Solidum Prime, the world’s first equal weight DAA, performed exceptionally well in December. Two major factors contributed to this success:

PORTFOLIO CHANGES

The investment committee decided to sell some of the consistently underperforming assets at the beginning of the month including Bancor, Basic Attention Token, DigixDAO, iExec RLC, MaidSafeCoin, Metal and Numeraire. Additionally, after performing investment analyses on various digital assets that were recently included on the ICONOMI platform, Qtum and Request Network were identified as potentially providing long-term value, and were added to the portfolio. The total number of holdings in the portfolio were reduced from 25 to 20 to retain only those holdings with the best prospects under an evolving market.

PORTFOLIO REBALANCING

During this month, the portfolio was rebalanced three times due to the rapidly changing nature of the crypto market. Several assets had enormous price appreciations and the resulting profits were redistributed to other underperforming assets, in accordance with the equal weight investment strategy. This strategy has proven to minimize the overall risk and volatility of the SOPR portfolio, while providing an additional boost to the portfolio performance.

PERFORMANCE REVIEW

The overall portfolio performance in December was exceptional. Solidum Prime generated returns of +134.43%, easily surpassing returns of Bitcoin (+38.33%) and Ether (+69.25%) alone. Graphical performance comparison:

CONCLUSION

The team continues to keep a close eye on the developments in the crypto market. Additionally, we are striving to improve our investment and management processes, so as to continue delivering exceptional portfolio performance in the future.