Portfolio · 2026-11-02

The book.

$6,540.35▲ +50.18%

+$2,185.35 · from $4,355 cost

27 holdings · 10 buckets · 2026-11-02

Allocation by role

Leader44%
Challenger33%
Dark Horse23%

Top movers

OKTA+139.34%
APPN+115.90%
GTLB+111.92%

Laggards

ORCL-33.87%
INTU-13.49%
PEGA-6.01%

Holdings · 27 on the bookeach row opens the full breakdown

27 rows · sorted by Bucket ↑

Allocation by bucket

Cost basis · $4,355.00 total

Dev work
$375.00
Source control
$535.00
CRM
$270.00
ITSM & workflow
$525.00
ERP
$500.00
HRIS & payroll
$265.00
SMB finance
$465.00
Identity & permissions
$480.00
Data SoR
$470.00
Regulated & federal
$470.00

Signal heatmap · last 7dpositive · negative · neutral

Dev work
1
Source control
4
CRM
2
ITSM & workflow
9
ERP
4
HRIS & payroll
1
SMB finance
0
Identity & permissions
2
Data SoR
0
Regulated & federal
5

Operating cadence

Weekdays: monitor-only scan for urgent moves. Sundays: full weekly review that scores every position and queues decisions.

Last weekday scan

urgent triggers · 68d ago

Last weekly review

decisions queued · week of 2026-11-01

read note →

121-Day Milestone Reviewas of 2026-09-01 close · engine f.1.0

The portfolio crushed its benchmark. The portfolio manager didn't.

Nearly all of the +50% is the buy-and-hold seed; the engine's realized contribution in four months is three exits.

Open book vs SPY: +49.96% vs +6.10%
Proposals → approved: 224 → 143
Executions ever: 3 (CRM, MNDY, WDAY exits)
Approved trims executed: 0 of 9
Pillar-floor recalibrations: 0 in 121 days
5-day signal precision: 0.43–0.49

Read the full review →published 2026-09-02

Recent decisionsfull log →

TEAMhold · approved
positive signal but thin coverage (only P2) — hold for confirmation.
WDAYtrim · approved
1 negative pillar (P1) + extreme overweight (drift 55%) → elevated urgency trim. WDAY trim < 1 share at $198.68
INTUhold · approved
positive signal but conditions not met (coverage solid, trend neutral, drift on_target) — hold.
TYLhold · approved
positive signal but thin coverage (only P1) — hold for confirmation.
ORCLtrim · approved
1 negative pillar (P1) — ORCL is at or below target — no trim

Core operating cost · MTDOn budget

$0.0111/ $10.00

0.1% of monthly cap

$10.00/mo ceiling — 2.4% annualized against the $5K paper portfolio. Scoring and chat remain isolated from distribution.

Social distribution · MTDOn budget

$0.0007/ $5.00

Separate paid-generation pool. At 90%, social switches to zero-cost deterministic drafts.

