Rayshaun Smith Enterprises AI Fund Quarterly Update
Overall Portfolio Performance (Q4 2023)
Q4 2023 P&L: +$10,016.75
Q4 2023 P&L%: +8.18%
Fund Holdings and Performance
1. NVDA - Nvidia Corporation
- Cumulative P&L: +$16,499.10
- Recent Transaction: Sold 43/43 shares @ $468.90 on 10/12/23
2. AI - C3.Ai, Inc.
- Cumulative P&L: +$4,280.64
- Recent Transaction: Sold 294/294 shares @ $25.29 on 10/12/23
3. AMD - Advanced Micro Devices Inc
- Cumulative P&L: +$4,219.78
- Recent Transaction: Sold 101/101 shares @ $108.77 on 10/12/23
4. MU - Micron Technology Inc
- Cumulative P&L: +$3,072.58
- Recent Transaction: Sold 119/119 shares @ $69.75 on 10/12/23
5. GOOGL - Alphabet Inc.
- Cumulative P&L: +$2,716.55
- Recent Transaction: Sold 63/63 shares @ $139.10 on 10/12/23
6. QCOM - Qualcomm Inc.
- Cumulative P&L: +$1,523.27
- Recent Transaction: Sold 47/47 shares @ $111.48 on 10/12/23
7. TSM - Taiwan Semi
- Cumulative P&L: +$692.62
- Recent Transaction: Sold 31/31 shares @ $92.40 on 10/12/23
8. LMT - Lockheed Martin
- Cumulative P&L: +$459.57
- Recent Transactions:
- Bought 7/7 shares @ $438.09 on 10/16/23
- Bought 7/7 shares @ $437.89 on 10/16/23
- Bought 59/59 shares @ $444.00 on 10/16/23
9. NOC - Northrop Grumman
- Cumulative P&L: -$1,420.09
- Recent Transactions:
- Bought 7/7 shares @ $486.72 on 10/16/23
- Bought 5/5 shares @ $486.37 on 10/16/23
Looking Ahead: Q1 2024
Strategy: The focus for the upcoming quarter is a strategic reallocation of funds, with an emphasis on increasing investments in the AI sector.
Planned Actions: Reduction in defense stock holdings to expand AI stock portfolio.
Strategy and Observations
Our recent performance reflects a strong position in technology and AI sectors. Moving forward, we aim to leverage the growth potential in AI, aligning with the latest market trends and technological advancements. The team remains vigilant in monitoring market movements to optimize the fund's performance and capitalize on promising opportunities in the AI landscape.
Rayshaun Smith Enterprises AI Fund Quarterly Update
Date: August 15, 2023
Performance Highlights:
- From May 15th 2023 to August 15th 2023, we allocated $100,000 specifically to AI and semiconductor stocks. Over this quarter, the fund exhibited a robust growth of 27.8%. This growth translates to a net gain of $27,751.25, bringing the total market value to $127,751.25.
Fund Holdings Breakdown:
1. **NVDA - Nvidia Corporation**
- Mkt Value/Qty: $37,809.04/86
- Open P&L: +$13,370.42/+54.71%
- Last/Avg Price: $439.64/$284.17
2. **AMD - Advanced Micro Device**
- Mkt Value/Qty: $22,470.48/202
- Open P&L: +$3,258.26/+16.96%
- Last/Avg Price: $111.24/$95.11
3. **AI - C3.Ai, Inc.**
- Mkt Value/Qty: $18,910.08/588
- Open P&L: +$18,910.08/588
- Last/Avg Price: $32.16/$20.00
4. **GOOGL - Alphabet Inc.**
- Mkt Value/Qty: $16,476.98/127
- Open P&L: +$1,687.83/+11.41%
- Last/Avg Price: $129.74/$116.45
5. **MU - Micron Technology Inc.**
- Mkt Value/Qty: $15,610.42/238
- Open P&L: +$1,111.46/+7.67%
- Last/Avg Price: $65.59/$60.92
6. **QCOM - Qualcomm Inc.**
- Mkt Value/Qty: $10,490.40/94
- Open P&L: +$723.80/+7.41%
- Last/Avg Price: $111.60/$103.90
7. **ISM - Taiwan Semi**
- Mkt Value/Qty: $5,775.84/63
- Open P&L: +$490.14/+9.27%
- Last/Avg Price: $91.68/$83.90
Looking Ahead:
As we move forward, our strategic focus remains on identifying and leveraging the most promising opportunities within the AI landscape, as well as related tech sectors. The continued innovation and adoption of AI technologies across industries presents a compelling case for future growth. Our dedicated team is consistently monitoring market trends, ensuring that the Rayshaun Smith Enterprises AI Fund is well-positioned to capitalize on emerging opportunities.
A Full Circle Moment: Jet.AI Goes Public
Today marks a profound and full circle moment for me as the CEO & Founder of Rayshaun Smith Enterprises. Four years ago, I had the privilege of investing in a promising startup company called Jet Token. That startup, following a recent merger, has transformed into Jet.AI and has gone public today.
The journey from Jet Token’s inception to Jet.AI’s public listing has been nothing short of exhilarating. I recognized the potential of this innovative private aviation and artificial intelligence company early on, and I am thrilled to see how it has blossomed into a market leader.
The transformation into Jet.AI symbolizes a commitment to technological advancement that aligns with my own vision and values. Today’s public listing is a testament to the hard work, creativity, and excellence that have been the hallmark of the company from the beginning.
I want to extend my heartfelt congratulations to the entire Jet.AI team on this monumental achievement. The future holds immense promise for them as a publicly traded company, and they continue to have my unwavering support.
I am incredibly proud to have been part of Jet.AI’s extraordinary journey and excited about what the future holds. Together, we have reached a landmark moment, but this is just the beginning. I look forward to the continued growth and success of Jet.AI, and I believe that the best is yet to come.