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 Apr 2026
In my investment journey, there have been three occasions where I witnessed a company deliver a 10x return.
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MyNest US Fund Apr 26
The market rebounded strongly in April as investors appeared to look past geopolitical uncertainty and renewed their focus on earnings, artificial intelligence, and the long-term growth prospects of quality businesses.
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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
MYNEST.SG 