Zechariah Bin Zheng @FundManagerZech: "🫀 𝗪𝗲𝗲𝗸𝗹𝘆 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝗛𝗲𝗮𝗿𝘁𝗯𝗲𝗮𝘁 —..."

Australia

🫀 𝗪𝗲𝗲𝗸𝗹𝘆 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝗛𝗲𝗮𝗿𝘁𝗯𝗲𝗮𝘁 — 𝟭𝟳𝘁𝗵 𝗝𝘂𝗻𝗲 𝟮𝟬𝟮𝟲 🔄 𝗪𝗵𝗮𝘁 𝗰𝗵𝗮𝗻𝗴𝗲𝗱 * Two new positions were initiated this week: $ABVX (Abivax SA) and $9503.T (The Kansai Electric Power Co. Inc.) * $ABVX is being treated as a small, binary-style position. * Position sizing remains intentionally limited and within the portfolio’s risk parameters. * The position will be monitored closely given the nature of the setup. * $9503.T was also initiated as an early position. * The company remains under further review before any meaningful increase in sizing. * Additional research and upcoming earnings reports will be needed before considering further allocation. 🛡️ 𝗥𝗶𝘀𝗸 𝗽𝗼𝘀𝘁𝘂𝗿𝗲 * The portfolio remains under pressure, mainly due to China exposure and reduced participation in oil-related strength. * This is uncomfortable, but it does not change the overall process. * Overall risk management remains unchanged. * New positions are being added gradually and within existing sizing limits. * Higher-uncertainty positions remain small by design. * Capital deployment continues to follow the same valuation, research, and risk framework. * No urgency is being placed on increasing exposure before the work is complete. * Existing positions continue to be monitored for valuation, downside risk, and portfolio fit. No new macro views.

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

2 Mentioned

ABVX

Abivax SA

9503.T

The Kansai Electric Power Co. Inc.

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