Oh Canada!
The 🐿️'s 'Start the Week' note! Our weekly review of BUSHY™ and live Acorn trade ideas. 2026, Week 17.
As previewed last week, the🐿️ has been restructuring his China equity concentrated long-only portfolio. 17 stocks, 55% in top 5 names. Check it out via the link below 👇:
Oh Canada!
The M&A bankers of Toronto’s Bay Street are creating a bunch of extra work for the 🐿️! Delighted for you fellas, but please cut it out! I keep on needing to find portfolio replacements.
Last week saw a $16.4 billion bid for ARC Resources (ARX:TSX), whittling down my #COM Mafia basket to just 5 stocks (after losing MEG Energy to Cenovus late last year.
I agree with the excellent commentary from Arjun Murti (a consistent bull on Canadian energy assets for as long as I have followed him) on the deal:
“One needs to disaggregate emissions from consumption from emissions from production. If that's what you care about let's disaggregate these things, and encourage good countries like Canada to produce as much as they can, using the standards that they have stuck by … Canadian oil and gas is good oil and gas. This deal … is a sign of the times. It fits our Geopolitical Super Vol theme, and we want to see more from Canada. We love Canadian oil and gas.”
The previous week saw Agnico Eagle swoop on my namesake Rupert Resources (RUP:TSX), one of the development assets sitting within the 🐿️’s ShinyAcorns™ basket.
Am still working on a ‘like for like’ replacement for both portfolios.
What are the bets placed?
BUSHY™ had a strong week and continues its attempt to reel in its end-February high water mark.
Since inception (1/1/25), BUSHY™ has been compounding at over 25% with less than 9% annualized weekly volatility.
As part of my research for the weekend note on the new China basket, I spent some time looking at the multi-asset portfolios that I track to figure out how investors that I respect are positioned in China equities and elsewhere (TLDR - very light still!).
But there were some other interesting observations to make: