My 2021 Portfolio Performance YTD as of
Jan +7.3% Feb +6.7%
Positions (You can click on the link at the bottom of this post to last month if you want to see what has changed.)
Ticker Curr% Mo Ch YTD Ch ZM 13.9% 0.4% 10.8% CRWD 12.9% 0.1% 2.0% NET 12.5% -3.5% -2.7% DOCU 11.1% -2.7% 2.0% DDOG 8.6% -7.1% -3.1% ASAN 6.5% -2.1% 17.2% BAND 5.4% -11.1% 3.1% UPST 3.9% 5.5% 61.1% ETSY 3.4% 10.6% 23.8% LSPD 1.3% 5.4% -2.8% TWOU 0.6% -3.1% -0.9% options 3.3% cash 16.6%
Cash position Well I finally found some places to deploy cash this month. I bought a fairly large position in DDOG, and added to several other positions this month, and my cash fell all the way from 32.6% to 16.6%. I’m happy with that, and I’m ready for stocks to start going up again.
Zoom (ZM) 13.9%, up from 7.2%
12/31/2020: $337.32 Market Cap Approx: $103b
01/29/2021: $372.07 Market Cap Approx: $114b
02/26/2021: $373.61 Market Cap Approx: $114b
Zoom is one of the stocks I have added to the most. As we’ve drawn closer to the earnings report they’ll be giving on Monday, I’ve felt more and more confident that it will be a strong one. The market seemed to be thinking likewise earlier in February, but as the sell off we’ve seen in other stocks hit ZM as well, I added quite a bit.
Crowdstrike (CRWD) 12.9%, down from 14.5%
12/31/2020: $211.82 Market Cap Approx: $50b
01/29/2021: $215.80 Market Cap Approx: $51b
02/26/2021: $216.00 Market Cap Approx: $51b
I trimmed CRWD slightly when it was up earlier this month. I haven’t added back…yet. I’m expecting really good things from CRWD, and I’m placing some options bets on their upcoming earnings, but that’s off topic for Saul’s board.
Cloudflare (NET) 12.5%, down from 15.2% last month
12/31/2020: $75.99 Market Cap Approx: $23b
01/29/2021: $76.66 Market Cap Approx: $23b
02/26/2021: $73.97 Market Cap Approx: $23b
We had a really great opportunity to trim NET before they reported a few weeks ago. I trimmed it a lot at $85+ and even once at $90+. I’ve since bought a lot of that back.
Docusign (DOCU) 11.1%, down from 11.3%
12/31/2020: $222.30 Market Cap Approx: $47b
01/29/2021: $232.89 Market Cap Approx: $49b
02/26/2021: $226.66 Market Cap Approx: $48b
I didn’t touch DOCU in February. I am sitting on my hands…a lot of people seem to think DOCU’s revenue growth rate will rapidly decline. I’m not one of them. I think they’ll accelerate when they report in a couple weeks.
Datadog (DDOG) 8.8%,, up from 0.0%
02/26/2021: $95.41 Market Cap Approx: $33b
It is rare that I’ll build up a stock that I’m not in at the beginning of the month into a fairly large position by the end of the month, but then, DDOG reported a rare quarter. Customer growth, large customer spend, and sequential growth rates are all pointing in the right direction. I believe they will re-accelerate in a couple quarters.
Asana (ASAN) 6.5%, up from 4.4%
12/31/2020: $29.55 Market Cap Approx: $4.7b
01/29/2021: $35.37 Market Cap Approx: $5.6b
02/26/2021: $34.63 Market Cap Approx: $5.5b
I thought ASAN had gotten away from me as it hit $40+ earlier this month. When I got another opportunity to add around $35, I added a bunch. Still not ready to make this a large position, but I am eagerly awaiting their report in a couple weeks. Hopefully that gives me the confidence to add even more.
Bandwidth (BAND) 5.4%, up from 4.0%
12/31/2020: $153.67 Market Cap Approx: $4.2b
01/29/2021: $178.13 Market Cap Approx: $4.9b
02/26/2021: $158.36 Market Cap Approx: $4.4b
I added to BAND a bit this month in anticipation of their quarterly report yesterday on 2/25. The top line revenue growth was 82%, but like TWLO, BAND benefited from political spend and an acquisition. Still, the numbers looked great, and I’ll consider adding. Not a top confidence position yet, but I’m happy with a mid-sized position. This looks to be a great review on the quarter…can’t wait to read it: https://discussion.fool.com/bandwidth-band-review-and-q4-results…
Upstart (UPST) 3.9%, up from 0.0%
02/26/2021: $65.64 Market Cap Approx: $4.8b
Here’s another place some of my cash went. I am working on a write up for the board. Coming soon!
Etsy (ETSY) 3.4%, down from 3.7%
12/31/2020: $177.91 Market Cap Approx: $24b
01/29/2021: $199.09 Market Cap Approx: $27b
02/26/2021: $220.27 Market Cap Approx: $31b
I was unsure what to expect from ETSY’s guidance for 2021, so I trimmed it. That was a mistake. They guided for 135% growth in Q1 – and the sequential numbers were amazing. I’ve started to add back, and will likely add more. Check out this thread if you’re interested: https://discussion.fool.com/etsy-4th-quarter-results-34763165.as…
Lightspeed (LSPD) 1.3%, up from 0.0%
02/26/2021: $68.42 Market Cap Approx: $8.1b
This is a little position I’ve been trying to sell myself on more, but I can’t seem to bring myself to add much. I think there’s a lot of hope for it, but it’s a little hard to follow. Here’s a thorough post about it: https://discussion.fool.com/lspd-a-new-position-34744143.aspx
2U (TWOU) 0.6%, down from 2.5%
01/29/2021: $40.90 Market Cap Approx: $2.8b
02/26/2021: $39.63 Market Cap Approx: $2.9b
TWOU reported a very good quarter, I thought, but I’m just keeping a tiny position for now. It’s a forgotten company, and I don’t know if that will change. I’m just keeping it on the radar.
Stocks I’ve sold
I sold ZS and TLND for very different reasons this month. Talend was a successful trade for me, but it went up faster than the business improved. The stock may keep going up, but I lost interest. ZS, on the other hand, had a great quarter (reported yesterday 2/25), but I was already out. I sold when it was up earlier in the month and I’m ok with that. It goes in the bucket with TWLO, OKTA, and several other great companies I like but just can’t find room for, or muster enough interest in.
February was a tease…the first half was amazing, and now I find my portfolio lighter than it was at the end of January. Oh well, may March bring us better results!
“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” - Attributed to Albert Einstein
Previous Month Summaries
Dec 2016 (contains links to all 2016 monthly posts): http://discussion.fool.com/bear39s-portfolio-at-the-end-of-2016-…
Dec 2017 (contains links to all 2017 monthly posts): http://discussion.fool.com/bear39s-portfolio-through-dec-2017-32…
Dec 2018 (contains links to all 2018 monthly posts): https://discussion.fool.com/bear39s-portfolio-through-dec-2018-3…
Dec 2019 (contains links to all 2019 monthly posts): https://discussion.fool.com/bear39s-portfolio-through-dec-2019-3…
Dec 2020 (contains links to all 2020 monthly posts): https://discussion.fool.com/bear39s-portfolio-through-dec-2020-3…
Jan 2021: https://discussion.fool.com/bear39s-portfolio-through-012021-347…