June was another really good month!
After a roller coaster of a start to the year, I am finally right back at the all time high I reached in mid February before the downturn. My returns pale in comparison to several of you that are up 100%+ this year, congrats! But it’s hard to complain being up 40% in six months after I was up almost 60% last year. My $ dollar gains this year are now more than what they were last year, which feels pretty good.
End of Jan +15.5%
End of Feb + 7.0%
End of Mar -20.0%
End of Apr +0.6%
End of May +27.0%
End of Jun +40.0%
and here’s my allocation vs last month:
5/31/2020 6/30/2020
AYX 18.6% 19.8%
AMZN 18.8% 19.2%
MDB 19.0% 15.3%
NTNX 9.1% 11.3%
TTD 9.0% 11.3%
DDOG 5.4% 5.9%
DOCU 5.2% 3.6%
OKTA 3.8% 3.5%
KMI 4.3% 3.2%
CRWD 2.7% 3.1%
LVGO 2.0% 1.7%
ESTC 1.6% 1.6%
GH 0.6% 0.5%
(btw I discovered a small typo in last month’s May percentages, LVGO showed 3.6% when it should have been 2.0%, the others were correct so it was showing more than 100% total, which I caught when preparing June’s breakdown)
I’ll keep it brief this month:
Of my biggest holdings, TTD, AYX, and AMZN all had pretty significant upward moves this month, as I didn’t buy any more of any of those in June but they all make up an even bigger portion of my portfolio now. When I was adding to my Trade Desk stake in May, last month, around $300/share, I never expected that a month later it would shoot up above $400 so soon. Despite that, I’m contemplating buying more now, as Facebook’s loss will probably by TTD’s gain.
I sold some MDB at the end of May (as I noted last month the price was getting a bit “frothy”), and then sold some more in early June, which proved to be really good timing. I also sold most of my remaining DOCU call options in June. The last DOCU call I haven’t sold just yet is up more than +850% since I bought them in June of last year! I also trimmed a little of my LVGO this month.
Most all of the proceeds from this month’s sales went into NTNX and NTNX call options. I know, I know, you all think I’m crazy, or dumb, or both, but I took my own advice from last month’s writeup, and still feel it has the potential to be my best performing stock over the next year:
https://discussion.fool.com/mekong2239s-may-portfolio-update-345…
I also made one short term option bet playing ZM earnings last month which didn’t work out.
That’s about it. My favorite long term holdings, AYX, MDB, TTD, DDOG, I still expect to grow my portfolio for years to come. AMZN is still benefiting from, and capitalizing on, the stay-at-home situation, so still no need to sell any of those old, low cost, Amazon shares and realize lots of taxable gains, when I expect they will have a really strong second half of the year. I think it’s likely that the August earnings release is where the markets realize the true growth going on with NTNX that has been disguised by the revenue recognition rules and impact of their move to subscription revenue. And I’m happy holding small stakes in all of the other companies I own.
Everyone stay safe. I look forward to continued great discussions.
-mekong