KNA Capital February 2026 Update

Despite a quiet headline index, February featured significant volatility beneath the surface. The Core Equity strategy gained 1.2% net of fees for the month, outperforming the S&P 500's 0.9% decline.

In this commentary, I explore why human connection and trust remain the ultimate "economic moats" in an era of AI disruption. I also detail my recent entries into Disney and Chemed, and explain how I utilized market dispersion to top up the Strategy’s positions in Nintendo and Spotify.

Please review important disclaimers.