TL;DR (Backfill)
February backfill allocation: Technology (XLK) 40% · Healthcare (XLV) 30% · Energy (XLE) 30%. Returned +2.40% with SPY at +2.1%. Marginal alpha +0.3%p.
Note
This is a backfilled debate — recreated retroactively for Track Record completeness. Decisions and weights reflect what we would have published at the time, based on data available then.
Not investment advice. Backfilled entry.