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Quant Portfolio I In October 2025, Lumos Alpha’s Quant Portfolio I executed two algorithmic trades and delivered a total monthly return of 7.09% . The portfolio has produced a Year-to-date (YTD) return of 43.3% . Quant Portfolio II Quant Portfolio II executed three algorithmic trades in October and achieved a monthly return of 10.73% . This portfolio has generated a YTD return of 66.7% . Flagship Portfolio The Lumos Alpha Flagship Portfolio returned 2.78%  in October 2025, br

2025年10月，Lumos Alpha的量化策略投资组合I类（Quant Portfolio I)进行了2次算法交易，累计获得7.09%的月收益。从年初至今，该投资组合共获得43.3%的收益。 量化策略投资组合II类（Quant Portfolio II）进行了3次算法交易，获得10.73%的月收益。年初至今，该投资组合共获得66.7%的收益。 Lumos Alpha 旗舰投资组合在10月收益为2.78%，年初至今共获得收益18.9%。该投资组合在10月虽然收益略高于标普500指数基金，但仍旧不尽如人意。主要原因是近几个月价值股票（value stocks）表现远远低于增长股票（growth stocks），而本旗舰投资组合包含了较大比例的价值股票。另外一个原因是本投资组合里有个别重仓股票表现不佳——但我们认为属于股票正常波动现象，和公司自身的商业模式和盈利无关。所以请持有本旗舰投资组合的客户们保持耐心。 旗舰投资组合在10月份也按照原定计划做了部分调整。我们卖出了一只成长股，两只价值股，所得资金少部分用于增持已有的成长股，大部分分配给Quan

The third quarter of 2025 has concluded. Below is a performance summary for the three portfolios managed by Lumos Alpha: Quant Portfolio...

2025年第三季度结束。Lumos Alpha管理的三个投资组合分别取得如下收益： 量化投资组合 I类：第三季度收益16.0%，2025年前三个季度收益33.8% 量化投资组合 II类：第三季度收益23.8%，2025年前三个季度收益50.6%...

I recently came across an article in Barron’s  that I really enjoyed, so I translated it into Chinese to make it easier for some of my...

When Berkshire Hathaway’s 13F filing hits after today’s market close, the investing world will finally learn the identity of Warren...

Every six months, Callum Thomas runs a Twitter survey asking a simple question: Are you allocating to gold or bitcoin/crypto? The latest...

Portfolio Performance As of June 30, 2025, the Lumos Alpha Flagship Portfolio delivered a year-to-date (YTD) return of 7.81%....

As the US-China tariff war intensifies, and with expectations that the conflict may persist for years, investors should consider reducing...

U.S. stocks plunged today, marking their worst single-day decline since 2020. The Dow Jones dropped nearly 1,700 points after President...

Portfolio Performance In the first quarter of 2025, the Lumos Alpha Flagship Portfolio delivered a return of 0.93% , outperforming the...