$LPK

Does he own it?

Multiple unambiguous first-person ownership statements: explicit "I have positions" disclosures (Apr 21, Jun 11), inclusion in a list of "6 functional monopolies that I own" (Apr 29), and "my core European longs" recap (Jun 15) listing it #2. Repeatedly says he is holding. No explicit % weight ever given.

His thesis

LPKF is a near-monopoly chokepoint in glass-core substrate manufacturing equipment via its LIDE laser etching tech, claiming ~80% of major global players selected its equipment for validation. He frames it as the "ASML" of the coming glass-substrate/advanced-packaging supercycle (CPO, Intel, Samsung, Corning, SKC). Clean asset-light balance sheet, cheap forward multiples. Current weak earnings irrelevant; the catalyst is qualification-to-volume-ramp (production orders H2 2026, mass production 2027). Patient hold for the ramp.

How his view evolved

Flagged early in Jan as too-early 10x candidate, then turned active long by April with position disclosure. Reinforced conviction through Q1 earnings (read as bullish despite poor financials), an 80%+ two-week run, CEO insider buy, and a SpaceX-supplier discovery. Stays a flagship long throughout, still calling it undervalued in June.

Key points

• Near-monopoly glass-core substrate equipment chokepoint (LIDE) leveraged to advanced packaging/CPO
• Catalyst is volume ramp: production orders H2 2026, mass production 2027 - not current earnings
• Repeatedly disclosed as an owned, held core European long; flagged as still undervalued

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