<![CDATA[Vaapad Capital: Snapshots]]>https://vaapadcapital.substack.com/s/snapshotshttps://substackcdn.com/image/fetch/$s_!BC6I!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2d94395d-d703-47df-9a23-44a61a5ec970_1280x1280.pngVaapad Capital: Snapshotshttps://vaapadcapital.substack.com/s/snapshotsSubstackSat, 11 Apr 2026 19:30:40 GMT<![CDATA[Snapshot]]>https://vaapadcapital.substack.com/p/snapshot-a83https://vaapadcapital.substack.com/p/snapshot-a83Tue, 03 Mar 2026 05:55:42 GMT

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]]><![CDATA[Snapshot]]>https://vaapadcapital.substack.com/p/snapshot-890https://vaapadcapital.substack.com/p/snapshot-890Wed, 25 Feb 2026 20:56:46 GMT

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]]><![CDATA[Snapshot]]>https://vaapadcapital.substack.com/p/snapshot-7aahttps://vaapadcapital.substack.com/p/snapshot-7aaWed, 25 Feb 2026 04:11:19 GMT

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]]><![CDATA[Snapshot]]>https://vaapadcapital.substack.com/p/snapshot-1fdhttps://vaapadcapital.substack.com/p/snapshot-1fdFri, 20 Feb 2026 18:32:36 GMTThe portfolio is now hedged against middle eastern tensions or worse through and . This could become a crowded trade at some point. I hope it won’t.

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]]><![CDATA[Snapshot]]>https://vaapadcapital.substack.com/p/snapshot-e34https://vaapadcapital.substack.com/p/snapshot-e34Wed, 18 Feb 2026 18:40:37 GMTI’ve reduced the negative cash balance in AUD by converting the 32% USD cash balance (visible in the last Snapshot and caused by the liquidations) into AUD to restore some balance. The negative AUD position grew very large over time because of the expansion towards Australia. Some margin got freed up, and I used it to reenter

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]]><![CDATA[Snapshot]]>https://vaapadcapital.substack.com/p/snapshot-673https://vaapadcapital.substack.com/p/snapshot-673Tue, 03 Feb 2026 02:56:49 GMT

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]]><![CDATA[Snapshot]]>https://vaapadcapital.substack.com/p/snapshot-746https://vaapadcapital.substack.com/p/snapshot-746Fri, 30 Jan 2026 13:15:07 GMT

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]]><![CDATA[Snapshot]]>https://vaapadcapital.substack.com/p/snapshot-aa2https://vaapadcapital.substack.com/p/snapshot-aa2Thu, 29 Jan 2026 23:50:41 GMT

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]]><![CDATA[Snapshot]]>https://vaapadcapital.substack.com/p/snapshot-cd9https://vaapadcapital.substack.com/p/snapshot-cd9Wed, 28 Jan 2026 16:06:51 GMTReco Africa is now a bit higher up and I’ve added a tiny amount shares to Castor Maritime and Robin Energy to compensate for the missing few tenths of a percent. It may now be one percent more, but y…

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]]><![CDATA[Snapshot]]>https://vaapadcapital.substack.com/p/snapshot-2b6https://vaapadcapital.substack.com/p/snapshot-2b6Tue, 27 Jan 2026 18:51:29 GMTNew sector locked in

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]]><![CDATA[Snapshot]]>https://vaapadcapital.substack.com/p/snapshot-57ehttps://vaapadcapital.substack.com/p/snapshot-57eTue, 27 Jan 2026 00:46:36 GMTLeverage is still at 2, Namib Minerals is a big hit, I’ll let it run.

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]]><![CDATA[Snapshot]]>https://vaapadcapital.substack.com/p/snapshot-155https://vaapadcapital.substack.com/p/snapshot-155Thu, 15 Jan 2026 00:05:32 GMT Read more

]]><![CDATA[Snapshot]]>https://vaapadcapital.substack.com/p/snapshot-66ahttps://vaapadcapital.substack.com/p/snapshot-66aMon, 12 Jan 2026 19:59:16 GMT Read more

]]><![CDATA[Snapshot]]>https://vaapadcapital.substack.com/p/snapshothttps://vaapadcapital.substack.com/p/snapshotTue, 06 Jan 2026 18:47:17 GMT

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