NTC Global Technology Growth Index (PiltechX): Precision in Mega-Cap Tech
The NTC Global Technology Growth Index (PiltechX) is an actively managed, long-only equity index designed to capture the exponential growth of 15 mega-cap technology companies—household names driving global innovation.
Since its inception on 19 January 2024, PiltechX has delivered a 51.52% return by year-end, surpassing SPY (22.78%) and QQQ (21.94%).
Explore PiltechX’s Performance in Real-Time
Live performance as of January 19, 2024. Past performance is not indicative of future results.
Investment Thesis
PiltechX focuses on the most resilient and innovative mega-cap tech leaders—businesses with consistent earnings growth, strong global presence, and catalysts for future expansion (e.g., semiconductors, blockchain-AI).
We combine fundamental analysis (e.g., earnings growth, competitive moats) with technical analysis (e.g., momentum, valuation trends) to identify outperformers within our expertise, while maintaining a disciplined approach to risk management to protect value during market volatility.
Returns
The index reflects total returns, with dividends and other distributions reinvested or held as cash value until the next rebalancing.
Returns are presented gross of fees and taxes, providing a clear view of performance.
In 2024, PiltechX delivered a 51.52% return since its 19 January inception, surpassing SPY (22.78%) and QQQ (21.94%).
Index Description
- Ticker: PILTECHX
- Inception Date: 19 January 2024
- Weighting: Custom, prioritizing growth potential at value prices
- Number of Holdings: 15
The index is actively managed with quarterly reviews to ensure alignment with market conditions and opportunities.
Businesses must demonstrate sustained earnings growth, innovative catalysts, and resilience to be included.
Our risk strategies—such as position sizing and sector diversification—aim to safeguard value during downturns.
Why PiltechX?
- Proven Performance: In 2024, PiltechX achieved a 51.52% return, outperforming SPY (22.78%) and QQQ (21.94%).
- High-Conviction Focus: Concentrated exposure to 15 mega-cap tech leaders—global innovators you likely know and use.
- Active Oversight: Hands-on management to adapt to market shifts, balancing growth with stability.
- Independent Perspective: Free from Wall Street biases, our research prioritizes clarity and results.
Coming Soon
PiltechX will soon be accessible through a new fund, offering tax-efficient and liquid exposure to mega-cap technology leaders.
Tailored for discerning high-net-worth, sophisticated investors and family offices.
Index Creator
David Thomas, the founder of North Tech Capital, brings a unique perspective to technology investing.
While not a traditional financier, David’s passion for global markets and years of self-directed research have driven the creation of PiltechX—a focused index that delivered 51.52% in 2024, outperforming SPY (22.78%) and QQQ (21.94%).
His approach blends disciplined analysis with an outsider’s clarity, free from mainstream financial narratives.
Key Information
- For sophisticated, high-net-worth, and professional investors only.
- All indices are for informational purposes and do not constitute an offer to buy or sell financial instruments.
- PiltechX is benchmarked against SPDR® S&P 500® ETF Trust (SPY) and Invesco QQQ Trust, Series 1 (QQQ).
