$VNP
5N Plus Inc.6/10Does he own it?
Consistently bullish and treats it as a key Western supply-chain name, but no first-person buy/add/hold or sizing statement. It appears as "Long" inside a broad thematic idea-basket, which labels a theme rather than confirming a personal position. No portfolio weight given.
His thesis
He frames 5N Plus as the Western counterpart to AXT, a strategically important supplier of critical minerals (indium, germanium, gallium, tellurium, bismuth) used in advanced sensors, photonics substrates, and LEO solar cells. He positions it as a beneficiary of Chinese export-control chokepoints and rising Western reshoring/funding, presenting it as a relatively safer long-term play within the critical-materials and semiconductor supply-chain theme.
How his view evolved
Starts as a one-line mention in mineral-chokepoint lists, then gains a dedicated explainer calling it the Western AXT, and finally is folded into a long-term barbell idea-basket as a supply-chain long.
Key points
- Framed as the Western equivalent of AXT and a critical Western supply-chain supplier
- Exposure to indium, germanium, gallium, tellurium, bismuth for sensors, photonics, LEO solar
- Pitched as a safer long-term beneficiary of export-control chokepoints, but no explicit personal position
Derived from a holistic read of his public posts — paraphrased, never quoted. See his actual posts about $VNP on X ↗