Tracking the NAPS Portfolio: The Themes Driving the 12% Return Year to Date
A mid-year review of the NAPS model portfolio. Ed Croft walks through the market themes behind a 12% return so far in 2026.
Every year since 2014, Stockopedia founder and CEO Ed Croft has applied the same highly focused set of rules to build the NAPS, a model portfolio based on what really works in the stock market.
The first six months of 2026 have brought a major geopolitical crisis and a so-called "SaaS-pocalypse", as investors weighed what AI means for the world's software companies. And yet, through all of that, the NAPS is up around 12% year to date, and more than 400% since inception*. In this live session, Ed reviews the year so far: the shares that are working, the ones that are not, and the market themes quietly driving the return.
What you will discover in this session
The themes quietly driving the NAPS this year A few market themes have done most of the heavy lifting in 2026. Ed reveals which ones, why they matter now and whether they will continue.
What actually drove the return, and what was just noise Walk through the shares and sectors behind this year’s results, and a look in detail at the strongest performers.
How clear rules take the emotion out of the hardest moments See why the investors who hold their nerve are usually the ones rewarded.
How the NAPS identifies shares with a higher probability of outperformance See how the rules filter the market for shares that share the traits of historic winners, before the crowd notices them.
How the portfolio is built to stay robust through time Learn how the NAPS is constructed to ensure returns are consistently harvested through different market regimes
Plus, a live Q&A with Ed. Bring your questions on the NAPS, the themes or the markets, and ask them on the night.
*Data accurate as of 8th June 2026. Past performance is not a guide to future returns.
