The Convenience Economy
+1.7%
since Sep 16
The idea
I believe the daily grind of grocery shopping, meal planning, and ordering keeps shifting onto apps and the automated systems behind them, and AI only speeds that up. So this basket owns both sides: the retail giants winning at pickup and delivery, the apps people tap for food and essentials, plus the checkout plumbing, warehouse robots, and logistics that fill those orders underneath. It leans heavily on a few durable anchors, keeps smaller stakes in the punchier automation and app names, holds some cash on the side, and is built to sit through years, not months.
What it owns
- Large retailers with established delivery and pickup networks retain direct customer relationships across multiple ordering channels. · AmazonIt owns the habit of ordering essentials online, runs the biggest robot-filled warehouses, and is pushing same-day grocery into its core business., WalmartIt is the grocery giant actually winning at pickup and delivery, with online sales growing much faster than its traditional stores., CostcoMembers keep renewing at record rates and its delivery and online business keeps growing on top of that loyalty foundation., KrogerIt is betting on automated fulfillment centers with Ocado to fill online orders cheaply, extending its reach into the convenience delivery shift., ChewyMost of its sales come from auto-ship, people literally automating a recurring errand, the stickiest proof that convenience ordering becomes a habit.29%
- These are the screens where people actually order dinner and groceries, so they collect a cut of every convenience purchase flowing through the take. · DoorDashIt is the biggest app people tap when they hand off a food errand, and it keeps stretching into groceries and everyday essentials., Uber TechnologiesIt turns one giant driver network into a delivery machine for restaurants, groceries, and convenience stores across the world., Instacart (Maplebear)It is the purest bet on people outsourcing the grocery run itself, earning a cut of every order and building an advertising business on top., Domino's PizzaIt built its whole business around getting dinner to the door before apps existed, and it profits whether orders come through its own app or the aggregators., Grab HoldingsIt is Southeast Asia's version of the same shift, one app for food, groceries, and payments across countries where delivery habits are still forming.25%
- Every order flows through payment and restaurant software, so these companies earn a toll on the whole shift toward outsourced errands. · ShopifyIt is the checkout and storefront layer for millions of merchants selling essentials online, plus AI tools that make running a store easier., VisaIt collects a small cut of nearly every app order in this take, so more errands handled by apps means more payment volume flowing through it., ToastIt runs the software restaurants use to take online orders, manage delivery, and get paid, helping them keep up with app-driven demand., BlockIts Square side handles checkout and ordering for the small food businesses feeding the delivery apps and earning from their payment volume.15%
- Someone has to pick, pack, and move all those orders, and automation is what makes daily delivery affordable enough to become a habit. · SymboticIt builds the warehouse robots that fill grocery orders, automating the fulfillment that makes daily delivery economically sustainable., United Parcel ServiceIt carries the packages this take generates, so more orders to more doors means more volume through its delivery network., GXO LogisticsIt runs automated warehouses for retailers who want delivery-speed fulfillment without building the infrastructure themselves., Zebra TechnologiesIt sells the scanners and tracking gear that let warehouses and stores know where every item is, the unglamorous plumbing every delivery promise depends on.14%
- If AI speeds up meal planning, ordering, and delivery routing, the companies supplying that intelligence benefit across every layer of the take. · NVIDIAIt sells the chips behind the AI that routes drivers, predicts orders, and runs warehouse robots across the entire convenience shift., AlphabetIt owns the maps every delivery driver navigates by and is building AI assistants that could soon plan meals and place orders for people.9%
- Cash8%