Reference Portfolio · Updated
Global Tech 50
~50 ex-US technology names with long track records — Rolls Royce, Spotify, TSMC, Hitachi, Safran, Nu Holdings, and others.
Thesis
Global Tech 50 is the Closelook view on technology outside the US mega-cap complex. US tech dominates coverage and crowding; the rest of the world holds real franchises that trade at structurally lower multiples simply because Wall Street does not cover them with the same intensity. The portfolio isolates those franchises — European industrial technology (Safran, Rolls Royce), Asian semiconductor incumbents (TSMC, Hitachi, Samsung via ADR), Latin American fintech (Nu Holdings), and the selective consumer-tech names that pair growth with cash-flow discipline (Spotify).
The portfolio carries currency exposure as a feature, not a bug. When the dollar weakens, unhedged non-US equity outperforms US peers by the FX move before considering fundamentals. When it strengthens, hedging matters less because the positions are quality-first and can absorb translation drag.
Rebalancing is quarter-driven with event-based overrides when a sentinel breaks (regulatory event, earnings discontinuity, geopolitical step-change affecting supply chains).
Structure
- Equities47
- Cash1
47 equity positions . Benchmark: MSCI ACWI ex-US (ACWX).
Composition
48 positions grouped by segment. All values in USD (Barchart-converted). Snapshot from May 1, 2026.
Equities (USD)
| Symbol | Name | Units | Mkt Value | Cost Basis | Unrealized | % Unr | Realized | % Rlz | % Port |
|---|---|---|---|---|---|---|---|---|---|
| ATEYY | Advantest Corp | 250.15 | 46,777.57 | 34,684.00 | 12,093.57 | +34.87% | 0.00 | +0.00% | 6.28% |
| TSM | Taiwan Semiconductor Manufacturing | 72.69 | 28,787.65 | 5,008.80 | 23,778.85 | +474.74% | 0.00 | +0.00% | 3.86% |
| SMSD.L.IX | Samsung Electronics CO Ltd | 10.00 | 26,950.00 | 11,797.00 | 15,153.00 | +128.45% | 0.00 | +0.00% | 3.62% |
| IFNNY | Infineon Tech Ads | 351.98 | 23,540.21 | 15,577.50 | 7,962.71 | +51.12% | 0.00 | +0.00% | 3.16% |
| STM | Stmicroelectronics N.V. | 400.89 | 22,104.84 | 10,965.00 | 11,139.84 | +101.59% | 0.00 | +0.00% | 2.97% |
| SBGSY | Schneider Electric S | 284.81 | 17,963.21 | 10,791.84 | 7,171.37 | +66.45% | 0.00 | +0.00% | 2.41% |
| SFTBY | Softbank Corp ADR | 1017.95 | 17,305.12 | 5,005.72 | 12,299.40 | +245.71% | 0.00 | +0.00% | 2.32% |
| TOELY | Tokyo Electron Ltd | 109.14 | 16,403.88 | 4,975.21 | 11,428.67 | +229.71% | 0.00 | +0.00% | 2.20% |
| RYCEY | Rolls Royce Grp ADR | 1,000 | 16,140.00 | 1,059.07 | 15,080.93 | +1423.98% | 42,225.52 | +1310.57% | 2.17% |
| ETN | Eaton Corp | 36.61 | 15,854.62 | 5,494.25 | 10,360.37 | +188.57% | 0.00 | +0.00% | 2.13% |
| ASX | Ase Industrial Holding Co. Ltd | 500 | 15,705.00 | 9,451.00 | 6,254.00 | +66.17% | 0.00 | +0.00% | 2.11% |
| HTHIY | Hitachi | 493.80 | 15,643.46 | 4,812.52 | 10,830.94 | +225.06% | 0.00 | +0.00% | 2.10% |
| ABBNY | Abb Ltd ADR | 151.34 | 15,203.61 | 11,186.50 | 4,017.11 | +35.91% | 0.00 | +0.00% | 2.04% |
| ASML | Asml Hldg NY Reg | 10.25 | 14,745.71 | 5,450.70 | 9,295.01 | +170.53% | 0.00 | +0.00% | 1.98% |
