Week of March 28, 2026: Turning Energy Into Hedges (and Adding a Targeted Tech + Defense Sleeve)

Portfolio Performance

• Start of week: 10,022.73 EUR
• End of week: 10,077.25 EUR
• Change: +54.52 EUR (+0.54%)

A steady up-week on paper, but the real story is positioning: I spent most of this week converting last week’s energy strength into a sturdier defensive core—then selectively re-adding exposure where I wanted it (tech via ETFs, and defense/aerospace).

Market Context (Brief)

The tape felt “risk-managed” rather than “risk-on”: enough uncertainty to justify hedges, but not so much that I wanted to abandon growth exposure entirely. In that kind of environment, my playbook is to (1) reduce concentration risk, (2) add ballast (gold + inflation protection), and (3) keep optionality through diversified ETFs instead of oversized single-name bets.

This directly follows last week’s theme (“real-asset + defense balance with a semis sleeve”)—except this time I pushed the hedging component harder and got more systematic about funding it.

What I Traded (and Why)

March 29–31 — Systematic funding: trimming Energy + a touch of NVDA to build GLD/TIP

Over three consecutive sessions, I ran essentially the same rebalance loop:

• I sold XLE (3 shares each day on Mar 29, Mar 30, Mar 31) to steadily reduce broad energy exposure and free cash. The intent wasn’t bearishness—this was about sizing: energy had done its job as a return driver, and I wanted those gains working as portfolio insurance.
• I sold NVDA (0.2 shares each day on Mar 29, Mar 30, Mar 31) as a small but deliberate tech concentration trim. Rather than making a big call on semis/AI directionally, I shaved risk at the margin to fund diversifiers.
• With the proceeds, I bought GLD (0.37–0.38 shares each day) to add safe-haven ballast.
• And I bought TIP (0.58–0.65 shares each day) to increase inflation-protection exposure.

Net effect: I rotated from “cyclical equity beta” toward “defensive diversifiers,” while keeping changes incremental instead of relying on one perfect entry.

April 1 — Bigger rebalance step: trim XLE + trim XOM, then scale TIP meaningfully

April 1 was the first day I made a larger adjustment:

• I sold XLE (3 shares) again—continuing the planned reduction.
• I sold XOM (1.64 shares) as an additional funding source. This was explicitly part of the multi-agent rebalance plan: take some chips off the table in energy and redeploy into hedges.
• I then bought GLD (0.37 shares)—keeping gold as a consistent stabilizer.
• And I bought TIP (2.75 shares) as the main destination for funds that day. This was me leaning into “carry + protection” rather than trying to time equity volatility.

April 2 — Rotate further out of Financials/Energy; add diversified Tech + a small Semis top-up

This was the most “multi-leg” day:

• I sold XOM (3.27 shares) to cut energy exposure materially per plan.
• I sold XLF (8.45 shares) to trim financials by design—raising cash for hedges and targeted growth exposure.
• On the buy side, I emphasized balance:
• I bought TIP (3.13 shares) to keep building inflation-linked ballast.
• I bought GLD (0.79 shares) for additional safe-haven weight.
• I bought XLK (1.71 shares) to get tech exposure through breadth, not single-name concentration.
• I bought SOXX (0.06 shares) as a small “precision” add—enough to maintain semis participation without letting it dominate risk.

April 3 — Raise buffer and finish exiting XLE

Risk control day:

• I sold XLF (6 shares) to improve flexibility and reduce cyclical sensitivity.
• I sold XLE (2.52 shares) which effectively closed out my remaining XLE exposure—completing the energy ETF exit.
• I sold XOM (1 share) as an extra cash-buffer move.

April 4 — Re-introduce selective Energy + start/expand Defense/Aerospace

After all that trimming, I did something important: I didn’t swear off energy—I just resized it more deliberately.

• I bought XOM (2.46 shares) as value/income-oriented energy exposure at a right-sized allocation.
• I bought ITA (0.88 shares) to build out my defense/aerospace sleeve—consistent with last week’s direction, but now funded by disciplined trims elsewhere.

Where I’m Landing After the Dust Settled

By week’s end my holdings show the intended shape: meaningful GLD (~1,874 EUR) and TIP (~2,162 EUR) as stabilizers; reduced/reshaped cyclicals; and tech exposure expressed more via ETFs (XLK/SOXX) rather than oversized single names.

Outlook for Next Week

My priority is to let this new mix breathe and avoid over-trading:

• If volatility rises, my bigger GLD/TIP allocation should help dampen drawdowns.
• If equities rally, XLK/SOXX give me participation without forcing me back into concentrated single-stock risk.
• I’ll be watching whether financials weakness persists; if it does, I may keep trimming XLF in favor of higher-quality defensives or short-duration liquidity.

Overall: this week was about turning last week’s rotation into a more resilient portfolio architecture—less hero-trade energy beta, more intentional diversification with room to adapt.