# Q2 Portfolio Review: Winners, Losers & What We're Buying

Page: https://stenobird.com/podcast/the-art-of-investing-7404303/q2-portfolio-review-winners-losers-what-we-re-buying
Text version: https://stenobird.com/podcast/the-art-of-investing-7404303/q2-portfolio-review-winners-losers-what-we-re-buying.md
Podcast: [The Art of Investing](https://stenobird.com/podcast/the-art-of-investing-7404303)
Published: 2026-07-03T13:38:07+00:00
Episode link: https://share.transistor.fm/s/123939c8
Audio file: https://pdrl.fm/7c6e9d/media.transistor.fm/123939c8/0bba92b2.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-art-of-investing-7404303/episodes/q2-portfolio-review-winners-losers-what-we-re-buying
Duration seconds: 3116

## Resource

📊 The Art of Investing Survey – Fill in the form here, we’d love your feedback: https://forms.office.com/e/tCyxzN48Ks 📈 Download the full Portfolio Performance Slides View the portfolio breakdown: here 🏆 Competition: win Jeremy Hunt’s book via Instagram @theartofinvestingpod 📧 Get in touch: theartofinvesting@ig.com 📱 Behind the scenes: @_theartofinvesting (TikTok) | @theartofinvestingpod (Instagram) 🎧 Listen on: Apple , Spotify , YouTube Overview: This week on The Art of Investing, Rich McDonald, Mark “Spice” Holden and Chris “CJ” Fellingham come together in the studio for a full Q2 portfolio review. We’re up +12.6% over the quarter, with returns now sitting at +23.8% since inception and +11.3% year-to-date. We got the war completely wrong. We got the markets completely right. Listen for a break down of everything that worked, everything that didn’t, and the two new trades they’re putting on right now - while asking a much bigger question: are markets becoming too comfortable? With copper and mining stocks continuing to lead performance - with holdings like BlackRock World Mining Trust and the WisdomTree Copper ETF among the standout contributors - the team explore why this theme remains central to the portfolio, how AI and electrification are reshaping demand, and whether investors are underestimating the risks still present in the global economy. Meanwhile, the portfolio continues to deliver strong long-term returns, but with pockets of volatility emerging across emerging markets, crypto-linked assets and commodities - particularly with weakness in areas like India and continued dispersion between global regions. This Week’s Highlights 📈 Portfolio Edges Higher The portfolio rose +0.1%, with returns at +23.8% since inception and +11.3% YTD. ⚒️ Copper & Mining Stil…

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