Weighted aggregates27 holdings

PE TTM43.04x

Forward PE26.97x

EV / Sales6.99x

Gross margin75.9%

FCF yield3.0%

Revenue YoY18.7%

Rule-of-4021.7

PE coverage67.2%

PE multiple over time

SorbetSPYQQQ

Benchmark comparison · trailing PE

SorbetPosition-weighted43.04x

SPYIssuer-published23.99xSorbet premium · 19.05pts · 79.4%

QQQIssuer-published26.44xSorbet premium · 16.60pts · 62.8%

Per-holding fundamentalssortable · row → detail drawer

27 rows · sorted by Weight ↓


TEAMAtlassian	Dev work	leader	$562.28	8.60%	—	28.44	7.38	85.6%	3.4%	26.0%	120.0%
OKTAOkta	Identity & permissions	leader	$478.69	7.32%	125.45	47.56	11.12	78.1%	2.9%	11.8%	106.0%
SNOWSnowflake	Data SoR	leader	$403.13	6.16%	—	101.11	19.93	67.0%	1.6%	29.2%	126.0%
GTLBGitLab	Source control	challenger	$349.66	5.35%	—	52.09	7.39	85.9%	3.2%	25.8%	118.0%
MSFTMicrosoft / GitHub	Source control	leader	$343.29	5.25%	27.24	21.62	11.39	67.7%	0.1%	17.8%	—
PANWPalo Alto Networks	Identity & permissions	challenger	$343.03	5.24%	914.67	74.99	26.03	70.4%	1.4%	14.9%	120.0%
PAYCPaycom	HRIS & payroll	challenger	$331.97	5.08%	27.96	18.93	5.83	88.1%	3.6%	8.9%	91.0%
NOWServiceNow	ITSM & workflow	leader	$322.74	4.93%	75.63	21.89	7.32	73.1%	5.3%	20.9%	125.0%
SAPSAP	ERP	leader	$313.46	4.79%	29.27	24.66	96.65	73.6%	3.7%	7.7%	—
VEEVVeeva Systems	Regulated & federal	challenger	$306.60	4.69%	51.30	30.51	12.60	75.0%	2.5%	16.3%	—
PLTRPalantir	Regulated & federal	leader	$244.25	3.73%	158.72	78.33	70.39	84.8%	0.5%	56.2%	131.0%
APPNAppian	ITSM & workflow	dark horse	$215.90	3.30%	—	34.53	4.58	72.4%	3.1%	17.8%	111.0%
INTUIntuit	SMB finance	leader	$207.63	3.17%	20.72	12.66	4.31	81.0%	7.0%	13.9%	—
MDBMongoDB	Data SoR	challenger	$205.98	3.15%	490.22	44.92	9.37	72.7%	2.0%	22.8%	118.0%
ESTCElastic	Data SoR	dark horse	$189.32	2.89%	27.79	24.60	5.19	75.6%	4.9%	17.3%	112.0%
HUBSHubSpot	CRM	challenger	$165.14	2.52%	83.88	13.96	3.08	83.2%	5.5%	19.2%	105.0%
BILLBill	SMB finance	challenger	$162.73	2.49%	—	11.12	2.47	83.9%	5.4%	13.0%	131.0%
SAILSailPoint	Identity & permissions	dark horse	$157.94	2.41%	—	52.26	10.08	66.3%	2.8%	24.4%	115.0%
FRSHFreshworks	CRM	dark horse	$150.33	2.30%	23.37	17.75	3.55	85.0%	6.8%	16.4%	108.0%
ASANAsana	Dev work	dark horse	$145.53	2.23%	—	24.70	3.01	87.6%	7.7%	9.2%	96.0%
FROGJFrog	Source control	dark horse	$145.68	2.23%	—	82.38	18.05	77.9%	1.7%	24.1%	119.0%
ADPADP	HRIS & payroll	dark horse	$141.39	2.16%	26.05	21.73	5.31	48.8%	5.6%	6.7%	—
PAYOPayoneer	SMB finance	dark horse	$135.77	2.08%	51.07	17.86	2.00	85.4%	-2.9%	7.7%	—
PEGAPegasystems	ITSM & workflow	challenger	$136.29	2.08%	20.94	14.29	3.04	75.9%	9.0%	16.6%	108.0%
ORCLOracle	ERP	challenger	$132.25	2.02%	20.48	11.84	7.42	64.0%	-11.6%	17.3%	—
MANHManhattan Associates	ERP	dark horse	$125.92	1.93%	69.58	40.23	12.34	55.9%	2.3%	3.7%	—
TYLTyler Technologies	Regulated & federal	dark horse	$123.43	1.89%	49.23	25.36	6.55	47.7%	4.4%	9.1%	—

NRR coverage. 38.2% basket-USD 8 of 27 holdings have a Net Revenue Retention entry within the last two reporting quarters — well below threshold — selection-neutral per ADR 0019 §V1. NRR is owner-entered from earnings transcripts; not all SaaS holdings disclose it (Microsoft, Atlassian post-FY23, ServiceNow are known non-disclosers — absence is not a negative signal for them).

Methodology. Sorbet portfolio multiples are position-weighted aggregates of per-holding fundamentals (harmonic-weighted yield for PE / EV-Sales, plain-weighted for margin / FCF-yield / growth). SPY/QQQ values are issuer/Yahoo-published trailing PE — the methodologies are not strictly identical, so treat the comparison as directional, not precise.