Long time following the board, first time posting, so go easy on me. I plan to start posting monthly portfolio updates. Format may change, just figuring out how I want to do these. Going to keep this one short and sweet.
Current holdings:
NVDA – 19%
APP – 14%
ALAB – 12%
CRDO – 12%
ILLM – 9%
MELI – 8%
HIMS – 6%
RDDT – 5%
ZETA – 4%
TSM – 4%
SOFI – 3%
NU – 2%
SEZL – 2%
NVIDIA
Not much to be said about this one. Very profitable, growing like a weed and quite pricey (justifiably). No plans on trimming at this point.
APPLOVIN
Revenue growing 38.6% last quarter with a ~5% QoQ guide and great margins. I have been profit taking on this one a bit as the position grew bigger than I was comfortable with at its current valuation.
Astera Labs
Semiconductor manufacturer with insane revenue last quarter, a very high guide for next quarter (~17%QoQ) and good gross margins. Very expensive but if they can sustain even close to their current revenue growth, I imagine it will grow into valuation and with great gross margins there’s lots of room for net margins to increase. A newer position for me (last 3-6 months)
CREDO TECHNOLOGY
Connectivity solutions and data infrastructure company. Revenue increased 63.5% last quarter, and ridiculous guide of 74% next quarter (QoQ). Ridiculously expensive but good decent gross margins and if they can somehow keep this revenue growth up for a bit, I am hopeful they will grow into their valuation.
ILLUMIN
Formerly AcuityAds this company is shifting from managed-service advertising to its Illumin platform and has since changed its name as its platform is slowly taking over its revenue share. Last quarter revenue increased a modest 23% to 36.3 million. Self-service revenue rose 64% to 8.4 million, programmatic revenue grew 39% to 10.1 million and its managed service only grew 3% to 17.8 as they focus on the other 2 streams. Gross margins are only 47% but should increase as self-serve and programmatic continue to grow and company is still losing money. The company has a market cap of 120M, 51.4 million in cash and recently bought back over 4 million of its shares. Illumin does not release guidance and it a risky investment but with a p/s of 1, and ~42% of its market cap in cash I feel comfortable holding this amount hoping that it can become profitable again.
I have been adding.
MELI
Attractively price, Latin American e-commerce company growing fast and expanding into fintech. I feel like it’s a nice low risk company too balance out my portfolio a bit.
HIMS
Great revenue growth, great guide, reasonable price to sales with good margins. What’s not to like?
Another newer position for me after last earnings. Insane revenue growth, very healthy guide, amazing gross margins. Hoping last quarter was the beginning of Reddit really focusing on ramping up revenue and becoming more and more profitable.
ZETA
Marketing technology software company. Last quarter revenue increased 42% YoY and guided ~12% revenue grow QoQ for next quarter. Very attractive price after the short report. ZETA responded to the short report very quickly and convincingly, days later announced a 100 million stock repurchase program and leadership purchased ~3 million dollars of shares. I am hopeful there is a lot of upside at the current valuation.
TAIWAN SEMICONDUCTOR
Reasonably priced, grew revenue 36% last quarter and good margins. They guided for a revenue decrease next quarter so I am planning on selling in the coming days, so I won’t elaborate too much on this one.
SOFI
Failed SPAC, financial service platform which grew revenue a respectable 30.79% last quarter, is becoming more profitable every quarter and still sits at ~5.4 p/s so I started a small starter position, and it hasn’t disappointed yet. Very interested to see what it can do next quarter as they didn’t release guidance last quarter. There was a decent amount of insider buying last year which initially got me looking at SOFI.
NU HOLDINGS
Another Latin America fintech company everyone knows about. Cheap, good growth, good margins, and no guidance. Buffjan2 and Prust04 just posted on the board about expanding into US and moving domicile to UK and they reached 10M customers in Mexico doubling YoY. Planning to add to this name shortly.
SEZZLE
A buy now pay later company with financials too good to ignore. I do not understand the BNPL thing at all but growing 72% last quarter, guiding for 8% next quarter, P/S of 10, ~55% gross margins and ~25% net margins has earned it a spot in my portfolio for the time being.
I guess that’s it. Hopefully we have another great year.