Concentrated Alpha: A Full Review of My Real-World Portfolio

Introduction I have long promised to provide a portfolio overview here on GNG Research.  Because of that promise and the rapidly growing GNG Research community on top of the massive structural shifts that are unfolding in the economy right now, it is the perfect time to show you exactly what I own - and why I own it. It also helps to know that this portfolio accounts for nearly every penny of my liquid net worth, which explains how seriously I take this.  And given that this portfolio is truly the basis for my financial future, there's little room for mistakes. If you are even a bit familiar with my work, you already know my philosophy as a long-term investor. I do not run a standard 60/40 portfolio, and you will not find a basket of overvalued Big Tech names here. Although I have nothing against Big Tech, right now, I see value elsewhere.  Moreover, I am 30 years old, which means I am decades away from the legal retirement age. And, God willing, I do have plenty of time to compound my wealth. That's also why I do not prioritize current income, as my average weighted portfolio yield sits right around 1.1%. Instead, my entire liquid net worth is a high-conviction bet on the "real economy." I focus heavily on free cash flow per share growth, compounding M&A, and aggressive buybacks. I want hard assets, logistics, wide-moat financials, and industrial compounders. Furthermore, my thesis has consistently been that the era of "free money" and digital-only growth is dead. I am convinced that we are transitioning into an era of physical constraints, sticky inflation, and re-industrialization. So far, that thesis is looking good, as 2026 (so far) has been a true turnaround.  And while I do not run an event-driven portfolio, but one that should allow me to consistently compound wealth over time, if I'm right about this thesis, I expect substantial alpha. Now, let's dive into the details of my portfolio!