# Portfolio Update

_Shifting to "risk off"_

October 10, 2025 • Michael Nadeau

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# Portfolio Update

## Shifting to "risk off"

Michael Nadeau
 October 10, 2025

 TDR Pro Members,

 I’m sharing a quick update as we updated our portfolio last night due to rising market risks.

## TDR Pro

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-  • Macro + onchain data "cycle awareness" updates
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-  • Average entry price for each position
-  • % of the portfolio in each position (including cash)
-  • Weekly update on what we are buying/selling
-  • Clear thesis & supporting analysis for any portfolio changes
