ProCap Financial (BRR)
Market Price (9/21/2026): $3.75 | Market Cap: $335.2 MilSector: Financials | Industry: Diversified Capital Markets
ProCap Financial (BRR)
Market Price (9/21/2026): $3.75Market Cap: $335.2 MilSector: FinancialsIndustry: Diversified Capital Markets
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Digital & Alternative Assets. Themes include Private Equity, and Venture Capital. | Weak multi-year price returns2Y Excs Rtn is -100%, 3Y Excs Rtn is -135% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -31 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -24858% Expensive valuation multiplesP/SPrice/Sales ratio is 2,733x Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 5905% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -17913%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -18162% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -64% High stock price volatilityVol 12M is 101% Key risksBRR key risks include [1] a severe liquidity crisis creating "going concern" doubt, Show more. |
| Megatrend and thematic driversMegatrends include Digital & Alternative Assets. Themes include Private Equity, and Venture Capital. |
| Weak multi-year price returns2Y Excs Rtn is -100%, 3Y Excs Rtn is -135% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -31 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -24858% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 2,733x |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 5905% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -17913%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -18162% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -64% |
| High stock price volatilityVol 12M is 101% |
| Key risksBRR key risks include [1] a severe liquidity crisis creating "going concern" doubt, Show more. |
Qualitative Assessment
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ProCap Financial (BRR) stock has gained about 75% since 5/31/2026 because of the following key factors:
1. Significant growth and strategic reorientation around its AI-driven platform. ProCap Financial's AI agent lab, Silvia, demonstrated substantial growth, surpassing $50 billion in assets under management within 14 months of its public launch by July 13, 2026. Further bolstering its profile, Silvia outperformed major AI models on tax-related tasks and open-sourced the benchmark test in August 2026. This strong performance and strategic pivot culminated in the company's rebranding to Silvia (ticker: SVIA), effective September 22, 2026, underscoring its commitment to AI-driven financial services.
2. Aggressive share repurchase program at a discount to Net Asset Value (NAV). The company actively repurchased its common stock, a move that reduces outstanding shares and increases per-share value. For the six months ended fiscal Q2 2026 (which concluded on June 30, 2026), ProCap Financial repurchased 5,238,030 shares for $12.8 million. This aggressive strategy continued into the next period, with the company repurchasing an additional 2.2% of its outstanding common stock since September 3, 2026, at an approximate 22% discount to its NAV of $3.62 per share. Since the inception of the buyback program, approximately 12.2% of total outstanding shares have been repurchased.
Show more
ProCap Financial (BRR) stock has gained about 75% since 5/31/2026 because of the following key factors:
1. Significant growth and strategic reorientation around its AI-driven platform. ProCap Financial's AI agent lab, Silvia, demonstrated substantial growth, surpassing $50 billion in assets under management within 14 months of its public launch by July 13, 2026. Further bolstering its profile, Silvia outperformed major AI models on tax-related tasks and open-sourced the benchmark test in August 2026. This strong performance and strategic pivot culminated in the company's rebranding to Silvia (ticker: SVIA), effective September 22, 2026, underscoring its commitment to AI-driven financial services.
2. Aggressive share repurchase program at a discount to Net Asset Value (NAV). The company actively repurchased its common stock, a move that reduces outstanding shares and increases per-share value. For the six months ended fiscal Q2 2026 (which concluded on June 30, 2026), ProCap Financial repurchased 5,238,030 shares for $12.8 million. This aggressive strategy continued into the next period, with the company repurchasing an additional 2.2% of its outstanding common stock since September 3, 2026, at an approximate 22% discount to its NAV of $3.62 per share. Since the inception of the buyback program, approximately 12.2% of total outstanding shares have been repurchased.
3. Inclusion in prestigious Russell Indexes. On September 18, 2026, ProCap Financial announced its upcoming inclusion in both the small-cap Russell 2000 Index and the broader Russell 3000 Index, effective September 21, 2026. This inclusion in widely followed benchmarks significantly enhances the stock's visibility and liquidity, attracting greater institutional and retail investor interest.
4. Strategic utilization of Bitcoin holdings to fund share buybacks. As a Bitcoin-native financial services firm, ProCap Financial strategically leveraged its significant Bitcoin holdings to finance its share repurchase initiatives. For instance, the company sold approximately 52 Bitcoin in June 2026 to repurchase 2 million shares, and approximately 50 Bitcoin in September 2026 for further buybacks, effectively converting a portion of its digital assets to enhance shareholder value at a discount to NAV. As of June 30, 2026, the company held 5,355 Bitcoin with a fair value of $313.4 million.
