You’re going to receive an article very shortly containing my reasoning for another CrowdStrike trim and my Zscaler investment case. Here are the actual portfolio changes that I plan to make tomorrow morning:

Zscaler is going to start at 2.3% of total holdings and go from there. CrowdStrike is going to move from 5.5% of holdings to 3.8% of holdings. The CrowdStrike trim, a small Lemonade trim (getting too large for as speculative as it still is) and a fresh deposit will be the sources of the funds here. Total exposure to cybersecurity is going to move from 13% of holdings to about 13.6% of holdings following these changes.