The Samwise Portfolio

Frey Portfolio

The Frey Portfolio, like all other Samwise Portfolios, is published for illustrative purposes only. The Portfolio was lunched on January 1, 2025 in all cash with $100,000.00 AUM. The Frey Portfolio serves as a model or example of how to execute the Samwise Strategy generally, and the Frey Portfolio Strategy more specifically. It is a common-stock based portfolio which makes it inherently less risky than the average Samwise Portfolio. But still substantially more risky than the typical portfolio given the high concentration in tech stocks. Please read Chapter 4.7 on Diversification to learn why over concentration in one sector is considered a high risk investment. The Frey Portfolio is well diversified to handle company risk, but is still subject to high sector risk. The Stark Portfolio, launched together with the Frey Portfolio, and is the more aggressive, option-based version of the Frey. Stark is designed to serve as a model for higher-leverage strategies, making it a potentially better fit for investors seeking a greater understanding of inherent leverage when compared to the Frey Portfolio. The Frey Portfolio is at the lower end of risk spectrum as the Samwise Model Portfolios are concerned.

overview

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Ticker	Position	Average Price	Current Price	Qty	Cost Basis	Market Value	P/L
NVDA	LONG	$122.74	$216.95	100	$12,274.00	$21,695.00	$9,421.00 (+76.76%)
QQQ	LONG	$650.48	$719.13	123	$80,009.00	$88,453.00	$8,443.99 (+10.55%)
MSFT	LONG	$372.50	$531.71	32	$11,920.00	$17,014.60	$5,094.56 (+42.74%)
QQQ June 2027 $550 Puts	LONG	$27.60	$9.28	1	$2,760.00	$928.00	-$1,832.00 (-66.38%)
NVDA June 2027 $150 Puts	LONG	$12.75	$4.13	1	$1,275.00	$413.00	-$862.00 (-67.61%)
CASH	–	–	–	–	-$7,238.00	$15,471.00	$22,709.00 (+313.75%)
Totals:	–	–	–	–	$101,000.00	$143,974.60	$42,974.55 (+42.55%)

⚠ Disclaimer: The Samwise Portfolios are for educational and informational purposes only and does not constitute financial advice. All investments involve risk, and there is no guarantee of profit or protection against loss. Past performance does not indicate future results. Always conduct your own research and consult with a licensed financial professional before making investment decisions.

