Portfolio Update 4/30/21 4PM
It’s been a month since I posted my last portfolio update found here;
I have found doing these updates is helping me keep better records of my investing thought processes over time. Much like keeping a journal in life when you re-read in the future it helps you remember what your thoughts were at the time of writing. Hopefully others find this helpful as well.
Current Portfolio as of 4/30/21. Change since 3/26/21 +0.1% YTD +8.6% VTI Monthly +6.4% YTD +12.4%
I have decided to just benchmark versus the VTI which is Vanguard Total Stock Market Index Fund, which is probably what I would put my money into if I did not want to spend time researching stocks. VTI includes all 3600 stocks traded in market.
Stock % Portfolio % Portfolio % Change Market Current Previous Portfolio Cap (B) TCNNF 34.1 29.9 +4.2 4.9 ZM 3.9 16.7 -12.8 89.5 TDOC 13.4 13.3 +0.1 24.5 DOCU 14.1 12.3 +1.8 39.8 CRWD 14.7 12.1 +2.6 44.2 DDOG 13.0 10.6 +2.4 24.0 PINS 3.8 0 +3.8 40.6 CASH 3.0 5.2 -2.2
New positions since last portfolio update: PINS
Exited positions since last update: None
Trades between 3/26-4/30 Bought: PINS 4/29 66.65 TCNNF 4/20, 4/08 35.65, 41.05 DDOG 4/30 87.29 Sold: ZM 3/29 318.90 ZM 4/30 324.72
Thoughts on trades and companies for the month.
This has been an interesting year to say the least. At one point my portfolio was up +40% YTD and it is down quite a bit from that point.
VTI which owns all stocks in the market surpassed me this month. For one split second in Feb I thought about selling all my stock holdings and putting it into VTI. That would have been a good move. However just like many others I have learned you do not know when growth stocks may make a run and I really like the operating numbers for the companies I own.
Right after doing my last month write up, I read Saul’s monthly write up and his discussion on why he sold Zoom. Saul’s record on selling stocks is stellar, so I really pay attention to his thought processes on why he is selling. I sold some percentage of Zoom right after that and then recently sold some more after pondering for the month. I have a small percentage left which I most likely will sell.
Recently selling some Zoom has given me a small cash position right now. If the market falls further next week I will most likely be at zero cash. I was recently at zero cash position in this month.
TCNNF number 1 position, overview of company can be found here https://discussion.fool.com/trulieve-update-34714389.aspx Last earning report was Q4 earnings. 111% YOY revenue growth. 86 stores operating in six states (mostly FL). Projecting 850m for 2021 annual revenue or 63% YOY revenue growth. Reports Q1 results on 5/13.
ZM number 7 position , Got to say Saul’s March monthly review got me to thinking “has this become a story stock?” They have 3 billion in cash to acquire and “buy” growth but will they? Truth is management is solid, cash is solid, customer base is solid. Reminds me of SHOP. I think it will be longer term winner. I just foresee a much bigger Zoom, but it is a guess or a story. I still use Zoom for meetings and I absolutely hate using Teams or other platforms for a meeting. Zoom just works better and is more convenient. I have greatly reduced my holdings this month.
TDOC number 4th position . Same position as last month. Price has dropped significantly since beginning of year. Number of visits increased 56% to 3.2m. Number of consumers enrolled in more than one chronic car program tripled yoy. Adj EBITA up 430% y/y to 56.6m.
DOCU is my 3rd position. Billings growth around 56% but management guided conservatively 36% revenue growth. Signature and document market is big and they are a leader in the space. Super convenient, which is a characteristic I look for in my companies.
CRWD is my 2nd position. Still growing customer base. More needed than ever. I do not know much about the technology but I do realize that IT security is huge and will become even more important in the future. Got to like where Crowdstrike is positioned.
DDOG is my 4th position. Datadog and Crowdstrike are down the most this month and I have added to them both. I previously owned larger position of them both however during my first of the year review of my portfolio I realized their value was large. I trimmed and I am now buying back larger percentages. Nothing wrong with either business. I will not pretend to understand technology but lots of people willing to pay them for it.
PINS is my 6th position. All the great write ups on the board after they reported earnings got me to buy a starter position.
I currently am holding seven positions. I tend to range between 6-10 at any given time with 7-9 being the “norm”.
Percent gain/loss for company for month & year. Apr% YTD% TCNNF -14.6 +24.5 ZM +4.1 -4.8 CRWD +21.7 -0.1 DOCU +13.8 +1.0 DDOG +15.3 -9.8 TDOC -0.3 -14.5 PINS -1.7 +3.5 </Pre> As always any suggestions or questions on portfolio structure feel free to email me. Any questions on why I like or dislike certain companies post it to the board with exception of TCNNF (just email me on that one).