TBBT Basket · May 2026

The chokepoints we’re actually watching

An equal-weighted paper portfolio of the structural picks from our research. Not advice.

8 positions · Started Feb 8, 2026

Basket return (equal-weighted)

+283.77%

Positions

Ticker

Thesis

Entry

Current

Return

AVGOAdded Feb 8, 2026-1.78% today

Hyperscaler ASIC + networking; platform economics.

$188.00

$417.87

+122.27%

CEGAdded Feb 8, 2026-2.16% today

Nuclear baseload + reliability auctions — the power premium nobody models.

$232.00

$315.82

+36.13%

VSTAdded Feb 8, 2026+1.10% today

Texas nuclear + retail; rate-setter in ERCOT.

$133.00

$160.03

+20.32%

AXTIAdded Mar 12, 2026-0.13% today

InP wafer chokepoint — 98% share of the AI-photonics substrate.

$6.50

$104.69

+1510.62%

COHRAdded Mar 12, 2026-6.92% today

Transceiver consolidation; Lumentum overlap but broader fab footprint.

$74.00

$320.82

+333.54%

MRVLAdded Mar 12, 2026-5.72% today

Custom silicon + DSP; second-derivative AI infra winner.

$62.00

$162.30

+161.77%

FNAdded Mar 12, 2026-7.50% today

Fabrinet — the assembler behind every photonics nameplate.

$220.00

$628.14

+185.52%

SOITECAdded Mar 12, 2026

SOI wafer supply; downstream of AXTI, upstream of every RF radio.

$108.00

$0.00

-100.00%

Methodology

01.Equal-weighted at each add date.
02.Rebalanced first trading day of each month.
03.Single ticker max 20% by notional at rebalance.
04.Entry prices are closing prices on the date added.

For illustration. Not investment advice. TBBT is a publisher, not an adviser.