Performance
Market
Outperformance.
While others track the index, Cernunnos actively manages risk. We capture the skew that nature provides to the bold.
Allocation
High Conviction
Core Positions
Nebius Group N.V. Class A Ordinary Shares
AST SpaceMobile, Inc. Class A Common Stock
Oscar Health, Inc.
Chime Financial, Inc. Class A Common Stock
BitMine Immersion Technologies, Inc.
Strategic Beta
Strategy Inc Common Stock Class A
Geometric Growth
"Compound interest is the 8th wonder of the world. He who understands it, earns it... he who doesn't... pays it."
The Doctrine
Foundational
Law
Concentration
Diversification preserves wealth; concentration builds it. We focus on our highest-conviction ideas where we identify significant asymmetric upside, rather than diluting returns across mediocre assets.
The Skew
We calculate the skew. We look for scenarios where the market has fundamentally mispriced the probability of an outcome, offering a limited downside with exponential upside potential.
Active Action
Passive investing is for preservation. To generate alpha, one must be active. We trade rarely, but decisively. The hardest work in investing is doing nothing when your thesis is playing out.
Volatility
We view volatility as the price of admission for outsized returns, not as risk. True risk is the permanent impairment of capital, not temporary price fluctuations. Be prepared for swings.