IM25

The IM25 vs the S&P 500.

A committed public book of 25 high-moat names.

IM25 vs S&P 500

IM25

-1.10%

NAV 98.90

VOO

-0.19%

Index 99.81

-0.90% pp vs VOO

IM25 vs S&P 500
Date	IM25	VOO
2026-08-21	100.00	100.00
2026-08-24	99.73	99.73
2026-08-25	100.48	100.04
2026-08-26	100.62	100.07
2026-08-27	102.35	100.72
2026-08-28	101.56	100.50
2026-08-31	100.68	100.17
2026-09-01	98.29	99.51
2026-09-02	98.05	99.96
2026-09-03	99.93	101.00
2026-09-04	99.65	100.61
2026-09-08	98.50	100.05
2026-09-09	97.29	99.60
2026-09-10	96.46	99.00
2026-09-11	97.18	99.84
2026-09-14	97.15	99.37
2026-09-15	96.01	98.93
2026-09-16	96.13	98.51
2026-09-17	96.66	99.62
2026-09-18	96.65	99.73
2026-09-21	98.60	101.29
2026-09-22	98.89	101.29
2026-09-23	98.59	100.55
2026-09-24	98.72	100.47
2026-09-25	98.76	101.01
2026-09-28	98.15	99.99
2026-09-29	98.49	99.82
2026-09-30	98.44	99.59
2026-10-01	98.90	99.81

Book log

NVDA, DASH, GOOGL, AVGO, SPCX, BTC in. LLY, VST, LMT, RDDT, GEV, KLAC out. · Sep 28, 2026

Opening book · Aug 21, 2026 · composite ≥80 · moat ≥70

Every signed move

IM25 Portfolio

By sector

Size is book weight. Coloured by sector until prices load.

−3%−2%−1%0%+1%+2%+3%

1-Year Cases

IM25 weighted