April was a better month for my portfolio as almost all of my positions (except TTD which dropped slightly) moved up.
And the number of companies in my portfolio continues to shrink as cut ties with the last of my, already very small, Amazon position this month. I suspect it won’t be too long before I become a bit more diversified again, but for now, I have my investments where I’m comfortable with them and I take it one day at a time before shifting into something new.
As with all of my TMF posts, nothing that I post here is intended to be, or should be considered, investment advice. I post summaries of my investments and performance to help me think through and review how I manage my own portfolio and to participate in the great discussions on this board.
Here’s how things look cumulatively for 2025:
+3.1% YTD Jan
-17.9% YTD Feb
-31.2% YTD Mar
-26.3% YTD Apr
My portfolio is still very concentrated, particularly with an outsized large position in Tesla.
These were my positions at the end of last month, in March 3/31/25
Large/Oversized (TSLA) Tesla
Medium (MELI) MercadoLibre
Medium (TTD) The Trade Desk
Medium (CRSP) Crispr Theraputics
Small (AMZN) Amazon
and this is what it looks like now at the end of April 4/30/25:
Large/Oversized (TSLA) Tesla
Medium (MELI) MercadoLibre
Medium (CRSP) Crispr Theraputics
Small (TTD) The Trade Desk
It is a very concentrated portfolio, now down to only 4 companies which is small even for me, but as of right now I don’t have many other companies that I have a high level of confidence in to allocate investment funds towards.
Note that a portion of my holdings includes December 2026 (TTD and TSLA) and June and December 2027 (TSLA) LEAP call options.
I sold the last of my Amazon position and some more of my Trade Desk shares this month, primarily because I needed some funds for other uses so most of those proceeds were taken out of the portfolio permanently.
TTD is now my smallest position. Positive earnings reports recently from other advertising driven companies (Meta, Reddit etc) may have me kicking myself for not holding onto more Trade Desk shares, but that’s ok. I still hope they have a great quarter when announcing Q1 next week.
I continue to believe that, if Tesla can perform well and succeed with their newer business segments, that the company could be worth much more in the future than it is today. So I am comfortable allowing it to be an outsized large portion of my portfolio. The company continues to reiterate that their robotaxi service is going to launch (on a small scale initially) in Austin this summer.
Company Updates
Tesla
Tesla announced their earnings this month and they were essentially what I expected. We knew deliveries were going to be particularly low at least partially due to the switchover of their Model Y lines to the new Juniper model. A quarter from now, we’ll have a better idea whether brand reputation has been harmed like some outlets would suggest or not.
Big positives on the earnings call were the reiteration that they still expect the robotaxi service to launch next month in Austin TX. There will be a very small number of vehicles on day 1, mostly Model Y’s and Model 3’s (not cybercabs just yet), but if things go well, they should be able to expand pretty quickly.
They also reiterated that the companies new more affordable models will launch before the end of Q2. Given that we typically see videos of new models being tested on the road for weeks or months before launch, many people were becoming skeptical that Tesla would still have these new vehicles this quarter, or that maybe they would turn out to be just stripped down versions of Model Y’s and Model 3’s. However, some new images have been appearing online of what look kind of like two door Model Y’s, which, if they are one of the new lower priced vehicles, would be a more significant change than I had started to anticipate.
A few weeks from now, we should have a lot more information on both robotaxi and new vehicles. This summer may be a more active news period for Tesla than they have had in a while.
The biggest negative for me, during the earnings call is that CEO Elon Musk specified that they are aiming to manufacture 1 million optimus robots by either 2029 or 2030. That is a bit later and slower than I had anticipated. Maybe they are being more conservative than in the past until the tariff situation has more certainty, etc, but we shall see.
There is a great new update video on Tesla’s Semi truck progress by Dan Priestly during a presentation speech in Europe at IAA, which is available on youtube. The company’s Semi manufacturing facility in Nevada continues to make progress and they should be producing the trucks in volume in 2026. If they are at full volume throughout 2027, that would be 50,000 Semi’s built annually. They unveiled the locations of the first 46 public megacharging stations for Semis which are being added to the network. However, I do expect that most companies that invest in a fleet of Tesla Semi’s will also be privately installing their own megachargers at both ends of their most active shipping routes as well.
Lots of potential in the near future, but make no mistake, also lots of opportunities for poor execution to derail or significantly delay progress. I for one continue to believe the risk/reward is compelling if you are able to be a long term, multi year, holder from here.
The Trade Desk (TTD)…earnings this Thursday May 8th
We’ll learn a lot more about TTD’s performance this Thursday. Will be interesting to hear if they have been able to quickly readjust from some of the internal mistakes that CEO Jeff Green blamed for the weak results at the end of last year, or if it will be more of a struggle for longer. Although I don’t own nearly as much TTD as I used to, I still love the company and hope they gets things on the right track.
Mercadolibre (MELI) will also be releasing earnings this Thursday, May 8th, so that should be an exciting news day for my stocks.
Crispr (CRSP) does not provide as much advance notice of when their earnings will be released but they put out Q1 the first week of May last year, so we may hear from them as well in the coming days.
Stock Performance
Here is the year to date performance of each of my current holdings. Also note that, if I invest in new companies that I didn’t own at the beginning of the year, this will only show the performance since I purchased them (none yet in 2025):
| Dec 31 2024^ | Apr 30 2025 | YTD Gain | |
|---|---|---|---|
| TSLA | 403.84 | 282.16 | -30.1% |
| TTD | 117.53 | 53.63 | -54.4% |
| MELI | 1,700.44 | 2,330.85 | +37.1% |
| CRSP | 39.36 | 38.67 | -1.8% |
^ For any companies I did not own prior to 2025 (none so far), the “December 31st” numbers above are not their 12/31/24 prices, but the stock price of my initial, most significant purchases during 2025.
That’s it for this month.
Thanks as always to Saul and everyone else that makes this board so great!
-mekong