I said at the end of my portfolio update last month that I may not have time this month due to various holidays we have - but I’ve managed to squeeze in a bit of time to give a brief update as to where things stand now.
July was a really horrible month for my portfolio. In the month alone I was down 28.7% - in just one month. My new ATH had been reached at the end of June - but July was just a painful month to endure. However, as I reported in my update at the end of last month, I had taken out quite a bit of my Nebius stock in order to pay off the mortgage and had sold down quite a bit of my Australian anti-drone stock EOS in order to get a new car. I was really pleased I had done this considering the drop in July.
I think a lot of the drop in July was related to the meltdown of Leopold Aschenbrenner fund (which of course many other hedge funds had somehow known about before it happened and had already sold off their AI tech stocks). Aschenbrenner had held a lot of Nebius and Micron, amongst other things, and it turns out he had used a lot of leverage and was not hedged at all - which is a bit of irony (especially as his fund was called Situational Awareness fund!). But since his fund collapsed the market has been dramatically picking up again in August (more on that below). Of course other reasons for the drop in July were connected to the war, to the fears of raising interest rates, and to general FUD and profit taking. Needless to say I held through it all and even bought a bit more Nebius at 177.
Anyway here are my results YTD.
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2024 + 70%
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2025 + 117%
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2026 (monthly) (YTD)
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January -5.1% -5.1%
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February -4.1% -9%
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March -1.3% -10.2%
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April +33% +19.5%
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May +51% +80.3%
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June +12% +101.2%
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July -28.7% +43.6%
But as of today so far, Aug 4, my returns are much better and my YTD is now +64%.
At the end of June my Portfolio looked like this:
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Astera Labs (ALAB): 23%
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Nebius (NBIS): 21%
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AppLovin (APP): 19%
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Micron (MU):17%
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Celestica (CLS): 11%
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IREN (IREN): 8%
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Electro Optic Systems (EOS): 1%
Today my portfolio looks like this.
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Nebius (NBIS): 23%
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Astera Labs (ALAB): 21%
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AppLovin (APP): 17%
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Micron (MU):16%
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Celestica (CLS): 12%
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IREN (IREN): 9%
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Electro Optic Systems (EOS): 1%
So not a huge deal of change - but as you will see, and as I suspected would happen last month, Nebius has retaken the top spot for me (even after all of my profit taking on it back in June).
A number of my stocks are still way off their ATH’s - including Nebiuis which is down from $300 to currently around $224, but I am once again expecting great earnings reports from these companies that will propel their stock prices much higher still. I am still very happy with my holdings and consider them all to be really great companies and stock prospects.
The only company that has reported so far is Celestica - and they once again had an absolutely phenomenal ER - with a beat and raise across the board. Here are their key metrics from this report.
Total Revenue YoY (Oldest first) 21% → 28% →44%→53%→62%
Their CCS revenue (Cloud and communications segment which is now 81% of their total revenue) was even better: 27% → 43% →64%→76%→84%.
They have been profitable for many Q’s now and their free cash flow guide was raised from 500m to 600m - which is the highest it has ever been. On top of all this Rob Mionis, their CEO, said that their visibility into 2027 and beyond is greater than it has ever been which is why they have raised their guide to 65% YoY revenue growth on total revenue. There was much to like in this report - and I like the fact they are still not largely known by the market at large - so I feel there is still a lot of upside ahead. They are also not expensive at a P/S just above 2 and a fwd PEG of 0.5.
Wishing everyone a great August. I am off on the next holiday now - so unless anything major happens (in any of the ER coming up - ALAB tonight and APP tomorrow, then Nebius next week) I will sign off until next month.
Best,
Jonathan