I did nothing this week. As a reminder, when I do decide to make a transaction, you will be informed on the same day.

I’ve been chatting for a few months about a chunk of deposits I had sitting in a money market fund. I was waiting to deposit them into my brokerage until I saw more compelling opportunities to accumulate. I think those opportunities have now come. Indexes aren’t showing much pain, but under the hood there are deals in my view.

I’ve deposited the remaining chunk, which is why my cash position looks so much higher than last week.

I will add most of these funds to the following names in equal increments on Monday:

I’m entertaining the idea of starting a new position in Starbucks. I haven’t made any decisions, but that is why I will leave 2.5% in cash in the portfolio for now.

One more quick note on CrowdStrike and The Trade Desk. Both are looking pricey, but both are generational companies with a decades-long runways and a dominant category position. The pricey multiples would have to enter wildly pricey territory for me to sell. I’m not trimming here.

These are two of the best companies on the planet. Their combinations of tech, go-to-market and leadership are on par with the mega-caps in my view. But? The multiples continue to expand. As you know, I do not have the portfolio size to be selling $35,000 calls or even a $10,000 call for TTD. That would be too large of a position for me. In a perfect world, that is likely what I would be doing for both names. I’m unwilling to sell any shares of either as I don’t want to try to time up a perfect entry to re-accumulate. I’m going to do nothing. If my portfolio had more 0s in it, I’d likely consider some contract selling in the near future with any more multiple expansion.