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00 Xenith Capital · Fee-only · Austin, Texas

Built on AI. Decided by a fiduciary.

Xenith researches its three portfolios with an AI system that tracks every position and argues the case against every material proposal. One adviser makes every decision. The machine has no access to your account, by design.

Turn the monolith to read it: drag it, or use the arrows.Swipe the monolith to turn it. Each face holds one part of the firm, and a face you have read keeps its floors lit.

01 BlackGlass · the research system

Not decorated with AI. Built on it.

BlackGlass is the research system Xenith built to pull every position, earnings report and macro signal into one place. AI agents and automated tools work inside it, each with one job.

  1. TracksEarnings dates and consensus for all 50 positions. No estimate moves a decision until the company's own release or filing confirms it.
  2. ArguesEvery material proposal meets the strongest case against it before it can reach a portfolio.
  3. GaugesMarket and macro dials set one firm-wide regime: green, amber or red. A dead or stale feed is flagged, never read as calm.
  4. WatchesEach weekday after the US close, it checks the latest data and reports any change in the regime. It never trades.
  5. DraftsResearch and client letters, drafted by machine, approved and sent by the adviser.

No access to client accounts. The machine cannot trade them or move money; the adviser does, and answers for it.

02 Model portfolios

Three mandates. Fifty positions.

Each portfolio has one written job. Every position is held against it.

VURUL 20 positions

Objective Own the bottleneck nodes of the intelligence buildout: compute, foundry, lithography, memory, networking, power/cooling, AI platforms, operational AI.

Concentrated in AI, semiconductor and infrastructure exposure, with elevated single-theme, valuation and geopolitical risk.

Sovereign Decagon 10 positions · equal weight

Objective Ten atomic control points, equal weight. If one disappears, a critical industrial, financial, healthcare, logistics, or infrastructure function feels the break.

Ten positions; concentration risk is inherent to its design.

Kinetic Shield 20 positions

Objective Preserve capital and compound through shocks: essential demand, durable cash flow, dividend safety, defense, energy resilience, balance-sheet strength.

Seeks resilience, not immunity.

Model portfolios. All three are equity strategies and can lose money, including the defensive one. Ordinarily fully invested; up to 20% may be held in cash when the risk process signals elevated market risk. Client accounts may differ. Weights change only with the adviser's dated approval.

03 Doctrine

Evidence before capital.

A story is not a reason to own something. The process requires independent evidence to converge, and the strongest case against a material proposal to be answered, before capital moves.

  1. MandateWhat must the capital accomplish? Objective, horizon, liquidity, tax and loss capacity come first.
  2. EvidencePrimary sources, cross-checked. The countercase is tested before a proposal advances.
  3. ConstructionSize, concentration and correlation are weighed for the whole portfolio, not one position at a time.
  4. ReviewEach position is re-examined when the evidence behind it changes.

The perimeter is drawn first. Loss capacity, liquidity and concentration set the limits a position is sized within.

04 Fee-only

Paid by clients. Only by clients.

Xenith's only compensation is one asset-based advisory fee, set in your agreement and billed quarterly in arrears through your custodian.

  • No commissions to Xenith. Xenith is not a broker-dealer.
  • No products of its own to sell.
  • No soft-dollar benefits. No paid referrals.
  • No performance fees.

Custodian, trading and fund costs are separate; Form ADV Part 2A, Item 5 sets them out.

Your assets stay with an independent qualified custodian, Altruist or Interactive Brokers, and your statements come straight from it. Xenith is a fiduciary to every client.

05 The adviser

One line of accountability.

Logan Jackson founded Xenith in 2021. He directs the machine, builds every portfolio, makes every decision and answers your call. No committee. No service layer.

Xenith accepts clients selectively, case by case.

Open a channel

inquiry@xenithcap.io

Xenith Capital is the business name of Ray Capital Advisors LLC, an investment adviser registered in Texas and Virginia. Registration does not imply a certain level of skill or training. Xenith transacts business only where it is registered or exempt from registration.

This site is informational only: not an offer, a solicitation, or personalized investment advice. Investing involves risk, including loss of principal.

VURUL, Sovereign Decagon and Kinetic Shield are model portfolios. All are equity strategies that can lose money, and client accounts may differ because of timing, account size, taxes, custodian constraints, client restrictions and cash flows. Nothing on this site presents performance. The lights inside the monolith are illustrations; on the portfolios face there is one light for each model position.

Exchange hours on this site are published regular schedules, not market data; holidays are not reflected. After it loads, the page makes no network requests; it keeps only which faces you have read, whether you have visited before, and your motion setting, on your own device.

Form ADV Part 1 · IAPD record and Part 2 brochure · Credits