Hi all,
Back again for my second ever portfolio review. You can read my first review here: Reddit - Please wait for verification
This month was another great month for me, up just a tick over 15% from where I ended in May, primarily driven by a surge in ALAB and a growing investment in SNDK.
As I mentioned in my first (May) review, my ranking system is constantly being tweaked. This month I added some criteria to the relative ranking, looking at a ranking of gross margins and a ranking of the ratio of market cap to revenue growth. Like many of my relative ranking criteria, MU and SNDK are near the top of both of these categories.
Activity this month:
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I trimmed ALAB, as they are actually my lowest relative ranked holding at this point, surprisingly being edged out by even RKLB (which is basically just a small trial position). Clearly the market is a big fan of what ALAB is doing, so I’m studying if I need to adjust my rankings to better capture that.
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I trimmed APP at around $595 and again at $563, since my ranking system said I was a bit too heavily weighted in that position. The positive is that sell point was 10%+ higher than when it is now, but of course with the decline in share price my ranking system says I’m now below target allocation. Oh well, at this point it’s a wait-and-see on whether I add more back or not. The struggle of trying to distribute across all positions!
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Similarly, I trimmed LITE at $1029 and at $874. My allocation system says this is still too large of a position, so I may look to trim further heading into July.
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I added to MU at $930, SNDK at $1650, and SIMO at $275. With MU’s superb earnings and the rise of all these chip stocks, I’m fairly pleased with the results.
I go into July with a reasonably balanced portfolio per my system, with biggest outliers being ALAB and LITE over allocated, and APP and NVDA under allocated. Barring some big news, I am taking a wait-and-see approach as we start to get into earnings late July / early August.
My portfolio as of June 30th:
