My 2019 Portfolio Performance YTD as of
Jan +22.48% Feb +33.46% Mar +38.27% Apr +46.86% May +43.50% Jun +58.27% Aug2 +65.38% Aug(31) +62.13% Sep +35.64% Oct +32.16%
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…
Jan 2019: https://discussion.fool.com/bear39s-portfolio-through-jan-2019-3…
Feb 2019: https://discussion.fool.com/bear39s-portfolio-through-feb-2019-3…
Mar 2019: https://discussion.fool.com/bear39s-portfolio-through-mar-2019-3…
Apr 2019: https://discussion.fool.com/bear39s-portfolio-through-apr-2019-3…
May 2019: https://discussion.fool.com/bear39s-portfolio-through-may-2019-3…
Jun 2019: https://discussion.fool.com/bear39s-portfolio-through-jun-2019-3…
Jul (Aug2) 2019:https://discussion.fool.com/bear39s-portfolio-through-aug2-2019-…
Aug 2019: https://discussion.fool.com/bear39s-portfolio-through-aug-2019-3…
Sep 2019: https://discussion.fool.com/bear39s-portfolio-through-sep-2019-3…
January - DOCU
February - SAIL
March - TTD (again), ESTC (again) and MDB (again)
April - None
May - SQ (again), ZS (again), EVBG, PLAN
Jun - CRWD, FSLY, WORK, TWOU
Jul - MDB (again)
Aug - PINS, OKTA
Sep - CRWD (again), DDOG
Oct - none
January - SHOP, SQ
February - WIX, MDB
March - PSTG, ZS
April - None
May - SAIL, ZEN, NEWR, OKTA
Jun - MDB, ARNA
Jul - None
Aug - EVBG, CRWD, FSLY, PLAN, TWOU
Sep - SQ, TDOC, DOCU
Oct - TTD, OKTA, TWLO
My Current Allocations
Ticker Curr% Buy/S Mo Ch YTD Ch AYX 20.3% 188% -14.8% 53.9% SMAR 14.5% 9% 9.4% 58.5% MDB 13.8% -7% 6.1% 52.6% ESTC 13.3% 33% -12.5% 0.7% CRWD 9.2% 71% -14.4% #DIV/0! ZS 8.8% 30% -6.9% 12.2% DDOG 4.1% 300% -0.9% #DIV/0! PINS 3.9% 0% -5.0% #DIV/0! options 3.8% cash 8.3%
WHY I DID WHAT I DID THIS MONTH
No new buys in October
TWLO - Yep. They really had an awful quarter: https://discussion.fool.com/i-have-now-sold-all-my-twilio-one-of…
TTD and OKTA. Selling TTD was entirely opportunity-based. I simply had some things that were down big that I wanted to add to. Sort of the same with OKTA, although I don’t see why it deserves to be valued 25% or 30% higher than my others.
Added to or Trimmed
Shuffled a little money between SMAR and MDB, but nothing significant
Added a TON to AYX. It finally hit lows below $90 this month (down from highs near $150 just a couple months ago) and I just took advantage. This is definitely the position I’ve added to most lately. I’ve been sold on the company’s future for well over a year…maybe going on 2 years now. The only thing that’s made me trim in the past has been valuation. What an awesome opportunity to again make this a top position.
Added to ESTC opportunistically a couple times. I don’t see any signs they’re slowing down, and the valuation is nice and bargainy.
Added a lot to CRWD as it was down as much as anything this month. The reasons? FUD and rumors.
Added to ZS - Seems like peak negativity. This one isn’t my favorite of ours and will never be among my top positions, but it does have a lot of positives: a balance of growth and profitability, SaaS model, and a lot of buy-in from big companies in the industry, and influential persons.
Quadrupled my DDOG position. Still not very familiar with them yet, but I wanted to take at least a small position while I had the chance.
ROKU – I just don’t get it
COUP – seems overvalued
ZM – seems overvalued
OKTA – seems overvalued
TTD – no particular reason. I’ll probably get back in.
FSLY – need to see more customer adds
I’m always learning how short my memory can be. Many times this month I’ve had to remind myself of the last Q results my companies reported. Just seeing stocks fall can make a person feel differently about the businesses. I’ve tried to fight those feelings.
It’s nice to see the up days, and it’s nice to have made a little money back. It’s nice to feel less poor. But it’s also nice to see these companies as no longer overvalued…perhaps even showing some room to grow for the first time in a while.
I’m down to 8 companies, and though I haven’t looked into it yet, if the PINS quarter is as bad as the market’s reaction, I may be down to 7 soon. I’d love to find more, but I’m convinced these are the best.
Good luck to all in November, and have a happy Halloween!
“I guarantee nothing but hard work.” - Bear Bryant, Alabama Football Coach, 1958 - 1982
“A man’s gotta know his limitations.” - Dirty Harry
“If you must tell me your opinions, tell me what you believe in. I have plenty of doubts of my own.” attributed to Goethe (but not sourced)
“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
“exponential compounded growth does not fit the analytical backward looking skill sets of most Wall street analysts” - mauser96
“I presume the thing is to ride the momentum for the short squeeze and exit fast with enough money for a few months supply of whisky before everyone realises it’s a value trap.” - Strelna