Equity Mates Investing Podcast · Equity Mates Media

Our Monthly Portfolio Update - February 2026

·39 min·2 clips

Bitcoin fell 30% in 30 days and dragged Bryce's portfolio return to 1.28%.

1. Equity Mates Investing Podcast's February 2026 portfolio update tracks Bryce and Ren's month-end moves across core ETFs, individual stocks, and private equity. 2. Bryce hosts the update with Ren, and both matter because they track their own portfolios in ShareSite and compare live decisions to live performance. 3. The episode asks whether a monthly portfolio check can separate durable allocation decisions from short-term price noise. 4. Bryce says his core was fully deployed after a property-related refinance, and he now buys US investments through a trust after an ABN was sorted two days earlier. 5. He adds HJPN for hedged Japan exposure, GJUS for geared US exposure, and Eli Lilly as his first US stock purchase through the trust. 6. Ren says Alice and he are debt recycling through Hub24, keeping the borrowed money separate from the core and using it for active managers and thematic ETFs. 7. Their core DCA went 70% into GHHF, 15% into BEMG, and 15% into XUS, which Ren treats as the boring engine of the portfolio. 8. Bryce says he built a Gemini portfolio-health check that ingests a ShareSite report, tracks news on each holding, checks diversification, and suggests uncorrelated ideas. 9. On performance, Bryce says his best monthly performers were Asia X Japan up just over 5%, Wire up 9%, and Seneca up 5%, while Bitcoin fell 30% and pulled his 30-day return to 1.28%. 10. Ren says his own portfolio was down 4% in February, with Cochlear down 27%, MercadoLibre down 20%, Xero down 19%, WiseTech down 18%, and C Limited down 12%. 11. Ren zooms out to say his 19-stock portfolio is still down 11% over 12 months even though Axon is down 19% over the same period and up 40% over two years. 12. He also compares his track record back to March 9, 2015, saying ShareSite shows 16% per year, or 19% per year with currency effects included, versus 12% for the ASX 200 total return. 13. Bryce's Clean Harbors thesis rests on 13 commercial hazardous-waste facilities in America, with 9 owned by Clean Harbors, plus structural limits on new sites because local opposition is strong. 14. He argues that onshoring manufacturing and tighter supply chains should increase hazardous waste volumes, while price increases and margin expansion have already lifted profitability. 15. Bryce's private-equity sleeve is 10% of the portfolio and sits in Hub24, where he owns Hamilton Lane Global Private Assets Fund, 5V Capital Horizons Fund, and P3 Opportunities Fund. 16. Hamilton Lane is described as roughly a trillion-dollar manager with 50% direct private equity and 50% secondary exposure, a 1.5% management fee, a 12.5% performance fee, and a 3-year annualized net return of 11.5%. 17. 5V Capital Horizons is presented as an Australia-New Zealand mid-market fund with about $3 billion under management, around $0.11 of every dollar invested by staff, and a 35% per annum return since its 2023 launch. 18. P3 Opportunities is the most unusual holding because it finances royalties, corporate litigation, and insurance books, aiming for 10% to 12% net returns with an 18-month lockup and 90 days' notice for quarterly redemptions. 19. The tone is conversational and self-auditing, with Bryce and Ren openly comparing winners, losers, and structural changes. 20. Listeners who follow self-directed investing, ETFs, and private markets will get the most from it, while people who want a narrative story without portfolio mechanics may skip it.

Listen to the show on

Apple Podcasts Spotify

Play clips from this episode More from Equity Mates Investing Podcast