Genval Worldview Fund (1.1.8 - driver-union reweight against snapshot 4.1.0 and alignments 2.0.6; defense gains about 10% per name on contracted munitions, energy extends its lead through USO on a re-closed Hormuz, and gold, AI and the duration and small-cap shorts give back; 24 holdings, gross 0.9998, net 0.7592, cash 0.1205)
Driver-union reweight from 
alignments 2.0.6 against 
worldview snapshot 4.1.0 (observedAt 2026-10-30T14:01:59Z). Same seven wv.active theses, the same 24 holdings and the same fund.method-driver-union as 1.1.7, so this is a patch with no turnover. Gross 0.9998, net 0.7592, cash 0.1205.
Defense is the largest gain in the book. 
Iran war rearmament cycle stepped 0.86 to 0.92 on 
the PAC-3 multi-year and 
the Tomahawk and AMRAAM multi-years, and the alignment firmed all three primes: 
Lockheed Martin 10.2% to 4.88%, 
RTX Corporation 10.3% to 4.72%, 
Northrop Grumman 7.8% to 4.41%. The theme rises from 12.80% to 14.01% of gross.
Energy extends its lead, through the commodity. 
Persistent energy premium firmed 0.88 to 0.91 as 
the strait closed again and 
Brent rose about 13% in October. The alignment moved weight toward 
United States Oil Fund (2.8% to 7.42%) and away from 
Energy Select Sector SPDR Fund (-2.2% to 7.02%) as 
the commodity led the producers. The theme is 23.21% against 22.86%.
Gold, AI and the shorts give back. 
Gold structural debasement bid eased to 0.79 and 
SPDR Gold Shares ETF falls -5.1% to 4.98%; 
AI capex sustained but with China decoupling tail risk eased to 0.87 and the AI sleeve falls from 21.08% to 20.67%, with 
Oracle the one AI name up on 
its funding cap. The duration shorts shrink - 
iShares 20+ Year Treasury Bond ETF to -5.05% - as 
the long end retraced, and the 
iShares Russell 2000 ETF short falls -5.7% after 
small caps rallied 4.7%.
Theme rollup by gross weight. Energy 23.21% (USO, XLE, XOM, CVX); AI 20.67% (NVDA, AMD, AVGO, ORCL, MU); Defense 14.01% (LMT, RTX, NOC); Gold 12.05% (GLD, IAU, GDX); Equity long 12.24% (SPY, VTI, QQQ, UVIX); Equity short 2.79% (IWM); Duration shorts 9.24% (TLT, IEF); Managed futures 5.77% (DBMF, KMLM). Net 75.9%, up from 75.0% as the short legs shrank.
Holdings
Signed target weights as a fraction of NAV. Green is long, red is short; the bar under each weight is centred on zero.
- fund observed at
- Oct 30, 2026 ยท 2:38 PM UTC
- derived from snapshot
- Macro worldview (4.1.0 - Friday October 30 minor, four days before the midterms - the defense primes reported record backlogs as PAC-3, Tomahawk and AMRAAM converted to multi-year contracts and LMT rose 23%; Hormuz transits collapsed again, attacks reached their busiest month since March and Brent rose about 13% in October to $114.88; the Fed held 10-2 with two dissents for a hike; Q3 GDP grew 3.4% with core PCE at 3.1%; hyperscaler capex set records without raised outlooks and Alphabet had its worst day on record; gold fell as yields eased. No thesis added, retired or invalidated; no invalidation condition fires)
- derived from alignment
- Thesis alignments (2.0.6 - patch refresh against snapshot 4.1.0, the Friday October 30 moment - record defense backlogs on multi-year munitions contracts, a re-struck energy premium with Brent at $114.88, a 10-2 Fed hold with two dissents for a hike, 3.4% Q3 growth, and an AI sell-off on capex returns; no membership changes, the defense basket firms, USO closes on XLE, ORCL firms on its funding cap, and the duration and small-cap shorts ease)
- weighting method
Driver Union- has holding
United States Oil Fund, 
Energy Select Sector SPDR Fund, 
iShares 20+ Year Treasury Bond ETF, 
SPDR Gold Shares ETF, 
Lockheed Martin, 
RTX Corporation, 
Exxon Mobil, 
Northrop Grumman, 
NVIDIA, 
Chevron, 
Advanced Micro Devices, 
Broadcom, 
iShares 7-10 Year Treasury Bond ETF, 
iShares Gold Trust, 
Oracle, 
Micron Technology, 
SPDR S&P 500 ETF, 
VanEck Gold Miners ETF, 
2x Long VIX Futures ETF, 
iMGP DBi Managed Futures Strategy ETF, 
Vanguard Total Stock Market ETF, 
iShares Russell 2000 ETF, 
Invesco QQQ Trust, 
KFA Mount Lucas Managed Futures ETF