Vladyslav Koptiev @AtlasCapital: "𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝘂𝗽𝗱𝗮𝘁𝗲 - 𝗔𝗽𝗿𝗶𝗹 𝟮𝟬𝟮𝟲 AtlasCapital..."

Malta

𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝘂𝗽𝗱𝗮𝘁𝗲 - 𝗔𝗽𝗿𝗶𝗹 𝟮𝟬𝟮𝟲 AtlasCapital April 4% SP500 April 10% AltasCapital YTD -1% SP500 YTD 5.7% Our portfolio recently underperformed the $SPX500 . An important observation is the S&P's year-to-date returns by sector. The S&P's performance in 2026 is mainly driven by just three sectors: Hardware, Semiconductors, and Energy. Unfortunately, we have limited exposure to the first two, aside from our VGT position, and no exposure to Energy. Excluding these three sectors, the S&P's estimated return is nearly flat at around 0.5%. The key question is whether the market has gone too far with its valuations. I believe it has, but the final point of the growth story remains uncertain from a pricing perspective. The industry itself offers an outstanding forward CAGR, but it seems those gains are already priced in. I am comfortable holding cash and slightly underperforming the market. Although opportunity costs are real, peace of mind matters more. Moving forward, I plan to allocate up to 10% of my portfolio to high-potential sectors like robotics, quantum computing, and AI agents. 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀 ➖ $UNH (UnitedHealth) fully disposed. Prices are regulated by government agency here, meaning that any investor will have to accept dependence on gov employees goodwil. Not something I am excited about, therefore United Health shares were fully disposed in April. ➕ Added OCGN. My new Assymetric bet within Modifier Gene Therapies. This is potential 10x from here, so I am equally ready for the stock to go to 0 or to the sky. ➕ IQON – minor entry in May within Quantum computing. One of the highest theoretical CAGR industries, but also one of the lowest near-term commercialization probabilities. Will keep observing. 𝗦𝘁𝗿𝗲𝘀𝘀 𝘁𝗲𝘀𝘁 If SP500 collapses by 50%, our portfolio is expected to drop by 23%. 𝗛𝗼𝗹𝗱𝗶𝗻𝗴𝘀 𝗮𝘀 𝗼𝗳 𝟬7/𝟬5/𝟮𝟬𝟮𝟲: BIL 16% PRAB 13% SHY 7% FTSL 4% BKLN 4% $EVO.ST (Evolution AB ) 4% $NVO (Novo-Nordisk A/S SPONS ADR) 4% Cash 4% IEI 3% PNDORA 3% LQD 3% ADBE 3% USMV 3% SPHD 3% $PYPL (PayPal Holdings) 3% VGT 3% OCGN 2% MBIN 2% WKL 2% EGBN 2% LULU 2% NVDA 2% Other 10% 𝗕𝗿𝗲𝗮𝗸𝗱𝗼𝘄𝗻 𝗯𝘆 𝘀𝗲𝗰𝘁𝗼𝗿/𝗮𝘀𝘀𝗲𝘁 𝗰𝗹𝗮𝘀𝘀 Cash and equivalents – 40% Bonds ETF – 14% Consumer Cyclical – 12% Technology – 9% Financials – 8% Low volatility ETF – 8% Healthcare – 6% Industrials – 2% Communication Services – 1% Stay safe and invest responsibly. Vlad.

Not investment advice. The author may have financial interests in the mentioned instruments.