$LPTH

Does he own it?

Repeated explicit first-person ownership: he says he initiated a position, went long, calls himself a happy shareholder, and lists it among the only names he's "personally in." A portfolio-breakdown post assigns it an explicit 2.5% weight in his small-cap moonshot sleeve. Later posts track its drawdown as a held position. Ownership is unambiguous.

His thesis

LPTH is positioned as the sole Western alternative to China-controlled germanium for defense optics, via its proprietary NRL-licensed Black Diamond glass. He frames it as a critical national-security bottleneck supplying missile seekers, thermal drone optics, and infrared assemblies to major defense primes, with strong cash, expanding margins, and a growing backlog. Also pitched as incidental robotics-vision exposure. Early on his "favorite long of 2026"; later a smaller moonshot bet.

How his view evolved

Started as a high-conviction flagship discovery and "favorite long." Over time it became a small, lower-concentration moonshot. By March he admitted it (and the broader defense/drone sleeve) underperformed and gave back gains, but he still held and reaffirmed long-term belief.

Key points

• Held position with explicit 2.5% portfolio weight in his moonshot sleeve
• Thesis: sole US germanium-free defense optics supplier (Black Diamond)
• Conviction cooled as it gave back gains, but he kept holding

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