Nightview Fund shifts to high-conviction software and tech stocks amid market volatility and AI fears.

In Q1 2026, Nightview Fund restructured its portfolio by exiting hospitality, gaming, and some international stocks to focus on high-quality, AI-enabled software and technology companies. This shift was driven by broad market selloffs fueled by fears that AI would disrupt software margins, which Nightview views as overblown. They added positions in firms like Axon, ServiceNow, Shopify, and Autodesk, emphasizing businesses with strong competitive moats and recurring revenue. The fund remains bullish on long-term growth, seeing current prices as attractive entry points amid geopolitical and market uncertainties.