HohumYNWA Q1 2022

  1. Continued investments in the Shipping basket. In particular, FLNG (more than doubled FLNG stake in seven weeks) and ZIM. Then trimmed each,
    FLNG post div date, ZIM prior to ex-date. Not all glitter, some ugliness detailed below. Shipping basket now 17.55% of port.

  2. Some shipping ideas continued their surprises with dividend hikes: ZIM ($2.50 => $17), SBLK ($1.25 => $2), GOGL (80c => 90c), GNK (15c => 67c)

  3. Some monetizing opportunities in each of the accounts. Gains varied from ok (NMM (x2), DAC), fairly nice (DAC, NM, GSM (x2), DDOG, BHP) to
    great (ZIM, PHUN, BRK-B)

  4. Realized some losses too - AMRS, APPN, MRNA, UPST, DDOG, OP (spin-off shipping idea, terrible mgmt behavior) , TMC (wash), APWC (wash), AEHR

  5. ETF changes: 2 BDRY (dry bulk shipping ETF) nibbles, 2 ARKF nibbles, 1 QQQ nibble, 1 VHT nibble. ETF now 5.68% (Plan: 9.5-10%)

  6. Negative surprises: Abrupt pull-back - APPN, CRM, MRNA, TMC, IIVI, UPST

  7. Positive surprises: GLNG, ZIM (Q4 div announcement and subsequent price rise), FLNG, ABBV, GSM, NMM

The Top 10 holdings in the port per 3/31/22

  1. Atlantica Sustainable Infrastructure (AY) - Utility - 6.63%
  2. Icahn Partners (IEP) - Financial - 5.26%
  3. Golden Ocean (GOGL) - Shipping - 5.11%
  4. Qualcomm (QCOM) - Technology - 4.75%
  5. Verizon (VZ) - Technology - 4.41%
  6. Apple, Inc (AAPL) - Technology - 3.75%
  7. Berkshire Hathaway (BRK.B) - Financial - 3.66%
  8. Star Bulk Carriers - Shipping - 3.21%
  9. Flex LNG (FLNG) - Shipping - 3.19%
  10. Navios Maritime Partners (NMM) - Shipping - 2.89%

Tier 1: (1.09% - 2.46% positions)
VATE - 2.46%, ABEV - 2.00%, APWC - 1.78%, ZIM - 1.67%, PDT - 1.64%, MRNA - 1.47%, CPNG - 1.38%,
RA - 1.34%, ABBV - 1.32%, FLGT - 1.13%, PFE - 1.13%, BNS - 1.09%

Tier 2 and Tier 3: Lots of smaller bets, each less than 1%

Primary sectors: Financial, Shipping, & Technology, each between 16-20%

Result for Q1 2022: +2.39%

HohumYNWA

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