My 2020 Portfolio Performance YTD as of
Jan +23.79% Feb +26.86% Mar +10.12% Apr +31.49%
My Current Allocations
Ticker Curr% Buy/S Mo Ch YTD Ch AYX 23.0% 6% 18.9% 13.1% CRWD 18.2% 7% 21.5% 35.7% ESTC 13.8% 13% 14.9% -0.2% ROKU 12.3% NEW 38.6% -9.5% ZM 10.5% 30% -7.5% 98.7% PINS 6.7% 8% 33.8% 10.8% SMAR 2.5% -67% 27.0% 17.4% DDOG 2.2% -50% 25.4% 19.4% options 0.9% cash 10.0%
January - PINS
February - none
March - OKTA
April - ROKU
January - none
February - HUBS
March - SQ, LVGO, MDB
April - OKTA
Why I did what I did this month
ROKU - Here are a couple of my posts from the thread where I became convinced and bought Roku:
I’ve added several times this month and it’s grown into a large position. I think Roku is one of the companies that will actually benefit from the world staying at home. The spike they might get from this will be temporary, but the long term trends continue in their favor, as they had been doing before all this.
OKTA - I mainly sold OKTA (a small position) because at around $150 it is at a PS of 30+, and to me no longer a bargain. It’s a fine stock to own in my opinion, and a great company, but I see companies I like just as much that are available at bargain prices.
ADDED TO or TRIMMED
I added a lot to Zoom, and I made smaller additions to AYX, CRWD, ESTC, and PINS. Those plus Roku are my 6 main positions.
I reduced SMAR and DDOG for the same reason as OKTA. Good companies, solid stocks, but I would rather look elsewhere for upside.
Everything besides Zoom was up double digits this month, including Roku and Pinterest shooting up more than 30% each. Holding just 8 stocks (and really concentrating into 6) hasn’t caused me any concern – quite the contrary, it seems lately that when one pulls back another takes off! I have made it a point to move into positions quickly (see Roku), because I don’t want to wait until after a big move. These are the companies I feel best about – I need to hold enough of each to move the needle.
I think these companies still have a lot of room to run in the quarters ahead, no matter what happens in the next days and weeks. I am thrilled to have found companies that can succeed whether we’re staying home or whether we’re able to go out again soon. I try to think even longer term as well, and I definitely feel like all likely futures point to success for these companies.
“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…
Jan 2020: https://discussion.fool.com/bear39s-portfolio-through-jan-2020-3…
Feb 2020: https://discussion.fool.com/bear39s-portfolio-through-feb-2020-3…
Mar 2020: https://discussion.fool.com/bear39s-portfolio-through-mar-2020-3…