Core Holdings Performance 2024
2024 Returns & Plans for 2025
Core Holdings 2024 Performance:
$TSLA: 62%
$SE: 176%
$MELI: 11%
$GRAB: 43%
$HOOD: 201%
$COIN: 58%
$HIMS: 150%
Reflection on 2024 + Plans for 2025:
TSLA 0.00%↑
$TSLA has done extremely well post Trump appointment for obvious reasons. Autonomy, Optimus, Energy are all extremely promising sectors and ones that will likely make $TSLA look cheap a decade or two from here.
However, I do think Tesla stock is slightly out of touch with reality. Autonomy is coming, but the timeline is uncertain. Optimus is likely still 3-5 years away. I have trimmed about 20-30% of my position in recent weeks and will likely continue should $TSLA stock continue moving upwards in the coming months.
SE 0.00%↑
$SE has been a great performer this year and one that has brought about the largest confidence boost in my ability to pick stocks. Just 18 months ago, the stock was left for dead and derided by many among the community. Yet, management was clearly executing phenomenally despite claims of increasing competition. Basing effects meant 2024 was set to be a hyper-growth year for all 3 segments of the business and it has since turned out to be true.
While the stock is up ~3x this year, I do think $SE is still slightly undervalued. The market simply doesn’t recognise that $SE is the biggest beneficiary of the SEA demographic boom for the coming decades. More importantly, the market fails to realise that $SE can grow at 10-20% for over a decade to come. That has been a consistent reason for outperformance, with the prime examples being $AMZN and $MELI.
MELI 0.00%↑
$MELI has underperformed compared to $SPY and $QQQ so far this year largely due to concerns around the Brazilian economy. However, MELI remains a huge outperformer over a 5Y, 10Y, 15Y timeframe.
It is one of the safest holds in my portfolio and one that I will likely be adding to in 2025. I expect it to outperform the index in 2025 as management continues to execute exceptionally despite currency turmoil and macro concerns.
GRAB 0.00%↑
2024 has been a breakout year for Grab stock, having been in a consolidation phase for nearly 30 months. The company turned profitable in Q3 2024 and is guiding for sustained profitability moving forward. I believe 2024 has been the best year for $GRAB in the history of the company and I expect 2025 to be similar.
$GRAB is one of my key holds for 2025. I believe the company is at the inflection point of utilising its vast amounts of data for GFin and 2025 could be that breakout year. Mobility and Deliveries should also see tailwinds moving into 2030 and $GRAB’s strong market positioning should see it increase take rates throughout the year.
HOOD 0.00%↑
$HOOD stock has performed fantastically well this year, and I believe it is fully deserved. Vlad and Co. have executed phenomenally well, with new features coming out almost every month. The pace of execution at the company is unlike any other that I’m seeing at this scale.
That said, I do think the stock may be due for a slight pullback should Crypto top sometime in 2025. I have trimmed 30% of my position as the market has finally brought the stock back to fair value. I believe $HOOD has the potential to be a generational company.
COIN 0.00%↑
One would imagine $COIN to be up much more than 70% this year considering $BTC’s run and performance. The company has executed well and has strong market positioning in the US (near monopoly). Brian Armstrong has done very well to increase institutional confidence in Coinbase in a sector that has often been a laughing stock.
I expect transactional revenues in Q4 2024’s earnings to go through the roof and beat analyst’s expectations’ handily. I think the first half of 2025 will be a great period for $COIN stock and it remains one of my high conviction holds. I will, however, be selling as the stock goes parabolic as the business is purely cyclical at the current stage.
HIMS 0.00%↑
One of the darlings of FinTwit and has performed well despite huge volatility regarding GLP-1 news etc… $HIMS has executed extremely well and appears to still be undervalued by the market on traditional metrics. I think part of the reason for this constant undervaluation is the cloud over GLP-1s.
As I always say, GLP-1s will matter, until it doesn’t. As China news mattered for $SE until it didn’t. $HIMS is a relatively small position for me as I continue researching the business and looking for blind spots I may have missed out.
Overall Plans for 2025:
Following the back to back 25+% market returns in 2023 and 2024 and the quite frankly insane performance of stocks I have held, I am expecting a slightly weaker year in 2025 and will be moving to slightly more defensive companies. Reversion to the mean is a very plausible situation.
You can view my top 5 stocks for 2025:
https://x.com/GabGrowth/status/1871155683703525643