Q2 2026 ↗GOAS increased its weighting toward US-listed equities while retaining an all-season balance across growth and inflation exposures. It argues that stable growth, stubborn inflation and mixed market internals favor diversification over a conventional 60/40 portfolio or directional forecasts.Q2 2026 +4.2%TCAI
Q1 2026 ↗Grey Owl All-Season Strategy increased fixed income and cash, trimmed gold and commodities after their advances, realized some energy gains, and concentrated global equities in Latin America and Asia. It sees accelerating growth alongside inflation and unresolved Middle East risks, retaining a balanced but cautious stance with capital available to deploy on weakness.first quarter of 2026 +1.7%—
Q4 2025 ↗Grey Owl All-Season Strategy increased exposure to U.S. small-cap equities, emerging-market and global equities, precious metals, and commodities while cutting fixed income and cash. It argues that accelerating growth, disinflation, improving market breadth, and easier comparisons for cyclical businesses favor broader equity leadership beyond mega-cap technology.fourth quarter of 2025 +2.4%—
Fata Morgana ↗Grey Owl Capital Management treated the fourth-quarter sell-off as a buying opportunity, adding to Jefferies, Allergan, Booking.com, Labcorp and the MSCI Momentum ETF while initiating Caesars Entertainment. It cut TripAdvisor after improved network economics and attractions growth, arguing that credit spreads and market breadth did not warrant a more defensive stance.fourth quarter of 2018 —JEF$12BTRIP$1.2BAGNdelistedBKNG$158B
