PERFORMANCE
MTD
Me: 3.78%
S&P 500: (4.76%)
8.54 points better
YTD
Me: 49.42%
S&P 500: 14.68%
34.74 points better
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(no decimal points)
Tier 1 (10-25%):
UPST - 18%
UPST - 18%
DDOG - 18%
CRWD - 11%
ZI - 10%
Tier 2 (5-9%):
FUBO - 6%
Tier 2 (5-9%):
FUBO - 6%
TWLO - 6%
Tier 3 (2-5%):
DOCS - 4%
MNDY - 3%
GLBE - 2%
Cash - 22%
10 positions, including cash
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ACTIONS FROM THIS PAST MONTH
Bought:
GLBE
MNDY
Added:
ZI
Trimmed:
UPST
UPST
Sold:
ASAN
DOCU
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GENERAL THOUGHTS
I've been so busy I haven't been able to give much thought to investing this past month. I'm waiting for the market to get really manic again, which I think will happen soon so I can deploy some cash.
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COMPANY OVERVIEWS
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NEW LINEUP GOING FORWARD
Same
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GENERAL THOUGHTS
I've been so busy I haven't been able to give much thought to investing this past month. I'm waiting for the market to get really manic again, which I think will happen soon so I can deploy some cash.
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COMPANY OVERVIEWS
UPST
I've trimmed it quite a bit, or it would have grown to something like 30% of the total portfolio. I haven't done a great job of trimming because I started trimming at around $200 and now the stock is at $300. And that also means that I will have to add back at some point.
But my plan is just to wait for the market to get really manic again, which happens about every six months, and then add back when it seems like it's really silly.
CRWD
I'll probably let Crowdstrike fall to below 10% or less of the portfolio. Their growth is now starting to slowdown and it's a $55 billion dollar company. So I think it's going to be hard for the stock to double or triple over the next 12 months.
ZI
I have a lot of confidence in ZI right now, as I think the YoY revenue will continue to show acceleration for the next few quarters. I'm going to probably build up the position more.
FUBO
I'm increasing my allocation to FUBO because I think the company has had two solid earnings reports yet the stock hasn't moved. If they have another strong quarter + issue strong guidance for Q4, I think the stock will follow.
TWLO
I'm unsure of what to do about Twilio. I think it's relatively "undervalued" for what it is, and so I'll give it another quartrer.
ASAN
I sold out of Asana simply because I don't think the stock price action is warranted given the company's results. It's growing nicely but has a negative 40% operating margin and I don't think it deserves to be one fo the most expensive stocks in the SAAS universe given that.
I also think that the owner of the company, who, at age 36, with a net worth of $17 billion, is the 107th wealthiest person in the world, is manipulating the stock price a bit.
ROKU
I also sold out of Roku simply because I think that their user growth slowing precedes the revenue growth slowing.
DOCU
I finally sold out of Docusign again, and won't reenter most likely. I never did well with Docu, but that's ok.
GLBE
I'm excited to learn more about Global E. It's a company with relatively lower margins, but the top line growth and TAM are exciting. I've currently only got a try-out position.
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NEW LINEUP GOING FORWARD
Same
