Portfolio Update: Initial Positions Established
March, 31 2026 | Nobel Select Research
What We've Bought
Today marks the official inception of the Nobel Select Model Portfolio. We have established three initial positions that reflect our current market outlook and strategic positioning for the year ahead. These are smaller positions, and we'll be building and expanding the portfolio over the next weeks and months to come. Make sure to be subscribed or check out the website regularly for updates.
|
Symbol
|
Company
|
Shares
|
Avg Cost
|
Sector
|
|---|---|---|---|---|
|
IAUP
|
iShares Gold Producers UCITS ETF
|
250
|
USD 41.33
|
Gold
|
|
9880.HK
|
Ubtech Robotics Corp Ltd
|
1,500
|
HKD 95.00
|
Technology
|
|
0700.HK
|
Tencent Holdings Ltd
|
250
|
HKD 484.60
|
Technology
|
The Thesis In Brief
Gold Producers ETF (IAUP): We initiated exposure to gold miners following the sector's recent pullback. The macro backdrop remains supportive—real rates have peaked, central bank demand continues, and geopolitical uncertainty shows no signs of abating. Miners offer leveraged exposure to the gold price at attractive valuations relative to the broader market.
Chinese Technology (9880.HK & 0700.HK): We are taking measured exposure to two high-conviction names in the Chinese technology sector. Tencent remains a dominant force in gaming, social, and fintech with improving regulatory clarity. Ubtech Robotics represents a more speculative position in the humanoid robotics theme, an area we believe will see significant capital flows over the next 3-5 years, with Ubtech Robotics being favorably positioned.
What's Coming
This is a holding announcement only. Full research reports with detailed thesis, risk analysis, and price targets will be published over the coming days:
- Tencent Deep-Dive: Valuation, competitive moat, and catalysts
- Ubtech Robotics Analysis: The humanoid robotics opportunity and key risks
- Gold Sector Outlook: Why miners, why now, and what could go wrong
Our inaugural Weekly Market Recap will also be published this weekend, covering broader market movements and portfolio positioning rationale.
Technical Note: Currency Display
Astute readers will notice that all portfolio values currently display in USD. Our two Hong Kong-listed positions (9880.HK and 0700.HK) are denominated in HKD. The platform is currently calculating totals without proper FX conversion, which understates both the true portfolio value and individual position weights.
This will be corrected within the next days. We are implementing real-time FX conversion for multi-currency holdings. Until then, treat the displayed totals as approximate.
Transparency Commitment
Every position in this portfolio is documented publicly. We will report wins and losses with equal candor. Our track record starts today. Hold us accountable.
Welcome to Nobel Select.
The Nobel Select Research Team
Disclosure: The authors may hold personal positions in securities mentioned above. This is a model portfolio for educational purposes and does not constitute investment advice.