An open UK small-cap investment journal
Small Caps.
Big Bags.
I started Small Caps. Big Bags. to take my investing more seriously — and to keep myself honest. Each month I publish the portfolio, explain what I bought and sold, and write about what worked, what didn’t and what I’m learning along the way.
Portfolio updated monthly
Latest snapshot: 26 June 2026
Portfolio. Writing. Charts.
The portfolio is the public record. The writing explains the thinking. Technical X-Ray shows what I see in the chart.
My portfolio
Current holdings, position sizes, performance and the comparison with the FTSE All-Share. Updated monthly.
Latest thoughts & insights
Company research, portfolio updates and notes on what I am thinking about — published on Substack.
Technical X-Ray
See the health of any chart using the same technical framework I use in my own process.
How it’s going.
Since 13 May 2025. Performance is measured using cumulative time-weighted returns against the FTSE All-Share Total Return Index.
Past performance is not a reliable indicator of future results. These results relate to one concentrated personal portfolio over a short period and are not typical.
Read the methodology →What I’m thinking about.
The latest portfolio notes, stock research and process updates from Small Caps. Big Bags.
Portfolio changes & fresh look at Calnex Solutions (AIM:CLX)
Portfolio changes, a new position and a fresh look at Calnex Solutions.
June Portfolio Update
A tougher month, portfolio changes and the thinking behind each decision.
Transense Technologies (LON:TRT)
Notes on the Transense investment case and what I am watching next.
See the health of any chart.
Understand what the chart is really saying. Technical health in seconds.