Jeff DeMaso

569 posts

IVA Research

SpaceX in the Haystack

MAILBAG | Which Vanguard funds own SpaceX, how much, and why nearly all of it landed in index funds that weren't even trying.

| 8 min read
Weekly Brief

WEEKLY BRIEF | Climbing Markets, Falling Fees

Real GDP grows 2.1%, stocks hit their 27th record high | Vanguard kills its last loads

| 4 min read
IVA Research

Why PRIMECAP Looks Like a Momentum Fund (But Isn't)

How one stock PRIMECAP bought in 1998 turned into the fund's biggest position—and its biggest headache.

| 10 min read
Monthly Recap

IVA MONTHLY RECAP | Too Close to the Sun

AUGUST 2026 | The year’s hottest trades got their wings clipped in July. Plus, Malvern updates, IVA Portfolio notes, the IVA Factor Tracker and a roundup of articles and analysis from the past month.

| 13 min read
Weekly Brief

Not Fully Fixed

Tech takes a breather | Vanguard’s new Chairman | RMD emails miss the mark | WVB funds launch (but not for most of us)

| 5 min read
IVA Research

Nearly Back in the Black—But That's Not the Point

Total Bond Market Index is closing in on a full recovery. But its comeback matters less than what its yield is telling you about the decade ahead.

| 6 min read