Ok haven’t posted my Portfolio recently but felt I should get back into the habit.
Ended 2024 up 26.9% after being up >40% by early December only for tech to take a bath heading into year end.
As of Jan 31st here are my portfolio positions and accompanying light review. I will add more detail along the way and in future months…
Jan 31st: +9.8% YTD
(Peaked earlier in the day at +11% which would have been @ YTD high and Post 21/22 crash high)
A very good week and month for the portfolio with a broad rally in software, fintech and eCommerce. I estimate I have to climb another ~37% to reach my portfolio ATH.
Thematically, I’m principally invested in:
eCommerce (20%) - Shopify, MercadoLibre, Global e-Online & SEA
AI & Cloud Infrastructure (18%) - Cloudflare, Pure Storage, Nvidia, Nebius, Astera Labs, Micron & SuperMicro
Software (SaaS/DevOps/Data analytics) (33%) - Palantir, Datadog, Snowflake, GitLab, Monday, Samsara & MongoDB
Cybersecurity (9%) - Crowdstrike, ZScaler, Rubrik & SentinelOne
Fintech/Payments (9%) - SoFi, Pagaya, Toast, Upstart & Bill
AdTech (10%) - The Trade Desk & Reddit (ad community)
Quite a lot of movements in concentrations and holdings with trimmings and reinvesting from Palantir, Datadog, Shopify and TTD into Nvidia, Micron & Pagaya and an exit from Digital Ocean and entry into Tesla, ALAB and NBIS
Considering trimming Datadog, TTD & Palantir further as well as Pure Storage. Would like to add to Tesla and at the right price get into AppLovin (rolling over from TTD) and Axon (perhaps from IOT if its share price gets too extreme).
Holdings in MDB, S, ZS, BILL and SMCI sit closest to the exit door.
25+ holdings - bit of a long tail of 1-2% positions (made up of high conviction, scaling down and scaling up plays):
SHOP - 12%
DDOG - 9%
TTD - 8%
PLTR - 7%
PSTG - 6%
NET - 5%
IOT
SNOW
MELI
MNDY - 4%
CRWD
NVDA
UPST - 3%
ZS
GLBE
MDB
GTLB
SOFI - 2%
S
MU
TSLA
RBRK
RDDT
NBIS
SE
TOST
BILL
PGY - 1%
ALAB
SMCI
From my portfolio and watch list…
Sezzle, ROOT, Crowdstrike, PLTR, IOT, TTD, APP, AXON, NVDA, FOUR, Rubrik, RDDT, HOOD, Arista, Fortinet, Palo Alto, CyberArk, - at/near ATH
GitLab, GLBE, SHOP, NET, SOFI, DDOG, SE, MNDY, UPST, TOST, Twilio, Box, Applied Opto, Hubspot, Docu, Zoom, nCino, Lemonade- at/near 52wkH
As sectors, Cyber Security and SaaS have come on strong - particularly profitable plays, software providers with rising consumption and ones with demonstrable AI use cases, as well as cloud infra software & services (incl. IaaS/PaaS/equipment/SaaS), DevOps, eCommerce, Payments & Fintech and AdTech.
Ant.