Summary
The September 2, 2026 Mex Pete Model Portfolio PDF shows the portfolio at its most diversified since the cycle peak window began: 5 active long positions — three new since the August 4 snapshot — with the latest being DBA (Invesco DB Agriculture Fund) entered 02.09.2026 at 27.50). The two Australian resource names added August 26 — CGS (Cogstate Ltd) at 2.70) and SFR (Sandfire Resources) at 20.00) — remain open. AME and IEFA from August 5 are still held but AME is now underwater at 254.05 entry (−9% unrealized), approaching its 99.34. The portfolio has shifted from a US-centric breakout stance to a commodity/resource-heavy posture with 3 of 5 positions in agriculture and mining. [Source: PSE, Mex-Pete-Model-Portfolio-September-2-2026]
Key Claims
- DBA long: entry 27.50, current price 29.49 — new position #1. Triggered off the US Watchlist buy level of >28.50. — confidence: high
- CGS long: entry 2.70, current price 3.08 — position #2, slightly in profit. Graduated from AUS Watchlist (buy >2.95). — confidence: high
- SFR long: entry 20.00, current price 22.25 — position #3, **underwater** (−10.6% unrealized). Graduated from AUS Watchlist (buy >22). — confidence: high
- AME long: entry 233.00, current price 231.32 — position #4, **underwater** (−8.9% unrealized), only 1.68 above stop. — confidence: high
- IEFA long: entry 97.00, current price $99.34 — position #5, slightly in profit but giving back gains. — confidence: high
- PLTR short closed (05.08.2026): entry 162.66, P&L −$55.39/unit — unchanged from Aug 4. — confidence: high
- All other rows (historical positions #6–#36) unchanged from the August 28 PDF. — confidence: high
Watchlist Changes
- ADD: DBA (Invesco DB Agriculture Fund) — long at 27.50. Graduated from US Watchlist (buy >$28.50). [Source: PSE, Mex-Pete-Model-Portfolio-September-2-2026]
- ADD: CGS (Cogstate Ltd) — long at 2.70. Graduated from AUS Watchlist (buy >$2.95). [Source: PSE, Mex-Pete-Model-Portfolio-August-28-2026]
- ADD: SFR (Sandfire Resources) — long at 20.00. Graduated from AUS Watchlist (buy >$22). [Source: PSE, Mex-Pete-Model-Portfolio-August-28-2026]
Concepts Referenced
- Mex Pete Model Portfolio
- Watchlists
- Mex Pete Trading Style
- Winner’s Curse Phase
- 18.6-Year Real Estate Cycle
- Commodity Supercycle
Emma’s Analysis
This is the most aggressive diversification the Mex Pete portfolio has shown in the documented history: three new longs in four weeks, expanding from 2 positions (Aug 4) to 5 (Sep 2), with zero stops triggered in the interim. The composition shift is striking — the portfolio has pivoted from US equity breakouts (AME, IEFA) to commodity and resource exposure (DBA agriculture, CGS biotech/ASX, SFR copper/ASX). This aligns directly with the Commodity Supercycle thesis Anderson has been building: the late-cycle rotation from equities into hard assets as the 18.6-Year Real Estate Cycle approaches its peak.
However, the risk picture is deteriorating: 3 of 5 positions are underwater, and AME sits just 233 stop. SFR is down 10.6% from entry in just one week. If AME stops out, it would be the second consecutive gap-through loss (after PLTR’s −$55/unit) and would push the portfolio’s realized loss tally even deeper. The concentration in commodity/resource names means a correlated selloff in metals and agriculture could trigger multiple stops simultaneously.
The DBA entry is the clearest signal: Anderson has been flagging agriculture as a Kondratieff Wave play since BBB #61 (July 31, rare earths/China/Kondratieff). DBA was on the US Watchlist since at least July 28 at >28.50, and it triggered on September 2 — the first agriculture position since the earlier DBA trade (#12, entered March 10 at 26.55, stopped out May 29 at 0.70). The re-entry at $29.49 signals conviction that the agriculture breakout is real this time. [Source: PSE, Mex-Pete-Model-Portfolio-September-2-2026]
Cross-references: 2026-08-04-mex-pete-portfolio-snapshot, 2026-08-04-us-watchlist-snapshot, 2026-08-05-gann-26a-portfolio-alert-ame-iefa, 2026-09-02-us-watchlist-snapshot, 2026-08-26-aus-watchlist-snapshot