Dear Investors,
After plunging about 15% from its April lows, the S&P 500 recovered to a new all-time high in just 89 trading days, making it the fastest ever rebound to a record high in recent history.
As you know, we have been busy during this period deploying your funds to good use. I thank you for the trust placed in me by entrusting even more of your hard-earned cash. With the fund infusion, cash made up 17.46% of the portfolio. As such, I have closed all fundraising activities until further notice.
MyNest US Fund is up 7.9% at the half-year mark. This result, while only short-term, beats the S&P 500 returns of 5.5% year to date.
The Rise of the Robotaxis
Notably, the month of June saw the launch of Tesla’s robotaxi in Austin, Texas. The introduction of Tesla fleet now gives Waymo, the autonomous driving leader owned by Google a run for its money.
The launch of Tesla’s robotaxi, however, still requires a safety passenger, while Waymo cabs using lidar sensors are fully autonomous. It will be interesting to see how long Tesla takes to send their robotaxi onto the road in Austin autonomously.
Meanwhile, a day after the Tesla event, Waymo launched on Uber in Atlanta, making it the 2nd city in a row in collaboration with Uber. Our thesis on Uber is that it supercharges autonomous vehicles, making them more efficient and thus maximising revenue for robotaxis.
New Investments
MyNest US Fund became new owner of Lululemon and Salesforce during the month. Both companies have a track record of growing revenue and earnings. As such, the addition of these new investments should make our portfolio more resilient.
MyNest US Fund Portfolio Compositions
MyNest US Fund Performance
The S&P 500 gained further ground during Jun, driven again by the Magnificent 7. Our portfolio continues to struggle to keep pace with the gains, but maintains a slim lead by 2.4%. I would not be surprised MyNest US Fund is overtaken by the index by year end especially if more upside entails.
Segment Chart
MyNest US Fund’s cash level at 17.46% allows us to continue to look for opportunities to deploy and grow the portfolio. However, I am closing the fundraising upon further notice as I do not wish for cash to build up and hence putting a drag on the fund’s performance.
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The SRS Fund Mar 2026
It is an enduring market reality that a concentrated minority of holdings drives the vast majority of returns. For years, DBS (currently the largest individual holding at 20.6%) has served as the compounding engine of the SRS Fund.
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MyNest US Fund Mar 26
March shattered any lingering market complacency, pivoting sharply from the localized damage of the “SaaS-pocalypse” to a systemic shock driven by the war in Iran.
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The SRS Fund Feb 2026
The Singapore Budget 2026 has set a robust backdrop for local investors. For the third consecutive year, the government is operating from a position of immense “dry powder,” with an overall fiscal surplus of $8.5 billion projected for FY2026.
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MyNest US Fund Feb 26
February 2026 proved to be one of the most challenging months for our fund since its inception. A wave of “AI anxiety” swept through the Software-as-a-Service (SaaS) sector
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The SRS Fund Jan 2026
After a blockbuster 2025 that saw GDP growth hit a surprise 4.8%, the first month of 2026 has proven that the momentum is far from a fluke. Between record-breaking stock market performance and massive industrial investments, the “Little Red Dot” is making a very big noise.
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MyNest US Fund Jan 26
I have a confession to make. After reading Chip War at the end of 2022, I fully grasped the strategic importance of TSMC and ASML in the global semiconductor supply chain.
MYNEST.SG 