Aug 13, 2026 · 16 min
Bryce leads portfolio challenge by making no changes
4 investors, $100,000: Who’s winning 6 months in? | Portfolio Challenge
The halfway results test whether active trading and concentrated bets can outperform a diversified DHHF core allocation.
- 1Bryce holds first place after leaving his portfolio unchanged through a volatile quarter.
- 2Ally and Bryce have beaten DHHF, while Cam and Ren are still below the benchmark.
- 3Cam’s ETF holdings outperformed his individual stocks, sharpening the case against overtrading.
Don't miss
Bryce reveals that he made no portfolio changes during the quarter yet moved into first place.
The brief
Bryce and Ren open the midyear check-in with Cam and Ally, revisiting the $100,000 challenge’s DHHF core, satellite holdings and quarterly rebalancing rules.
The halfway standings arrive against a backdrop of AI-related volatility, earnings season and shifting property prices, raising the question of whether recent decisions added value.
Cam reviews selling Deep Yellow and REA Group, while Ren explains replacing Fuel with Hack and Pilbara Minerals with Life360; both confront the costs of concentrated bets and trading.
Ally’s momentum strategy puts Life360, Artrya, Megaport, DHHF, Asia and NDQ under scrutiny as she holds second place and weighs opportunity against discipline.
Bryce takes the lead after making no changes, with Macquarie, BHP, copper exposure and technology ETFs outperforming the group’s more active approaches.
The final comparison finds Bryce and Ally ahead of DHHF, leaving one rebalancing opportunity and a clear test of whether active decisions can close the gap.
What was said on this episode
36 statements · 23 positive · 9 negative · 2 mixed · 2 neutral
Cam’s uranium exposure performed poorly and represented a high-risk investment.
“I was quite long uranium. That didn't work out well. It was a high-risk bet.”
Listen at 2:53
Cam’s trades left him marginally worse off than holding his prior positions.
“So I'm actually marginally worse off for trading.”
Listen at 3:37
Cam’s ETFs performed well, while his individual stocks performed poorly.
“And my ETFs are all going okay. They're all going very well. It's the single stocks that are burning me.”
Listen at 3:49
Cam sees good value and strong earnings growth in emerging markets despite volatility.
“There's a lot of volatility, particularly coming out of South Korea, but I think there's really good value there and excellent earnings growth.”
Listen at 4:02
GHHF is moderately geared and outperforming the referenced benchmark.
“It is moderately geared and it's outperforming GHHF.”
Listen at 4:13
Cybersecurity and software stocks experienced a sell-off earlier in the year.
“We sort of saw a sell-off in cybersecurity and software earlier in the year.”
Listen at 4:20
Cam would prefer switching his cybersecurity ETF exposure into NDQ and Nasdaq exposure.
“I'm itching to turn into NDQ and NASDAQ.”
Listen at 4:23
Ren believed the cybersecurity and software sell-off was nearing a bottom.
“It kind of felt like the bottom was forming.”
Listen at 5:23
Ren expected the software sell-off to end and AI not to disrupt the selected companies.
“figured Saspocalypse was over, AI wasn't going to come and disrupt these companies, so let's double down on that trade.”
Listen at 5:57
Ren’s Life360 position gained 6% after purchase.
“The good news is since I bought Life360, I'm up 6%.”
Listen at 6:04
Pilbara declined approximately 14% after Ren sold it.
“Pilbara, that you sold out of, that's down about 14%.”
Listen at 6:11
Ren’s Asian Technology Tigers ETF gained 30% year to date.
“I'm up 30% so far this year on that.”
Listen at 6:30
Ren’s DRGN Chinese technology ETF gained approximately 7%.
“Then I've got Dragon, DRGN, similar theme, Chinese tech. I'm up about 7% on that.”
Listen at 6:33
Ren’s 4DX Medical position was currently down 9%.
“4dx medical I was down i think i was down about 20 on that As we speak today, I'm down 9% on that.”
Listen at 7:05
Ren bought 4DX Medical near the peak of its first-half momentum.
“4DX was like the big momentum play for the first half of the year on the ASX. And I bought it right as the momentum peaked.”
Listen at 7:23
Ally hopes her portfolio rises sharply over the next three months.
“I'm hoping that everything goes parabolic for the next three months”
Listen at 8:18
Ally considers NextDC a good long-term opportunity.
“I feel like NextDC is still a really good long-term opportunity”
Listen at 8:27
Webjet rose 20% immediately after Ally sold it.
“Webjet. That was a big mistake, like a huge mistake. As soon as I sold the stock, it popped 20%.”
Listen at 8:37
Ally expected Webjet to perform well after the Strait of Hormuz reopened.
“I was backing it because I thought it would do well once the Strait of Hormuz reopens.”
Listen at 8:46
Megaport rose approximately 200% during the year.
“Megaport has been an amazing performer this year. It's been up like 200%.”
Listen at 9:02
Megaport declined nearly 11% since Ally bought it.
“Since I bought it, it's down nearly 11%.”
Listen at 9:12
Ally’s Life360 and Artrya gained, while Megaport declined over 10%.
“Life360, that's up around 6%. I've got Artria up 23% and Megaport, which is my dud of the mix, down around more than 10%.”
Listen at 9:48
DHHF gained approximately 7.8%.
“DHHF, which is doing okay, up 7% or 7.8%.”
Listen at 9:59
The Asia ETF gained 34%, attributed to memory-related holdings.
“Asia, which has done exceptionally well because of those memory names, that's up 34%.”
Listen at 10:04
NDQ gained 20%.
“NDQ up 20%”
Listen at 10:10
Bryce made no portfolio changes during the quarter.
“I made no changes to my portfolio”
Listen at 11:30
Prometicus gained 43% and was Bryce’s best-performing stock.
“the best performer is Prometicus, up 43%.”
Listen at 12:02
Macquarie gained 28% in Bryce’s portfolio.
“Macquarie was in the portfolio from the start. It's up 28%.”
Listen at 12:22
BHP gained 23% in Bryce’s portfolio.
“BHP up 23%.”
Listen at 12:32
Copper was at all-time highs.
“copper is at all-time highs”
Listen at 12:58
NDQ gained 20%.
“ndq is up 20”
Listen at 13:11
HJPN gained just under 16%.
“It's up just under 16%.”
Listen at 13:21
Each participant invested about $12,500 in DHHF, returning approximately $1,000.
“we've each invested about $12,500 of our balance in DHHF, and it's returned about $1,000 so far.”
Listen at 13:59
Cam and Ren had not outperformed their DHHF core allocations.
“Cam, you and I... have not beaten our core so far.”
Listen at 14:19
Bryce and Ally were outperforming their DHHF core allocations.
“you two are beating your core.”
Listen at 14:26
The competition continues three months before a final rebalance and end-2026 close.
“we've got another three months for this portfolio as it stands, and then we get one last opportunity to make some changes before we close it out at the end of 2026”
Listen at 14:34
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
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