Photo by Mike Petrucci / Unsplash
a. Updated Performance vs. the S&P 500
b. Portfolio Changes
I made several adds today as healthy companies in my portfolio continue to get cheaper. I do not call bottoms. I do not deploy all at once. I just fixate on healthy fundamentals at a fair price... and I slowly lean in as those prices get better & better. "Greedy when others are fearful" never feels good in real-time, but I feel strongly about it being the correct decision for me right now. Today's adds:
6% Lemonade add
5% SoFi add
9% Zscaler add
6% Rubrik add
5% ServiceNow add
c. Portfolio Management Strategy
*the order of the names in these lists below is meaningless.
My holdings that are performing & compellingly priced where I'd accumulate into modest multiple contraction:
Amazon
Meta
Mercado Libre
Zscaler
On
ServiceNow
Nu
Coupang
Axon
Rubrik
SoFi
Lemonade
Shopify
My holdings that are performing & compellingly priced where I'm happy with what I own:
Uber fits into this grouping. I love the name being around 4% of holdings as autonomous vehicle sectors develop and evolve. I am confident in owning it, but I want to see my bullishness proven out over the coming quarters and don't want it to be a top 5 holding while that happens.
My holdings that are performing & expensive where I'd accumulate into meaningful multiple contraction:
Cava
Alphabet
Starbucks
Watch List:
CrowdStrike
Sea Limited
Netflix
The Trade Desk
DraftKings
"If you were starting a portfolio today, what would it look like?"
8% Amazon
8% Meta
8% Mercado Libre
7% Alphabet
7% Zscaler
6% ServiceNow
6% Lemonade
6% SoFi
5% Nu
5% Coupang
5% Starbucks
5% Rubrik
4% On
4% Uber
4% Cava
4% Axon
3% Shopify
5% cash
d. Updated Holdings
