Jun. 30 at 3:20 PM
$NTSK $QYLS $RBRK
Recent positioning in cybersecurity continues to work, with both
$NTSK and
$QYLS already up double digits after entry. Cyber now represents a growing allocation within the overall portfolio mix (>10%), reflecting a clear thematic shift.
$RBRK remains a core long-term holding, and recent post-earnings weakness has been met with noticeable accumulation rather than sustained distribution.
What stands out from a macro perspective is the persistent disconnect: cybersecurity often gets sold off in tandem with broader software, despite being one of the most direct beneficiaries of AI adoption and, importantly, AI-driven threat escalation.
As AI scales, attack surfaces expand - which structurally increases demand for security, not reduces it.
That divergence between narrative and positioning is what continues to create opportunity in the space.
