40 Asymmetric Ideas for 2026

Introducing the 2026 SCRai - and how you can follow along

I run a concentrated portfolio.

8–15 positions. Long holding periods. Let winners run.

The problem?

I find far more asymmetric ideas than I can fit into my portfolio. Quality businesses with mispriced risk/reward. Companies that tick most of the boxes but haven’t quite earned a spot yet.

These ideas used to sit in a private watchlist. Useful for me. Useless for everyone else.

So I’ve been busy turning it into something subscribers can actually use.

---

The SCRai: Schwar Capital Research Asymmetry Index

40 stocks. Fixed basket. Quarterly rebalancing. Full transparency.

Starting 1 January 2026, the SCRai becomes a proper index - tracked systematically against the market with a clean baseline.

These aren’t random screens. Each company has been analysed for:

• Quality of business (ROIC, margins, moat)

• Management alignment (insider ownership, capital allocation)

• Valuation disconnect (why the market might be wrong)

• Asymmetry (limited downside, meaningful upside)

Every position will be tracked - transparently, systematically, from a clean starting point.

---

Early Days, Early Results

It’s only January, so take this with appropriate scepticism.

But the SCRai is up 2.81% year-to-date versus the broader market’s 0.91%.

I’m not celebrating yet. A week means nothing.

But the early signal is encouraging and now you can track it alongside me - properly.

---

How It Works

• Fixed 40-stock basket: The index holds exactly 40 positions at all times.

• Quarterly rebalancing; Every quarter I’ll review the full list - adding new ideas, removing companies where the thesis has broken or valuation has caught up. Always back to 40.

• Bi-monthly updates: Twice a month I’ll post updates covering the best and worst performers, my current thinking on individual positions, what I’m considering adding, and what might get cut. You’ll see the thesis evolve in real time.

• Full performance tracking: Every stock tracked from 1 January 2026. Clean baseline. No cherry-picking. No hiding mistakes.

The full index is live below.

---

---

Free vs Paid: What You Get

Free subscribers get full access to:

• The complete SCRai list (all 40 names)

• Quarterly rebalancing updates

• Additions and removals as they happen

Paid subscribers get:

• Bi-monthly update posts with my commentary on positions

• Deep-dive writeups on my highest-conviction ideas from the list

• The ability to comment and request which companies they want to see analysed

• Input on suggesting new additions to the index

• Priority coverage - the most-requested ideas and my personal favourites get featured first

This is a two-way conversation. You tell me what interests you. I write about the ideas that matter most.

If you’re a paid subscriber, start thinking about which names you want to see first.

Drop them in the comments or reply to this post.

I hope you like this new idea and will find it useful.

Thanks for reading,

Dom
Schwar Capital

---

---

Disclaimer: The content provided in this newsletter is for informational purposes only and does not constitute financial, investment, or other professional advice. The opinions expressed here are those of the author and do not necessarily reflect the views of Schwar Capital. Investing involves risk, including the possible loss of principal. Past performance is not indicative of future results. The author may or may not hold positions in the stocks or other financial instruments mentioned. Always do your own research or consult with a qualified financial advisor before making any investment decisions. To read our full disclaimer, click here.