📊 Week 5: Staying Positioned, Staying Disciplined

Markets have now entered week 5 of a very different environment.

Geopolitical tension.
Ongoing uncertainty.
Sharp moves in both directions.

It’s exactly the type of market climate that tests investors.

But it’s also the type of environment where process, discipline, and positioning matter most.

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A Quick Reminder: How We Approach Markets....

There’s a well-known phrase:

“Time in the market beats timing the market.”

And over the long term, that’s often true.

But our approach has always been slightly different.

We focus on being in the market… while also managing when and how we deploy capital.

Not one or the other.

Both.

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📉 Week 1 — Managing Risk

As the situation began to unfold, there were a significant number of unknowns.

Rather than remain fully exposed, many of our strategies moved to a more market-neutral position.

Markets subsequently fell by around 4–5%.

By reducing exposure during this phase, we:

• Protected capital
• Preserved flexibility
• Created opportunity for redeployment

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📊 Week 2 — Establishing Position

As markets retraced, we began to reintroduce exposure.

By the end of week 2:

👉 We had entered at an average of approximately 7% below recent market highs

This wasn’t about calling the exact bottom.

It was about identifying attractive mid-term value and ensuring we were positioned to benefit from a recovery.

At the same time, we retained some capital on the side — allowing us to stay flexible.

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Balancing Mid-Term Positioning With Short-Term Flexibility

At this stage, the objective was clear:

• Be positioned for the mid-term recovery
• While remaining ready to adjust around short-term volatility

We communicated throughout:

Focus on the mid-term. Ignore the noise.

But where opportunities presented themselves in the short term, we were prepared to act.

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📈 Week 3 — Managing Volatility

Markets began the week positively, with optimism around potential de-escalation.

During this strength, we trimmed a small amount of exposure.

This allowed us to:

• Lock in some gains
• Retain flexibility
• Prepare for potential re-entry at more favourable levels

As the week progressed, the situation escalated again, and markets weakened.

While it wasn’t a perfect week in isolation, our overall positioning remained aligned with the mid-term outlook.

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🔁 Week 4 — Repositioning Efficiently

Further volatility followed, with markets moving on shifting headlines.

During this period:

👉 We added back exposure at improved prices

This is a key part of our process:

• Adjusting where appropriate
• Without losing sight of the broader positioning

We continued to build on the value already established in week 2.

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⚡ Week 5 — Where We Stand Now

As we move into week 5, the reality remains:

Nobody knows exactly how events will unfold in the short term.

Markets may:

• Move higher on positive headlines
• Pull back on renewed uncertainty

But what we do know is this:

At some stage, there will be resolution.
And markets will respond accordingly.

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Our Current Positioning

• We are in the market
• We are positioned at value
• We remain flexible and responsive

Our mid-term positioning remains strong.

At the same time, we will continue to:

• Monitor developments
• Adjust where appropriate
• Take advantage of short-term opportunities if they arise

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Why This Matters

Periods like this often highlight the difference between:

• Passive exposure
• And active portfolio management

Our focus remains consistent:

Protect capital where possible.
Deploy at value.
Stay positioned for recovery.

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📈 Looking Ahead

We are comfortable with where we are positioned.

The foundations are in place.

And if volatility continues in the short term, we will look to use it to our advantage where possible.

But importantly:

We are already in a position to benefit when markets recover.

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Final Thoughts....

We understand that environments like this can feel uncertain.

But this is exactly where our approach is designed to perform.

Disciplined.
Measured.
Positioned.

As always, if you have any questions or would like to review your portfolio in more detail, we’re here.

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Lane

TPP: Built for investors who prefer facts over headlines.

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