AMGN, MSFT, NVDA, TSLA, LLY, JPM, JNJ, BRK.B, PEP, AVGO, LIN, XOM, VZ, CRM, SPGI, COST, UPS, BA, ABBV, MRK, VLO, CDNS, CVX, TXN, TMO, DHR, DE, MCD, AXP, PANW

1. Combined signal score > 0.60 (Graham value composite)
2. P/E ratio below sector median by at least 20%
3. Current ratio > 1.5 and positive EPS trend

1. Trailing stop-loss: sell if price drops 15% from trailing high
2. Signal score drops below 0.35 (thesis invalidation)
3. Position reaches profit target of 30% gain (take partial profits)

Base allocation: 13% of portfolio per position,Scale-up condition: conviction > 0.8 → allocate up to 13%,Max concurrent positions: 7,Max single-position concentration: 15%

- Max portfolio drawdown before going to cash: 15%
- Max concurrent positions: 7
- Max single-position concentration: 15%

- (To be updated by evolution engine after first week of trading)

- Initialized: 2026-03-11