Frey Portfolio Orders

Frey Trades

1. Buy Nvidia Inc., (NVDA) at $131.00 x 100 Shares at 9:51 AM EST on January 13, 2025.
2. Buy NASDAQ-100 (QQQ) at $501.30 x 55 Shares at 9:52 AM EST on January 13, 2025.
3. Buy Apple Inc. (AAPL) at $220.63 x 70 Shares at 10:52 AM EST on January 21, 2025.
4. Buy Nvidia (NVDA) at $120.00 x 50 Shares at 11:49 AM EST on January 27, 2025.
5. Buy to Open NASDAQ-100 (QQQ) January 16, 2026 $450.00 Puts at $13.25 x 2 Contracts at 12:58 PM EST on February 6, 2025.
6. Buy Long NASDAQ-100 (QQQ) @ $479.50 x 55 shares made at 10:09 AM EST on March 10, 2025
7. Buy Long Nvidia (NVDA) @ $109.00 x 50 Shares made at 10:09 AM EST on March 10, 2025
8. Buy Long QQQ @ $425.00 x 47 Shares made at 1:47 PM EST on April 7, 2025
9. Sell to Close QQQ @ $483.30 x 47 Shares (block 2) made at 12:51 PM EST on May 1, 2025
10. Buy to Open Nvidia (NVDA) September 19, 2025 $140 Puts @ $11.50 x 1 Contracts made at 11:57 AM EST on June 3, 2025
11. Buy to open Nvidia (NVDA) June 2026 $120 Puts @ $11.70 x 2 Contracts made at 3:26 PM EST on June 18, 2025
12. Sell to Open Nvidia (NVDA) Sep 19, 2025 $170 calls @ $9.20 x 2 Contracts made at 2:58 PM EST on July 9, 2025
13. Buy to Open Nvidia (NVDA) June 18, 2026 $130 Puts @ $10.10 x 1 Contracts made at 2:59 PM EST on July 9, 2025
14. Sell to Open NASDAQ-100 (QQQ) Sep 19, 2025 $560 Calls @ $18.20 x 1 Contracts made at 3:06 PM EST on July 9, 2025
15. Buy to Open NASDAQ-100 (QQQ) June 18, 2026 $500 Puts @ $20.35 x 1 Contracts made at 3:12 PM EST on July 9, 2025
16. Sell to Close Apple (AAPL) at $230.80 x 70 Shares made at 2:15 PM EST on August 8, 2025
17. Buy to Close Nvidia (NVDA) Sep 19, 2025 $170 Calls @ $2.46 x 2 Contracts made at 12:02 PM EST on September 17, 2025
18. Sell to Close NVDA @ $176.30 x 100 Shares made at 2:04 PM EST on September 18, 2025
19. Sell to Open NVDA Oct 17, 2025 $170 Calls @ $11.10 x 1 Contract. made at 2:05 PM EST on September 18, 2025
20. Buy to Close QQQ Sep 19, 2025 $560 Calls @ $36.47 x 1 contract made at 2:05 PM EST on September 18, 2025
21. Sell to Close QQQ @ $596.10 x 110 Shares made at 2:05 PM EST on September 18, 2025
22. Buy to Close NVDA Oct 17, 2025 $170 Calls @ $13.90 x 1 Contract made at 3:35 PM EST on October 17, 2025
23. Sell to Open Nvidia November 21, 2025 $170 Calls @ $20.00 x 1 contract made at 3:35 PM EST on October 17, 2025
24. Buy to Close Nvidia (NVDA) November 21, 2025 $170 Calls @ $12.50 x 1 Contracts made at 3:30 PM EST on November 20, 2025
25. Buy to Open QQQ @ $585.50 x 63 Shares made at 3:58 PM EST on November 20, 2025
26. Sell to Close Jan 2026 $450 Puts @ $0.00 x 1 Contract [Expired Hedge; date not specified in global history]
27. Buy MSFT @ $372.50 x 32 Shares made at 1:48 PM EST on March 24, 2026
28. Sell to Close Jan 2026 $450 Puts @ $0.00 x 1 Contract
29. Buy QQQ @ $576.00 x 60 Shares made at 2:08 PM EST on March 26, 2026
30. Sell to Close NVDA June 2026 $120 Puts @ $0.32 x 2 Contracts made at 2:40 PM EST on April 15, 2026
31. Sell to Close NVDA June 2026 $130 Puts @ $0.51 x 1 Contract made at 2:40 PM EST on April 15, 2026
32. Sell to Close QQQ June 2026 $500 Puts @ $1.59 x 1 Contract made at 2:40 PM EST on April 15, 2026
33. Buy to Open QQQ June 2027 $550 Puts @ $27.60 x 1 Contract made at 2:40 PM EST on April 15, 2026
34. Buy to Open NVDA June 2027 $150 Puts @ $12.75 x 1 Contract made at 2:40 PM EST on April 15, 2026
35. Sell to Open QQQ June 18, 2026 $660 Calls @ $10.95 x 1 Contract made at 2:40 PM EST on April 15, 2026
36. Sell to Open NVDA July 18, 2026 $220 Calls @ $7.10 x 1 Contract made at 2:40 PM EST on April 15, 2026
37. Sell to Close QQQ x 100 Shares @ $660.00 [Shares Delivered Per Option Agreement]
38. Buy to Close QQQ June 18, 2026 $660 Calls @ $0.00 x 1 Contract [Option Exercised]
39. Buy QQQ @ $666.50 x 100 Shares made at 12:31 PM EST on July 29, 2026
40. Buy to Close NVDA July 17, 2026 $220 Calls @ $0.00 x 1 Contract [Option Expired Worthless].
41. Sell to Close NVDA Sep. 19, 2025 $140 Puts @ $0.00 x 1 Contracts. [Option Expired Worthless].

