Portfolio.

Distributed fuel cell generation for AI data centers. $20B backlog. Off-grid power bypass.

Largest US natural gas producer. Upstream exposure to fuel cell and on-site generation demand.

Modular distributed power solutions. Grid-bypass at smaller scale. Data center power contracts.

Dominant GPU-as-a-service neocloud. Multi-year HPC contracts. Picks-and-shovels GPU play.

AI data center hosting. Earlier stage, higher risk, higher upside.

Smaller HPC infrastructure build-out. AI infrastructure solutions with GPU cloud services.

BTC miner pivot to AI hosting. 12-yr CoreWeave HPC contracts. Grid access secured.

Miner pivoting to AI/HPC hosting. $9.7B Microsoft deal. Expanding data center footprint.

Office/life science REIT. Physical infrastructure with cooling and power in place.

Optical components for AI cluster interconnects. Bandwidth between chips matters as much as compute.

Diversified optical/laser components. Data center interconnect demand. NVIDIA supply partner.

National security bet. If Intel foundry survives, mispriced. Asymmetric via calls.

Specialty analog/mixed-signal foundry. Silicon photonics platform for AI infrastructure.

Broad LatAm exposure via FTSE index. Low expense ratio (0.19%).

Top 40 LatAm companies. Concentrated exposure to Brazil and Mexico.

Broad Asia ex-Japan exposure. China, India, Taiwan, Korea.

India-focused. Strong demographics and tech/services growth story.