Portfolio Update 3/26/21 9PM
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 3/26/21. Change since 2/27/21 -9.7% YTD +8.5% VTI Monthly +3.2% YTD +6.1%
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 Monthly Current Previous Portfolio Cap (B) Price Change TCNNF 29.9 18.5 +11.4 5.8B +4.2 ZM 16.7 11.0 +5.7 94.0B -14.4 TDOC 13.3 12.1 +1.2 27.0B -12.0 DOCU 12.3 9.8 +2.5 38.6B -10.9 CRWD 12.1 8.7 +3.4 39.8B -17.7 DDOG 10.6 8.6 +2.0 24.6B -15.8 EXPI 0 15.3 -15.3 6.7B -20.6 NET 0 4.5 -4.5 GRWG 0 0.2 -0.2 CASH 5.2 11.2 -6.0
New positions since last portfolio update: None
Exited positions since last update: GRWG, NET (both less than 1 month), EXPI
Trades between 2/27-3/26 Bought: DDOG 77.42; 80.15 CRWD 177.89; 178.05; 201.80 DOCU 224.67; 196.00 TCNNF 48.04; 48.88; 48.04 TDOC 193.86; 182.5 ZM 355.99; 319.83; 311.09 Sold: EXPI 51.00; 52.08; 57.15; 52.99; 53.02 NET 63.92; 64.2 GRWG 58.98
Thoughts on trades and companies for the month.
Big move was liquidating +15% of portfolio from EXPI into other companies I own. I posted recently to why I got out. I also exited NET. Many posters here have written great reviews of the company and it is growing customers but just thought I could do better in the other companies I own. Additional I exited GRWG, it made me money and it is growing revenues rapidly but it is mostly on acquisitions. I do not see it as “special”. I decided to get out.
Not doing much better than the VTI which owns all stocks in the market, at least this year. TCNNF is saving my portfolio this year. EXPI helped this year returns as well. I have reinvested in many of the names that had good 2020 years. I will continue to invest in companies that are “winning”.
I do not like the large market cap of Zoom however I have sold AMZN, APPL, NFLX, ETC in past due to MC. I think I am going to try to be patient with Zoom. That being said I might sell the whole position on Monday. I am a wild card like that. I can change my mind on a dime.
I have a small cash position for my portfolio right now. If the market falls further next week I will most likely be at zero cash. I try to reinvest as market goes down every week until I am out of cash.
TCNNF number 1 position, overview of company can be found here https://discussion.fool.com/trulieve-update-34714389.aspx Just reported year end and Q4 earnings. 111% YOY revenue growth. 83 stores operating in six states (mostly FL). Projecting 850m for 2021 annual revenue or 63% YOY revenue growth.
ZM number 2 position , Got to say Saul’s 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.
TDOC number 3 position . Same position as last month. The fact that Cathy Wood keeps buying is reassuring. I have been and will be a customer in future. Just convenient to Zoom into doctor to get a script for sore throat, etc. They are biggest and have first mover advantage in space, which is a huge TAM.
DOCU is my 4th position. I cannot tell you how many business documents I have “docusigned” in the last two months, but probably at least 15-20. I usually do it while driving down the road (at stop light) going somewhere for business. It has transformed my business deals. Super convenient, which you can tell is a characteristic I look for in my companies.
CRWD is my 5th 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 6th 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.
I am down to six positions. During market down turns I tend to consolidate to less positions. Companies I believe in the most. I get rid of less conviction positions.
Percent gain/loss for company for month & year Feb% YTD% TCNNF +4.2 +48.7 EXPI -20.6 +51.7 GRWG +20.1 +36.2 NET -3.1 -5.7 ZM -14.4 -6.0 CRWD -17.7 -15.4 DOCU -10.9 -9.2 DDOG -15.8 -18.6 TDOC -12.0 -5.7
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).