

Returns of 16 consecutive positive quarters of small cap investing (in EUR): 2025: +121% 🍾 2024: +27% 2023: +42% 2022: +66% -------------- CAGR: 60% Top positions going into 2026: 1. Altyngold $ALTN.L 2. LGI Homes $LGIH 3. Serabi $SBI.TO Biggest winners in 2025: - Singapore construction (OKP, Soilbuild, Huationg) - Gold miners (Altyn, Serabi) - Vilkyškių, DBA Group, Nextvision, BSH, Cedergrenska .... Losers in 2025: - $HASH (-4%), $LGIH (-2%) Thanks everyone & Happy New Year 🪩 Let's go get in 2026




