| SMAWF | Siemens A G Register | 50.09 | 14,677.50 | 7,894.98 | 6,782.52 | +85.91% | 0.00 | +0.00% | 1.97% |
| NU | Nu Holdings Ltd Cl A | 1,000 | 14,480.00 | 4,070.80 | 10,409.20 | +255.70% | 2,838.00 | +290.48% | 1.94% |
| EADSY | European Aeronautic | 274.77 | 14,147.89 | 11,017.88 | 3,130.01 | +28.41% | 0.00 | +0.00% | 1.90% |
| ARM | Arm Holdings Plc UK | 67.00 | 14,091.44 | 5,035.38 | 9,056.06 | +179.85% | 0.00 | +0.00% | 1.89% |
| NBIS | Yandex N.V. | 100 | 13,823.00 | 8,996.00 | 4,827.00 | +53.66% | 0.00 | +0.00% | 1.86% |
| SPOT | Spotify Technology S.A. | 30.00 | 13,396.50 | 2,368.96 | 11,027.54 | +465.50% | 20,818.29 | +753.25% | 1.80% |
| BABA | Alibaba Group Holding Ltd | 100 | 13,188.00 | 17,191.00 | -4,003.00 | -23.29% | 0.00 | +0.00% | 1.77% |
| UMC | United Microelectronics Corp | 1,000 | 13,060.00 | 7,841.00 | 5,219.00 | +66.56% | 0.00 | +0.00% | 1.75% |
| NOK | Nokia Corp | 1,000 | 12,910.00 | 12,461.00 | 449.00 | +3.60% | 0.00 | +0.00% | 1.73% |
| SAFRF | Safran S.A. Ord Shs | 40.00 | 12,754.96 | 4,200.80 | 8,554.16 | +203.63% | 2,528.54 | +240.77% | 1.71% |
| BIDU | Baidu Inc | 100 | 12,653.00 | 12,049.00 | 604.00 | +5.01% | 0.00 | +0.00% | 1.70% |
| LIN | Linde Plc | 25.06 | 12,556.09 | 9,396.25 | 3,159.84 | +33.63% | 0.00 | +0.00% | 1.69% |
| PROSY | Prosus NV ADR | 1262.86 | 12,136.08 | 11,778.00 | 358.08 | +3.04% | 0.00 | +0.00% | 1.63% |
| SHOP | Shopify Inc | 100 | 12,113.00 | 3,471.68 | 8,641.32 | +248.91% | 5,953.08 | +381.05% | 1.63% |
| DSCSY | Disco Corp | 250 | 12,027.50 | 10,488.50 | 1,539.00 | +14.67% | 0.00 | +0.00% | 1.61% |
| HNHPF | Hon Hai Precision Industry Co Ltd | 842.77 | 11,874.59 | 4,993.00 | 6,881.59 | +137.82% | 0.00 | +0.00% | 1.59% |
| SHECY | Shin-Etsu Chemical C | 500 | 11,570.00 | 8,226.00 | 3,344.00 | +40.65% | 0.00 | +0.00% | 1.55% |
| YASKY | Yaskawa | 150 | 10,771.50 | 9,838.00 | 933.50 | +9.49% | 0.00 | +0.00% | 1.45% |
| MELI | Mercadolibre Inc | 6.00 | 10,755.78 | 5,077.00 | 5,678.78 | +111.85% | 0.00 | +0.00% | 1.44% |
| ASMIY | Asm International Nv | 10.00 | 9,747.10 | 7,816.20 | 1,930.90 | +24.70% | 0.00 | +0.00% | 1.31% |
| FANUY | Fanuc Limited Unsp A | 400 | 8,864.00 | 7,921.00 | 943.00 | +11.91% | 0.00 | +0.00% | 1.19% |
| RACE | Ferrari N.V. | 25.50 | 8,857.22 | 5,356.50 | 3,500.72 | +65.35% | 0.00 | +0.00% | 1.19% |
| SAP | SAP Ag | 51.39 | 8,710.17 | 5,160.50 | 3,549.67 | +68.79% | 0.00 | +0.00% | 1.17% |
| SE | Sea Limited ADR | 100 | 8,488.00 | 5,204.00 | 3,284.00 | +63.11% | 0.00 | +0.00% | 1.14% |
| ASGLY | Asahi Glass Co Ltd A | 1011.32 | 7,079.24 | 8,286.00 | -1,206.76 | -14.56% | 0.00 | +0.00% | 0.95% |
| MMYT | Makemytrip Ltd | 150 | 7,081.50 | 13,342.00 | -6,260.50 | -46.92% | 0.00 | +0.00% | 0.95% |
| PDD | Pinduoduo Inc. | 55.00 | 5,493.40 | 7,368.80 | -1,875.40 | -25.45% | 0.00 | +0.00% | 0.74% |
| CHKP | Check Point Software | 35.00 | 3,936.45 | 6,721.00 | -2,784.55 | -41.43% | 0.00 | +0.00% | 0.53% |
| TOTAL | — | — | 604,368.79 | 359,830.34 | 244,538.45 | +67.96% | — | — | 81.13% |
Equities (NOK)
| Symbol | Name | Units | Mkt Value | Cost Basis | Unrealized | % Unr | Realized | % Rlz | % Port |
|---|---|---|---|---|---|---|---|---|---|
