February 2026 Portfolio Performance: +14.2% | +28.2% YTD
The Aurelion Index outperformed its benchmark by 1,005 bps in February and is now up 28% YTD.
The Aurelion Index delivered 14.24% total return in the month of February.
Our benchmark, the MSCI World Small Cap Index, delivered 4.19%, implying 1,005 bps of alpha generated in February.
This results in a 28.15% total portfolio return since the start of 2026, well above our benchmark, which is up 9.47% over the same period.
Total gross return since inception (July 1, 2025) is now 112.22%.
A portfolio invested in our investment ideas would now have doubled in 8 months (assuming standard brokerage fees). If not already a paid subscriber, upgrade to access all investment ideas in the Aurelion Index.
Table of Contents
Overview of the Aurelion Index
Performance Drivers & Key Stocks
Current Companies in the Portfolio
Trades Executed During the Period
This is not financial advice, please do your own research. The Aurelion Index is a performance tracking tool, not a fund open for investment. Returns are shown “gross,” meaning they do not account for fees or trading costs, which would reduce performance. All figures are provided “as is” and may include estimates.
Overview of the Aurelion Index
The Aurelion Index Index measures the performance of each of our Buy-Rated companies (stocks for which we expect the share price to increase significantly). It is equally weighted. This means that with 13 stocks, each position would carry a portfolio weight of 7.7%.
Every time a stock is added to or removed from the index, paid subscribers receive a timely announcement. This is not investment advice; subscribers should make their own research.
We believe the Index provides a fully transparent and accountable view of our stock selection.
We provide both real-time access to the Buy-Rated companies in the Index and complete, in-depth research coverage to our paid subscribers.
Drivers of Performance & Key Stocks
We believe that performance was again driven by our stock selection rather than exposure to a specific industry trend.
Find below the gross cumulative return since inception.
A key driver of the month was RingCentral (RNG), which we initiated on February 18 and which rose 35% two days later after reporting better earnings than expected. We viewed expectations going into earnings as too pessimistic and liked the risk-reward profile in both the short and long term.
Another key driver was Calian Group (CGY). Our thesis played out as expected: an overlooked defense company with short-term issues that are now fading. The company reported strong organic growth and is up 43% year to date. We believe we identified this opportunity early because we met with management several times this year and recognized before the market that the specific company issues were likely to be resolved.
Tanker equities also continued to perform extremely well in early February, driven by the astronomical earnings yields the companies are currently generating. Some analysts now call it a two-year bull cycle. We are more cautious and are closely monitoring for an exit before conditions shift. Negative contributors include our software exposure and one company that faced an unforeseen short attack, which we now believe represents a highly attractive risk-reward opportunity.
Why We Believe the Portfolio is Positioned for Continued Outperformance Despite Strong Recent Returns
February included 2 new portfolio additions of stocks that are very cheap and whose theses have not yet played out. The portfolio now holds 13 stocks diversified across geographies, market capitalizations, and industries.
Portfolio decisions are always based on forward return potential rather than past stock performance. Each holding is continuously reassessed based on updated information, valuation, and the current risk-reward profile. We believe this approach helps maintain a well positioned portfolio across different market environments, regardless of recent results.
If you aren’t on the premium side of Aurelion Research, you are seeing only a portion of the process behind the Aurelion Index.
Please note that full holdings and in depth research are only available to paid subscribers.
Current Companies in the Portfolio
Please find below the current companies in the Aurelion Index as of March 1, 2026. We currently maintain 13 stocks under active coverage, each representing our highest conviction ideas and meeting our criteria for long term growth.