Portfolio Snapshot
Created on: 2026-05-21
Summary
Top-3 concentration
Moderate
Effective 34% once ETFs are resolved into their underlying holdings.
As held: 56% (ETFs counted as single positions).
Effective N
~19.5 holdings
Effectively like 19.5 equally sized positions after ETFs are resolved.
As held: ~6.2 positions (ETFs counted as single positions).
How the holdings usually behave
Strongly driven by growth stories
A large share of holdings reacts sensitively to changing growth expectations. Prices can move more than the underlying business.
Summary
- Structural concentration is moderate (Top 3 = 34%)
- Covered holdings show growth-tilted characteristics
- Volatility exposure remains above-average within analyzed share
Holdings & Structure
Coverage by value
91%
of portfolio value
Includes underlyings resolved through ETFs — for ETFs we count the scorable share of their underlyings.
Holdings
7
4 direct stocks + 3 ETFs
Top 3 concentration
34%
effective after resolving ETFs
as held: 56% (ETFs as single positions)
These signals are derived from the covered holdings in this portfolio.
Largest position
EUNL.DE — 24.4%
Largest position represents a significant share of portfolio value. (as held — ETFs not resolved)
All Holdings
| # | Ticker | Name | Weight | Peer | Shares | Value | Currency | Coverage |
|---|---|---|---|---|---|---|---|---|
| 1 | EUNL.DE | iShares Core MSCI World UCITS ETF USD (Acc) | — | 45.27 | 5,500.00 | EUR | Partial | |
| 2 | MSFT | Microsoft Corporation | 65 | 10.19 | 4,200.00 | USD | Full | |
| 3 | SXR8.DE | iShares Core S&P 500 UCITS ETF USD (Acc) | — | 5.11 | 3,500.00 | EUR | Partial | |
| 4 | VWCE.DE | Vanguard FTSE All-World UCITS ETF (USD) Accumulating | — | 20.06 | 3,200.00 | EUR | Partial | |
| 5 | SAP.DE | SAP SE | 44 | 16.89 | 2,800.00 | EUR | Full | |
| 6 | EUNA.DE | iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) | — | 429.45 | 2,100.00 | EUR | Outside universe | |
| 7 | — | Amundi Prime Global UCITS ETF | — | 61.22 | 1,800.00 | EUR | Outside universe |
What's Actually in Your Portfolio
This table shows what's actually in your portfolio — after all ETFs are resolved into their underlying holdings. You see stocks you never bought directly (only via ETFs), and you spot reinforcements where a stock is held both directly and through one or more ETFs.
| # | Position | Source | Effective |
|---|---|---|---|
| 1 |
MICROSOFT CORP
Reinforced
|
Direct:
16.05 %
via
EUNL.DE:
+0.79 %
via
SXR8.DE:
+0.73 %
via
VWCE.DE:
+0.40 %
|
17.98 % |
| 2 |
Direct:
12.44 %
via
EUNL.DE:
+0.05 %
via
VWCE.DE:
+0.03 %
|
12.51 % | |
| 3 |
NVIDIA CORP
ETF only
|
via
EUNL.DE:
+1.34 %
via
SXR8.DE:
+1.24 %
via
VWCE.DE:
+0.68 %
|
3.26 % |
| 4 |
APPLE INC
ETF only
|
via
EUNL.DE:
+1.18 %
via
SXR8.DE:
+1.04 %
via
VWCE.DE:
+0.60 %
|
2.83 % |
| 5 |
AMAZON.COM INC
ETF only
|
via
EUNL.DE:
+0.66 %
via
SXR8.DE:
+0.58 %
via
VWCE.DE:
+0.34 %
|
1.58 % |
| 6 |
ALPHABET INC CLASS A
ETF only
|
via
EUNL.DE:
+0.59 %
via
SXR8.DE:
+0.52 %
via
VWCE.DE:
+0.30 %
|
1.41 % |
| 7 |
BROADCOM INC
ETF only
|
via
EUNL.DE:
+0.49 %
via
SXR8.DE:
+0.46 %
via
VWCE.DE:
+0.25 %
|
1.20 % |
| 8 |
ALPHABET INC CLASS C
ETF only
|
via
EUNL.DE:
+0.47 %
via
SXR8.DE:
+0.42 %
via
VWCE.DE:
+0.24 %
|
1.12 % |
| 9 |
META PLATFORMS INC CLASS A
ETF only
|
via
EUNL.DE:
+0.36 %
via
SXR8.DE:
+0.31 %
via
VWCE.DE:
+0.18 %
|
0.85 % |
| 10 |
TESLA INC
ETF only
|
via
EUNL.DE:
+0.31 %
via
SXR8.DE:
+0.27 %
via
VWCE.DE:
+0.16 %
|
0.74 % |
| 11 |
MICRON TECHNOLOGY INC
ETF only
|
via
EUNL.DE:
+0.29 %
via
SXR8.DE:
+0.26 %
via
VWCE.DE:
+0.15 %
|
0.70 % |
| 12 |
ELI LILLY
ETF only
|
via
EUNL.DE:
+0.26 %
via
SXR8.DE:
+0.22 %
via
VWCE.DE:
+0.13 %
|
0.61 % |
| 13 |
JPMORGAN CHASE & CO
ETF only
|
via
EUNL.DE:
+0.23 %
via
SXR8.DE:
+0.21 %
via
VWCE.DE:
+0.12 %
|
0.56 % |
| 14 |
ADVANCED MICRO DEVICES INC
ETF only
|
via
EUNL.DE:
+0.21 %
via
SXR8.DE:
+0.19 %
via
VWCE.DE:
+0.11 %
|
0.51 % |
| 15 |
BERKSHIRE HATHAWAY INC CLASS B
ETF only
|
via
SXR8.DE:
+0.22 %
via
EUNL.DE:
+0.19 %
via
VWCE.DE:
+0.10 %
|
0.50 % |
How much the market is backing the portfolio right now
This shows whether current price action is backing the profile of your covered holdings — or not.
