International Twenty Stock Portfolio: Jan 2026
The year opened with a great positive result. The model was up 6.28% and the FTSE Global All Cap 3.11% for a 3.17% alpha. Our positions in defense and resources helped.
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.
Regulatory Disclosures
This service is owned and operated by Jevons Global Pty Ltd.
The licensing and complaints procedure is outlined in our Financial Services Guide.
For legal reasons, I need to include this informational disclosure.
These portfolios follow the Jevons Global investment process.
The last change to the model portfolio was effective at close 30-Jan-2026.
These changes were described in our note Global Model Portfolios.
NB: Past performance is no guide to future results.
Model portfolios are not audited and are only approximate guides to real results.
Performance Summary for Jan-2026
The year opened positively for the benchmark FTSE Global All Cap Index. Through the month the total return of the index was 3.11%. The return for the model was 6.28%, which was 3.17% ahead of the benchmark. These are total returns in USD.
The relative performance chart shows cumulative alpha versus the benchmark.
The alpha has improved in the past three months.
Overall, the model performance since inception has been excellent.
The month to date figures are included up until 13-Feb-2026 close.
Key Contributors
The top three positive contributors to performance in Jan-2026 were:
The top three negative contributors to performance in Jan-2026 were:
In the last rebalance we exited both Rheinmetall and Petrobras.
Portfolio Valuation Metrics
The portfolio valuation is dearer than the market on a trailing Price-to-Earnings ratio basis, but cheaper on forward.
The dividend yield and Return on Equity (ROE) are lower than market.
The sector positioning is underweight resources, financial infrastructure, and physical infrastructure, neutral digital technology, with an overweight to analog technology, consumer needs, and consumer wants.
The regional weighting of the portfolio is skewed to Asia, via Japan and Hong Kong
The current weights for month-end are below.
