Portfolio Update
The past week has been a busy one for my portfolio, so I wanted to share a quick update with subscribers.
In total, I’ve:
Trimmed 1 position
Closed 1 position entirely
Added to 3 positions
These moves were driven primarily by changes in the risk/reward symmetry I see across my holdings.
Since the 2022 bear market, my portfolio has performed well beyond expectations. I had a 100+% year in both 2023 and 2024, followed by a 47% YTD return thus far.
These are extraordinary returns, even on a decade-long view. Achieving them in just two and a half years is far from normal, and certainly not something I expect to sustain indefinitely.
To preserve and build upon this performance, I need to stay disciplined in adjusting my portfolio as risk/reward dynamics evolve. Hence, this update.
I’ll keep this short, as many of these changes were already discussed in my recent portfolio review:
Let’s get started.