When I first found this board in late 2015, I was captivated by how Saul deftly piloted his concentrated portfolio and made it seem so intuitive. Usually some double digit positions, some high single digit, and some low single digit. From month to month, positions would rise and fall within his portfolio as the news, market prices, and reported quarters unfolded and evolved.
In Feb 2016 I decided to mimic his portfolio reviews, and did so for many years. This probably taught me more about investing than any other factor I can name.
Now I’ve shifted some of my net worth into a more stable bucket made up of an S&P 500 etf and cash/bonds. Old man stuff. But another part of my money is still in a growth portfolio, and I am trying to remember the things I learned here about how to run it in an ever-evolving and agile Saul-esue manner.
My overall portfolio is up 12.1% ytd, and has been relatively steady. The growth portfolio I’ll share below has been volatile, and was negative ytd until a few weeks ago, but is now (after a huge May) up 12.6% ytd. (The last two columns are MTD and YTD…so you can see how much some of these stocks ripped in May!)
As Saul always did, here’s a bit about each of the companies:
Credo: grew revenue 202% last Q and guided for 156% next Q and their fwd PE is 43. What more do you need to know? Oh yes, they report earnings Monday afternoon.
Hinge Health: https://www.reddit.com/r/GrowthStockInvesting/comments/1t4t8fj/hinge_health_q1_2026/
Rubrik: I’ve been trimming Rubrik as they’ve recovered from some lows below $50. I probably shouldn’t have had such a big Rubrik position coming into the year. They seem great long term, but the growth is in the 30-something % range, not as amazing as a lot of things I’m holding. I like long term stability, but the more something leans “stable/safe,” the more price matters. I should have limited the position size, esp at $90-$100.
Applovin: another one I probably had too large coming into the year, and added to in January as it started to fall. Again, the problem isn’t execution. This company is a killer. But revenue is decelerating. Still, revenue grew 59% YoY last quarter…and with a fwd PE of about 39, I’ve trimmed a bit lately, but I think the price is still reasonable.
SoFi: Their revenue grew 42% YoY last Q and has been accelerating, though they have some hard comps coming up. But profits are expanding too, and fwd PE is ~30.
Mercadolibre: Revenues have picked up, growing 49% Yoy last Q, but profits have been disappointing as they’re investing in the business a lot. But that’s a good thing long term, so I’m just being patient here. Added a tiny bit.
Figure Tech: https://www.reddit.com/r/GrowthStockInvesting/comments/1td20d2/figr_q1_2026/ Figure is down since I wrote that, and fwd PE has fallen from 45 to 38. Not bad for a company that just grew revenue 98% YoY! I’ve been adding back to what I trimmed.
Sea Limited: This one is similar to MELI but I haven’t held it nearly as long, so I’m still getting used to it. I think many of the same dynamics (investment vs profits) apply. I’ll look to learn more.
Silicon Motion: https://www.reddit.com/r/GrowthStockInvesting/comments/1szzl98/silicon_motion_simo_q1_2026_earnings_press/ Quite an exciting company!
Axon: Like Rubrik, and even more so, I love Axon long term. Even short term, I think Axon is coming off some high-spend years and might bring more to the bottom line this year. But like Rubrik, it’s not growing insanely fast (30’s-%) and it’s not cheap (fwd PE is 58), so I trimmed a little this week. But they’re a very, very good company.
Ethos (LIFE): Thanks again to WPR for writing this one up in March when it was around $10/share! https://discussion.fool.com/t/introducing-ethos-technologies-life/123950?u=paulwbryant They since had an amazing Q1, but the Q2 guidance (seasonality) is probably why investors have cooled off. Fwd PE is about 14, though, so this could still be undervalued.
Reddit: with likely 50%+ revenue growth, and somewhat growing underlying business, this a likely better-than-cash idea at $175. The new expectation is almost $5 EPS this year so fwd PE is just over ~37. I’m not likely to add unless this dips, but I wouldn’t sell out unless the PE shoots near 50.
Root: I’ve held Root for a while, and it’s been way up and right back down. It’s weird, they just printed 2.09 EPS, so if that was the run rate, their PE would be below 7. I don’t think anyone knows what to expect for profitability though, because it’s been all over the place.
Monday: Woof. The few shares I have left were purchased a year ago at like $250. No fun.
Well that’s all folks. I can’t emphasize how much I’ve learned over the years through reviewing my own portfolio for this board. Thanks for being a huge part of my education!
Bear
PS – please feel free to join the discussion here: https://www.reddit.com/r/GrowthStockInvesting/comments/1trgeid/bears_portfolio_through_may_2026/