Strategy
I’ve never been interested in owning a little bit of everything.
The point of paying close attention to markets is to develop conviction about the companies that actually matter: the ones the rest of the economy quietly depends on.
That’s what the North Tech 15 Portfolio is built around.
It’s the portfolio I use for my own retirement savings, and it’s been live since 5th August 2024.
What it owns
The North Tech 15 holds no more than 15 of the world’s largest companies at the centre of global growth fuelled by artificial intelligence and semiconductor investment and innovation.
They include the chip designers, manufacturers and equipment makers the AI build-out depends on, and the platforms turning that computing power into products.
I call them Sovereign Gatekeepers.
They aren’t the next disruptor or the most exciting story at the conference, they’re businesses that have already won and have a developed pathway for continued expansion and growth.
Their products are so deeply embedded in the digital economy that replacing them would be slow, costly and disruptive.
Every hyperscaler, every data centre and every connected device runs through a handful of these companies.
I want to own them.
How it’s run
The portfolio follows written rules rather than hunches.
- Selection: companies must be linked to AI or semiconductors and worth at least $100bn. The largest qualifying companies make the cut.
- Weighting: positions are sized by market value, with no single company above 20%.
- Monthly discipline: I add new money every month, and it goes to the positions furthest below their target weight.
- Quarterly review: membership is reviewed every quarter, with a buffer so the portfolio doesn’t churn on small moves.
The full methodology is published on the North Tech 15 platform.
Staying invested
The most expensive mistake in long-term investing usually isn’t picking the wrong company, it’s removing capital from the market at the wrong time.
If the fundamental thesis is intact, the portfolio holds.
What you should know
This is a concentrated portfolio.
The position sizes are capped at 20% in the most convection-led ideas, and every holding sits in the same theme: mega-cap tech.
Holdings are priced in US dollars, so returns in sterling will differ.
Past performance is no guide to future returns.
I invest my own money in this portfolio via my retirement account, and changes are published no later than I make them myself.
Portfolio access
At the start of every month I publish a full breakdown: positions and weights, changes and the reasons for them, performance against the Nasdaq-100, and risk metrics including drawdowns.
Subscribers also get notifications of any changes and my monthly newsletter.
Whether you hold your investments in a SIPP, an ISA, an IRA or a 401(k), you’ll see exactly what I own and why.
The North Tech 15 is general information, not personal financial advice. It doesn’t take your circumstances into account. Consider seeking independent advice before investing.