🔑 How We Build Conviction Portfolios

Most investors confuse safety with strategy. Diversification spreads your bets so wide that your winners get diluted by dozens of irrelevant holdings. That’s not how wealth is built — that’s how it gets averaged away.

At Altvalue Capital, we build conviction portfolios. Concentrated, disciplined, and transparent. Here’s our approach:

1. Focus on Power-Law Opportunities

Innovation doesn’t follow a normal distribution. It follows a power law. A handful of companies and technologies drive most of the value creation. Think ASML in semiconductors, NVIDIA in AI infrastructure, or Ethereum in programmable finance. Missing them means missing the decade. We build portfolios that lean into those choke points of the future.

2. Concentration Over Diversification

A high-conviction portfolio doesn’t hold 50 names “just in case.” It holds 8–15 positions where we have deep conviction based on fundamentals: technology defensibility, user growth, economic model, and execution track record. If an asset doesn’t meet those criteria, it doesn’t make it in.

3. Disciplined Rebalancing

Conviction is not stubbornness. Every quarter we rebalance — trimming overexposure, cutting laggards, doubling down where fundamentals are accelerating. Every decision is documented and shared with our investors. That’s how conviction stays rational.

4. Risk Without Dilution

Conviction investing accepts volatility, but not recklessness. We size positions to survive downturns while keeping asymmetric upside intact. The goal is not to avoid volatility — it’s to avoid irrelevance.

5. Skin in the Game

We invest our own capital alongside our investors. No paper conviction. No “model portfolios” without exposure. When we say we believe, it means we’re in.

Conviction > Diversification.
That’s not just a slogan. It’s the operating system of Altvalue Capital.

👉 If you believe in building wealth through vision, not imitation — you’re in the right place.