| KOG.O.DX | Kongsberg Gruppen ASA | 400 | 123,060.00 | 147,481.00 | -24,421.00 | -16.56% | 0.00 | +0.00% | 1.79% |
| TOTAL | — | — | 123,060.00 | 147,481.00 | -24,421.00 | -16.56% | — | — | 1.79% |
Equities (EUR)
| Symbol | Name | Units | Mkt Value | Cost Basis | Unrealized | % Unr | Realized | % Rlz | % Port |
|---|---|---|---|---|---|---|---|---|---|
| BESI.NA | BE Semiconductor Industries N.V. | 100 | 24,720.00 | 13,651.00 | 11,069.00 | +81.09% | 0.00 | +0.00% | 3.90% |
| IFX.D.DX | Infineon Technologies Ag | 400 | 22,904.00 | 16,065.00 | 6,839.00 | +42.57% | 0.00 | +0.00% | 3.61% |
| ENR.D.DX | Siemens Energy Ag | 70.00 | 12,584.60 | 10,014.50 | 2,570.10 | +25.66% | 0.00 | +0.00% | 1.98% |
| TOTAL | — | — | 60,208.60 | 39,730.50 | 20,478.10 | +51.54% | — | — | 9.49% |
Equities (CHF)
| Symbol | Name | Units | Mkt Value | Cost Basis | Unrealized | % Unr | Realized | % Rlz | % Port |
|---|---|---|---|---|---|---|---|---|---|
| VACN.Z.IX | Vat Group Ag | 20.00 | 11,652.00 | 8,991.00 | 2,661.00 | +29.60% | 0.00 | +0.00% | 2.00% |
| TOTAL | — | — | 11,652.00 | 8,991.00 | 2,661.00 | +29.60% | — | — | 2.00% |
Cash (USD)
| Symbol | Name | Units | Mkt Value | Cost Basis | Unrealized | % Unr | Realized | % Rlz | % Port |
|---|---|---|---|---|---|---|---|---|---|
| US Dollar | US Dollar | 41633.68 | 41,633.68 | 0.00 | 0.00 | +0.00% | 0.00 | +0.00% | 5.59% |
| TOTAL | — | — | 41,633.68 | 0.00 | 0.00 | — | — | — | 5.59% |
Summary
| Group | Mkt Value | Cost Basis | Unrealized | % Unr | Realized | % Rlz | % Port |
|---|---|---|---|---|---|---|---|
| Equities (USD) | 604,368.79 | 359,830.34 | 244,538.45 | +67.96% | — | — | 81.13% |
| Equities (NOK) | 123,060.00 | 147,481.00 | -24,421.00 | -16.56% | — | — | 1.79% |
| Equities (EUR) | 60,208.60 | 39,730.50 | 20,478.10 | +51.54% | — | — | 9.49% |
| Equities (CHF) | 11,652.00 | 8,991.00 | 2,661.00 | +29.60% | — | — | 2.00% |
| Cash (USD) | 41,633.68 | 0.00 | 0.00 | — | — | — | 5.59% |
| TOTAL (USD) | 744,892.23 | 433,914.25 | 269,344.30 | +62.07% | 84,693.29 | — | — |
Related
Beyond the snapshot
Closelook.money adds the live layer
The composition above is the end-of-day snapshot. Closelook.money adds what sits between snapshots: the historical move log with Thomas' reasoning per trade, per-holding performance attribution, per-portfolio real-time alerts when a position changes, and CSV export for analysis.
- Full historical moves log with per-trade reasoning
- Per-holding attribution — which position drives the return
- Real-time alerts on opens, closes, and ≥10% size changes
- CSV export of current composition
Methodology & disclaimer
Global Tech 50 is a reference portfolio — it reflects how Thomas Look, author and publisher of Closelook, implements the analytical theses discussed on this site. Position data is updated daily from end-of-day broker exports (Barchart). Benchmark prices come from EODHD.
Reference portfolio, educational purpose only. Non-US concentration — FX exposure is a structural feature.
Reference portfolio, not investment advice. Past performance is not indicative of future results. Closelook Venture GmbH is a publishing company and does not manage client capital.