To Whom It May Concern,

Q3 was extremely difficult as I ended up closing two positions out for a loss, the first two losses YTD. In my personal life, school work at Emory kept me busy on top of other commitments. I’ve spotted less investment opportunities through this quarter due to relatively less volatility compared to prior quarters.

There have been a couple exciting developments with this fund and platform. Firstly, the total AUM has surpassed $3.5M with a 33% return since inception. This platform has also surpassed $100K in copy trade AUM, the amount of money my subscribers are following my trades with (however this platform does not serve as financial advice). In the next couple months, Chimborazo Capital’s trades will also be taken on the Eldorado Fund, a fund focused on M&A arbitrage as a way to generate returns uncorrelated to the main strategy.

Closed Trades:

Lockheed Martin (LMT) | -3.2% Return | Entered: 1/28/25 | Exited: 7/22/25

After they missed earnings, Lockheed fell 10% from prior day close where I ended up closing my position. In hindsight, it was a mistake to do so as the reason behind the earnings miss and overreaction was due to temporary issues isolated to Lockheed and not representative of the industry. I should have seen it as an opportunity to average down and played the mean reversion to the defense industry and other competitors. Additionally, my original thesis was not substantiated enough about Lockheed itself, there were more macro and industry insights that proved themselves valid as recent rallies in the defense industry show ($RTX, $BA, $PLTR, etc.).

Tesla (TSLA) | +52% Return | Entered: 6/5/25 | Exited: 9/22/25

This position proved to be a great textbook behavioral trade and paid off very well. It was obvious staged drama and temporary misalignment between the oval office and major donors as well as an improvement in public sentiment the market did not price in.

Delta (DAL) | +39% Return | Entered: 6/13/25 | Exited: 9/3/25

The market was clearly not pricing in the increased demand and improved operational efficiency Delta had since Covid. The surge in oil prices gave a great entry point for a long on Delta.

Oscar (OSCR) | -29.8% return | Entered: 8/11/25 | Exited: 10/7/25

Largest loss so far. The hedge was great and yielded 40% per contract, however I got short squeezed when the stock went to $23. There was no real basis behind this pump, WSB and other communities were pumping the stock. I still believe my thesis will play out successfully. I did make the mistake of not waiting longer for a better risk to reward, as my price target was at ~$11. I was happy to cover since I didn’t know how much further retail was able to push prices and I also don’t want to be on the other side of the Trump administration by betting against Joshua Kushner, Jared Kushner’s brother.

Holdings:

Roblox (RBLX) | Initiated: 8/21/25 | Current P&L: 7%

Roblox is still undergoing legislative action with a couple new cases opened since I entered my position. I still believe regardless of legal action, Roblox will be able to change investor sentiment through strong growth in Q3 and future guidance. Every major company (Meta, Epic, Tiktok) underwent legal action, however walked away and grew larger.

UnitedHealth (UNH) | Initiated: 4/17/25 | Current P&L: 12%

I have around the same cost basis as Warren Buffet and other major players in the finance industry. I stand strong in its growth potential and ability to re-establish itself as a monopoly in the health insurance industry after corporate restructuring efforts. This trade will end up being a longer term hold into the middle or end of 2026.

Palantir (PLTR) | Initiated 9/8/25 | Current P&L: 15%