Josh Tarasoff

Greenlea Lane's ultra-concentrated $340M portfolio made two meaningful additions in Q1 2026 that reveal both tactical and philosophical signals. The initiation of SGOV (11.2% of the portfolio—a short-duration T-bill ETF) is the loudest statement: Tarasoff is parking a meaningful cash-equivalent position, suggesting elevated caution about near-term equity opportunity or macro uncertainty, consistent with the firm's patient, Munger-influenced approach of 'doing nothing' when prices aren't right. The new NFLX position (7.8%) is equally interesting—adding a high-quality subscription compounder alongside existing AMZN (18.9%), GOOGL (8.4%), and BRK/A (13.1%) reinforces the portfolio's franchise-moat theme while adding a streaming-specific bet. The exit of Burford Capital (previously 4.8%) removes the portfolio's only litigation-finance exposure, which may reflect a view that the opportunity has played out. With just 9 positions and TSLA at 5.9%, the book remains extremely high-conviction. Watch whether the SGOV cash pile gets deployed into a new equity position or expanded existing stakes in Q2—that drawdown would be the clearest signal of where Tarasoff sees value.