MoatLedger Wonderful companies at fair prices. A ledger, kept patiently.

The Portfolio

Real money runs on this ledger. We disclose percentages, entry prices, and dates. We never disclose amounts. Right now the allocation is one row long: cash, 100%. The thermometer says wait, and the desk is actually waiting.

As of Sep 2, 2026 · page generated Sep 2, 2026, 15:13 UTC

Current allocation

Holding Weight Avg cost First bought Note
Cash (money market fund) 100.0% Waiting is a position.

No equity positions yet. When the first one is bought, its weight, average cost, and purchase date appear here — the same day the ledger learns of it.

Stance history

Disclosure begins. Portfolio is 100% cash (money market fund), consistent with the thermometer's 'wait' reading.

This history is append-only: entries record what the desk did and when, and are not edited afterward.

What this disclosure is, and is not