$COPX
Global X Copper Miners ETF5/10Does he own it?
COPX appears only in thematic baskets and a "Strong Buy" list, never with a first-person position statement. In the basket post he says he owns many names but flags he includes some he does not own; COPX is not singled out as held, has no weight disclosure, and was a near-flat laggard apparently added for completeness.
His thesis
He frames copper (via COPX) as a critical-materials play for 2026, driven by China-linked supply-chain disruption pushing capital toward securing and building new supply. Later he reframes it as one of the raw-material/substrate inputs needed to scale AI compute, bundling it into his "AI Displacement" thematic basket. The view is thematic and supply-driven rather than company-specific.
How his view evolved
Started as a "Strong Buy" critical-materials theme (copper/lithium, China supply disruption), then folded into a broader AI-buildout raw-materials narrative and an AI Displacement basket where it lagged at roughly flat YTD.
Key points
- Copper framed as a 2026 critical-materials supply-chain play
- Recast as a raw-material input feeding the AI compute buildout
- Always listed in baskets; no stated position or weight
Derived from a holistic read of his public posts — paraphrased, never quoted. See his actual posts about $COPX on X ↗