Dear Investors,
I am happy to report that the fund has returned to keep pace with our benchmark the S&P500 index, despite it being structured to be a more resilient portfolio.
There were minimal changes to the fund as Zoom was sold due to its low growth profile, and in its place is a new holding in Okta. Okta is a Saas business in the user authentication space, which is quickly turning profitable due to economies of scale.
Like Zoom, it is competing in a space where its competitors like Microsoft, are giving out the same service for free. However, unlike Zoom, its customers cannot depend on just Microsoft unless they subscribe to Microsoft’s entire ecosystem. Hence, Okta value proposition is that it enables enterprise users to have a single login with multiple applications
Doubling Down on Paypal
The fund added even more PayPal stocks during the month. This is despite the ultra-competitive environment in the payment space. I truly believe the transformation of PayPal is well underway under its new CEO Alex Chriss.
No longer is PayPal an old juggernaut that is difficult to pivot as it gears up with new offerings, giving its competitors like Stripe and Adyen a run for their money. Given their vast user base of PayPal it can easily act like what Apple does to delight their customers with new and convenient services.
If your fund manager is correct PayPal together with Google and Uber will form the tip of the spear driving performance of the fund for many years to come.
MyNest US Fund Portfolio Compositions
MyNest US Fund Performance
Mynest US Fund outperformed the S&P 500 again with a year-to-date gain of 11.7%. This result was acheived by the strong performance of both Google and Uber with their increasingly stellar earnings performance.
Segment Chart
The fund segment remains diversified but yet able to generate outperformance. With cash coming down to the 10% level, I will be reopening fundraising activities for family members who wish to participate in our compounding journey. Do read the terms & conditions carefully before putting up your hard earn cash.
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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 