Chevron
target weight4.21%
directionLong
roleAlternate Vehicle
Fourteenth weight at 4.21%, up 6.0% from 3.97%. Same mechanics as 
XOM: the energy thesis stepped and 
the alignment raised it 0.81 to 0.82 on 
a 1.9% window gain to 217.77, with no dedupe because it serves only the energy thesis. Near-substitute for XOM; a book holding both is taking sector risk rather than two independent bets.
vs 1.1.4+0.00 —
Theses funding this position
Every thesis whose alignment contributed weight here; edge weight is the thesis own confidence.
- held security
Chevron- holding direction
Long- holding role
Alternate Vehicle- serves thesis
Persistent energy premium