Next in Line for Washington
abram@abram
−11.1%
since Sep 30
The idea
I believe this administration will keep picking winners in its back half, taking equity stakes, setting price floors, and steering contracts to companies it calls national-security assets. This basket bets on who gets anointed next across five repeating lanes: critical minerals, nuclear fuel and reactors, drones, ships and metals, and domestic chips. It leans into smaller names where one deal can rerate the stock, balanced by larger defense and industrial holdings, with 10% held in cash to add when the next announcement lands somewhere the market wasn't watching.
What it owns
- Mining companies with US deposits of metals Washington designates as strategically important are receiving federal funding and contracts. · Perpetua ResourcesIt owns the only permitted US antimony mine, and antimony fits the administration's focus on securing domestic supplies of defense-critical materials., Ivanhoe ElectricIts Arizona copper deposit positions it to benefit from the administration's push to fast-track domestic mine development., USA Rare EarthIt is building heavy rare earth magnet capacity in the US and represents the next potential candidate for the administration's pattern of rare earth funding., Ramaco ResourcesIt is converting a Wyoming coal deposit into a rare earth source, combining two industries the administration prioritizes for domestic development., NioCorp DevelopmentsIts Nebraska project targets niobium and scandium, metals the US imports almost entirely and that appear on critical minerals lists., United States AntimonyIt runs the only antimony smelter in the country, making it essential to any government initiative to secure domestic antimony supply.26%
- The administration is directing federal spending toward uranium enrichment and reactor development as national security priorities. · Centrus EnergyIt is the only US company enriching uranium, making it the essential partner for any government effort to replace Russian fuel sources., Energy FuelsIt combines US uranium production with rare earth processing, giving exposure to two separate administration funding lanes simultaneously., BWX TechnologiesIt builds naval reactors under existing contracts and benefits from the administration's commitment to nuclear and naval spending growth., OkloIt holds Department of Defense contracts for microreactors and is positioned in the administration's preferred small-reactor lane.22%
- The Pentagon is emphasizing low-cost American-made drones, creating contract opportunities for domestic manufacturers. · Kratos DefenseIt makes low-cost drones the Pentagon has identified as priorities, offering mid-sized exposure to the administration's drone contracting push., AeroVironmentIt is the established incumbent in US small drones and loitering munitions, making it the primary beneficiary of growth in American drone spending., Red Cat HoldingsIt won an Army short-range drone program contract and benefits from the administration's preference for American drone suppliers., Unusual MachinesIt manufactures drone components domestically and represents a small-cap bet on the administration's push for American-made drone equipment.17%
- Shipbuilding and tariff-protected domestic steel and aluminum are receiving administration support as strategic industries. · Huntington Ingalls IndustriesIt builds most of the Navy's large vessels and sits first in line for spending increases as the administration frames shipbuilding as a national emergency., Cleveland-CliffsIt operates the largest US steelmaking capacity and captures the benefits of tariff protection the administration has made a signature policy., Century AluminumIt runs the last American aluminum smelters, positioning it as the necessary endpoint for any domestic aluminum development the administration pursues.14%
- The administration is extending the approach it took with Intel to other US chipmakers as trusted domestic suppliers. · GlobalFoundriesIt manufactures defense-grade chips domestically and is positioned as a natural follow-on to the administration's focus on trusted US chipmaking., Micron TechnologyIt is the only American memory chipmaker and already receives federal support for US manufacturing capacity.11%
- Cash10%