The Alpha Project by Amanah Holdings Trust (Amanah Capital)
A Capital-Backed Search for the Sharpest Long/Short Idea in the World
Over the past few months, this community has grown into something rare: 55,000+ readers across 107 countries—hedge fund managers, asset allocators, analysts, founders, and students. Some of you oversee sovereign portfolios. Others are just beginning. But you all share one trait: conviction.
Today, we’re launching something different.
A capital-backed search for insight. One idea. Two quarters. $1 million on the line. And 20 slots available.
The Setup
Our 13F ( Amanah Holdings Trust CIK 0002076121) is a snapshot of how we’re positioning across cycles of capital scarcity, geopolitical realignment, and structural liquidity change
View 13F here: (Click on Infotable.html)
https://www.sec.gov/Archives/edgar/data/2076121/000207612125000001/0002076121-25-000001-index.htm
Or here:
But we don’t believe in dogma.
We want to know:
If you had to sell $1 million of one position we hold, and reallocate that capital to your highest-conviction equity long globally—what would it be?
You submit the pair. We put up the capital.
What We’re Committing
We’ll allocate up to $20 million of proprietary capital to the 20 best long/short pair submissions.
Each trade will be executed with real capital and held for two quarters:
Short $1 million notional in a name from our 13F
Long $1 million notional in your selected global equity (North America, Europe, or Developed Asia)
Trades go live on 1 August 2025 and will close on 31 January 2026. FX exposure on the long leg will be hedged.
We’ll publish a live leaderboard monthly—spotlighting top performers, standout ideas, and where the field stands.
What You Can Win
We’re not giving away T-shirts. We’re giving you real skin in the game.
How to Participate
Submit your trade idea by Wednesday, 31 July 2025 at 23:59 UTC:
https://forms.gle/YEqaivvnHrWxQrCg7
Each submission must include:
1 name from our 13F you would short ($1 million notional)
1 global listed equity you would buy ($1 million notional)
Your rationale in 300 words or less
More details in the form ( https://forms.gle/YEqaivvnHrWxQrCg7)
We’ll select 20 trades based on a structured, professional review framework (see below). Trades go live 1 August 2025 and run until 31 January 2026.
We strongly prefer ideas that:
Have a clear catalyst or timing window
Can be executed at scale (min. $300m market cap, $50k daily volume)
Are not consensus mega-caps like Nvidia, Meta, Apple, Tesla, Amazon, Microsoft, etc.
If your long idea is held by 500 hedge funds and ranks top 10 in the S&P 500—don’t submit it.
What Will Be Rejected Automatically
Trades in micro-caps, illiquid names, or OTC securities
Longs with no clear thesis (“It’s cheap” won’t cut it)
Shorts that just blame “macro headwinds”
Anything involving crypto, FX, or derivatives
AI-generated spam or regurgitated analyst reports
Long legs in consensus names
Who’s Judging
Submissions will be reviewed by:
The Amanah Capital investment team
Guest allocators and former PMs
Quant overlay to ensure liquidity, volatility, and sizing filters
All decisions final. We reserve the right to reject trades that violate regulatory, compliance, or risk policy—even if scored highly.
Why This Matters
We’re doing this because good ideas are rare, and sometimes, the sharpest ones come from unexpected places.
If you’ve got one trade you’d stake your reputation on—we’ll stake our capital next to yours.
Let’s see what this community really knows. Feel free to share this.
—
Karim Al-Mansour
CEO & Founder, Amanah Capital I Amanah Holdings Trust
—
All questions to be directed to
Hadiya Al-Rashid
hadiya@research.amanahcapital.uk