Daily-rebalanced two-part equity mix: MicroStrategy stock plus three perpetual preferreds (STRD/STRC/STRF) weighted 45/35/20, guided by a 10-day lookback to adjust.

In plain terms: the strategy is a small, two-part portfolio that combines a growth stock with a set of perpetual preferreds. Each trading day, it adjusts positions to match the target setup. One leg is a single growth stock (MSTR). The other leg is a fixed-weight group of three perpetual preferreds (STRD, STRC, STRF) with weights 45%, 35%, and 20% within that leg. A 10-day lookback window is used to inform the rebalancing decisions for the STR leg, though the exact calculation isn’t described. All assets are equities or equity-like: MSTR is a tech stock; STRD/STRC/STRF are perpetual preferreds that pay fixed dividends and behave like a mix of stocks and bonds. The daily rebalancing reduces drift but raises trading costs and turnover. Sector exposure is a blend of technology (via MSTR) and income-oriented financial instruments (via the perpetuals).

Out-of-sample data show the strategy underperforms the S&P 500: negative risk-adjusted returns, larger drawdowns, and higher volatility. It’s a niche diversifier with notable risk, not a core S&P replacement.