February 23, 2026 | Read Online​

🔐 Unlocked: HALO Investing Theme

PLUS: 2025 Q4 13F Filings Report

👋 Happy Monday!

Stock market indices finished last week in the green, major cryptos still under-performed, and investors became less fearful.
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What we've got in this edition:

• 🚨 Market Radar Highlights.
• 💬 AI Prompt. How to invest in companies that are AI-proof.
• 🔎 Smart Money Tracking. 2025 Q4 13F Filings Report.

👨‍⚖️ Supreme Court strikes down Trump's tariffs.​

👀 Anthropic refuses to play Big Brother.​

😇 HALO investment theme for 2026.​

💼 Invest in SpaceX and Anthropic through this fund.​

🤓 Use this formula to create the perfect investment portfolio.​

EARNINGS

Companies Reporting Earnings, Week of February 22nd, 2026:

Join EarningsHub

😇 HALO Investing: Heavy Assets, Low Obsolescence

HALO (Heavy Assets, Low Obsolescence) is an investing theme focused on companies that:

• 🏗️ Own hard, physical assets that are expensive and time-consuming to replicate
• 🔒 Operate in industries with low technological obsolescence risk
• 🏛️ Benefit from regulatory barriers, permits, land control, or infrastructure moats
• 💵 Generate steady cash flows with pricing power due to scarcity

In a world obsessed with AI disruption, HALO investors look for businesses that AI can't easily replace, digitize, or commoditize.

⚙️ Prompt: Identify AI-Resistant Companies

🪪 ROLE: You are a long-term value investor specializing in infrastructure, asset-heavy industries, and economic moats.

✍️ TASK: Identify and evaluate publicly traded companies that are structurally resistant to AI disruption. Determine whether the company qualifies as a HALO (Heavy Assets, Low Obsolescence) investment.

⛓️ CONSTRAINTS:

1. Focus only on businesses with significant physical asset bases (PP&E-heavy balance sheets).
2. Exclude software, SaaS, digital marketplaces, media platforms, and purely intellectual-property businesses.
3. Assess obsolescence risk over a 10–20 year horizon.

☑️ OUTPUT:

1. AI Disruption Analysis
   • Can AI improve operations?
   • Can AI replace the core business?
   • Is disruption incremental or existential?
2. Verdict
   • HALO Qualified / Borderline / Not HALO

🗂️ 2025 Q4 13F Filings Report: How did the biggest funds restructure their portfolios?

Bridgewater Associates, LP (Balanced Investing Approach)

🟢 Top 5 Buys 🟢

1️⃣ SPDR S&P 500 ETF Trust

• Ticker: SPY
• Sector: ETF – Large Cap Blend
• % of Portfolio: 11.08% (+4.39%)
• Change in Shares: +73.69%

2️⃣ Micron Technology Inc

• Ticker: MU
• Sector: EQUITY – Technology
• % of Portfolio: 0.93% (+0.93%)
• Change in Shares: +52,355.19%

3️⃣ Oracle Corp

• Ticker: ORCL
• Sector: EQUITY – Technology
• % of Portfolio: 1.33% (+0.88%)
• Change in Shares: +361.13%

4️⃣ NVIDIA Corp

• Ticker: NVDA
• Sector: EQUITY – Technology
• % of Portfolio: 2.63% (+0.8%)
• Change in Shares: +54.01%

5️⃣ Newmont Corporation

• Ticker: NEM
• Sector: EQUITY – Basic Materials
• % of Portfolio: 0.84% (+0.71%)
• Change in Shares: +496.13%

🔴 Top 5 Sells 🔴

1️⃣ Uber Technologies Inc

• Ticker: UBER
• Sector: EQUITY – Technology
• % of Portfolio: 0.38% (−1%)
• Change in Shares: −64.23%

2️⃣ Fiserv Inc

• Ticker: FISV
• Sector: EQUITY – Technology
• % of Portfolio: 0.00% (−0.8%)
• Change in Shares: Exit

3️⃣ Alphabet, Inc. Class A

• Ticker: GOOGL
• Sector: EQUITY – Communication Services
• % of Portfolio: 1.82% (−0.71%)
• Change in Shares: −40.06%

4️⃣ Meta Platforms, Inc.