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Stock Movement Drivers
Fundamental Drivers
The 74.9% change in BRR stock from 5/31/2026 to 9/20/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 5312026 | 9202026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.15 | 3.76 | 74.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 0 | 0.0% |
| P/S Multiple | � | 2,732.7 | 0.0% |
| Shares Outstanding (Mil) | 83 | 89 | -7.3% |
| Cumulative Contribution | 0.0% |
Market Drivers
5/31/2026 to 9/20/2026| Return | Correlation | |
|---|---|---|
| BRR | 74.9% | |
| Market (SPY) | 0.9% | 17.4% |
| Sector (XLF) | 8.3% | 11.9% |
Fundamental Drivers
The 41.9% change in BRR stock from 2/28/2026 to 9/20/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 2282026 | 9202026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.65 | 3.76 | 41.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 0 | 0.0% |
| P/S Multiple | � | 2,732.7 | 0.0% |
| Shares Outstanding (Mil) | 92 | 89 | 3.1% |
| Cumulative Contribution | 0.0% |
Market Drivers
2/28/2026 to 9/20/2026| Return | Correlation | |
|---|---|---|
| BRR | 41.9% | |
| Market (SPY) | 11.6% | 24.8% |
| Sector (XLF) | 9.2% | 11.7% |
Fundamental Drivers
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Market Drivers
8/31/2025 to 9/20/2026| Return | Correlation | |
|---|---|---|
| BRR | -62.9% | |
| Market (SPY) | 19.4% | 23.2% |
| Sector (XLF) | 4.7% | 11.6% |
Fundamental Drivers
nullnull
Market Drivers
8/31/2023 to 9/20/2026| Return | Correlation | |
|---|---|---|
| BRR | ||
| Market (SPY) | 75.6% | 22.5% |
| Sector (XLF) | 69.8% | 11.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BRR Return | - | - | - | - | -66% | -3% | -67% |
| Peers Return | 39% | -83% | 424% | 64% | -14% | 20% | 115% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 103% |
Monthly Win Rates [3] | |||||||
| BRR Win Rate | - | - | - | - | 17% | 56% | |
| Peers Win Rate | 42% | 33% | 70% | 45% | 55% | 47% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| BRR Max Drawdown | - | - | - | - | - | -62% | |
| Peers Max Drawdown | -69% | -85% | -50% | -56% | -58% | -45% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: MSTR, COIN, MARA, RIOT, CLSK.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/18/2026 (YTD)
How Low Can It Go
BRR has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -15.5% | -18.8% |
| % Gain to Breakeven | 18.4% | 23.1% |
| Time to Breakeven | 80 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -10.7% | -9.5% |
| % Gain to Breakeven | 12.0% | 10.5% |
| Time to Breakeven | 26 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -16.1% | -6.7% |
| % Gain to Breakeven | 19.1% | 7.1% |
| Time to Breakeven | 270 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.6% | 32.4% |
| Time to Breakeven | 467 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -19.7% | -19.2% |
| % Gain to Breakeven | 24.5% | 23.8% |
| Time to Breakeven | 123 days | 105 days |
In The Past
State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
BRR has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.6% | 32.4% |
| Time to Breakeven | 467 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -21.4% | -12.2% |
| % Gain to Breakeven | 27.3% | 13.9% |
| Time to Breakeven | 272 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -26.1% | -17.9% |
| % Gain to Breakeven | 35.3% | 21.8% |
| Time to Breakeven | 162 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -78.3% | -53.4% |
| % Gain to Breakeven | 359.8% | 114.4% |
| Time to Breakeven | 2329 days | 1085 days |
In The Past
State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About ProCap Financial (BRR)
ProCap Financial (BRR) is a blank check company, also known as a Special Purpose Acquisition Company (SPAC), incorporated in June 2024. Its primary business purpose is to raise capital from investors and then use those funds to acquire or merge with an existing private operating business, thereby facilitating that private company's entry into the public markets. As of its formation, ProCap Financial has not yet identified any specific target company for acquisition, nor has it initiated any substantive discussions, and it is open to pursuing a business combination in any industry.
Currently, ProCap Financial does not have its own commercial operations, products, or services. Its "main product" for investors is the opportunity to invest in a vehicle managed by an experienced team that will seek out and execute a successful business combination. The company is affiliated with Cohen, a financial services firm specializing in capital markets and asset management. This affiliation suggests ProCap Financial may leverage Cohen's expertise in areas such as deal sourcing, underwriting, and advisory services to identify a suitable acquisition target, ultimately serving private companies looking to go public and investors seeking to participate in such transactions.
