Last week I sold a small holding of Bandwidth to clear these out, and added to Zoom with the proceeds. The top four holdings remain unchanged and a few additions and reductions have affected positioning elsewhere.
These holdings now account for about 55% of the investments.
Consult investment professionals for investment advice – if they do not know anything about the top four or five stocks maybe it’s time to move on.
Within my top holdings there have been a few adjustments. Shopify was increased by a third, Fubo by 25%. Part of the cash came from a small reduction in Marvell – chosen because it was very close to a high when others were not.
Moving on to the smaller holdings, I took a profit on Veeva Systems which was not far from its all time high, added to Plug Power, and increased my 2% weight in Chinese vehicle manufacturer Xpeng to 3%. Chinese stocks have been very weak of late and Xpeng new car prices are often a third less than comparable Tesla models. Their P5 sedan appears to be politically correct as a family car. Their P7 was designed to compete with more sporty Tesla models.
None of the ten names have changed from last month but there are a few position changes due partly to additional purchases.
1 Roku 7.7%
2 AMD. 6.8%
3 Nvidia. 5.7%
4 Zoom. 5.4%
5 Marvell. 5.2%
6 Magnite. 4.6%
7 Voyager. 4.1%
8 FuboTV. 3.9%
9 Shopify. 3.8%
10. SOI.L. 3.7%
These holdings total 50.9% of the total portfolio investments. Small holdings are either waiting for additional purchases or earmarked for sale.
This is not investment advice. For that you need a registered/qualified professional adviser or broker.
Looking at the <> 1% holdings, thought it was time to bin Sofi and Tullow, so these two are gone. On the purchase side a 1% holding in Plug Power has been acquired – apparently hydrogen has become cheaper to produce.
Also acquired a 2% holding in an active ETF – Ark Genomic Revolution – a circa $10 billion portfolio run by Cathy Wood. Noticed two familiar names in the top ten holdings, but as for the remaining 90% of the fund I defer to Ms Wood’s research capabilities.