Conviction 10

Who came in, who left

• InIMAX Corporation - Moviegoers who pay extra for its giant premium screens are watching a system installed in someone else's cinema, and it keeps a cut of each ticket.
• InEverpure, Inc. Class A - Makes the storage systems companies keep their data on, and is now pitching the biggest cloud operators to swap their spinning hard disks for its flash.
• InSandisk Corporation - Its very large, power-saving flash drives store data for AI training, and in some data centres they are taking the place of hard disks.
• OutMotor Oil (Hellas) Corinth Refineries S.A. - its industry has cooled
• OutCenovus Energy Inc. - its industry has cooled
• OutPetroleo Brasileiro SA - its industry has cooled

The ten, and their stories

Company	Sector	Held since	The story
Lumentum A maker of laser chips for AI data centres that has also built a switch able to reroute light without first turning it into electricity. No medal now: it has agreed to be bought by Marvell Technology, so it leaves with the next edition.	Electronic Components and Manufacturing	August 2026	Read · PDF
Jabil Customers bring the idea and keep the brand; it brings factories, parts and testing, from medical devices to the racks inside AI data centres.	Electronic Components and Manufacturing	September 2026	Read · PDF
Piraeus Bank Where many Greek families and businesses keep their savings and take their loans, and a bank now setting out to sell them insurance over the same counter.	Banking	May 2026	Read · PDF
Eurobank Mostly a lender to Greek households and companies, it also advises businesses, helps them raise money and owns property on the side.	Banking	September 2026	Read · PDF
National Bank of Greece Besides mortgages and business loans, this Greek bank looks after savers who are moving their money out of deposit accounts and into mutual funds.	Banking	August 2026	Read · PDF
Samsung Fire & Marine Insurance When a Korean is hurt, falls ill, crashes a car or sees a shop damaged, the claim often lands with the country's biggest insurer outside life cover.	Insurance	August 2026	Read · PDF
Shennan Circuit AI data centres need boards with far more layers and tighter tolerances than ordinary ones, and few suppliers can make them; this company is one.	Electronic Components and Manufacturing	October 2025	Read · PDF
IMAX New Moviegoers who pay extra for its giant premium screens are watching a system installed in someone else's cinema, and it keeps a cut of each ticket.	Hardware	October 2026	Read · PDF
Everpure New Makes the storage systems companies keep their data on, and is now pitching the biggest cloud operators to swap their spinning hard disks for its flash.	Hardware	October 2026	Read · PDF
Sandisk New Its very large, power-saving flash drives store data for AI training, and in some data centres they are taking the place of hard disks.	Hardware	October 2026	Read · PDF

What 100 euros became

Simulated: the published rules applied every month from Oct 2020 to Oct 2026, with a 0.1% cost on every trade; the market is every stock we rate, each counted equally. Simulated past performance is not a reliable indicator of future results.

Past editions

This year's, newest first. Each report opens with who came in and who left, the ten, and the results to that month.

Back issues were reconstructed in October 2026. Each shows what the portfolio's rules, as published today, would have held at the end of that month, worked out from the medals as they stood on that date. They were not published at the time: we have published the portfolio month by month since the September 2026 edition.

Earlier editions: 2025