The market has had a decent run, and tanker rates are still sky-high. After the strong gains over the past few months, however, we think it makes sense to take some profits and reduce risk here.

We've moved roughly 60% of the portfolio into short-term Treasuries for now. That leaves us with plenty of dry powder for new opportunities while maintaining positions in a few names we still like.

Unfortunately, there will be no performance charts this month due to some technical difficulties.

Positions for October 2026

  • 6 x BIL
  • GLNG
  • NVGS
  • SBLK
  • ZIM

Portfolio Performance Tracking

Unfortunately, the usual performance charts are missing due to some technical issues. We'll add them later.