Dynamic AI
Artificial Intelligence
+483%since inception · 2023-05
3 years ofCitrindex.
01 · Performance
Three years of compounding.
May 2023+0%
SPY+0%
QQQ+0%
DIA+0%
02 · Risk
Max drawdown.
deepest decline0%
03 · Consistency
Month after month.
positive months0%
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Total
2023
+13.1
+2.0
+5.9
+3.5
+1.6
+19.0
+8.5
+66%
2024
+3.5
+9.1
+2.0
-0.8
+4.7
-0.1
+5.2
+1.9
+6.3
+1.6
+13.8
-0.9
+56%
2025
+5.3
+0.6
-1.0
+7.7
+1.8
+2.4
+3.9
+0.7
+5.9
+7.5
-12.2
-0.9
+22%
2026
+7.1
+7.1
-10.8
+13.6
+10.8
+29%
Annualized return
+0.0%04 · Attribution
What built the return.
contribution to return+0%
05 · The ideas
The ideas behind it.
Robotics
Humanoid Robotics
+112%since inception · 2025-05
Fiscal Primacy
Fiscal Primacy
+253%since inception · 2023-09
Agentic Utilities
Agentic Utilities
+47%since inception · 2026-03
Annual collection
26 Trades for 26
PICs and Shovels
Let There Be Light
+87%since inception · 2026-03
Modern Warfare
Modern Warfare
+151%since inception · 2024-12
NatGas & Energy
Power Struggle
+74%since inception · 2024-12
Annual collection
25 Trades for 25
Connectivity
Can You Hear Me Now
+302%since inception · 2024-08
AI Fiscal Power
The Utility of Bubbles
+395%since inception · 2024-04
Interconnects
Interconnects 101
+332%since inception · 2024-07
Annual collection
24 Trades for 24
Med-Tech & Healthcare
Healthcare's Cyclical Inflection
-19%since inception · 2024-08
Water & PFAS
High Quality H2O
+42%since inception · 2024-04
GLP-1 LS
GLP-1
+54%since inception · 2023-07
06 · The engine
The library behind it all.
public baskets176
Macro+571%
CybersecurityAI+553%
Phase 1 AI (Infrastructure)AI+483%
Dynamic AIChina+438%
China Phase 1 AIPassive+395%
AI Fiscal PowerPassive+388%
Taiwan Phase 1 AITechnology+374%
Future Power and SuperconductorsAI+332%
InterconnectsAI+321%
China AI SemisAI+302%
Connectivity25 Trades for 2025+288%
25TF25: Capacitors25TF25o+270%
25TF25: Passive ComponentsGovernment Policy+253%
Fiscal PrimacyPassive+201%
Robotics Universe: ComputePassive+196%
Rare Earth MetalsGovernment Policy+184%
GOP v. DEM 2024 (Narrowed Net Long)Passive+183%
Robotics Universe: Power & Energy26TF26+179%
26TF26: AI Materials Downstream25 Trades for 2025+151%
Modern WarfareAI+138%
Edge AIChina+135%
Dynamic Chinese EquityAI+134%
TPU Suppliers25 Trades for 2025+133%
25TF25: Electronic WarfarePassive+124%
Iran: Strait of Hormuz DisruptionMicro+124%
Long MAG6 vs AAPLAI+112%
RoboticsMacro+108%
Japanese YCC Normalization (Banks vs. TOPIX)26TF26+106%
26TF26: Advanced Packaging25 Trades for 2025+105%
25TF25: Ukraine/Russia Normalization26TF26+103%
26TF26: AI Materials MidstreamPassive+101%
Robotics Universe: Sensing & PerceptionPassive+97%
Robotics UniversePassive+96%
Robotics Universe: Honorable MentionMacro+95%
PAK v TUR26TF26+91%
26TF26: Space Supply ChainPassive+87%
