Maurizio Priamo @Maurizio_P: " SUBJECT: Weekly Performance Update |..."

Italy

SUBJECT: Weekly Performance Update | May 04–08 Dear Investors, as anticipated, here we are with the usual weekly update on the portfolio performance. 🔹 Weekly Performance: +4.53% A very solid week, with performance outperforming most global equity indices. The result was mainly driven by Technology & AI. $NVDA (NVIDIA Corporation) $AMD (Advanced Micro Devices Inc) $TSM (Taiwan Semiconductor Manufacturing Co Ltd - ADR) $ASML (ASML Holding NV) $MU (Micron Technology, Inc.) all benefited from strong post-earnings momentum and a continuous flow of positive news related to AI and data centers. ✅ Financials & Quality Growth $GS (Goldman Sachs Group Inc) contributed positively in an environment of still-elevated but stable interest rates. $AMZN (Amazon.com Inc) $GOOG (Alphabet) and $MSFT (Microsoft) remain long-term core holdings, with short-term volatility but intact fundamentals. ✅ Italy & Quality Defensive Stocks $PST.MI (Poste Italiane) played a key role in portfolio stabilization and value generation. The Italian allocation continues to add robustness to the portfolio, especially during periods of macroeconomic uncertainty. ⚠️ Commodities $GOLD remained stable and effective as a hedge. $silver rebounded (+7%) and is maintained for diversification purposes and potential cyclical catch-up. 🔹 Weekly comparison with major indices $SPX500 ……… +2.36% | YTD +7.88% $NSDQ100 …… +5.42% $DJ30 ………… +0.39% $EUSTX50 …… +0.56% ➡️ The portfolio is broadly in line with the Nasdaq but with significantly higher diversification, thanks to the combination of AI, financials, Italy, and real assets. 🔹 Cumulative Performance - May (MTD): +5.61% - Year to date 2026 (YTD): +2.08% - Last 2 years (since January 2024): +220% - Over-performance vs S&P 500 (YTD): -5.08% After a challenging start to 2026, we are back in positive territory YTD. The recovery is gradual but structural, not driven by short-term tactical bets. 🔹 What happened in the markets (May 03–09, 2026) USA: New highs for the S&P 500 and Nasdaq, driven by very strong tech earnings and macro data pointing to a resilient economy. AI & Semiconductors: They remain the true engine of the market. Earnings from AMD, PLTR, and APP strengthened sentiment across the entire sector. Geopolitics & Oil: Elevated volatility around the Middle East/Hormuz theme, but limited impact on equity markets thanks to solid earnings. Europe: More cautious, weighed down by energy-related concerns, but with individual standouts (such as Poste Italiane) continuing to perform very well. 🔹 Copiers & Portfolio Data Copiers: 108 (-4 vs previous week) Assets under management: €242,000 (+€3,000 vs previous week) A slight decline in copiers, which is normal after periods of high volatility. The focus remains on performance, risk management, and strategy consistency: over the medium term, these are the elements that build a strong and sustainable community. 🔹 Portfolio Structure No structural changes compared to the previous week. The portfolio remains positioned with: A high-growth AI & Tech core Quality, cash-flow-resilient stocks (ENEL, Poste, Roche, AstraZeneca) Hedges and diversification (gold, crypto with controlled sizing) 🔹 Looking ahead to next week Monitoring US inflation and interest rates Attention to geopolitical volatility Evaluation of potential tactical profit-taking on extended positions, without affecting the long-term core holdings Conclusion A very positive week, confirming that staying invested with a clear and disciplined strategy is often the best choice. The portfolio continues to combine growth, quality, and risk control. Full speed ahead. Maurizio ------------ Copy Trading is not investment advice | Capital at risk | Past performance does not guarantee future results

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