalance cadence
Signal-driven, rebalanced daily, hold-until-exit (anti-churn): each name is held until its signal says exit, so turnover stays low. The live paper track and a credible backtest are still accumulating.
Universe
US and European growth equity tagged to a structural-supply bottleneck theme