$HPS.A
hammond8/10Does he own it?
Explicitly states he built a personal mini-basket holding HPS.A alongside AMSC, CLF, PLPC ("don't have any of the others"), and separately says he is long the entire grid/photonics supply chain naming HPS.A. Repeatedly frames it as "my pick"/"my thesis" and tracks returns from entry. No exact percent weight ever disclosed.
His thesis
HPS.A is his favored transformer/switchgear play on the AI data-center grid bottleneck. Lower market cap with high dry-transformer market share, backlog up ~95% Y/Y giving multi-year (2-5 yr) demand visibility, potential gross-margin expansion from price hikes, and recent facility expansion making it a steady compounder. Boosted further by a US national energy emergency / Defense Production Act invocation targeting domestic grid/transformer supply chains.
How his view evolved
Started as a lower-profile "boring compounder" pick in early April; conviction grew as the stock rallied (~17% to 83%+), strong earnings beat with backlog up ~95%, and a US emergency declaration validated the transformer-shortage thesis.
Key points
- States he holds it in a personal grid mini-basket (AMSC/CLF/PLPC/HPS.A) and is long the chain
- Thesis: multi-year transformer/switchgear bottleneck, high dry-transformer share, backlog up ~95% Y/Y
- Govt tailwind: national energy emergency / DPA targeting grid-infrastructure supply chains
Derived from a holistic read of his public posts — paraphrased, never quoted. See his actual posts about $HPS.A on X ↗