Investors With Concentrated Stock Positions Face Heightened Risks From A Potential Rise in Capital Gains Tax Rates

The chart (‘Concentrated Stock Work Down’) represents a real-life example of a Canvas client portfolio. The client started using Canvas with a 45% weight to a single stock (‘Stock X’). Through active tax management (% of position sold each day labeled on the curve) the position was reduced to 14% in eight months with zero net capital gains.