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Search Bull Run
SMA
Capturing the World’s Most Innovative, High-Growth Companies
Performance as of —. Gross of fees.
The Equity Innovation SMA seeks to deliver substantial long-term capital appreciation by concentrating capital in a focused portfolio of 20–25 publicly traded companies at the forefront of technological innovation. The strategy is designed for investors with a high risk tolerance and a long-term investment horizon who seek to meaningfully outperform the S&P 500 over rolling market cycles — accepting higher short-term volatility in exchange for significantly greater upside potential.
BRIM’s investment process is rooted in a singular conviction: companies that sustain exceptional revenue growth — consistently exceeding 25% annually — are the ones that create durable, compounding shareholder value over time. Every holding must demonstrate this through bottom-up fundamental analysis, top-down sector assessment, and quantitative screening. The portfolio is actively managed and tactically rebalanced with the goal of optimizing risk-adjusted returns across full market cycles.
Artificial Intelligence
Machine learning, generative AI, autonomous systems, and AI infrastructure powering the next era of computing.
Cloud & SaaS
Software-as-a-Service platforms and cloud infrastructure enabling enterprise digital transformation globally.
Semiconductors
Chip designers and manufacturers supplying the foundational hardware for AI, data centers, and connected devices.
Cybersecurity
Next-generation security platforms protecting digital infrastructure against increasingly sophisticated threats.
Fintech & Payments
Disruptive financial technology companies modernizing payments, lending, and financial services at scale.
Emerging Innovation
High-conviction positions in disruptive companies reshaping healthcare, media, e-commerce, and beyond.
| # | Holding | Sector | % NAV |
|---|---|---|---|
| 1 | NVIDIA Corp | Information Technology | 17.96% |
| 2 | CoreWeave, Inc | Cloud Infrastructure | 10.11% |
| 3 | Reddit, Inc | Internet Content & Media | 7.60% |
| 4 | Tesla Inc | Consumer Technology | 7.57% |
| 5 | MicroSectors FANG+ 3x ETN | Leveraged Tech Exposure | 6.20% |
| 6 | Dave Inc | Fintech / Software | 4.87% |
| 7 | Cloudflare, Inc | Cybersecurity / Cloud | 4.45% |
| 8 | Atomera Incorporated | Semiconductors | 4.08% |
| 9 | AppLovin Corp | AdTech / Software | 4.07% |
| 10 | Roblox Corp | Interactive Entertainment | 4.02% |
| 11 | Tempus AI, Inc | Healthcare AI | 3.44% |
| 12 | Robinhood Markets, Inc | Fintech / Brokerage | 3.23% |
| 13 | Astera Labs, Inc | Semiconductors | 3.20% |
| 14 | Credo Technology Group | Semiconductors | 3.00% |
| 15 | Circle Internet Financial | Fintech / Digital Assets | 2.94% |
| 16 | Iris Energy Limited | Bitcoin Mining / Energy | 2.79% |
| 17 | MercadoLibre, Inc | E-Commerce / Fintech | 2.67% |
| 18 | Affirm Holdings, Inc | Fintech / BNPL | 2.29% |
| 19 | Hims & Hers Health, Inc | Digital Health | 2.07% |
| 20 | Bitcoin | Crypto & Digital Assets | 1.74% |
| 21 | Sea Limited | E-Commerce / Gaming / Fintech | 1.62% |
Gross of fees
| Year | Innovation SMA | S&P 500 |
|---|
| Period | Innovation SMA | S&P 500 |
|---|
Hypothetical growth of $100,000 since January 2008. Dashed gold = backtested. Solid gold = live. S&P 500 shown for comparison.
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Important Disclosures
Bull Run Investment Management (BRIM) is a state-registered RIA in McLean, VA (CRD #306763). Past performance is not indicative of future results. All investments involve risk including loss of principal. Backtested performance (Jan 2008–Mar 2020) is hypothetical. Live performance begins March 24, 2020. Calendar Year and Annualized tables shown gross of fees unless toggled to net. Net returns reflect deduction of 1.50% annual advisory fee. The S&P 500 is used for comparative purposes only. For full disclosures visit bullrunim.com.