$VLN
Valens Semiconductor5/10Does he own it?
His portfolio-weighting post explicitly assigns VLN a 1.5% slot inside his small-cap moonshot bucket. He separately says he lost heavily on Israeli names including VLN, and lists it among his red (underwater) positions, confirming a first-person held position rather than mere coverage.
His thesis
Treats VLN as a deeply discounted Israeli small-cap where the market assigns almost no value to the operating business, leaving it trading near its cash-to-marketcap floor. He frames it as a sum-of-parts/balance-sheet arbitrage candidate and a potential multi-bagger moonshot, also flagging it as a rate-sensitive cash-rich name. He acknowledges geopolitical (Israel) risk and that it has been a painful, underwater holding so far.
How his view evolved
Early on a small high-upside position; by Feb he flags large losses on Israeli names and a valuation disconnect, sees possible cash-vs-marketcap arbitrage; later it appears mainly in follower-ETF and rate-trade lists, fading from active focus.
Key points
- Held at an explicit 1.5% weight in his small-cap moonshot bucket
- Viewed as an Israeli name trading near cash/marketcap with a big valuation disconnect
- A painful, underwater position carrying geopolitical discount
Derived from a holistic read of his public posts — paraphrased, never quoted. See his actual posts about $VLN on X ↗