VCX: The Selloff Did Not Fix A 54% NAV Premium

Summary VCX still trades at a 54% premium to reported NAV, even after its -94% crash. Anthropic, VCX's largest holding, already carries an aggressive private-market valuation and far worse gross margins than past era tech darlings. A slowdown in AI progress or tougher competition could pressure Anthropic's value and VCX's NAV. I recommend selling shares or selling the October 16, 2026 $35 call. peshkov/iStock via Getty Images The Fundrise Innovation Fund ( VCX ) has crashed -94% from its all time high, but it's still extremely overvalued. For shareholders who agree with my valuation concern, my preference is to sell VCX. For investors determined to keep This article was written by Lee Bailey 35 Followers Follow Lee is an emerging expert in the field of algorithmic trading, and the founder of Grizzly Bulls, a leading algorithmic trading service.Prior to founding Grizzly Bulls, Lee co-founded Dragonboat, a highly successful product and portfolio management SaaS. With a strong academic background, Lee holds both a Bachelor's and a Master's degree in computer science with an emphasis on machine learning from Wake Forest University.Lee's fascination with economics and finance began at a young age and has driven his pursuit of a career at the intersection of technology and trading. Through his years of experience as a software engineer and his continuous exploration of algorithmic trading strategies, he has gained invaluable insights into the intricacies of the financial markets. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.