Defense AI
The Autonomy Premium: Why Software Eats the Battlefield
How recurring software margins are re-rating the next generation of defense primes.
May 2026 · 6 minRead More →
The Larpman Brothers AI Defense Fund invests at the intersection of artificial intelligence, advanced technology, and defense innovation — with theses originated by elite college interns and validated by Grok and Claude.
About the Fund
Larpman Brothers pairs the raw curiosity and pattern-recognition of elite college interns with the analytical rigor of frontier AI. Every position begins as an intern-authored thesis, is pressure-tested by professional mentors, and is independently re-examined by two large language models before capital is ever committed.
The result is a research process that is fast, deep, and unusually transparent — built for a generation of technology and defense companies that are redefining national capability.
Fund the technologies that secure free societies and compound capital responsibly alongside them.
Grok and Claude independently model each thesis, stress scenarios, and flag risk before allocation.
Top undergraduates source and own ideas end-to-end, mentored by seasoned investors.
Our Edge
We don't ask AI for tips. We use it as an adversarial second brain — to challenge every assumption an intern brings to the table.
Each thesis is run through Grok (xAI) for real-time signal and Claude (Anthropic) for structured reasoning. Disagreement triggers deeper review.
Positions are re-underwritten every quarter against fresh fundamentals, geopolitics, and AI-modeled scenarios.
Professional mentors with institutional pedigree gate every allocation. No idea ships unchallenged.
Investors receive the full AI-annotated thesis behind every holding, including the bear case.
Investment Strategy
Capital concentrated where artificial intelligence, advanced technology, and defense innovation overlap.
Foundation models, inference infrastructure, AI silicon, and the application layer reshaping every industry.
Next-generation primes and disruptors building autonomous systems, sensing, and resilient hardware.
Robotics, semiconductors, advanced manufacturing, and the physical infrastructure of the AI era.
Current Portfolio
Representative positions as of Q2 2026. Allocations rebalanced quarterly. Illustrative only.
Performance
Net-of-fees quarterly returns since inception versus a blended AI & defense benchmark. Past performance is illustrative and not indicative of future results.
| Quarter | Fund | Bench. |
|---|---|---|
| Q2 2025 | +6.8% | +4.1% |
| Q3 2025 | +9.3% | +5.7% |
| Q4 2025 | −2.1% | −3.4% |
| Q1 2026 | +11.2% | +7.0% |
| Q2 2026* | +8.6% | +5.2% |
*Quarter to date. Net of all fees. Illustrative figures.
The Intern Team
Selected from thousands of applicants, our summer analysts own real theses under professional mentorship.
Insights
How recurring software margins are re-rating the next generation of defense primes.
Mapping the architecture winners as inference shifts from data center to device.
Why energy capacity, not GPUs, may set the ceiling on AI scaling through 2030.
A framework for the multi-year capital deployment into allied manufacturing.
Fees & Structure
| Management Fee | 1.5% annually |
| Performance Fee | 15% (subject to high-water mark) |
| Rebalancing | Quarterly |
| Eligible Investors | Accredited investors, family offices, HNWIs |
| Liquidity | Quarterly, with notice |
| Minimum Commitment | $250,000 |
Terms shown are illustrative. Definitive terms are set out solely in the fund's offering documents.
Accredited Investor Access
Larpman Brothers is open to accredited investors, family offices, and qualified high-net-worth individuals. Submit your details and our team will follow up with offering materials.