Lorenzo2cents H1 2026 Portfolio Performance

On Track to Deliver

Jul 4 • Lorenzo Bastianelli

2

June 2026

MercadoLibre: The Market Is Missing the Jevons Paradox

$MELI Q1 2026 ER Update

Jun 20 • Lorenzo Bastianelli

2

RocketLab: is future growth already priced in?

$RKLB Q1 2026 ER Update

Jun 13 • Lorenzo Bastianelli

3

Oddity: Out of Control

$ODD Q1 2026 ER Update

Jun 6 • Lorenzo Bastianelli

4

Hims Is an AI Company - Few Got It

$HIMS Q1 2026 ER Update

Jun 1 • Lorenzo Bastianelli

3

May 2026

Nebius: The World’s Biggest Factory Will Produce Tokens

$NBIS Q1 2026 ER Update

May 23 • Lorenzo Bastianelli

3

Duolingo: The Owl Has a Distribution Problem

$DUOL Q1 2026 ER Update

May 12 • Lorenzo Bastianelli

8

4

Lemonade: the Vertical Ontology of Insurance

$LMND Q1 2026 Earnings Update

May 2 • Lorenzo Bastianelli

8

April 2026

$ZETA is the Marketing Vertical Ontology

Walled gardens are taking ad spend. My thesis: Zeta ($ZETA) becomes the “commission” layer that boosts ROAS via identity + orchestration (incl. Meta ID…

Apr 26 • Lorenzo Bastianelli

2

HIMS: I am calling the bottom

$HIMS Q4 2025 ER Update

Apr 5 • Lorenzo Bastianelli

4

March 2026

Duolingo: becoming a vertical AI

$DUOL Q4 2025 ER Update

Mar 29 • Lorenzo Bastianelli

2

Rocket Lab infinite TAM

$RKLB Q4 2025 ER Update

Mar 21 • Lorenzo Bastianelli

3