X-post on METAR board
-
Continued investments in the Shipping basket. In particular, FLNG (more than doubled FLNG stake in seven weeks) and ZIM. Then trimmed each,
FLNG post div date, ZIM prior to ex-date. Not all glitter, some ugliness detailed below. Shipping basket now 17.55% of port. -
Some shipping ideas continued their surprises with dividend hikes: ZIM ($2.50 => $17), SBLK ($1.25 => $2), GOGL (80c => 90c), GNK (15c => 67c)
-
Some monetizing opportunities in each of the accounts. Gains varied from ok (NMM (x2), DAC), fairly nice (DAC, NM, GSM (x2), DDOG, BHP) to
great (ZIM, PHUN, BRK-B) -
Realized some losses too - AMRS, APPN, MRNA, UPST, DDOG, OP (spin-off shipping idea, terrible mgmt behavior) , TMC (wash), APWC (wash), AEHR
-
ETF changes: 2 BDRY (dry bulk shipping ETF) nibbles, 2 ARKF nibbles, 1 QQQ nibble, 1 VHT nibble. ETF now 5.68% (Plan: 9.5-10%)
-
Negative surprises: Abrupt pull-back - APPN, CRM, MRNA, TMC, IIVI, UPST
-
Positive surprises: GLNG, ZIM (Q4 div announcement and subsequent price rise), FLNG, ABBV, GSM, NMM
The Top 10 holdings in the port per 3/31/22
- Atlantica Sustainable Infrastructure (AY) - Utility - 6.63%
- Icahn Partners (IEP) - Financial - 5.26%
- Golden Ocean (GOGL) - Shipping - 5.11%
- Qualcomm (QCOM) - Technology - 4.75%
- Verizon (VZ) - Technology - 4.41%
- Apple, Inc (AAPL) - Technology - 3.75%
- Berkshire Hathaway (BRK.B) - Financial - 3.66%
- Star Bulk Carriers - Shipping - 3.21%
- Flex LNG (FLNG) - Shipping - 3.19%
- Navios Maritime Partners (NMM) - Shipping - 2.89%
Tier 1: (1.09% - 2.46% positions)
VATE - 2.46%, ABEV - 2.00%, APWC - 1.78%, ZIM - 1.67%, PDT - 1.64%, MRNA - 1.47%, CPNG - 1.38%,
RA - 1.34%, ABBV - 1.32%, FLGT - 1.13%, PFE - 1.13%, BNS - 1.09%
Tier 2 and Tier 3: Lots of smaller bets, each less than 1%
Primary sectors: Financial, Shipping, & Technology, each between 16-20%
Result for Q1 2022: +2.39%
HohumYNWA