HohumYNWA's Q2 2024 results

Investment Analysis Clubs Hohum's RollerCoaster Ride
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Well Q2 2024 wrapped up on Friday 06/28/24.
Some changes at the end of the week that caused AY (in 9th spot) to drop out of Top 10. Sold some at the end of Qtr. During Q2, was building up a stake in NVDY in Roth ac. Then traded a NVDY slice in the taxable ac. As the quarter wore on, I decided that NVDY might work as an idea, if I kept it on a short leash. More NVDY in Roth ac, and restarted in taxable ac too. The combined moves allowed NVDY to bump AY out of the Top 10.

Even though trading pace slowed down, more cash was invested during Q2. Pleased with that development. And plan to keep at it, at least to about 10 - 12% cash.

Top 10

  1. QCOM 6.23%
  2. BRK-B 5.97%
  3. FLNG 5.66%
  4. AAPL 5.55%
  5. NVDA 4.56%
  6. FRO 3.78%
  7. BROS 3.62%
  8. TRMD 2.48%
  9. SE 2.39%
  10. NVDY 2.38%

Though QCOM is in the top spot, it had a much larger percentage earlier in June 2024. Shares have lost about 10% during the last month.

As noted elsewhere, shipping basket has been performing quite well. Top shipping pick, FLNG, has been a drag. With its high payout, it is only a slight drag. Just on unrealized gains, the shipping basket is ahead of the SPY. Thanks to QCOM, SE & NVDA, the tech selections have been good YTD. Though GSM is still in the port, I have realized nice gains on the sold position (slightly over 1/2 the stake).

For the first half of 2024, the self managed port has returned a little over 13%. For the same time-frame, that does trail SPY’s 14.50%. Yes, Nike (NKE) did implode on me during the last week. But, the NKE stake was less than 1% prior to the implosion. Though still positive, CELH has had a major pullback (from $90s - mid $50s)

IMO, the underperformance is likely due to having a large cash position. And I’m working to fix that concern

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I used to have a nice format previously. It covered items like income, major losers/laggards, major gains/winners.
A hastily assembled list
a. Income: Taxable ac has a dividend basket component. First half of 2024, reached 65% of target. Q2 was helped by late quarterly payments from TRMD, IEP (so 2 payouts each in Q2). For the Roth ac, the monster is NVDY. On a single payment date basis, the holding is FLNG (significant holdings in taxable and Roth acs). AY, FRO also decent
b. Losers: Initial VFS stakes, IEP, TSLA (Roth ac)
c. Winners: NVDA, LPG, GSM, GSL, ASYS, CLCO

Caught somewhere between b and c is “gains not realized” and the primary names there are CELH. To a lesser degree, AY, QCOM, LPG