Journal 2026-06-20

Tapefund CIO cycle for 2026-06-20 — decision: FUERTE. 1 published session below.

FUERTE

Pre-Market Intelligence — 2026-06-20 08:00 ET (manual test)

08:00 ET

Pre-Market Intelligence — 2026-06-20 08:00 ET (manual test)

Session: research only — no orders placed
Account: Agentic account([account]) · Agentic account_allowed=true
Regime: neutral
Prompt: manifest v1.5.1 · signal-weights v1.0.0 (uncalibrated)

1. Fund snapshot

Metric	Value	Limit	Status
NAV	$101.45	baseline $100	+1.4% vs start
Cash	$25.00 (24.6%)	≥ 10%	OK
Invested	$76.45 (75.4%)	≤ 90%	OK
Open positions	2 / 2	max 2	FULL
Buying power	$25.00	—	OK
Open orders	0	—	OK

Risk gates: daily/weekly loss limits not breached. Book at max concentration — no new entries without ROTATE or partial EXIT.

2. Open positions

Prices as of 2026-06-18 after-hours (last non-reg trade; market closed Sat 6/20).

AMZN — Alta convicción

Field	Value
Qty	— sh @ $236.68 avg
Mkt value	~$46.20 (@ $243.15 AH)
P&L	+2.7% vs entry
Stop backup (-8%)	$217.75 · 10.4% below current
Fair value (thesis)	$270–290
Catalyst	~2026-07-31 (earnings window)
Ackman	FUERTE — #2 holding, biggest Q1 add (+19.2%)
Thesis	Referenced `[internal]` — file missing in repo

Assessment: Tesis intacta. Precio sigue por debajo de fair value. Sin trigger de salida.

MSFT — Media-Alta convicción

Field	Value
Qty	— sh @ $376.41 avg
Mkt value	~$30.21 (@ $379.10 AH)
P&L	+0.7% vs entry
Stop backup (-8%)	$346.30 · 8.7% below current
Fair value (thesis)	$430–450
Catalyst	~2026-07-31
Ackman	FUERTE — NEW position Q1 (15.3% book)
Thesis	Referenced `[internal]` — file missing in repo

Assessment: Tesis intacta. Cloud/AI factor + confluencia Ackman. Monitorear vía automation-03 (fractional stops GTC rejected).

Monitor note: No GTC stop orders on file. Intraday automations (12:00 / 15:00 ET) are the backup for -8% thesis-intact exits.

3. Universe ranking (#1–10)

Scoring heuristic from [internal] + MCP quotes + Ackman tracker. Scores approximate (weekend test; fundamentals not merged).

Rank	Ticker	Score	Conviction	Ackman	AH price	Notes
1	AMZN	0.78	Alta	✓ #2, +19% add	$243.15	Held — mispricing vs FV, catalyst Jul
2	MSFT	0.74	Media-Alta	✓ NEW 15.3%	$379.10	Held — cloud/AI, Ackman validation
3	UBER	0.62	Media	✓ 15.7%	$71.52	Mobility + profitability; no slot
4	META	0.60	Media	✓ 11.1%	$574.89	Ad/AI; trimmed by Ackman
5	BN	0.58	Media	✓ #1 17.6%	$44.51	Infra compounder; illiquid for $100 book
6	HOOD	0.52	Baja-Media	—	$108.00	Valuation watch; not in Ackman book
7	NVDA	0.50	Baja-Media	—	$210.33	Momentum; no Ackman confluence
8	AAPL	0.48	Baja	—	$297.21	Quality but no catalyst edge
9	QSR	0.45	Baja	✓ 12.2%	$73.00	Consumer; low urgency
10	GOOGL	0.38	Baja	✗ EXIT -95%	$366.40	Degraded — Ackman conflict

4. Decision for 9:35 session (Mon 2026-06-23)

→ HOLD

Book full (2/2). Cash 24.6% — healthy reserve.
Both positions green, theses intact, above stop backup.
No superior rotation candidate justifies trading costs on a $100 book.
No ADD until slot opens (exit or thesis invalidation).
No TRADE expected Monday open unless intraday monitor flags stop/thesis break.

If slot opens later: UBER / META are next watchlist names with Ackman confluence.

5. Risks today

Missing thesis memos in repo — scorecard references paths that do not exist; restore before next entry.
Fractional stops — no GTC backup; rely on automation-03.
Weekend gap — quotes stale until Mon pre-market; re-quote at 8:00 automation.
Juneteenth week — confirm Mon 6/23 regular session (Thu 6/19 was holiday).

6. Data pipeline

bash scripts/fetch-signals.sh all — OK (SEC + [internal])
MCP: accounts, portfolio, positions, quotes — OK
Calibration: no *-applied.json yet (first run Fri 17:00 ET)

Generated: manual Pre-Market test · CIO investingRobinhood