• Ticker: META
• Sector: EQUITY – Communication Services
• % of Portfolio: 0.54% (−0.66%)
• Change in Shares: −46.34%

5️⃣ Microsoft Corp

• Ticker: MSFT
• Sector: EQUITY – Technology
• % of Portfolio: 1.74% (−0.49%)
• Change in Shares: −10.31%

Berkshire Hathaway Inc. (Value Investing Approach)

🟢 Top 5 Buys 🟢

1️⃣ Chubb Ltd

• Ticker: CB
• Sector: EQUITY – Financial Services
• % of Portfolio: 3.90% (+0.59%)
• Change in Shares: +9.31%

2️⃣ Liberty Live Holdings Inc

• Ticker: LLYVK
• Sector: EQUITY – Communication Services
• % of Portfolio: 0.32% (+0.32%)
• Change in Shares: New

3️⃣ Chevron Corp

• Ticker: CVX
• Sector: EQUITY – Energy
• % of Portfolio: 7.24% (+0.15%)
• Change in Shares: +6.63%

4️⃣ Liberty Live Holdings Inc

• Ticker: LLYVA
• Sector: EQUITY – Communication Services
• % of Portfolio: 0.15% (+0.15%)
• Change in Shares: New

5️⃣ New York Times Co/The

• Ticker: NYT
• Sector: EQUITY – Communication Services
• % of Portfolio: 0.13% (+0.13%)
• Change in Shares: New

🔴 Top 5 Sells 🔴

1️⃣ Amazon Inc

• Ticker: AMZN
• Sector: EQUITY – Consumer Cyclical
• % of Portfolio: 0.19% (−0.63%)
• Change in Shares: −77.24%

2️⃣ Bank of America Corp

• Ticker: BAC
• Sector: EQUITY – Financial Services
• % of Portfolio: 10.38% (−0.6%)
• Change in Shares: −8.94%

3️⃣ Liberty Media Corp - Liberty Live Group

• Ticker: LLYVK
• Sector: EQUITY – Communication Services
• % of Portfolio: 0.00% (−0.4%)
• Change in Shares: Exit

4️⃣ DaVita Inc

• Ticker: DVA
• Sector: EQUITY – Healthcare
• % of Portfolio: 1.32% (−0.28%)
• Change in Shares: −1.25%

5️⃣ Liberty Media Corp - Liberty Live Group

• Ticker: LLYVA
• Sector: EQUITY – Communication Services
• % of Portfolio: 0.00% (−0.19%)
• Change in Shares: Exit

ARK Investment Management LLC (Growth Investing Approach)

🟢 Top 5 Buys 🟢

1️⃣ Beam Therapeutics Inc

• Ticker: BEAM
• Sector: EQUITY–Healthcare
• % of Portfolio: 2.29% (+0.7%)
• Change in Shares: +12.94%

2️⃣ Alphabet, Inc. Class C

• Ticker: GOOG
• Sector: EQUITY–Communication Services
• % of Portfolio: 1.14% (+0.65%)
• Change in Shares: +61.05%

3️⃣ Baidu Inc

• Ticker: BIDU
• Sector: EQUITY–Communication Services
• % of Portfolio: 1.00% (+0.6%)
• Change in Shares: +127.75%

4️⃣ 10X Genomics Inc

• Ticker: TXG
• Sector: EQUITY–Healthcare
• % of Portfolio: 1.37% (+0.54%)
• Change in Shares: +6.56%

5️⃣ CoreWeave

• Ticker: CRWV
• Sector: EQUITY–Technology
• % of Portfolio: 0.91% (+0.53%)
• Change in Shares: +311.2%

🔴 Top 5 Sells 🔴

1️⃣ Roblox Corp

• Ticker: RBLX
• Sector: EQUITY–Communication Services
• % of Portfolio: 2.60% (−1.78%)
• Change in Shares: −9.01%

2️⃣ Tesla Inc

• Ticker: TSLA
• Sector: EQUITY–Consumer Cyclical
• % of Portfolio: 8.70% (−0.8%)
• Change in Shares: −18.81%

3️⃣ Exact Sciences Corp

• Ticker: EXAS
• Sector: EQUITY–Healthcare
• % of Portfolio: 0.00% (−0.71%)
• Change in Shares: −100%

4️⃣ GitLab Inc

• Ticker: GTLB
• Sector: EQUITY–Technology
• % of Portfolio: 0.22% (−0.7%)
• Change in Shares: −74.88%

5️⃣ Robinhood Markets Inc

• Ticker: HOOD
• Sector: EQUITY–Financial Services
• % of Portfolio: 3.61% (−0.67%)
• Change in Shares: −4.2%

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​ 🤑🤑🤑 Keep 'Em Coming, Big Boy ​

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As always, thanks for reading and stay tuned for next week's edition!

Tech Fizz Team, signing off 🫡

DISCLAIMER: The content in this newsletter is not financial advice; it is for educational and informational purposes only. Stocks can be risky and speculative. Please do your own research before investing.