Another short missive with little detail on the companies… because most of you have heard it all before. Less reading! Bottom line, up 10.5% YTD… down from about 18.5% before the recent market volatility. No big deal.
Company Portfolio Share CRWD 27.1% (shares & calls) TDOC 11.9 (shares & calls) MGNI 10.4 (shares & calls) SE 10.2 (shares & calls) DDOG 8.6 (shares only) MELI 5.7 (shares & call) NET 4.2 (shares & calls) ROKU 4.0 (shares & calls) TTD 4.0 (shares only) FUBO 2.2 (shares only) OKTA 2.0 (shares only) SHOP 1.4 (shares only) FSLY 0.9 (shares only) STMP 0.6 (calls only) NARI 0.5 (shares only) AMZN 0.4 (shares only) Cash 5.9%
CRWD: Everyone knows this one.
TDOC: I sold about half my holdings… right before it recently popped up by 30%. LOL. I sold only shares, kept some shares and all calls. I really don’t know how well or “averagingly” it will do, but plan to watch quarterly earnings to either keep or trim. Who knows?
MGNI: Mostly June $12.50 calls, they are down substantially from the recent share price peak of $40. Based on widespread enthusiasm… and hopefulness on my part… I think it’ll be a lot higher by the end of the year (80?). Absolutely nothing worthwhile to back that up until the earnings report rolls in.
SE: This really is under appreciated with strong fintech growth. 90%-100% growth expected (by me) this year, copying the recent past, despite what I believe to be sandbagged guidance.
DDOG: Everyone knows this one.
MELI: Also under appreciated with strong fintech growth. I was all shares but added ONE call option. LOL. Sounds absurd perhaps, but call options are expensive.
NET: I decided Saul’s explanation was pretty convincing so I bought some shares and calls.
ROKU: Bought and sold some last year, bought back in again (at a much higher price) last year because performance of the company was impressive and they’re in the early stages of going international.
TTD: Approximately a 17 bagger for me currently. I think it’s overpriced for the short term but plan to continue holding due to it’s long term potential.
FUBO: If growth expectations materialize, this one is underpriced.
OKTA: Everyone knows this one.
SHOP: Recently bought it. Established a small position just because. Growth is stupid high, may be a good deal. (Can’t believe I’m saying that. LOL)
FSLY: I sold my calls quite a while ago. Still have some shares in a taxable account with a nice profit. Plan on holding at least to the one year mark. We’ll see if it’s worth holding longer.
STMP: I follow this company for the Fool. Management abandoned their business thesis of a special USPS relationship to pursue all shipping without the USPS fetters. I thought it highly risky and decided to stay away. Long story short, management was right! Growth has resumed, earnings are exploding, stock is undervalued (for now). 2020 PE (not PS) of 23, growth of 40%…for how long? I bought some calls to take advantage of the situation until tbd. Nice profit so far. I will continue to hold for now.
NARI: Certainly worthwhile for now. Ongoing monitoring like everything else of course.
AMZN: I bought this after it was a Fool 20-bagger. I’ve had a 10-bagger since then. Crazy, huh? I hold this small position because I expect continued growth… and a reminder that I can do just fine even when I buy too late.
Cash: A fairly large cash position because we spend a lot of money every year. I expect we’ll be selling a lot more stuff this year… and I’m STILL expecting the total portfolio value to rise 50% by year end… assuming no market repricing/downturn. But, as I often say on the boards… 80%-100% annual growth overcomes market downturns pretty decisively as time plays out.
Rule Breaker Home Fool & STMP/MTH Maintenance Coverage Fool
He is no fool who gives what he cannot keep to gain what he cannot lose.