PICs and ShovelsPassive+87%
Robotics Universe: Industrial Automation & OEM25 Trades for 2025+87%
25TF25: EV LightweightingAI+86%
Stargate: FiberPassive+82%
Robotics Universe: Motion & ControlPassive+74%
Robotics Universe: Tele-op & CommsActively Managed+74%
NatGas & EnergyPassive+73%
Bear Market IPOs (FY22)Small Cap+73%
Small ThemesAI+71%
AI Long/Short26TF26+69%
26TF26: PTSD Top 50Macro+69%
High China Sales Exposure (Global)26TF26+69%
26TF26: AI Materials Upstream—+66%
Hard DefensePassive+64%
Robotics Universe: Humanoid OEM26TF26+64%
26TF26: PTSD Offshore DrillingAI+64%
Jukan’s AI Bottleneck BasketPassive+62%
Robotics Universe: Actuator Hardware25 Trades for 2025+61%
25TF25: Long South Africa/Short TurkeyPassive+60%
Legacy Memory SqueezeChina+60%
China Supply Side StimulusPassive+59%
Memory Testing26TF26+59%
26TF26: PTSD Full ScreenPassive+57%
SpaceX Exposure Weighted Basket—+56%
AI Power PlumbingHealthcare+55%
BiotechHealthcare+54%
GLP-1 LS25 Trades for 2025+53%
25TF25: For-Profit EducationPassive+52%
SemiCap Testing - Equipment25 Trades for 2025+51%
25TF25: Single Stock PicksTechnology+48%
Software PlaysPassive+48%
SemiCap Testing - SubsystemsPassive+47%
Agentic UtilitiesConsumer Trends+47%
Geriatric CareFinancials+47%
Good Banks vs. Not-So-Goood Banks25 Trades for 2025+46%
25TF25: Long LatAm vs. ArgentinaPassive+46%
25TF25: Core Crouching Tigers (APP, SE, CVNA)26TF26+45%
26TF26: PTSD LithiumAI+45%
Stargate: Power & EnergyPassive+45%
Fossil vs RenewableGovernment Policy+44%
EU Fiscal Primacy25 Trades for 2025+43%
25TF25: SMID Cap 5026TF26+42%
26TF26: PTSD CopperGovernment Policy+42%
Water & PFASAI+42%
Stargate: ThermalPassive+40%
Electronic Warfare Full Universe26TF26+40%
26TF26: PTSD Trucking25 Trades for 2025+39%
25TF25: Cable TV25 Trades for 2025+38%
25TF25: Pet Care ResetGovernment Policy+38%
Tariff Shipper LS25 Trades for 2025+36%
25TF25: Mobile Power GenerationEnergy+36%
26TF26: Venezuelan Oil Field Services25 Trades for 2025+33%
25TF25: Special SitsConsumer Trends+33%
Airlines Long/Short26TF26+31%
26TF26: L/S On-Device Inference vs. Laptop/PCPassive+31%
Subsea Warfare25 Trades for 2025+30%
25TF25: Digitization of Loss PreventionAI+27%
Stargate: Mechanical Electrical & PlumbingPassive+27%
Negative Trump Tax Imact25 Trades for 2025+27%
25TF25: Rare Diseases26TF26+27%
26TF26: Earned Wage Access25TF25o+26%
25TF25: Homebuilder Shorts26 Trades+24%
26TF26: GOP Loses HousePassive+23%
Greenland & Arctic Basket25 Trades for 2025+23%
25TF25: Blue Economy26TF26+22%
26TF26: Slop Bowl Economics25 Trades for 2025+21%
25TF25: Fast Finance25 Trades for 2025+21%
25TF25: Travel25 Trades for 2025+20%
25TF25: Physical SecurityGovernment Policy+20%
Deregulation BeneficiariesFinancials+18%
Payments26TF26+18%
26TF26: Oncology—+18%
Neocloud Inference Shortage26TF26+17%
