Reference Portfolio · Updated
Jensen — NVIDIA Strategic Authority
$100,000 into every public company NVIDIA backs — a Tier-1 equity stake or Tier-3 architecture admission — bought at the disclosure-day close, held additively until NVIDIA's 13F shows the position gone. The Pattern 03 cohort as a live book.
Thesis
NVIDIA's corporate equity deployments are a leading indicator for the AI build-out. The Jensen book turns that read into a portfolio: add a public company the day NVIDIA discloses a corporate equity stake (Tier 1) or admits it to a named NVIDIA architecture layer (Tier 3 — NVLink Fusion, Spectrum-X, DSX, AI-RAN, Vera/Rubin, BlueField, CUDA, Omniverse). Equal weight, $100,000 per signal at the disclosure-day close. Additive only — NVIDIA topping up a stake it already holds does not trigger a second buy. Hold until NVIDIA's 13F shows the position gone.
The cohort is ten live positions — Nebius, Intel, CoreWeave, Marvell, Nokia, Coherent, Lumentum, IREN, Synopsys and Corning — plus three closed on NVIDIA's disposition: Applied Digital and Arm at a gain, Recursion at a loss. This is not stock-picking. It is reading NVIDIA's published capital allocation and following it.
The full event timeline, the four-tier signal hierarchy, the XIRR money-weighted return and the forward calendar of NVIDIA events that tend to drive the next admission all live on the methodology page; this portfolio is the holdings view of that work. Methodology & live cohort: Pattern 03 — NVIDIA Strategic Authority.
Structure
- Equities13
13 equity positions . Benchmark: Pattern 03 — NVIDIA Strategic Authority cohort (equal-weight, $100k per signal) (CL-P03).
Top Holdings
13 total positions — top 10 by weight shown. Barchart snapshot from Jun 1, 2026.
| # | Symbol | Name | Weight |
|---|---|---|---|
| 1 | NBIS | Nebius Group | 35.90% |
| 2 | INTC | Intel | 12.50% |
| 3 | CRWV | CoreWeave | 10.90% |
| 4 | MRVL | Marvell Technology | 10.90% |
| 5 | NOK | Nokia | 7.30% |
| 6 | COHR | Coherent | 5.10% |
| 7 | LITE | Lumentum | 5.10% |
| 8 | IREN | Iris Energy / IREN | 5.00% |
| 9 | SNPS | Synopsys | 3.90% |
| 10 | GLW | Corning | 3.40% |
Composition
13 positions grouped by segment. All values in USD. Barchart-converted at the daily snapshot. Snapshot from Jun 1, 2026.
Equities (USD)
| # | Symbol | Name | Units | Price | Mkt Value | Cost Basis | Unrealized | % Unr | Realized | % Rlz | % Port |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | APLD | Applied Digital | 18621.97 | 0.00 | 0.00 | 100,000.00 | 0.00 | +0.00% | 524,953.45 | +525.00% | 0.00% |
| 2 | ARM | Arm Holdings | 1572.57 | 0.00 | 0.00 | 100,000.00 | 0.00 | +0.00% | 99,543.95 | +99.50% | 0.00% |
| 3 | COHR | Coherent | 404.25 | 362.90 | 146,703.32 | 100,000.00 | 46,703.32 | +46.70% | 0.00 | +0.00% | 5.10% |
| 4 | CRWV | CoreWeave | 2,500 | 124.82 | 312,050.00 | 100,000.00 | 212,050.00 | +212.10% | 0.00 | +0.00% | 10.90% |
| 5 | GLW | Corning | 550.75 | 176.70 | 97,317.84 | 100,000.00 | -2,682.16 | -2.70% | 0.00 | +0.00% | 3.40% |
| 6 | INTC | Intel | 3271.18 | 109.33 | 357,638.21 | 100,000.00 | 257,638.21 | +257.60% | 0.00 | +0.00% | 12.50% |
| 7 | IREN | Iris Energy / IREN | 2190.10 | 65.33 | 143,079.28 | 100,000.00 | 43,079.28 | +43.10% | 0.00 | +0.00% | 5.00% |
| 8 | LITE | Lumentum | 160.04 | 905.00 | 144,837.08 | 100,000.00 | 44,837.08 | +44.80% | 0.00 | +0.00% | 5.10% |
| 9 | MRVL | Marvell Technology | 1420.45 | 219.43 | 311,690.34 | 100,000.00 | 211,690.34 | +211.70% | 0.00 | +0.00% | 10.90% |
| 10 | NBIS | Nebius Group | 3883.50 | 264.51 | 1,027,223.30 | 100,000.00 | 927,223.30 | +927.20% | 0.00 | +0.00% | 35.90% |
| 11 | NOK | Nokia | 12870.01 | 16.25 | 209,137.71 | 100,000.00 | 109,137.71 | +109.10% | 0.00 | +0.00% | 7.30% |
| 12 | RXRX | Recursion Pharmaceuticals | 8278.15 | 0.00 | 0.00 | 100,000.00 | 0.00 | +0.00% | -53,311.26 | -53.30% | 0.00% |
| 13 | SNPS | Synopsys | 228.16 | 492.29 | 112,320.61 | 100,000.00 | 12,320.61 | +12.30% | 0.00 | +0.00% | 3.90% |
| — | TOTAL | — | — | — | 2,861,997.69 | 1,300,000.00 | 1,861,997.69 | +143.23% | — | — | 100.00% |
Summary
| Group | Mkt Value | Cost Basis | Unrealized | % Unr | Realized | % Rlz | % Port |
|---|---|---|---|---|---|---|---|
| Equities (USD) | 2,861,997.69 | 1,300,000.00 | 1,861,997.69 | +143.23% | — | — | 100.00% |
| TOTAL (USD) | 2,861,997.69 | 1,300,000.00 | 1,861,997.69 | +187.20% | 571,186.14 | — | — |
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Methodology & disclaimer
Jensen — NVIDIA Strategic Authority 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. Not investment advice. A hypothetical equal-weight book that buys each company at its NVIDIA-disclosure-day close and sells on the 13F disposition; prices are EODHD historical closes, refreshed nightly.
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.