Bear's Portfolio through 10/2024

Large Positions:

AMZN is my only large position at present. For me to concentrate into a position, I need to believe the future is bright and the value is right. (For example, I believe MSFT and GOOG have bright futures too, but I see their prices as less favorable.)

Amazon ended Oct about where it started the month. (Luckily it seems to be up after hours today.)

Small Positions:

Sometimes I keep positions small because of price (see above), but other times it has to do with not having full conviction in the company (conviction should be built over time, IMO).

This was a ridiculous month for RDDT and ROOT. I mean wow. The others were hit or miss. I don’t really have a lot of strong takes on these, which is why they are small positions.

Sold:

I sold Transmedics because IMO the quarter was a thesis-buster, I took Zscaler profits when it was up, and I sold Nubank as I see potential downside if they only grow 4% sequentially like last quarter (or do worse!)

That leaves me with just 8 positions. I’d like to have more. Hopefully I’ll find some stuff soon!

Bear

PS - I still believe keeping score is a worthwhile thing. I’m including my gains as a postscript because I want to de-emphasize it. I don’t want it to sound like bragging. But maybe it can inspire some, especially the young investor who is newer to the game. When I was such a person, I never dreamt this was possible:

“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): Bear's Portfolio at the end of 2016 - Saul’s Investing Discussions - Motley Fool Community

Dec 2017 (contains links to all 2017 monthly posts): Bear's Portfolio through Dec 2017 - Saul’s Investing Discussions - Motley Fool Community

Dec 2018 (contains links to all 2018 monthly posts): Bear's Portfolio through Dec 2018 - Saul’s Investing Discussions - Motley Fool Community

Dec 2019 (contains links to all 2019 monthly posts): Bear's Portfolio through Dec 2019 - Saul’s Investing Discussions - Motley Fool Community

Dec 2020 (contains links to all 2020 monthly posts): Bear's Portfolio through Dec 2020 - Saul’s Investing Discussions - Motley Fool Community

Dec 2021 (contains links to all 2021 monthly posts): Bear's Portfolio through 12/2021 - Saul’s Investing Discussions - Motley Fool Community

Dec 2022 (contains links to all 2022 monthly posts): Bear's Portfolio through 12/2022

Dec 2023 (contains links to all 2023 monthly posts): Bear's Portfolio through 12/2023

Jan 2024: Bear's Portfolio through 01/2024

Feb 2024: Bear's Portfolio through 02/2024

Mar 2024: Bear's Portfolio through 03/2024

Apr 2024: Bear's Portfolio through 04/2024

May 2024: Bear's Portfolio through 05/2024

Jun 2024: Bear's Portfolio through 06/2024

Jul 2024: Bear's Portfolio through 07/2024

Aug 2024: Bear's Portfolio through 08/2024

Sep 2024: Bear's Portfolio through 09/2024

67 Likes

Hi Bear,
Thanks. As always, an interesting read. I am curious, why aren’t you including your allocations in your write up these days?

Best,
bulwnkl

6 Likes

Hi Bear. Looking back it looks like you say you trimmed AXON in August, but it appears you held none in Sept? Without opening any wounds I wonder if you could tell me what was your move there?
Also even tho I trimmed today above $550 my thinking is that it has more growth potential now than it did before Nov. 5th? Thoughts? Tim.

11 Likes