My 2021 Portfolio Performance as of
Jan +7.3% YTD
Feb +6.7% YTD
Mar +2.0% YTD
Apr +9.8% YTD
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
DDOG 14.7% 2.9% -12.9%
CRWD 14.6% 14.2% -1.6%
DOCU 10.8% 10.1% 0.3%
SNOW 9.9% 1.0% -17.7%
NET 9.8% 20.6% 11.5%
ETSY 8.3% -1.4% 11.7%
BAND 6.6% 4.3% -14.0%
UPST 5.3% -15.4% 167.5%
LSPD 5.2% 11.1% -0.8%
ZM 3.6% -0.5% -5.3%
TWLO 3.4% 7.9% 8.7%
MGNI 0.9% -3.7% 30.4%
TWOU 0.6% 2.7% -1.9%
ASAN 0.2% 16.6% 12.8%
cash 6.2%
Datadog (DDOG)
02/26/2021: $95.41 (Market Cap Approx: $33b, TTM Revenue: $604m)
03/31/2021: $83.34 (Market Cap Approx: $29b, TTM Revenue: $604m)
04/30/2021: $85.77 (Market Cap Approx: $30b, TTM Revenue: $604m)
There’s a new sheriff in town as DDOG just barely bumps CRWD from the top spot. DDOG will report Q1 next week, and I think it will be a good one.
Crowdstrike (CRWD)
10/31/2020: $123.84
12/4/2020: $167.26
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, TTM Revenue: $762m)
03/31/2021: $182.51 (Market Cap Approx: $43b, TTM Revenue: $875m)
04/30/2021: $208.51 (Market Cap Approx: $50b, TTM Revenue: $875m)
CRWD rebounded quite a bit this month, with highs well into the $220’s. I trimmed slightly, as I almost always do if something is up 20% or more during the month.
Docusign (DOCU)
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, TTM Revenue: $1.297b)
03/31/2021: $202.45 (Market Cap Approx: $43b, TTM Revenue: $1.453b)
04/30/2021: $222.94 (Market Cap Approx: $47b, TTM Revenue: $1.453b)
DOCU was up around 15% at its high in April, but I couldn’t bring myself to trim. Looking forward to Q1 earnings, which they will report in a month or so.
Snowflake (SNOW)
03/31/2021: $229.28 (Market Cap Approx: $68b, TTM Revenue: $592m)
04/30/2021: $231.59 (Market Cap Approx: $68b, TTM Revenue: $592m)
I guess I have drunk the kool aid, after I wrote about that here: https://discussion.fool.com/snow-what-i-was-missing-34787302.asp… I’ve also had help from Muji – check out his Twitter chat with StockNovice – and am understanding more and more about what makes SNOW so special and dominant. They really do have an unparalleled offering for their customers.
Cloudflare (NET)
10/31/2020: $51.97
12/4/2020: $77.35
12/31/2020: $75.99 Market Cap Approx: $23b
01/29/2021: $76.66 (Market Cap Approx: $23b, TTM Revenue: $389m)
02/26/2021: $73.97 (Market Cap Approx: $23b, TTM Revenue: $431m)
03/31/2021: $70.26 (Market Cap Approx: $22b, TTM Revenue: $431m)
04/30/2021: $84.74 (Market Cap Approx: $26b, TTM Revenue: $431m)
Wow! The rebound stock of the month is Cloudflare. I trimmed quite a bit…just over 25% of my position, but I added a little back today. If any of our stocks are expensive, it’s this one. But it’s also a fantastic company that is completely killing it. They also report earnings next week!
Etsy (ETSY)
10/31/2020: $121.59
12/4/2020: $155.03
12/31/2020: $177.91 Market Cap Approx: $24b
01/29/2021: $199.09 (Market Cap Approx: $27b, TTM Revenue: $1.378b)
02/26/2021: $220.27 (Market Cap Approx: $31b, TTM Revenue: $1.725b)
03/31/2021: $201.67 (Market Cap Approx: $28b, TTM Revenue: $1.725b)
04/30/2021: $198.79 (Market Cap Approx: $28b, TTM Revenue: $1.725b)
I added to Etsy. I think this is probably going to be a company that goes up in fits and starts, as the market accepts that they are a premier ecommerce company, growing much faster than ecommerce as a whole. Etsy reports next week, and I expect great things.
Bandwidth (BAND)
12/31/2020: $153.67 Market Cap Approx: $4.2b
01/29/2021: $178.13 (Market Cap Approx: $4.9b, TTM Revenue: $292m)
02/26/2021: $158.36 (Market Cap Approx: $4.4b, TTM Revenue: $343m)
03/31/2021: $126.74 (Market Cap Approx: $3.5b, TTM Revenue: $343m)
04/30/2021: $132.20 (Market Cap Approx: $3.6b, TTM Revenue: $343m)
I trimmed BAND a bit. Just don’t want to get ahead of my conviction. I’m comfortable with a mid sized position here. Earnings call is next week!
Upstart (UPST)
02/26/2021: $65.64 Market Cap Approx: $4.8b
03/31/2021: $128.86 (Market Cap Approx: $12b, TTM Revenue: $234m)
04/30/2021: $109.02 (Market Cap Approx: $10b, TTM Revenue: $234m)
Upstart cratered in March, hitting lows under $100. I have added and trimmed at various times during the month. Earnings call is in a couple weeks.
Lightspeed (LSPD)
02/26/2021: $68.42 Market Cap Approx: $8.1b
03/31/2021: $62.81 (Market Cap Approx: $7.4b, TTM Revenue: $176m)
04/30/2021: $69.81 (Market Cap Approx: $8.2b, TTM Revenue: $176m)
I added a tiny bit. Earnings in a few weeks!
Zoom and Twilio are two small positions that I won’t say much about. As already-giant companies, I expect their multiples will start to contract a bit as growth inevitably slows. Maybe I will hold, maybe I will sell.
Tiny positions
I bought into MGNI to go with TWOU (which I added a tiny bit to) and ASAN (which I have almost sold out of). These are basically watchlist sized positions. We’ll see where they go from here.
Closing Thoughts
In a hurry, so I’ll just say, have a great May everyone!
Bear
“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…
Feb 2021: https://discussion.fool.com/bear39s-portfolio-through-022021-347…
Mar 2021: https://discussion.fool.com/bear39s-portfolio-through-032021-347…