26TF26: Long European UtilitiesGovernment Policy+17%
CitriniResearch Trump Tariff L/SAI+15%
Stargate: BuildingAI+14%
Stargate: Construction26TF26+14%
26TF26: Rate Sensitive RegionalsPassive+13%
Robotics Universe: Autonomy SW & Fleet MgmtAI+13%
26TF26: Bullshit Jobs Already Reducing Headcount26TF26+12%
26TF26: Shipbuilding25 Trades for 2025+12%
25TF25: Long STOXX 50 Short IWMPassive+11%
China Meat/Dairy—+11%
Analog and Power Semis—+10%
Agentic Orchestration PlanePassive+10%
Iran Conflict Beta25 Trades for 2025+10%
25TF25: Crouching Tigers, Hidden DragonsDNIPLUTUS+8%
Electrical Grid DPA WatchlistAI+8%
Atoms vs. Bits (Long Atoms)Passive+8%
Water & PFAS Full Universe25 Trades for 2025+8%
25TF25: Pre/Post Covid Operational EfficiencyPassive+7%
Positive Trump Tax ImpactPassive+7%
Mining/Metals Capital DeploymentPassive+7%
Viral Marketing (Small Themes Sub-Basket)25 Trades for 2025+6%
25TF25: PhoenixActively Managed+6%
PE/PC Names26TF26+5%
26TF26: China Trades—+4%
Trump China TripConsumer Trends+4%
Haves vs Have Nots25TF25o+3%
25TF25: Shrinkage Solutions26TF26+3%
26TF26: Consumer Liquidity BasketPassive+2%
Non-US Energy Independence & Electricity Windfall26TF26+2%
26TF26: World Cup 202625 Trades for 2025+2%
25TF25: Long XLV Short XLFPassive+1%
Precious Metals Capex BeneficiariesConsumer Trends-4%
Video Games (AI Upside)26TF26-4%
26TF26: Midterm Media SpendPassive-5%
24TF24: Cosmetics25TF25o-6%
25TF25: Shrinkage Digital Solutions25 Trades for 2025-6%
25TF25: Long DAX Short MDAX26TF26-6%
26TF26: Global Tire Basket25 Trades for 2025-7%
25TF25: Long YETI Short SharkNinja25 Trades for 2025-8%
25TF25: RemittancesActively Managed-10%
Bread and Circuses26TF26-10%
26TF26: Bread and Circuses26TF26-10%
26TF26: The Girlfriend Index26TF26-11%
26TF26: BS Jobs Narrowed PicksFinancials-11%
Insurance Long ShortGovernment Policy-13%
GOP vs. Democrat L/S Market NeutralPassive-13%
AI Insulated vs. Exposed REITs L/SPassive-13%
Iran Conflict: Country Level Positioning L/SPassive-14%
China Demand Side Stimulus25 Trades for 2025-17%
25TF25: Furniture25 Trades for 2025-18%
25TF25: US SMID Debt Service Coverage Ratio: Long Best/Short WorstHealthcare-19%
Med-Tech & Healthcare26TF26-21%
26TF26: RNA26TF26-24%
26TF26: Hawkish ECB vs Dovish Fed26TF26-24%
26TF26: Insurance MarketingPassive-26%
R2K Interest Coverage Deciles: Top vs Bottom (FY23)Consumer Trends-26%
Cyclical Normalization L/S25 Trades for 2025-26%
25TF25: PermittingPassive-27%
Sports Betting25 Trades for 2025-28%
25TF25: Food QualityPassive-30%
China ADR Graham Net-NetsGovernment Policy-32%
Trump Tax ShortsMacro-36%
Stagflation Risk (2025 Tariff-Driven)25TF25o-40%
25TF25: L/S Agricultural DronesPassive-43%
AI Standalone Losers - Less Deus More MachinaPassive-45%
25TF25: Long Deregulation/Short IRAGovernment Policy-59%
Trump CSI GriftAI-70%
AI & Thematic Momo Shorts