I covered all my companies and earnings in detail in my May review, and I didn’t make many moves in June, so I’ll cover a couple things below my table per usual but keeping it brief. It was a good month. Although immediately in July I’ve seen a pullback, I’m happy with this year’s performance. For the last 3 years, this has been about the time when growth has dried up for the remainder of the year. We shall see if it’s different this time around.
I don’t always feel comfortable or experienced enough to comment on some of the lengthier and more intensive subjects on the board, but I found the breakdown of Saul’s methods really interesting. One of the points I thought was only briefly mentioned was that Saul kept pretty strict “confidence levels” and would trim his positions regularly if his companies grew too large for his liking. At least he did since I started following the board closely. So in that sense, he did mitigate risk some, hedge against valuation and against price appreciation, through a wiser method.
I’ve tried to do the same with my portfolio over the past few years. Big bets have helped fund exploratory positions that have since worked out and themselves been trimmed to fund more. Unfortunately, I’m still over-allocated in AI so any rebalancing I’ve done doesn’t buy me much in terms of risk mitigation, but I’m working on that. Very slowly, it seems.
My year looks like this:
JAN: -7.02%
FEB: -14.81%
MAR: +1.57%
APR: +27.11%
MAY: +54.54%
JUN: +7.81
YTD: +71.63%
My portfolio looked like this as of June 30th:
MOVEMENTS:
ALAB:
Trimmed 3x as it kept growing over 20% of my portfolio. I primarily removed it from the market for personal reasons (World Cup games!) but also used it to fund…
ASTS:
Has gotten a bit beaten down with the complete nonsense of SpaceX but had a successful launch and seem to be back on the path to a strong growth trajectory.
SATL:
Shares some similarities to ASTS in that it’s a one of a kind satellite technology that is of interest to nations and private companies - in this case, high resolution geospatial mapping. Also starting from a small revenue base($6.3M last quarter) but gaining contracts. Lumpy growth but strong (80%YoY) and should continue provided launches go off without a hitch.