Frey Portfolio Completed Trades

Frey Portfolio Completed Trades

Trade 1: QQQ Shares (January 13 – September 18, 2025)
Buy QQQ @ $501.30 x 55 Shares
Buy QQQ @ $479.50 x 55 Shares
Sell QQQ @ $596.10 x 110 Shares
Profit/Loss: +$11,627.00 (+21.52%)

Trade 2: QQQ Shares — Block 2 (April 7 – May 1, 2025)
Buy QQQ @ $425.00 x 47 Shares
Sell QQQ @ $483.30 x 47 Shares
Profit/Loss: +$2,740.10 (+13.72%)

Trade 3: AAPL Shares (January 21 – August 8, 2025)
Buy AAPL @ $220.63 x 70 Shares
Sell AAPL @ $230.80 x 70 Shares
Profit/Loss: +$711.90 (+4.61%)

Trade 4: QQQ January 2026 $450 Puts (February 6, 2025 – January 2026)
Buy to Open QQQ Jan 16, 2026 $450 Puts @ $13.25 x 2 Contracts
Sell to Close QQQ Jan 16, 2026 $450 Puts @ $0.00 x 2 Contracts (Expired)
Profit/Loss: -$2,650.00 (-100.00%)

Trade 5: NVDA September 2025 $140 Puts (June 3 – September 19, 2025)
Buy to Open NVDA Sep 19, 2025 $140 Puts @ $11.50 x 1 Contract
Sell to Close NVDA Sep 19, 2025 $140 Puts @ $0.00 x 1 Contract (Expired)
Profit/Loss: -$1,150.00 (-100.00%)

Trade 6: NVDA June 2026 $120 Puts (June 18, 2025 – April 15, 2026)
Buy to Open NVDA June 2026 $120 Puts @ $11.70 x 2 Contracts
Sell to Close NVDA June 2026 $120 Puts @ $0.32 x 2 Contracts
Profit/Loss: -$2,276.00 (-97.26%)

Trade 7: NVDA June 2026 $130 Puts (July 9, 2025 – April 15, 2026)
Buy to Open NVDA June 2026 $130 Puts @ $10.10 x 1 Contract
Sell to Close NVDA June 2026 $130 Puts @ $0.51 x 1 Contract
Profit/Loss: -$959.00 (-94.95%)

Trade 8: QQQ June 2026 $500 Puts (July 9, 2025 – April 15, 2026)
Buy to Open QQQ June 2026 $500 Puts @ $20.35 x 1 Contract
Sell to Close QQQ June 2026 $500 Puts @ $1.59 x 1 Contract
Profit/Loss: -$1,876.00 (-92.19%)

Trade 9: NVDA September 2025 $170 Covered Calls (July 9 – September 17, 2025)
Sell to Open NVDA Sep 19, 2025 $170 Calls @ $9.20 x 2 Contracts
Buy to Close NVDA Sep 19, 2025 $170 Calls @ $2.46 x 2 Contracts
Profit/Loss: +$1,348.00 (+73.26%)

Trade 10: NVDA October 2025 $170 Covered Calls (September 18 – October 17, 2025)
Sell to Open NVDA Oct 17, 2025 $170 Calls @ $11.10 x 1 Contract
Buy to Close NVDA Oct 17, 2025 $170 Calls @ $13.90 x 1 Contract
Profit/Loss: -$280.00 (-25.23%)

Trade 11: NVDA November 2025 $170 Covered Calls (October 17 – November 20, 2025)
Sell to Open NVDA Nov 21, 2025 $170 Calls @ $20.00 x 1 Contract
Buy to Close NVDA Nov 21, 2025 $170 Calls @ $12.50 x 1 Contract
Profit/Loss: +$750.00 (+37.50%)

Trade 12: QQQ September 2025 $560 Covered Calls (July 9 – September 18, 2025)
Sell to Open QQQ Sep 19, 2025 $560 Calls @ $18.20 x 1 Contract
Buy to Close QQQ Sep 19, 2025 $560 Calls @ $36.47 x 1 Contract
Profit/Loss: -$1,827.00 (-100.38%)

Trade 13: QQQ June 2026 $660 Covered Calls (April 15 – June 18, 2026)
Sell to Open QQQ June 18, 2026 $660 Calls @ $10.95 x 1 Contract
Buy to Close QQQ June 18, 2026 $660 Calls @ $0.00 x 1 Contract (Exercised)
Profit/Loss: +$1,095.00 (+100.00%)

Trade 14: NVDA July 2026 $220 Covered Calls (April 15 – July 17, 2026)
Sell to Open NVDA July 17, 2026 $220 Calls @ $7.10 x 1 Contract
Buy to Close NVDA July 17, 2026 $220 Calls @ $0.00 x 1 Contract (Expired)
Profit/Loss: +$710.00 (+100.00%)

