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$DXYZ - like $VCX with a larger float

Posted on 3/25/26 at 1:47 pm
Posted by Upperdecker
St. George, LA
Member since Nov 2014
33601 posts
Posted on 3/25/26 at 1:47 pm
Some of you may have seen $VCX take off this past week. IPO’d Thursday. It’s a private venture portfolio featuring companies like Anthropic, OpenAI, SpaceX, etc. Publicly traded - same concept as the recent Robinhood $RVI, but better holdings.

Market found $DXYZ yesterday/today. Up a decent amount but not a lot compared to $VCX. $DXYZ has a lot of similar stocks in its portfolio as VCX. SpaceX is the number 1 holding with exposure to Anthropic and OpenAI and EpicGames among other juicy private companies.

NAV is key to these stocks much like a SPAC, but NAV floats over time. NAV for VCX is ~$19, NAV for DXYZ is ~$20. VCX is nearly $500 right now, while DXYZ is $30. For this reason, DXYZ presents a huge value. We expect IPOs of these private companies to set a higher value for them, resulting in NAV increasing in these venture funds. SpaceX IPO news today, and Anthropic and OpenAI should be right behind it.

Anyway buy DXYZ

Edit: I note the larger float bc you shouldn’t expect as much squeeze from DXYZ. Takes a lot more buying to move it. But should still see significant upside if VCX continues
This post was edited on 3/25/26 at 1:53 pm
Posted by The Boat
Member since Oct 2008
177503 posts
Posted on 3/25/26 at 2:54 pm to
Why not. I have enough bb88 gains to play with
Posted by astonvilla
New Jersey
Member since Dec 2005
3540 posts
Posted on 3/25/26 at 5:48 pm to
why is it trading at a discount to VCX?
Posted by Upperdecker
St. George, LA
Member since Nov 2014
33601 posts
Posted on 3/25/26 at 7:09 pm to
quote:

why is it trading at a discount to VCX?

VCX IPO’d last week. IPO momentum. But DXYZ is a sympathy play
Posted by The Boat
Member since Oct 2008
177503 posts
Posted on 3/25/26 at 7:11 pm to
Up 7% AH
Posted by frankthetank
Member since Oct 2007
2531 posts
Posted on 3/25/26 at 7:52 pm to
frick it, I'm in.
Posted by Upperdecker
St. George, LA
Member since Nov 2014
33601 posts
Posted on 4/1/26 at 11:22 am to
Stumping for this one a bit more. I added in $27 range - I think it dropped for a gap fill on VCX dropping, but SpaceX IPO will get this moving.

They ended their quarter so they will update their holdings and NAV soon. Probably in 2 weeks. I expect NAV to be $22+ soon

Edit: FWIW, I’ve done some updated NAV calcs with Gemini. Including new valuations for the various AI companies in the fund including OpenAI and Shield AI, plus Anthropic addition to the fund, plus SpaceX / xAI IPO valuation at $1.75T, Gemini has NAV at $28.73, slightly below current market price $28.40. That would imply paying 0% premium for the private companies in the fund.
This post was edited on 4/1/26 at 11:57 am
Posted by Upperdecker
St. George, LA
Member since Nov 2014
33601 posts
Posted on 4/2/26 at 3:01 pm to
SpaceX now targeting $2T IPO valuation

New NAV estimate (by Gemini)
$29.88
Posted by Upperdecker
St. George, LA
Member since Nov 2014
33601 posts
Posted on 4/29/26 at 2:31 pm to
And we’re back

Popping for 8.5% right now, over $31. Got my average below $28 in last few weeks
Posted by Upperdecker
St. George, LA
Member since Nov 2014
33601 posts
Posted on 4/30/26 at 7:55 am to
It’s just me here, but Anthropic is reportedly seeking a $900B valuation with new investors. This up-round if it goes through would raise DXYZ’s investment nearly 5x, and NAV would be $43/share based on my calcs with Gemini

I still think DXYZ is a massive value for the chance to get into these companies ahead of the general market at a reasonable price. The markup and fees are way lower than other private investors are paying to get into these companies
Posted by deltaland
Member since Mar 2011
103038 posts
Posted on 5/2/26 at 6:57 pm to
I got in at 28. Hoping to cash out when SpaceX IPO launches
Posted by Upperdecker
St. George, LA
Member since Nov 2014
33601 posts
Posted on 5/2/26 at 7:35 pm to
I got in for SpaceX too, but the Anthropic value may end up being much bigger than SpaceX
Posted by Upperdecker
St. George, LA
Member since Nov 2014
33601 posts
Posted on 5/4/26 at 10:06 am to
$39.56 right now, huge move
Posted by deltaland
Member since Mar 2011
103038 posts
Posted on 5/4/26 at 12:46 pm to
Headed to the moon

I’ve gotten a 12% return on this already but gonna hold on
This post was edited on 5/4/26 at 12:47 pm
Posted by deltaland
Member since Mar 2011
103038 posts
Posted on 5/6/26 at 9:30 am to
This stock seems to tank when the rest of the market goes green
Posted by Upperdecker
St. George, LA
Member since Nov 2014
33601 posts
Posted on 5/6/26 at 10:35 am to
Relatively low float. Now up to $39 again
Posted by Upperdecker
St. George, LA
Member since Nov 2014
33601 posts
Posted on 5/7/26 at 7:25 am to
$41.80 premarket. Ya boi is up 51%



Edit: over $45 now. Up 63%
This post was edited on 5/7/26 at 9:44 am
Posted by Upperdecker
St. George, LA
Member since Nov 2014
33601 posts
Posted on 5/8/26 at 9:21 am to
$51 +84%
Posted by supadave3
Houston, TX
Member since Dec 2005
32210 posts
Posted on 5/8/26 at 9:33 am to
This thing is cooling. Wish I would have invested more at $39 but I did add today.
Posted by Rouge
Floston Paradise
Member since Oct 2004
138612 posts
Posted on 5/8/26 at 9:45 am to
I got real lucky. Got in at $27.
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