COVERED BY ALIGNMENT MODEL
92.0%
COVERED DISTRIBUTION
Strong profile and positive market action reinforce each other.
Structurally solid positions whose price action isn't joining in right now.
Weaker profile that the market is nonetheless carrying for now.
Weaker core profile that the market is currently confirming.
Mid profiles or mixed market signals — neither clear confirmation nor clear resistance.
This is the view of right now. The portfolio’s longer-term basic pattern still matters more.
Entry why it matters
Shows where your buy price and today's price sit within each position's long-term range. Works the same way for individual stocks and ETFs.
ENTRY DISTRIBUTION
CURRENT VS ENTRY
Entry why it matters compares your buy price and today’s price with each stock’s long-term range. It shows how good or bad your entry looked historically — not what happens next.
Structural Profile
This block shows the portfolio’s basic shape — without comparing it to an index.
Base pattern
Strongly driven by growth stories
This portfolio depends more on growth expectations and market mood. If the story changes, the price can react quickly.
How strong that is
ModerateWhat is driving it
- Top-3 share is high: 34%
- Only about 19.5 real return drivers
- Price and business are drifting further apart
- Highly dependent on growth expectations
What the market is saying right now
This shows whether recent market action is backing the basic pattern of your holdings — or pushing against it.
A large share of holdings reacts sensitively to changing growth expectations. Prices can move more than the underlying business.
Price stability relative to own history
Sensitivity to shifting volatility regimes
Trend and relative strength behaviour
Sensitivity to growth expectations
Sensitivity to macro cycles
Extent of price-fundamental decoupling
Concentration risk
Core message
Expectations drive the price more than current operations.
With a price-business gap of 82, the price runs largely on future expectations. Sentiment shifts feed through more directly than operational developments.
Additional context
- Growth sensitivity at 79 — re-rated growth expectations hit this portfolio harder than a less growth-tilted profile.
Closest comparison index
This is only an outside comparison. You do not need it to understand the portfolio itself.
Fit
Medium
Why this comparison index
A significant share of holdings aligns with the Nasdaq 100 universe.
This index is only here for comparison. It is not a recommendation.
Portfolio vs Nasdaq 100 Behaviour
How the portfolio looks versus the index
Built broadly like the comparison index
Compared with Nasdaq 100, this portfolio does not look dramatically different. No single deviation clearly dominates. · Getting less market support than Nasdaq 100
Structural levers in your portfolio
This view shows which positions structurally shape your portfolio — and which values would mathematically pull in the opposite direction. Not investment advice.
STRONGEST IMPACT AXES
→ Positions with a lot of future already in the price get lower weight.
Lowers dependence on narrative-led decoupling between price and core fundamentals.
Trade-off — May reduce asymmetric upside if gap resolves positively.
→ Positions that live on continued growth get lower weight.
Decreases exposure to valuation compression and downward revisions in growth assumptions.
Trade-off — Reduces participation in strong growth-driven upside cycles.
→ Positions get higher weight when the market tends to confirm the business profile.
Increases co-movement with index-level sponsorship and reduces isolated core positioning.
Trade-off — May dilute holdings with strong core profiles that are temporarily out of favour.
Changes since last snapshot
First snapshot — no comparison possible yet. Changes will become visible from your next snapshot onward.