Trade 15: NVDA Shares — Partial Close (January 13 – September 18, 2025)
Buy NVDA @ $122.76 x 100 Shares (Allocated Average Basis)
Sell NVDA @ $176.30 x 100 Shares
Profit/Loss: +$5,354.00 (+43.61%)

Trade 16: QQQ Shares — Partial Close (November 20, 2025 – June 18, 2026)
Buy QQQ @ $580.875 x 100 Shares (Allocated Average Basis)
Sell QQQ @ $660.00 x 100 Shares (Delivered Upon Option Exercise)
Profit/Loss: +$7,912.50 (+13.62%)

Total Realized Profit: +$21,230.50 (+21.02%)

Core Strategy (20-40% Annual Returns)

Frey Portfolio Strategy (20-40% annual returns)

The Frey Portfolio is an ultra-long-term, common-stock strategy aimed at generating significant returns by leveraging the market’s long historical tendency to trend substantially higher over extended periods of time. The foundation of the Frey Portfolio is rooted in the Samwise Strategy and incorporates key concepts from Chapters 1-6 of our Core Investment Principles. It closely adheres to the Four (4) Part Framework, with the ultimate objective of returning 20-40% annually on average.

Corrections & Long-Term Purchases

Here is precisely how the Frey Portfolio strives to produce its 20-40% annual returns. First, as with the other Samwise Portfolios, purchases are made in the Frey Portfolio during major stock market corrections as outlined in the Samwise Four (4) Part Framework, Rule #2 of Samwise Rules of Investing and Chapter 5 of our Core Investment Principles. In fact, the Frey Portfolio is sitting in all cash as of January 1, 2025 and is patiently waiting for the next major market correction to make its initial allocations.

high quality names means high Predictability & consistency

Second, by purchasing high-quality stocks, the Frey Portfolio is able to consistently produce high returns at a reduced risk premium. Stocks such as Apple and Nvidia trade in highly predictable patterns and are particularly attractive because they are easier to forecast—analyst targets are generally met, and we can accurately predict where these stocks will likely be 1 to 2 years out into the future.

Additionally, the core capital of the Frey Portfolio will be invested into the NASDAQ-100 through the QQQ ETF, ensuring strong diversification across the tech sector and providing exposure to a broad range of top-performing companies.

Embrace the Bull, Hedge the Bear (Rule 8)

Third, and most importantly, the key to producing generational wealth is deploying a strategy that remains long at all times while continuously hedging out the risk of a potential bear market that can strike at anytime. The Frey Portfolio is a long only strategy and remains long at all times. Once the portfolio gets long, it stays long. It faces down bear markets with hedging. That is the key to long-term success in the stock market. Hedge the down years, ride the positive years higher.

Risk Management Strategy

risk Management strategy

The Frey Portfolio aims to reduce risk in three significant ways. First, by adhering to the 2-year rule outlined in Chapter 1 of our Core Investment Principles, the Frey Portfolio ensures that it holds positions with long enough durations to weather almost any storm. Second, by selling covered calls and other option premium against our positions, the Frey Portfolio reduces risk through cost-basis reduction. Third, by purchasing 1-year expiring put options during major market rallies, the portfolio directly hedges out the ongoing annual risk of bear markets, crashes and other exogenous events.

Reducing Risk by Selling Covered Calls

By strategically following Part 3 of the Samwise Framework, the Frey Portfolio reduces the cost-basis of each position by selling “premium” and/or “covered calls” against its long positions during market rallies. Doing so also reduces risk by indirectly reducing the capital allocation of various positions.

Using 1-year Puts to Hedge During rallies

As with other Samwise Portfolios, the Frey Portfolio follows Part 2 of the 4-Part Framework and uses intermediate-term rallies as an opportunity to purchase 1-year expiring put hedges to protect the portfolio against crashes, bear markets another exogenous events. The puts are rolled forward during the final quarter of the fiscal year or during periods where the stock markets has sustained major rallies thereby resulting in large build-in profits for the portfolio.

The put hedge is critically important to remaining long the market as indicated by Rule 8’s “Embrace the Bull, Hedge the Bear” investment maxim. Puts ensure the portfolio is protected during periods of market volatility while still benefiting from long-term growth. By rolling our hedges forward, the Frey Portfolio effectively locks in profits while maintaining the ability to participate in future market gains, reinforcing its strategy of always staying long with minimal risk exposure.

Historical Performance

Work in progress.

Frey Portfolio Orders