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 Jul 2026
For much of 2026, the market’s attention has been firmly fixed on AI, semiconductors and anything connected to the massive build-out in computing infrastructure.
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MyNest US Fund Jul 26
After spending a long period watching the artificial intelligence infrastructure build-out from the sidelines, we finally decided to join the party—albeit cautiously.
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The SRS Fund Jun 2026
The month of Jun provided an important milestone in the Iran conflict. The agreement between the United States and Iran marked a significant step towards reducing geopolitical tension and reopening a clearer path for global energy flows
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MyNest US Fund Jun 26
June was another remarkable month in the evolution of the global capitalism and the artificial intelligence investment cycle.
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The SRS Fund May 2026
Korea, powered by the worldwide shortage and surge in memory demand, was hit directly by the AI wave, with its stock market more than doubling in a matter of 5 months. Taiwan, already the world’s most important advanced chip manufacturing hub has risen to become one of the largest stock market globally.
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MyNest US Fund May 26
May has been an incredibly illuminating month for the MyNest US Fund. Looking across the broader landscape, the S&P 500 Index has continued its steady leg up, gaining +5.15% in the month of May alone to push its Year-to-Date (YTD) gain to +10.73%.
MYNEST.SG 