PERFORMANCE
MTD
Me: 7.02%
S&P 500: 6.91%
0.11 points better
YTD
Me: 59.5%
S&P 500: 22.61%
36.89 points better
36.89 points better
*****
Tier 1 (10-25%):
21% - DDOG
21% - DDOG
19% - UPST
12% - ZI
11% - CRWD
Tier 2 (5-9%):
8% - FUBO
6% - MNDY
Tier 3 (2-5%):
4% - DOCS
4% - GLBE
16% - Cash
9 position including cash
*****
ACTIONS FROM THIS PAST MONTH
Added:
FUBO
Sold:
*****
GENERAL THOUGHTS
I've been underwater with tour and haven't had time for investing.
I sold Twilio after scanning their earnings release. The past two earnings I said "from a high level we can see that there is high revenue growth but no improving margins". And that was the case once again with this release. This time the market sold it off about 17% because on top of that they guided lower and had a management shakeup.
It's funny, because I wasn't able to give much thought to it. I was in the middle of four shows in a row and I just scanned straight to the numbers, input them on my spreadsheet and decided immediately that I was out. I gave myself no time to consider all the great opportunities ahead for Twilio. I was forced to just look at what they reported today. And based on that, I sold.
Lesson learned. Twilio is an incredible company and I'm sure anyone could do well by holding the stock for 3-5 years, but that doesn't work for a concentrated portfolio. So I'm out and unlikely to get back in. I managed to hold Twilio twice over two years and not get any appreciation from the stock. Oh well.
Datadog and Upstart have driven results this year but that was my plan a few months ago.
This month, I loaded up on Fubo when it hit $23 again taking it from a 2% allocation to over 8%. I just think that they've had two solid reports in a row with the stock going nowhere, and they will again. At some point the stock will follow company performance.
*****
NEW LINEUP GOING FORWARD
Same
*****
NEW LINEUP GOING FORWARD
Same
