Reference Portfolio · Updated
Global Tech 50
~50 ex-US technology names with long track records — Rolls Royce, Spotify, TSMC, Hitachi, Safran, Nu Holdings, and others.
Thesis
Global Tech 50 is the Closelook view on technology outside the US mega-cap complex. US tech dominates coverage and crowding; the rest of the world holds real franchises that trade at structurally lower multiples simply because Wall Street does not cover them with the same intensity. The portfolio isolates those franchises — European industrial technology (Safran, Rolls Royce), Asian semiconductor incumbents (TSMC, Hitachi, Samsung via ADR), Latin American fintech (Nu Holdings), and the selective consumer-tech names that pair growth with cash-flow discipline (Spotify).
The portfolio carries currency exposure as a feature, not a bug. When the dollar weakens, unhedged non-US equity outperforms US peers by the FX move before considering fundamentals. When it strengthens, hedging matters less because the positions are quality-first and can absorb translation drag.
Rebalancing is quarter-driven with event-based overrides when a sentinel breaks (regulatory event, earnings discontinuity, geopolitical step-change affecting supply chains).
Structure
- Equities50
- Cash1
51 equity positions · CH, EU, US . Benchmark: MSCI ACWI ex-US (ACWX).
Composition
51 positions grouped by segment. Values in each group's native currency; portfolio weight is USD-normalised. Snapshot from Apr 16, 2026.
Equities (USD)
| Symbol | Units | MV | Unrealized | Weight |
|---|---|---|---|---|
| ATEYY | 150.15 | USD 26,725 | +61.8% | 3.89% |
| TSM | 72.69 | USD 26,410 | +427.3% | 3.85% |
| SMSD.L.IX | 10.00 | USD 25,275 | +114.3% | 3.68% |
| IFNNY | 351.98 | USD 19,091 | +22.6% | 2.78% |
| SBGSY | 284.81 | USD 17,983 | +66.6% | 2.62% |
| RYCEY | 1,000 | USD 17,130 | +1517.5% | 2.50% |
| STM | 400.89 | USD 16,665 | +52.0% | 2.43% |
| NBIS | 100 | USD 16,534 | +83.8% | 2.41% |
| HTHIY | 493.80 | USD 16,221 | +237.1% | 2.36% |
| SPOT | 30.00 | USD 15,944 | +573.0% | 2.32% |
| TOELY | 109.14 | USD 15,568 | +212.9% | 2.27% |
| NU | 1,000 | USD 15,430 | +279.0% | 2.25% |
| SFTBY | 1017.95 | USD 15,137 | +202.4% | 2.21% |
| ASML | 10.25 | USD 14,457 | +165.2% | 2.11% |
| ETN | 36.61 | USD 14,380 | +161.7% | 2.09% |
| SAFRF | 40.00 | USD 14,208 | +238.2% | 2.07% |
| SMAWF | 50.09 | USD 14,198 | +79.8% | 2.07% |
| ABBNY | 151.34 | USD 13,994 | +25.1% | 2.04% |
| BABA | 100 | USD 13,859 | -19.4% | 2.02% |
| EADSY | 274.77 | USD 13,876 | +25.9% | 2.02% |
| ASX | 500 | USD 13,800 | +46.0% | 2.01% |
| PROSY | 1262.86 | USD 12,717 | +8.0% | 1.85% |
| SHOP | 100 | USD 12,694 | +265.6% | 1.85% |
| BIDU | 100 | USD 12,503 | +3.8% | 1.82% |
| LIN | 25.06 | USD 12,508 | +33.1% | 1.82% |
| DSCSY | 250 | USD 11,343 | +8.1% | 1.65% |
| SONY | 529.22 | USD 11,357 | +5.8% | 1.65% |
| HNHPF | 842.77 | USD 11,184 | +124.0% | 1.63% |
| SHECY | 500 | USD 10,950 | +33.1% | 1.60% |
| MELI | 6.00 | USD 10,933 | +115.3% | 1.59% |
| ARM | 67.00 | USD 10,876 | +116.0% | 1.58% |
| UMC | 1,000 | USD 10,620 | +35.4% | 1.55% |
| YASKY | 150 | USD 9,866 | +0.3% | 1.44% |
| SAP | 51.39 | USD 9,117 | +76.7% | 1.33% |
| ASMIY | 10.00 | USD 9,036 | +15.6% | 1.32% |
| RACE | 25.50 | USD 9,092 | +69.7% | 1.32% |
| SE | 100 | USD 9,040 | +73.7% | 1.32% |
| RIGD.L.EB | 150 | USD 8,685 | -17.3% | 1.27% |
| FANUY | 400 | USD 7,892 | -0.4% | 1.15% |
| CNSWF | 4.02 | USD 7,719 | +23.9% | 1.12% |
| ASGLY | 1011.32 | USD 7,246 | -12.6% | 1.06% |
| MMYT | 150 | USD 7,178 | -46.2% | 1.05% |
| PDD | 55.00 | USD 5,704 | -22.6% | 0.83% |
| PATH | 500 | USD 5,305 | -36.4% | 0.77% |
| GRAB | 1,250 | USD 5,025 | -31.3% | 0.73% |
| CHKP | 35.00 | USD 4,816 | -28.3% | 0.70% |
Equities (EUR)
| Symbol | Units | MV | Unrealized | Weight |
|---|---|---|---|---|
| BESI.NA | 100 | EUR 22,050 | +61.5% | 3.78% |
| ENR.D.DX | 70.00 | EUR 11,687 | +16.7% | 2.01% |
| DSY.FP | 400 | EUR 7,444 | -22.2% | 1.28% |
Equities (CHF)
| Symbol | Units | MV | Unrealized | Weight |
|---|---|---|---|---|
| VACN.Z.IX | 20.00 | CHF 11,112 | +23.6% | 2.07% |
Cash (USD)
| Holding | Balance | Weight |
|---|---|---|
| US Dollar | USD 33,465 | 4.88% |
Related
Beyond the snapshot
Closelook.money adds the live layer
The composition above is the end-of-day snapshot. Closelook.money adds what sits between snapshots: the historical move log with Thomas' reasoning per trade, per-holding performance attribution, per-portfolio real-time alerts when a position changes, and CSV export for analysis.
- Full historical moves log with per-trade reasoning
- Per-holding attribution — which position drives the return
- Real-time alerts on opens, closes, and ≥10% size changes
- CSV export of current composition
Methodology & disclaimer
Global Tech 50 is a reference portfolio — it reflects how Thomas Look, author and publisher of Closelook, implements the analytical theses discussed on this site. Position data is updated daily from end-of-day broker exports (Barchart). Benchmark prices come from EODHD.
Reference portfolio, educational purpose only. Non-US concentration — FX exposure is a structural feature.
Reference portfolio, not investment advice. Past performance is not indicative of future results. Closelook Venture GmbH is a publishing company and does not manage client capital.