Global Rebalance for End March 2026
Starting this month, we schedule rebalances for month-end and notify early. Lightening consumer discretionary exposure and avoiding energy risks to Asia seems wise now.
The Savvy Yabby Report distributes our institutional grade model portfolios to paying subscribers on a monthly basis. The current list includes these strategies.
Australian 20 Stock Model Portfolio
USA 20 Stock Model Portfolio
International (non-USA) 20 Stock Model Portfolio
Global Best Ideas 25 Stock Model Portfolio
The existing research notes and newsletter offer remains, but you will see some tighter integration between what we write there and the model portfolios.
The licensing and complaints procedure is outlined in our Financial Services Guide.
These portfolios follow the Jevons Global investment process.
1.19MB ∙ PDF file
The last change to the model portfolio was effective at close 10-Mar-2026.
On the last portfolio change, which happened pre-war we exited these positions:
AAPL Apple Inc
ORCL Oracle Corp
This was to make way for new inflation hedges:
XOM Exxon Mobil Corp
LIN Linde Plc
This month we need to synchronize the Global 25 Model with the latest changes to our US 20 Model and out International 20 Model.
The theme of this rebalance is a more defensive posture.
The main areas we seek to strengthen are hedging to higher energy prices, the risk of higher interest rates, and the possibility of a consumer slowdown.
Since the last 10-Mar-2026 change the benchmark FTSE Global All Cap Index (ETF: VT) fell -6.08%, and the portfolio a lesser -4.25%, for a 1.83% positive alpha. The complete figures for the month will be out tomorrow, but will include the initial period, plus the results of overnight trade. Including, the period from the start of the month, the alpha was a more modest 1.26%, and the benchmark return -9.02%, and model -7.76%.
The above chart shows relative contribution by stock. Exxon XOM and Linde LIN both added value, while Newmont NEM, Taiwan Semiconductor TSM and IHI 7013.T were a drag on performance. This chart is from the start-of-month, and so includes Oracle ORCL, and Apple AAPL, which were exited in the US rebalance.
The updates for close-of-trade 31-Mar-2026 are below the paywall.