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- It's like a publicly traded **private equity fund** (similar to one from **Blackstone** or **KKR**), but specifically designed to find and acquire just one private company to take public.
- Imagine a very early-stage **Berkshire Hathaway**, but with the singular goal of acquiring just one private company and then essentially becoming that operating business.
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ProCap Financial (BRR)
- Facilitating Business Combinations: ProCap Financial is a blank check company whose sole purpose is to identify and complete a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more private operating businesses.
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Anthony Pompliano, Chief Executive Officer
Anthony Pompliano is the Founder and Chief Executive Officer of ProCap Financial, and also serves as its Chairman. He is described as a life-long entrepreneur and investor. Mr. Pompliano personally invested over $1 million in ProCap Financial's common stock. His compensation structure includes a $1 annual salary, with 100% of his equity compensation vesting only if the company's stock price reaches performance milestones, starting at $15 per share and incrementally up to $50 per share. He also serves as CEO of Inflection Points Inc., which owns 51% of CFO Silvia, a company ProCap Financial is in the process of acquiring.
Renae Cormier, Chief Financial Officer
Renae Cormier serves as the Chief Financial Officer of ProCap Financial.
Megan Pacchia, Chief Operating Officer
Megan Pacchia was appointed as the Chief Operating Officer of ProCap BTC, which later combined to form ProCap Financial.
Kyle Wood, Chief Legal and Compliance Officer
Kyle Wood was appointed as the Chief Legal and Compliance Officer of ProCap BTC, which later combined to form ProCap Financial.
Jeff Park, Chief Investment Officer
Jeff Park was appointed as the Chief Investment Officer of ProCap BTC, which later combined to form ProCap Financial.
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The business model of Special Purpose Acquisition Companies (SPACs), within which ProCap Financial operates, faces clear emerging threats. These include increased regulatory scrutiny from bodies like the SEC, which is leading to more stringent disclosure requirements and potential legal liabilities, making the SPAC process more complex and less appealing. Furthermore, a significant decline in investor appetite for SPACs, characterized by higher redemption rates and poorer post-merger performance, makes it increasingly challenging for ProCap to identify a suitable target, secure shareholder approval for a business combination, and raise necessary capital to complete its initial acquisition.
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- Expansion and growth of Bitcoin-native financial services offerings: ProCap Financial aims to build a financial services platform centered around Bitcoin, including potential lending, custody, and capital markets products. The company's mission to be a "Bitcoin-native financial services firm" suggests that the development and widespread adoption of these unique offerings will be a primary driver of future revenue growth.
- Successful integration and commercialization of AI-powered financial agents: The planned acquisition of CFO Silvia, an AI agent lab focused on finance, positions ProCap Financial to become the "first publicly traded agentic finance firm." Future revenue growth is expected from the successful integration of CFO Silvia's AI capabilities and the subsequent development and commercialization of AI-driven financial products and services.
- Monetization of its substantial Bitcoin treasury through yield-generating strategies: ProCap Financial has a strategy of "aggressive Bitcoin accumulation" and aims to "deploying balance sheet bitcoin across yield-oriented and risk-managed products (lending, custody, capital markets)." Generating income through these strategies from its significant Bitcoin holdings is expected to contribute to future revenue growth.
- Strategic acquisitions and partnerships in the fintech and crypto sectors: Beyond the CFO Silvia acquisition, ProCap Financial may pursue additional mergers, acquisitions, or strategic partnerships in the rapidly evolving financial technology and cryptocurrency spaces. Such inorganic growth initiatives could rapidly expand its product suite, customer base, and market reach, thereby driving future revenue growth.
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Share Repurchases
- ProCap Financial has an aggressive share repurchase program and is committed to continuing buybacks when shares trade at a discount to Net Asset Value (NAV).
- The company repurchased 155,561 shares on February 23, 2026, at an approximate 32% discount to NAV.
- ProCap Financial announced a $100 million share repurchase program and has retired over 3% of its outstanding common stock since launching its program.
Share Issuance
- ProCap Financial was founded in 2025 and raised more than $750 million from leading investors.
- The company registered 51,024,833 shares of Common Stock in a prospectus supplement dated March 3, 2026, which includes shares for resale, conversion of convertible notes, and exercise of warrants.
- As of February 12, 2026, 85,166,604 shares were issued and 83,422,775 shares were outstanding.
Inbound Investments
- ProCap Financial, founded in 2025, raised over $750 million from leading investors.
- ProCap BTC, LLC, which merged to form ProCap Financial, utilized proceeds from a preferred equity investment to acquire thousands of Bitcoin, subsequently contributed to ProCap Financial.
