Interesting thanks Kevin.
Priceline is of particular interest and had some wild swings between 900-1400 last year.
I always wanted in but never got a good entry point <1000 and then airbnb came along and spooked me out of the idea. Fortunately in the meantime I held CTRP in China which has been a 3x for me.
On the current employer holding - that’s a pretty large risk to be placing your salary, employment career, pension etc into along with 25% of your equity savings plus another 9% of a former employer (not sure if it’s the same sector).
It’s not the highest I’ve heard of, (someone on UK fool boards before they closed them had 50% in their employer - or to be fair ex employer), still it’s pretty high.
When my options in my employer vested along with my direct stock holdings I sold out of all the options in 2-3 tranches as I wasn’t comfortable holding what was at it’s peak about 65-70% in my company. It funded my way into a Saul-like investment direction. As it happens in the end I might have performed slightly better holding on but I didn’t want to take that risk.
I’m probably down to about 10% of my portfolio in residual stock in my employer company which because it is in the UK brokerage I will push into dividend/yield income plays like BDCs REITs and MLPs. Although having said that I’m exiting the firm and don’t have pensions etc tied to it so my total risk now is minimal.
Ant