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Vaapad Capital
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USAR

Materials

USA RARE EARTH INC

LIVE· as of just now

Current positionSubscribers

Live position details are for subscribers

USAR's current weight, average entry and live P&L are reserved for subscribers — front-run protection for the founder's open book. The full public thesis, conviction history, closed-trade record and field notes stay open below.

Contribution to the bookSubscribers

USAR's contribution to the book is subscriber-only — front-run protection for the founder's open positions.

Sector & theme positioning

Materials2 held names in this theme
Exact sector weights are subscriber-only.
Held peers in Materials
NAMM

Why it moved today

USAR fell -4.15% versus its prior close (last 19.15 vs prior close 19.98) (as of 2026-07-02 20:43 UTC). The market was post at the time of this quote. This is a descriptive record of the move — not a forecast or a recommendation.

Rewards

  • USAR gives the book Materials exposure — see how that sits in the overall sector mix.Sector allocation

Risks

  • The position currently shows an unrealized loss of -17.18% versus cost — surfaced honestly, not hidden.
  • USAR is a single, concentrated position in one founder's personal book — single-name risk, not a diversified fund.Full risk disclaimer
  • Past performance is not a reliable indicator of future results. Everything on this page is retrospective disclosure, not investment advice.Full disclaimer

Position scorecard

Track recordConvictionMomentumValueQuality
43avg / 100 · partial
  • Track record— No fully round-tripped calls on this name yet.n/a
  • Conviction— Based on 7 recorded events, currently held.65
  • Momentum— Live unrealized -17.2% vs. cost.33
  • Value— From 4 valuation multiples (lower = cheaper).26
  • Quality— From 3 profitability / balance-sheet metrics.48

A retrospective, descriptive summary derived from the facts on this page — the founder's own closed calls, recorded conviction, live position P&L and public third-party fundamentals. It is not a rating, price target, or buy/sell signal. Axes marked “n/a” lack sufficient inputs and are shown honestly rather than guessed. Past performance is not a reliable indicator of future results.

Fundamentals

Valuation multiples

Market cap
$4.69B
Enterprise value
$2.72B
P / E (TTM)Price to trailing earnings
—
P / E (fwd)Price to forward earnings
574.56x
P / BPrice to book value
5.76x
P / S (TTM)Price to trailing sales
638.23x
EV / EBITDA
-37.63x
Dividend yield
—

Key financials

Revenue (TTM)
$7.34M
Revenue growthYear-over-year
—
Earnings growthYear-over-year
—
Profit margin
0.0%
Return on equity
-44.8%
Debt / equity
0.07x
Free cash flow
-$100.62M
Beta (5y)Volatility vs. market
2.36

Ownership & float

Shares outstanding
244.66M
Public float
191.45M
Institutional held
50.5%
Insider held
16.1%

Third-party market data (Yahoo Finance), for information only — retrospective and descriptive, not investment advice. Values may lag the latest filing. Fetched 02. Juli 26. Any metric the provider did not report is shown as “—” rather than estimated.

The thesis

No public thesis published for USAR yet.

The public thesis is drawn from the founder's published field notes. When a public note tagging USAR goes live, its thesis anchors this section. Subscriber-only notes are listed below as locked teasers — their content is never surfaced here.

Conviction history

  1. Trimming22. Juni 26

    Trimmed position

    100 @ 24.61 USD

  2. Trimming22. Juni 26

    Trimmed position

    100 @ 24.61 USD

  3. Adding15. Juni 26

    Added to position

    100 @ 23.225 USD

  4. Adding15. Juni 26

    Added to position

    200 @ 23.225 USD

  5. Adding15. Juni 26

    Added to position

    700 @ 23.225 UNKNOWN

  6. Building15. Juni 26

    Entered — building position

    100 @ 23.22 UNKNOWN

  7. Adding15. Juni 26

    Added to position

    900 @ 23.228 USD

Position historySubscribers

The fill-by-fill build of this open position is subscriber-only. Completed round-trips stay public on the Call Ledger below.

USAR on the Call Ledger

No fully round-tripped calls on USAR yet.

Only completed round-trips reach the public Call Ledger (front-run protection). If USAR is still open, its performance stays with the live position above until it closes.

Field notes mentioning USAR

No field notes mention USAR yet. Browse all field notes →

This page is a retrospective, descriptive disclosure of a single position in the founder's personal trading account — reconciled against IBKR Flex. Not investment advice and not a solicitation to buy or sell any security. Weight, entry and P&L are stamped with the data-freshness state; live figures may lag. Past performance is not a reliable indicator of future results.Diese Seite ist eine rückblickende Darstellung einer einzelnen Position im persönlichen Handelskonto des Gründers, abgeglichen mit IBKR Flex — keine Anlageberatung. Frühere Wertentwicklung ist kein verlässlicher Indikator für künftige Ergebnisse.Full disclaimer