Outbound Investments
- ProCap Financial acquired 450 Bitcoin on February 27, 2026, for approximately $35,422,500, funded from working capital.
- The company has increased its total Bitcoin holdings to 5,000 Bitcoin, positioning itself among the largest Bitcoin holders among publicly traded firms.
- ProCap Financial announced an agreement to acquire CFO Silvia, Inc., an AI agent lab, in an all-stock transaction.
Peer Outperformance in Diversified Capital Markets
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Reinsurance | 6 | 24.2% | 70.6% | 133.7% | SPNT 170% · RGA 154% · RNR 140% |
| Investment Banking & Brokerage | 13 | -1.7% | 105.1% | 116.5% | IBKR 527% · SNEX 257% · HOOD 183% |
| Diversified Banks | 12 | 27.5% | 129.8% | 116.3% | CM 161% · JPM 159% · RY 149% |
| Life & Health Insurance | 20 | 8.6% | 57.6% | 105.8% | JXN 534% · UNM 373% · FG 207% |
| Multi-Sector Holdings | 4 | 6.8% | 50.2% | 87.3% | JONE 361% · VOYA 88% · BRK-B 87% |
| Property & Casualty Insurance | 42 | 9.6% | 67.5% | 67.8% | ASIC 2760900% · HRTG 445% · UVE 331% |
| Regional Banks | 265 | 23.9% | 91.7% | 67.1% | ESQ 391% · GCBC 340% · VBNK 335% |
| Multi-line Insurance | 9 | 8.8% | 71.2% | 64.1% | GNW 201% · L 112% · SLF 104% |
| Financial Exchanges & Data | 15 | -0.1% | 17.4% | 32.7% | VIRT 184% · CBOE 135% · CME 83% |
| Diversified Financial Services | 4 | -7.3% | 22.1% | 32.6% | FRHC 168% · EQH 119% · TMS -54% |
| Consumer Finance | 30 | 1.7% | 89.6% | 26.9% | ENVA 447% · EZPW 319% · FCFS 168% |
| Insurance Brokers | 16 | -15.1% | -6.3% | 20.3% | LIFE 200% · ARX 87% · AJG 70% |
| Commercial & Residential Mortgage Finance | 14 | -50.2% | 32.8% | 13.9% | FNMA 454% · FMCC 436% · ACT 204% |
| Asset Management & Custody Banks | 84 | -11.7% | 17.6% | 12.0% | WT 348% · SII 279% · VCTR 274% |
| Specialized Finance | 3 | 14.0% | 42.2% | -2.8% | EFC 27% · CACC -3% · HASI -16% |
| Mortgage REITs | 33 | -13.0% | 7.4% | -16.5% | NREF 53% · RITM 42% · DX 34% |
| Transaction & Payment Processing Services | 15 | -1.0% | -5.9% | -42.9% | V 74% · MA 73% · CPAY 58% |
| Diversified Capital Markets ← | 20 | -36.3% | 20.7% | -48.1% | OPY 196% · LPLA 136% · GOLD 90% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 19.11 |
| Mkt Cap | 6.7 |
| Rev LTM | 677 |
| Op Inc LTM | -199 |
| FCF LTM | -1,068 |
| FCF 3Y Avg | -961 |
| CFO LTM | -257 |
| CFO 3Y Avg | -354 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.5% |
| Rev Chg 3Y Avg | 42.4% |
| Rev Chg Q | -18.5% |
| QoQ Delta Rev Chg LTM | -4.2% |
| Op Inc Chg LTM | -61.3% |
| Op Inc Chg 3Y Avg | -92.6% |
| Op Mgn LTM | -58.2% |
| Op Mgn 3Y Avg | -29.1% |
| QoQ Delta Op Mgn LTM | -4.0% |
| CFO/Rev LTM | -75.4% |
| CFO/Rev 3Y Avg | -62.9% |
| FCF/Rev LTM | -158.4% |
| FCF/Rev 3Y Avg | -168.7% |
Price Behavior
| Market Price | $3.76 | |
| Market Cap ($ Bil) | 0.3 | |
| First Trading Date | 06/09/2025 | |
| Distance from 52W High | -63.5% | |
| 50 Days | 200 Days | |
| DMA Price | $4.37 | $9.02 |
| DMA Trend | down | up |
| Distance from DMA | -14.0% | -58.3% |
| 3M | 1YR | |
| Volatility | 90.9% | 101.5% |
| Downside Capture | -189.11 | 279.74 |
| Upside Capture | 332.79 | 116.69 |
| Correlation (SPY) | 8.9% | 23.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -1.01 | 0.34 | 0.92 | 1.76 | 1.75 | -0.01 |
| Up Beta | 0.11 | 0.27 | 1.01 | 1.48 | 1.96 | 0.91 |
