My number of positions has shrunk, which means the percent of my total in each has grown, and which means, in turn, that I’d like to buy some new positions. Being retired, and not having any source of significant income besides my investments, when I want to buy something new I have to take a look at what I have and decide what position I might like to reduce or sell out of.
When I recently did that, I realized that when I look at my current positions, I can’t find any significant position I’m unhappy with and want to reduce or replace. That’s a good place to be (and pretty rare for me) – happy with all my positions. So this is probably a good time to discuss my portfolio.
First there are my big four positions, unchanged from the last few times: Ubiquiti, Synaptics, Bofi and Celgene. These four positions and high conviction, keep doing what they are supposed to do, and just seem to keep melting upwards. Let’s look at them.
UBNT – I first bought it a year ago at $31.75, and in 6 months it was up 76% to $56. I added small amounts all the way up to $51+. Then it hit that inventory issue when they built inventory to reduce delivery time, and the stock fell all the way back down. I bought a little on the way down and a lot at $31.50. It closed at $44.30 Friday so it’s up 40.6% from that recent purchase and up 39.5% from my initial purchase a year ago.
SYNA – I first bought a year and 4 months ago at $42, and kept buying as it fell off to $35. It went pretty much straight up from there to about $93 a month and a half ago (up 121% from my initial buys and up 166% from my lowest buy). I added on the way up too, especially between $57 and $65. It’s now at about $80, up 90.5% from my initial buy.
BOFI – I started buying this almost two years ago at $28. It went almost straight up for the next year and 4 months to a high of $106, and then sold off to $70 on short attacks. It’s now at $77.70, up 177% from my first buys. I bought a bunch more on the pullback, between $84 and $70.
CELG – I bought first a year and a half ago at $53.50. It’s now up 72% at another new high of $92. I most recently added at $69 on a dip from the previous high.
On all these four I’ve kept adding when I was moved to do so, on the way up, and on dips.
Then we have Zillow and Sketchers.
I most recently went back into Z about six months ago at $77 to $83. It hit $160 three weeks ago, and is now at $149, up 93.5% from my lowest buy. I bought all the way up, but less as the price advanced. Highest buy was recently at $141.
I tried interesting people on this board in SKX when I got into it 12 weeks ago at $47, and then down to $45. (“Why would you buy UA when you can buy SKX so much cheaper? And growing faster!”). It’s now at $58.75, up 30.5% in 12 weeks from my low buys. Channel checks indicate that their sales are up over 40% year over year this summer and that’s about as good as it gets in retail. My most recent big buy was at $54 when this news was made public.
Now I’ll hit the rest of the significant positions in order of position size:
SZYM – You know the story. No profits yet but they are doing everything right.
PFIE - I first bought at $3.30 but my average price is probably about $4.20. Up 38% in the past three weeks after an irrational sell-off.
JCOM – I’ve been in this about 5 months. A bit slower than the others but I like it.
AIOCF – I started buying at $18.75 less than three months ago. It got as high as $23.70 and as low as $16.65! Now at $18.10. Rapid growth in security camera systems.
SWKS – Think IOT and connectivity. I like it a lot. Bought 2 weeks ago at $52. Now at $55.
WAB – An old favorite of mine. Bought a year and 8 months ago at $44. Now up 91% at $84. The only stock on any US exchange up for each of the past 13 years. Only 121 posts on the entire MF SA board for this stock years after it was recommended. How wonderful!
AMBA – supplies chips to GoPro and security cameras. I bought a year and a half ago at $13. It’s now at almost $32! That’s up 146%.
AEYE – Been discussed a lot. We’ll see how it plays out
ULTI – Lots of renewable income but high PE. I bought two weeks ago at about $133. Now at about $146.
PRLB – A new small position about 3-4 weeks old. Down since I bought it.
Hope you’ve found it interesting.