June was a bit up then a bit down. Overall, I ended up a tad higher than May. Not too bad considering the beating I took on Sentinel One at the beginning of the month!!
Sold a little of my Sentinel One position and put that mostly into Crowdstrike. Still debating what to do with the rest of it but it proved a smart decision to hold it in the immediate aftermath of the carnage that occurred after they reported.
The only other transaction I did was to open a tiny tiny position, less than 1% in Nvidia. I know I know… valuation and the run-up. I did this mostly to keep it on my radar. Likely to not hold on to it very long.
My Tesla position has continued to grow and is now up to 28% allocation. I don’t want to sell any and I don’t want it to be this outsized of a position. So far, I’m not selling any.
Snowflake - I’m more convinced than ever after Snowflake Summit of the long-term success of this position. The short-term may be bumpy but its another one that I feel doesn’t need to be micro-managed in the Q by Q game.
Databricks - Eager to invest in them as well. Like the hyperscalers, there will be multiple winners in the AI data game. I think the safest bets as winners are Snowflake & Databricks. If NVidia is able to stay ahead in chip quality and/or their software takes off, they very well are in that elite category as well. Tesla is the other one that I think will be an AI winner.