| Down Beta | -14.00 | -0.31 | 0.77 | 1.86 | 1.17 | 0.33 |
| Up Capture | 167% | 202% | 97% | 147% | 67% | 6% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 10 | 18 | 25 | 50 | 94 | 100 |
| Down Capture | -395% | -126% | 102% | 186% | 181% | 101% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 10 | 22 | 37 | 73 | 134 | 146 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BRR | |
|---|---|---|---|---|
| BRR | -63.0% | 100.9% | -0.50 | - |
| Sector ETF (XLF) | 4.5% | 14.6% | 0.08 | 11.9% |
| Equity (SPY) | 16.9% | 12.9% | 0.94 | 23.3% |
| Gold (GLD) | 19.1% | 29.3% | 0.60 | 13.4% |
| Commodities (DBC) | 46.3% | 20.6% | 1.73 | 2.8% |
| Real Estate (VNQ) | 4.9% | 13.6% | 0.10 | 10.0% |
| Bitcoin (BTCUSD) | -30.6% | 44.3% | -0.70 | 31.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BRR | |
|---|---|---|---|---|
| BRR | -18.4% | 94.9% | -0.50 | - |
| Sector ETF (XLF) | 10.1% | 18.4% | 0.41 | 11.4% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | 22.5% |
| Gold (GLD) | 19.1% | 18.8% | 0.83 | 13.3% |
| Commodities (DBC) | 11.2% | 19.5% | 0.45 | 2.9% |
| Real Estate (VNQ) | 1.1% | 18.8% | -0.05 | 9.7% |
| Bitcoin (BTCUSD) | 12.5% | 52.5% | 0.42 | 30.6% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BRR | |
|---|---|---|---|---|
| BRR | -9.7% | 94.9% | -0.50 | - |
| Sector ETF (XLF) | 12.9% | 22.1% | 0.53 | 11.4% |
| Equity (SPY) | 15.1% | 18.0% | 0.72 | 22.5% |
| Gold (GLD) | 12.1% | 16.4% | 0.61 | 13.3% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | 2.9% |
| Real Estate (VNQ) | 4.4% | 20.7% | 0.18 | 9.7% |
| Bitcoin (BTCUSD) | 62.6% | 66.2% | 1.02 | 30.6% |
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Earnings Returns History
Updated 6/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
Insider Activity
Updated 9/15/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Park, Jeffrey Jin Hyung | Chief Investment Officer | Direct | Sell | 5272026 | 1.60 | 21,140 | 33,824 | 1,106,918 | Form |
| 2 | Park, Jeffrey Jin Hyung | Chief Investment Officer | Direct | Sell | 5272026 | 1.65 | 254 | 419 | 1,176,391 | Form |
| 3 | Park, Jeffrey Jin Hyung | Chief Investment Officer | Direct | Sell | 5212026 | 1.93 | 50,962 | 98,357 | 1,376,511 | Form |
| 4 | Park, Jeffrey Jin Hyung | Chief Investment Officer | Direct | Buy | 12222025 | 3.20 | 8,250 | 26,400 | 1,626,400 | Form |
| 5 | Miller, William H IV | Bill Miller 2020 Family Trust | Buy | 12222025 | 3.25 | 30,000 | 97,428 | 97,428 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Park, Jeffrey Jin Hyung | Chief Investment Officer | Direct | Sell | 5272026 | 1.60 | 21,140 | 33,824 | 1,106,918 | Form |
| 2 | Park, Jeffrey Jin Hyung | Chief Investment Officer | Direct | Sell | 5272026 | 1.65 | 254 | 419 | 1,176,391 | Form |
| 3 | Park, Jeffrey Jin Hyung | Chief Investment Officer | Direct | Sell | 5212026 | 1.93 | 50,962 | 98,357 | 1,376,511 | Form |
| 4 | Park, Jeffrey Jin Hyung | Chief Investment Officer | Direct | Buy | 12222025 | 3.20 | 8,250 | 26,400 | 1,626,400 | Form |
| 5 | Miller, William H IV | Bill Miller 2020 Family Trust | Buy | 12222025 | 3.25 | 30,000 | 97,428 | 97,428 | Form | |
| 6 | Pompliano, Anthony John Iii | Chief Executive Officer | Direct | Buy | 12182025 | 3.37 | 298,000 | 1,004,260 | 1,004,263 | Form |
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