$CPSH

Does he own it?

Explicitly stated he initiated positions in CPSH (first person), then listed it at 0.5% in his published portfolio breakdown, and later named it among his red/underwater holdings. Clear, repeated ownership signals plus an explicit weight disclosure. Sizing is tiny (a small-cap moonshot bucket name).

His thesis

CPSH is framed as the leading US/Western pure-play in AlSiC (aluminum silicon carbide), a niche thermal-management material. Bull case: entrenched DoD/defense and government customers (Navy, Army, DoE, Space Force, Lockheed, Raytheon) give low downside at a ~$100M cap, while the big optionality is AI — as next-gen GPUs scale past 2000W, AlSiC could become a thermal-warpage chokepoint like prior niche-material breakouts. Strong balance sheet, ~25% near-term AlSiC share, growing revenue and new contracts add support.

How his view evolved

Started as one name on a broad bottleneck watchlist (passed over in favor of others), then he initiated a position with a detailed thesis, disclosed it at 0.5% of his book, and later flagged it as currently underwater but still held.

Key points

• Initiated and held a small position; disclosed explicit 0.5% portfolio weight
• Thesis: Western AlSiC pure-play with defense floor plus AI thermal-management upside
• Tiny sizing and later flagged as underwater among his red holdings

Derived from a holistic read of his public posts — paraphrased, never quoted. See his actual posts about $CPSH on X ↗