russellclark
russellclark
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russellclark

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Macro
Commodity
Forex

Hedge fund manager - specialising in macro trends and short selling

291Posts
119Comments
13%Best ROI
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Joined on 18th December 2025

russellclark
Public Post

The SVF where most of the value of Softbank lies these days has a concentrated profile. In SVF2 - Paypay is the biggest position, mainly due to its recent successful IPO. Much of the rest of the portfolio is loss making. The big uplift is from still private companies. Coupang, the biggest public holding in SVF1 has been crushed in last month or so... Or in essence, most of the value of Softbank is now in non-public companies.

The SVF where most of the value of Softbank lies these days has a concentrated profile. In SVF2 - Paypay is the biggest position, mainly due to its...The SVF where most of the value of Softbank lies these days has a concentrated profile. In SVF2 - Paypay is the biggest position, mainly due to its...
russellclark
Public Post

ARM is interesting. It is turning itself into an AI play - and its new CPU designs are supported by all the hyperscalers. But break ARM, you break Softbank, and you break OPEN AI. Alternatively, if OPEN AI and other AI agents start raising prices to generate cash, does demand drop? Is demand only strong because Chat GPT offers an internet search option uncluttered with ads?