Every call ever made, marked to market, benchmark-relative, and currency-adjusted. The calls that don't pan out stay on the record. No cherry-picking.
Fewer than 5 resolved calls, so treat results as noise. · 5 more resolved calls for Emerging. · 1 coverage report (tracked, excluded from hit rate).
Hit rate is realized return > 0 over resolved calls (closed, target-based) only. Return and alpha averages include coverage reports; open positions are unrealized MTM and never in the hit rate.
| Ticker | Dir | Thesis | State | Called | Entry | Mark | Return | Bench | Alpha | Hold |
|---|---|---|---|---|---|---|---|---|---|---|
| MAXX | long | intact | open | Jul 27, 2026 | C$2.09 | C$3.01 | +44.0% | -1.1% | +45.1% | 1mo |