Allocation by Sector
Top 10 Holdings (Consolidated)
Portfolio by Account
Holdings by Action Category
Consolidated Statement — All Accounts
| Ticker |
Company |
Total Shares |
Price |
Market Value |
% of Portfolio |
Day's Change |
Unrealized P&L |
P&L % |
Div Yield |
Accounts |
Action |
Gains & Losses Summary
Unrealized P&L by Position
Day's Change (est.)
April 29, 2026
Growth (Monitor)
—
Score 50-69%
Avg Growth Score
—
Across all tickers
Growth Score — All Tickers (API Data: FMP + Finnhub)
Revenue Growth vs Operating Margin
Growth Trend: Accelerating vs Decelerating
Growth Score Rankings Live API Data — April 30, 2026
| # | Ticker | Company | Score | Rev Growth TTM | Trend | Op Margin | Margin Change | P/E | Mkt Cap | Classification | Checklist | Analyst Comment |
|---|
Strategy Flags
Margin Contracting (Revenue Up, Margin Down)
Revenue Declining (Negative Growth)
Best Combo: High Growth + Margin Expansion
Second Echelon Strategy — 3 Layers Deep
Layer 1 — AI Infra Supply Chain: Memory (MU), interconnects (CRDO), cooling (VRT), optical (CIEN, COHR), semi equipment (LRCX), power (GEV, CCJ), space (RKLB).
Layer 2 — Photonics (Citrini "PICs & Shovels"): The deeper supply chain. CPO components (HIMX), SiPh fabs (STM, NOK), MOCVD monopoly (AIXA), SOI substrate monopoly (SOI). Architecture-agnostic — wins regardless of which optics design wins.
Layer 3 — Agentic Utilities (Citrini): Infrastructure for AI agents. DNS monopoly (VRSN), CDN-to-compute (FSLY, NET), API gateways (FFIV), agent telephony (BAND, TWLO), agreements (DOCU), stablecoin payments (CRCL), identity/observability/security (DT, DDOG, PANW, ZS).
Source: Citrini Research — "Let There Be Light" (Mar 2026) + "Agentic Utilities" (2026). FMP/Finnhub data.
Total Screened
—
3 layers deep
Pass GM Test
—
Expanding margins
Fail / Monitor
—
Declining or accept risk
Avg TTM Growth
—
Of passing candidates
Layers
3
AI Infra | Photonics | Agentic
Second Echelon: TTM Revenue Growth vs Gross Margin
Second Echelon Candidates Indirect trend beneficiaries
| Ticker | Company | Trend / Leader |
TTM Growth | GM | GM Trend | Op Margin |
Mkt Cap | Analysts |
Why Second Echelon | GM Test |
Trend Map: First Echelon -> Second Echelon
Sell (Tax-Loss Harvest)
$272.7K
21 positions · harvests $67K in losses
Sell (Flat / Tiny Gain)
$97.8K
Gains offset by harvested losses
Buy (New Growth)
$380K
8 new + 3 monitor = 11 positions (GM-screened)
Before: Current Portfolio Mix
After: Rebalanced Portfolio Mix
Key Metrics: Before vs After
What to Buy GM-Screened: 8 new + 3 monitor
| Ticker | Company | TTM Growth | GM Trend / Moat | Buy Amount | Tier |
|---|
Execution Phases
Phase 1 — Week 1: Sell Losers (harvest losses)
- NVO partial (3,112 sh) — harvest -$30.6K loss
- KO ML1 — harvest -$7.5K loss
- MO ML1 — harvest -$5.5K loss
- BYND, WBD, PATH, GIS, PEP, UL, PFE, MDT
Phase 1 — Week 1: Tier 1 Core
- GOOGL — $90,000 (GM expanding, 5 segments)
- AVGO — $75,000 (AI semis + VMware, GM expanding)
- AMZN — $65,000 (best diversification, GM crossing 50%)
Phase 2 — Week 2-3: Sell Flat Positions
