Alternative Investing Report - February 20, 2026

*as of 2/19; Sources: S&P, BTC, FTSE, DJRE, 30YM

Alphabet (Nasdaq: GOOG)
Current share price: $303.56 (market cap: $3.68 trillion)

• Google had a huge 2025, which came from the strength of their research and foundational work

• They have a massive advantage when it comes to how they can distribute their AI model

• If SpaceX were public, that would be the pick, but Google does have a roughly 7.5% stake in SpaceX

Here’s a list of our past expert investing picks.

Anna Joo Fee is the Founder & CEO of Goodfin, a venture-backed startup harnessing the power of AI to modernize private wealth management. A second-time fintech founder, Anna holds deep conviction that AI will unlock sophisticated financial services on a global scale. Anna began her professional career as a lawyer at Sullivan & Cromwell LLP before co-founding her first startup, a trading platform for private equity fund investors. She is a graduate of Harvard College & Harvard Law School.

In the newest episode of Smart Humans, Slava Rubin and Sacra's Jan-Erik Asplund discussed Databricks, Groq, Anduril, Anthropic, and Canva, five of the hottest pre-IPO companies in the asset class - and how investors can get access.

🚀 Robinhood’s Pre-IPO fund: The trading platform is launching Robinhood Ventures Fund I, a closed-end fund that will hold shares in a number of prominent Pre-IPO startups such as Databricks, Ramp, and Mercor. It will trade as RVI on Nasdaq, charge a 2% annual management fee, and be open to all investors. Expect the fund to trade initially above its net asset value (NAV) due to pent-up demand for these types of assets from retail investors.

📉 Mortgage rates drop: Thanks to good inflation and jobs reports, the 10-year Treasury yield fell, causing mortgage rates to hit their lowest point since September 2022. The Freddie Mac 30-year fixed mortgage rate is now 6.01%, down from 6.87% this time last year, and extremely close to getting into the 5s, which is a psychological barrier for many buyers.

🪙 Trump’s crypto meetup: The Trump family’s crypto platform World Liberty Financial held a private conference at Mar-a-Lago with high-level executives and government officials in attendance, another sign of crypto going corporate.

🏢 House passes real estate bill: In a bipartisan 390-9 vote, the U.S. House of Representatives passed the Housing for the 21st century Act, which among other things, will increase loan limits for small multifamily properties, potentially a big win for individual investors who will be able to afford more lucrative buildings. The bill now heads to the Senate and will also have to be signed by President Trump to become law.

💵 Veritas fundraise: The private equity giant closed a $15.3 billion fundraise for its ninth flagship fund, a 40% increase over its last fund. This fund will be mostly investing in aerospace, defense, and national security deals.

🏡 Home price forecast: Zillow now projects home prices to rise 0.9% by the end of 2026, with existing home sales projected to jump by 3.9%.

Monday: 📊 CPI inflation report, 🤖 Anthropic’s $30B raise
Tuesday: 🐉 Pokémon record, 🪙 Crypto trading on X
Wednesday: 🚀 Fusion power startups, 🏡 Homebuilder confidence index falls
Thursday: 🏡 Housing construction slows, 💵 Blackstone buys HVAC provider

Have a great weekend!