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Chad Larson — research hub

MLDD Wealth / Canaccord Genuity — manager of a #1-ranked tactical balanced fund; running synthesis of his video/podcast appearances, with per-transcript breakdowns and a stock index.
Sections: stock index · overall thesis · transcripts. Last updated 2026-JUN-16.

Stock & name index

▲ Positive

TickerNameCurrent thesisResearchSeen inTotal $k
ATHAthabasca OilLong-reserve-life energy 'halo' name — reserve-life index ~90, yet the sector prices it at 6–7× cash flow; '90 years' worth of action' for a low multiple.QT · SA · STK · FA2026-JUN-163.0
AUXXGold X2 Mining (Moss Gold, Ontario)Pro pick #1: district-scale Ontario gold (Moss project) backed by Brian Paes-Braga / SAF Group / Michael Hess with AngloGold Ashanti a 9.9% strategic holder — owns it, speculative takeout candidate; US-uplist + TSX-mainboard guided 2026.QT · SA · STK2026-JUN-16
CNQCanadian Natural Resources'You never bet against Murray Edwards' — long-life, low-decline assets and an elite operator compounding barrels in the ground; the forget-about-it core energy holding.QT · SA · STK · FA2026-JUN-1627
COPXGlobal X Copper Miners ETF'All in on copper' (the metal you can't print or substitute) — owns the miners ETF as the 'own the whole trade' safe leg, insulated from single-mine / jurisdiction risk.QT · SA · STK2026-JUN-1620
HURAGlobal X Uranium Index ETF (Canada)Owns the Canadian uranium ETF as his sector play / broad exposure within the AI-infrastructure theme.QT · SA · FA2026-JUN-16
KCPKing Copper Discovery (Peru)The high-leverage copper 'lottery ticket' — a ~$280M Peru small-cap, 'all air' today but 'if it works it's going to work big'; a small allocation paid for with realized gains.QT · SA · STK2026-JUN-16
LITGlobal X Lithium & Battery Tech ETFThe broad lithium / battery-tech ETF — the safe leg to pair with the speculative single name (Surge Battery Metals) as the lottery ticket.QT · SA · STK2026-JUN-16
MDAMDA Space'Infrastructure in orbit' — a Canadian hard-asset space story hiding in plain sight with a big backlog; likes it but does not own it.QT · SA · STK · FA2026-JUN-16
NANational Bank of Canada'The hedge fund of banks' and his favorite by far — once the smallest of the large with a too-Canadian knock, now prized for at-home execution under Laurent Ferreira; only the 16× forward price is the objection.QT · SA · STK · FA2026-JUN-16
NILISurge Battery Metals (→ Lithium X2)Pro pick #3 (most speculative): a 'Brian special' — Paes-Braga + Michael Hess $35–36M financing fully funds the high-grade Nevada North US lithium project to a construction decision, with a planned rename to Lithium X2 + NASDAQ uplist.QT · SA · STK2026-JUN-16
TCWTrican Well ServicePro pick #2: Canada's market-leading pressure pumper — an OFS proxy on the energy bull and a direct LNG-Canada derivative that becomes 'the price maker not the price taker' as completion demand ramps.QT · SA · STK · FA2026-JUN-16

► Neutral / referenced

TickerNameCurrent thesisResearchSeen inTotal $k
AnthropicAnthropic (private)Named with OpenAI as the next IPOs needing 'dollars found elsewhere' — part of the equity-supply wall the melt-up must absorb.2026-JUN-16
AUAngloGold AshantiCited as the validation behind Gold X2: the $47B major took a 9.9% strategic stake — 'they don't write checks for any kind of reason.' Context, not a pick.QT · SA · STK · FA2026-JUN-160.3
CCJCamecoOwns Cameco for the Westinghouse optionality, but 'yes, it's expensive' — valuation on book multiples 'is getting crazy.'QT · SA · STK · FA2026-JUN-1692
Lithium XLithium X Energy (private, former)Brian Paes-Braga's former company (he was CEO, monetized it) — context for the 'Brian special' track record: 'when Brian gets involved, magic has tended to happen.'2026-JUN-16
LMTLockheed MartinOwns it + defense ETFs; structurally rising spend and 10–20-yr backlogs survive a 60-day peace, 'but at what price' — rotational/fast money is leaving, so cautious.QT · SA · STK · FA2026-JUN-161.6
NXENexGen EnergyRook One could be ~20% of global uranium supply (an irreplaceable halo asset), but 'tough' on a pre-revenue market cap.QT · SA · STK · FA2026-JUN-16
OpenAIOpenAI (private)Additional equity that 'needs to be sapped up' — capital has to come from somewhere, a risk the melt-up may bulldoze over until it can't.2026-JUN-16
SOXXiShares Semiconductor ETFSemis are 'the muscle' of the AI trade — owns the index (not picking a winner) but is trimming; warns the 2–4× levered SOXX derivatives are 'weapons of mass destruction.'QT · SA · STK · FA2026-JUN-16
SpaceXSpaceX (private)The IPO that 'didn't break the markets' — a wave of new issuance / liquidity that crushed its public proxies (Stack Capital) as money chose the real thing.2026-JUN-16
STCKStack Capital GroupA SpaceX proxy ($8M stake → ~30% of book) that 'got crushed off NAV' once SpaceX listed and money chose the real thing; interesting to watch, not a buy.QT · SA · STK · FA2026-JUN-16
TRIThomson Reuters'The anti-Adobe' — the incumbent where AI is a tailwind not a threat — yet the market keeps bidding it down; he's not active in the name.QT · SA · STK · FA2026-JUN-160.6

▼ Negative

TickerNameCurrent thesisResearchSeen inTotal $k
ADBEAdobe'The test case of whether AI is a wrecking ball for incumbent software' — the risk has never been more real; not somewhere he wants to be trading.QT · SA · STK · FA2026-JUN-16
CPBCampbell Soup'A classic value trap, the opposite of a halo' — a brand getting 'designed out by weekly injection' (GLP-1); a 7% yield / 10× / debt-loaded lure he's passing on.QT · SA · STK · FA2026-JUN-16

Overall thesis

In one line: not bearish but defensive — largest holding is ~20% cash ("optionality / bullets") in a 60/40 fund running a couple laps ahead of benchmark; an allocator who "picks the lane before the car," he played the AI trade through the physical backbone (power, copper, cooling, energy) rather than the chips, rode gold to a #1 fund last year and trimmed beta into the pullback, and pairs broad sector ETFs with small "lottery-ticket" resource names.

Transcripts

One dated page per appearance — each has its full stock table, talking points, and the saved transcript. Newest first.

DateTitle / analysis pageShowVideoTranscriptActionable insights
2026-JUN-16 Hold Cash — But Load Up On Commodities In the Money w/ Amber Kanwar ▶ YouTube transcript insights

For personal study — not investment advice. Source material © the respective shows.