As what should be a healthy exercise as I am still in the early days of maintaining a self-directed, concentrated portfolio, this post will include combining what I plan to be a brief portfolio review with what I plan to be a brief review of the latest earnings reports of several of my holdings that have already reported and that aren’t already massively covered elsewhere.
With that excessive sentence, let’s try to be more concise with the rest.
Brief portfolio review, with performance data from the beginning of the year as well as from the arbitrarily chosen date of Dec. 6, 2017, which was a bit of a local bottom/minimum for my portfolio. Percentages are as of 2/9/2018. My portfolio is up 7.0% on the year as of 2/9/2018, down from a max of up 19.8% YTD as of 1/26/2018. My all-time time-weighted return (since Oct. 2, 2014) is 73.0% for a CAGR of 17.8% vs. a TWR of 34.6% and 9.3% CAGR for the S&P 500 during the same timeframe (like Saul, I’m not including S&P 500 dividends, as that would simply complicate the equation, so I have just used the closing value of the S&P).
Company Ticker Port % YTD gain Gain since 12/6/2017 Nvidia NVDA 28.51% 19.9% 22.62% Arista ANET 10.65% 15.7% 28.04% Mercado MELI 9.38% 6.7% 23.38% (bought a Feb 16 2018 $330 put as a hedge on 1/26/18; sold for small gain on 2/5...could have sold for 10x more on 2/9) Apple AAPL 6.99% -7.6% -7.46% (considered trimming more before earnings) Ubqut UBNT 6.30%**-0.7% 5.82% Shopify SHOP 6.01% 18.4% 24.83% Square SQ 4.42% 14.1% 5.21% Bank IntBOFI 4.68% 16.7% 26.17% Cognex CGNX 3.07% -10.0% -11.24% Options Options 4.24% N/A* No Calc* (Does not include Celgene position) Trd Dsk TTD 2.87% -6.4% No Calc* cash cash 1.62% N/A* No Calc* Sierra SWIR 2.11% -23.0% -25.88% iRobot IRBT 1.62% -24.5% -10.96% Hubspot HUBS 2.03% 3.0% 13.11% Alteryx AYX 1.71% N/A* N/A* Pure StgPSTG 2.15%** N/A* N/A* (likely boosting to 6% end of week, via options) Celgene CELG 0.96%** N/A* N/A* Undr ArmrUAA 0.61% tiny N/A* SeadrillSDRL 0.05% worse N/A*
- For these, I do not have a simple calculation, because the positions have been dynamic during the time period for various reasons. I added to The Trade Desk subsequent to 12/6/2017, and Alteryx and Pure Storage positions are new during 2018.
** Percentages for Ubiquiti Networks and Pure Storage are only for shares owned. I also have a 2020 options position in Ubiquiti and a Feb 16 2018 Pure Storage options position. My Celgene position is now entirely a 2020 options position with no shares owned.
I included that first to allow perspective of my positions for each of the following companies as I provide my thoughts/reviews of their latest earnings report. I will not be covering Apple or Nvidia as they are covered plenty closely at plenty of other places. For Bank of Internet, I will simply state that their quarter was generally positive (especially considering the adjusted rather than GAAP earnings, as Saul often encourages). Arista Networks, Mercado Libre, Shopify, Square, Cognex, The Trade Desk, Hubspot, Alteryx, and Pure Storage have not yet had their latest announcements.
The companies I will focus on are Ubiquiti Networks, Sierra Wireless, iRobot, and Celgene, which have all gone down subsequent to their latest quarters. That will come later though, as I have gotten this post formatted decently to this point, dinner is now ready, and I am not sure if I will challenge the character limit for a single post (hopefully not).
Until later with UBNT, SWIR, IRBT, and CELG,