El Torito, LLC · Rio Grande Valley, Texas
Most of them
go to zero.
One doesn't.
A concentrated book of public-equity positions, held for years, chosen with AI in the research loop. Every result posted — the bad ones too.
Cameron County, Texas
The frontier is moving to the Rio Grande Valley.
Within a few miles of El Torito's front door, some of the most ambitious projects in the country are breaking ground at once.
Orbital launch
SpaceX flies from Boca Chica — heavy-lift capacity that turns once-impossible ideas, like data centers in orbit, into engineering problems.
Autonomous defense
Saronic's $3.2B "Port Alpha" shipyard will build AI-guided autonomous vessels at the Port of Brownsville — up to 10,000 jobs over the decade.
Energy
America First Refining, backed by India's Reliance, is building the first major new U.S. refinery in roughly fifty years at the Port of Brownsville.
El Torito backs public companies riding shifts exactly like these — and does it from the place the shift is happening, not from the coasts.
Performance
Posted whether good
or bad.
Every position is held in a single dedicated brokerage account. Results are reported from that one account — no model portfolio, no back-test, no quiet retirement of the losers.
Records are available for independent review on request.
| Period | El Torito | S&P 500 | Difference |
|---|---|---|---|
| Q3 2026 | pending | pending | — |
| Q4 2026 | pending | pending | — |
| Since inception | pending | pending | — |
The mandate
Concentration
Few positions, sized to matter. Diversification is a hedge against not knowing what you own.
Asymmetry
Capped downside, uncapped upside. The losses are small and frequent; the win is large and rare.
Patience
Five to ten year holds. Compounding needs time more than it needs cleverness.
Public companies only. El Torito takes listed positions exclusively — anything private sits outside this vehicle.
Writing
Notes on conviction, robotics, and where the
market misprices time.
Robotics is where software was in 2004
The hardware finally got cheap enough that the interesting problem moved up the stack.
Against the twenty-stock portfolio
If your tenth-best idea is worth owning, you probably don't have a first-best idea.
What forty years in enterprise technology taught me about moats
Every durable one I saw up close was a switching cost nobody had written down.
Contact
El Torito invests its own capital only. It is not open to outside investors and does not manage money for others.
hello@eltorito.ai