Destiny Tech100

DXYZ

Market cap $379M

It never ceases to amaze me how many investors confuse investing with straight-up gambling.

Destiny Tech100 offers retail investors access to pre-IPO tech giants like SpaceX and OpenAI through a diversified closed-end fund. DXYZ trades at a massive premium to its NAV and sports a hefty expense ratio. Both factors will make it challenging for this fund to outperform the market. While DXYZ's unique holdings are appealing, that's not enough to overcome the drawbacks.

NEW YORK--(BUSINESS WIRE)--Destiny Tech100 Inc. (NYSE: DXYZ) today announced financial results for the quarter ended September 30, 2025. The fund reported a net asset value (NAV) of $11.37 per share of common stock, up from $6.92 per share at the end of the second quarter of 2025. As of September 30, 2025, Destiny Tech100's investment portfolio had an aggregate fair value of approximately $153.3 million, including short-term investments. The fund maintains positions in a variety of privately-he.

As the artificial intelligence (AI) boom advances, its vast computational power demands are putting the data centers that house the technology on the path of severe, earthbound limitations: skyrocketing energy consumption that strains electric grids, land scarcity in suitable locations, and regulatory hurdles over its environmental and ethical impacts.

U.S. stock futures were mixed this morning, with the Dow futures falling around 0.1% on Monday.

NEW YORK--(BUSINESS WIRE)--Destiny Tech100 Inc. (NYSE: DXYZ) today announced financial results for the quarter ended June 30, 2025. The fund reported a net asset value (NAV) of $6.92 per share of common stock, up from $6.31 per share at the end of the first quarter of 2025. As of June 30, 2025, Destiny Tech100's investment portfolio had an aggregate fair value of approximately $76.8 million, including short-term investments. The fund maintains positions in a variety of privately-held technology.

We closed out the first half of 2025, making it an appropriate time to give the overall CEF space a fresh look for potential opportunities. As the broader equity indexes have been performing quite well, discounts in the CEF space have narrowed overall. The best relative value more broadly is in the municipal bond space and the "hybrid" funds.

NEW YORK--(BUSINESS WIRE)--Destiny Tech100 Inc. (NYSE: DXYZ) today announced financial results for the quarter ended March 31, 2025. The fund reported a net asset value (NAV) of $6.31 per share of common stock, from $6.44 per share at the end of the fourth quarter of 2024. As of March 31, 2025, Destiny Tech100's investment portfolio had an aggregate fair value of approximately $69.6 million, including short-term investments. The fund maintains positions in a variety of privately-held technology.

There's never a dull moment in the Elon Musk Cinematic Universe. Still, the story took an even more dramatic turn last week when the Tesla CEO engaged in a high-profile social media spat with the President of the United States.

10 out of 22 CEF sectors were positive on price and 5 out of 22 sectors were positive on NAV last week. Herzfeld Caribbean Basin Fund is jumping on the CLO bandwagon. CLM/CRF announces a rights offering.