- T all accounts — $60.3K (gain only +$1.7K)
- MO BRK_B, MMM, O, MICC, GILD, RPI, VZ, DOC
- MPLX — eliminates K-1
- KO ML2 — offset by losses
Phase 2 — Week 2-3: Tier 1 + Tier 2
- TSM — $45,000 (foundry monopoly, best GM expansion)
- PLTR — $30,000 (56% TTM, GM expanding)
- META — $30,000 ($9.7K already bought 4/30)
- ARM — $15,000 (95% GM, royalty model)
Phase 3 — Week 4: Tier 2 + Tier 3 (Monitor positions, smaller size)
- NFLX $12K (GM expanding but 100% streaming)
- NVDA $10K (cyclical GM dip — Blackwell ramp, monitor for 75% recovery)
- MSFT +$5K (Azure mix shift, monitor Windows decline)
- ANET $3K (GM flat, needs to start expanding)
Removed from Buy List Failed GM Screen
NOW — GM declining 79%->75% (structural, cost-cutting mode) |
ORCL — GM declining 71%->66.5% (steepest decline, $86B debt) |
CRWD — GM declining + back to net losses |
SHOP — GM declining 50.6%->48.3% (payments commoditizing) |
UBER — GM flat 39.5% for 8Q (commodity, AI threat) |
MELI — GM declining 46%->44.7% (buying growth with margin compression) |
NU — GM declining 46%->44.5% (credit risk in margins) |
AMD — GM flat/declining 49%->49%, Embedded declining
5-Year Portfolio Growth Projection
Growth vs Locked Legacy Over Time
Locked Legacy as % of Portfolio
Cumulative Dividend Tax Savings (Growth Strategy vs. Old Strategy)
Projection Assumptions
Growth Positions (~72% of portfolio): 15% annualized return based on weighted avg revenue growth of 18-22% across holdings. Historically, portfolios of high-quality growth stocks with 15%+ revenue growth have delivered 12-18% annualized returns over 5-year periods.
Locked Legacy (~28% of portfolio): Conservative 3% annual appreciation (dividend yield reinvested minus tax drag). These are mature businesses with limited capital appreciation potential.
New Capital: No additional contributions assumed. All growth is from appreciation only.
Tax Drag Reduction: Annual dividend tax savings of ~$2,600/year growing proportionally as portfolio grows.
Conservative scenario: Growth at 10% + Legacy at 2% = $1.56M by 2030.
Aggressive scenario: Growth at 20% + Legacy at 3% = $2.36M by 2030.
LMA Capacity: Grows from ~$580K to ~$960K as portfolio appreciates — provides increasing liquidity without selling.
Borrowing Capacity
$823K
57% blended advance rate
Safe Limit (40%)
$581K
Margin-call buffer
2030 LMA Capacity
$1.25M
+52% increase
Collateral by Advance Rate Tier
LMA Capacity Growth (5 Years)
Advance Rate Breakdown
| Segment | Holdings | Value | Advance Rate | Borrowing Power |
|---|
| Mega-cap growth | AMZN, GOOGL, META, AAPL, AVGO, NFLX, MSFT | $357K | 65% | $232K |
| Large-cap growth | NVO, AMD, LMT, TSM, NVDA | $231K | 55% | $127K |
| Index ETF | VOO | $67K | 65% | $44K |
| Locked legacy (ML1+ML2) | SHEL, ED, XOM, BNS, MO | $249K | 55% | $137K |
| Locked legacy (ML3) | JNJ, KO, BNS, PG, MCD | $317K | 55% | $174K |
| MLP (may be ineligible) | ET | $61K | 40% | $24K |
| Mid-cap growth | NOW, CRWD, SHOP, ARM, UBER, ANET, MELI, NU, etc. | $142K | 50% | $71K |
| Total | | $1,452K | 57% avg | $823K |