Introduction
This “Librarian Capital’s Monthly Letter” tracks our “Select 15” model portfolio, which we have run since the start of 2023. The portfolio showcases our most-preferred stocks and quantify our view of the relative attractiveness of each, and closely resembles how we manage capital in real life, including more than 80% of my personal assets.
The “Select 15” model portfolio finished 2025 with a 16.1% gain for the year, taking our total gain over 3 years to 62.6%.
The portfolio has gained another 1.5% during January 1-22, taking total gains since inception to 65.0%. Having started with a notional $1.00m, the portfolio finished 2025 at $1.63m and currently stands at $1.65m:
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