Epoch 18— equity trims, NBIS carrying the week

Epoch card

Partial timeline: meta.truncated=true on the merged export. Figures may under-count events.

Executive summary

• Vault headline assets rose about $848.87 (+3.98% vs opening NAV). Share price moved +3.98% on the published epoch accounting.
• Oracle sleeve move (perps: Δ unrealised P&L; spot: notional; cash excluded): NBIS +$217 vs RKLB −$32.
• Net flows: we could not read a clean deposits-minus-withdrawals total from this export. Use the appendix links if you need to trace cash in and out.
• Liquidity / wallets: routine multisig → Hyperliquid buffer cadence; merged ledger shows no extra wallet hop worth calling out beyond the standard rails (see appendix).

Performance

Over 2026-08-10 → 2026-08-17, net share price printed low 0.991450 and high 1.047511. The largest drawdown from a running intra-week high landed at 1.32%. That is the clearest stress point on the path. Volatility showed up in the band: low to high spanned ~5.59% versus week-open net PPS. Net PPS closed well above week open (≈ +4.24%), headline bullish drift on this measure. Open Performance in the app for the same net PPS basis with full zoom.

What drove the week

From week-open to week-end oracle snaps (cash sleeves excluded; perps: Δ unrealised P&L; spot: notional), sleeve-level marks moved most in favour of NBIS +$217 and most against RKLB −$32. Other listed names on the same basis moved: SNDK +$187, DRAM +$159, CRWV +$32, PLTR −$19, and USAR +$12.

Allocation by asset class & gross exposure

The clearest sleeve moves vs week open are Cash +1.1 pp and Equities −1.1 pp. Gross exposure (deployed notional / NAV) moved from 49.2% to 48.1% of NAV. (+2.3 pp on gross exposure vs prior week-end). Same asset-class bands as Allocations (History tab); figures are % of vault NAV.

Listed clips: Hyperliquid

Time (UTC)	Instrument	Side	Size	Price	Fee	Realised close P&L
2026-08-10 22:39:28	PLTR	Close Long	0.5620	172.4800	USDC 0.0084	22.6542
2026-08-12 14:43:04	CRWV	Close Long	0.7000	106.2500	USDC 0.0064	0.8651
2026-08-12 14:46:32	NBIS	Close Long	0.4200	233.7300	USDC 0.0088	18.4698
2026-08-13 14:06:18	NBIS	Close Long	0.1800	268.7500	USDC 0.0044	14.2192
2026-08-13 14:06:59	RKLB	Close Long	0.8200	83.2120	USDC 0.0061	7.5100
2026-08-14 12:17:46	SNDK	Close Long	0.0610	1623.6000	USDC 0.0089	16.2760
2026-08-14 12:18:08	DRAM	Close Long	1.2000	58.0220	USDC 0.0063	5.3185
2026-08-14 12:19:16	USAR	Close Long	2.9200	18.8010	USDC 0.0049	4.7427

Realised P&L on closes (what Hyperliquid books when a position is closed):

• NBIS +$33, about +22.31% vs the dollar size of that trade (size × price) (2 closes)
• PLTR +$23, about +23.37% vs the dollar size of that trade (size × price)
• SNDK +$16, about +16.43% vs the dollar size of that trade (size × price)
• RKLB +$8, about +11.01% vs the dollar size of that trade (size × price)
• DRAM +$5, about +7.64% vs the dollar size of that trade (size × price)
• USAR +$5, about +8.64% vs the dollar size of that trade (size × price)
• CRWV +$1, about +1.16% vs the dollar size of that trade (size × price)

Total from these closes: about +$90, or about +0.42% of the vault’s opening NAV for the week. Trading fees on those fills are not subtracted here.

GET https://api.volta90.trade/transactions/VLT90/epoch/18/timeline?full=true
GET https://api.volta90.trade/oracle/VLT90/epochs
GET https://api.volta90.trade/oracle/VLT90/snapshots?sort=asc&limit=1000&from=[epoch-open]&to=[epoch-close]
POST GraphQL PeriodSummary (vault week anchor; indexer endpoint in volta ops docs)