Portfolio Review - No trades

This scientific portfolio review provides a transparent and systematic documentation of the milfcapital portfolio status as of 25 May 2026. As of 24 May 2026, prior to the final realizations, the portfolio consisted of three concentrated high-conviction long positions:

1,500 shares of Nike with an average entry price of €36.70 and a last price of €38.50, resulting in an unrealized profit of €2,700 (+4.90%); 1,750 shares of PAG911 entered at €40.20 with a last price of €45.88, generating an unrealized profit of €9,940 (+14.13%); and 150 shares of Rheinmetall entered at €1,159.60 with a last price of €1,221.40, showing an unrealized profit of €9,270 (+5.33%).

At that time, the total portfolio value stood at €402,770.30, with realized profits year-to-date of €280,860.30 and a cumulative return of +302.77% since 22 April 2025.

The equity curve has remained exceptionally clean, demonstrating high convexity combined with low volatility and minimal drawdown.

The detailed trade log for selected May positions includes the following: On 11 May 2026, a Rheinmetall position of 150 shares was opened at €1,159.60 and closed on 25 May 2026 at €1,227.20 for a profit of €10,140. Another Rheinmetall trade opened on 13 May 2026 at €1,110.00 was closed on 14 May 2026 at €1,139.40 for a profit of €4,410.

Additionally, a Rheinmetall dividend of €1,708.50 was received on 15 May 2026. A 2.5 lot XAUUSD long opened on 15 May 2026 at 4,570 was closed the same day at 4,539, resulting in a loss of €10,250. Finally, a DAX position of 25 units opened on 15 May 2026 at 24,012 was closed on 18 May 2026 at 23,702 for a loss of €7,750.

As of today, 25 May 2026, the PAG911 and Rheinmetall positions have been fully realized and the profits booked. The Nike position remains open, as no exit signal has been triggered yet. All stop-loss levels on the closed positions had previously been moved to breakeven or better, leaving zero active risk from those trades.

With the majority of the long exposure now closed, the portfolio is entering a new phase. Cash is being held as dry powder while I systematically scale into selected short positions in a controlled, stepwise manner. New short entries will only be added gradually and exclusively upon clear technical and fundamental setups. This disciplined approach preserves the same rigorous risk management that has delivered the strong performance observed so far.

Further updates will follow as new short positions are established or when developments occur in the remaining Nike holding.

Mathis milfcapital.de

https://x.com/mfoefileht/status/2058590355344212403?s=20