Well, it has been a fantastic past 3 months for my portfolio over May, June and July. Year to date I am up 43%, and this is on top of the 70% I was up last year! So the last 18 months have been a massive boost to my portfolio to help me get a little closer to where I was back in Oct 21.
Obviously the thing to do in the future is to try to avoid the massive down years like in 2022. I now just need to achieve another 64% from here to get back to where I was 4 years ago. If I get a few more months like the last 3 have been then it may happen sooner than I had anticipated.
I also do not think that the market is frothy at the moment - and with the hyperscalers continuing to increase their Capex for AI, and with the great numbers coming out of my companies then I think that we are in a good place - but what do I know! I lost 65% of my entire portfolio in 2022! And I want to try to avoid that happening ever again.
My current porfolio is little changed over the past year - and my reasons for holding these great companies are the same as they were last month in my June portfolio review. But if anything my confindence is in them is even greater than it was - especially in Celestica after its absolutley fabulous earnings release earlier this week with a double beat and raise. It rose 20% the following day - and is still rising since - and this is justified in every way.
My current portfolio is then:
Nebius 34%
Applovin 18%
Celestica 15%
Nvidia 13%
Astera Labs 11%
Electro Optic Systems (EOS) 4%
Credo 4%
YTD return +43%
The only new company is a try out punt for me in an Australian company EOS. They specialise in technology for shooting down drones, and they have supplied Ukraine and other countries with such. To be honest I have not really researched them fully enough yet (so don’t ask me any questions about them please), but I read a couple of articles on Seeking Alpha that I liked so I htought I would put a small amount in there.
Only Celestica has reported so far and the tone of the call was extremely confident. They raised their guide for the next quarter and the full year. Their CCS segment (cloud and communications section which serves the AI sector by designing and producing hardware etc) is now 72% of their business and this was up 28% YoY.
They are still underalued I feel - even though they have returned to me nearly 300% over the past 18 months since I have held them. I bought them on the same day that I bought APP back at the start of 2024. That was a good day!
I am greatly looking forward to the Earnings of ALAB, APP, and of course my number 1 holding Nebius next week. And I expect all 3 of these great companies to surprise to the upside and to take my portolio into new heights.
Until then, thank you to Saul once again for this great board ( I do hope you are well Saul. We miss you on here), and thank you to all who contribute here. Wishing everyone a great Summer.
Jonathan