Zechariah Bin Zheng @FundManagerZech: "🫀 Weekly Portfolio Heartbeat —..."

Australia

🫀 Weekly Portfolio Heartbeat — 13 May 2026 🔄 𝗪𝗵𝗮𝘁 𝗰𝗵𝗮𝗻𝗴𝗲𝗱 - $VTY.L (Vistry Group PLC) had a particularly negative announcement, which affected the position and broader portfolio performance. - The position remains under review within the existing framework. - No forced action is being taken at this stage. - $TEP.PA (Teleperformance SE) Teleperformance has continued to move in the right direction, reflecting some progress in positions already held. - No change has been made to the overall process. 🛡️ 𝗥𝗶𝘀𝗸 𝗽𝗼𝘀𝘁𝘂𝗿𝗲 - The broader market has continued to move higher, but participation has remained narrow and concentrated in areas where the portfolio currently has limited or no exposure. - This is acceptable within the framework. - 𝑻𝒉𝒆 𝒑𝒐𝒓𝒕𝒇𝒐𝒍𝒊𝒐 𝒊𝒔 𝒏𝒐𝒕 𝒅𝒆𝒔𝒊𝒈𝒏𝒆𝒅 𝒕𝒐 𝒄𝒉𝒂𝒔𝒆 𝒆𝒗𝒆𝒓𝒚 𝒓𝒂𝒍𝒍𝒚, 𝒆𝒔𝒑𝒆𝒄𝒊𝒂𝒍𝒍𝒚 𝒘𝒉𝒆𝒓𝒆 𝒗𝒂𝒍𝒖𝒂𝒕𝒊𝒐𝒏𝒔 𝒐𝒓 𝒔𝒆𝒄𝒕𝒐𝒓 𝒄𝒐𝒏𝒅𝒊𝒕𝒊𝒐𝒏𝒔 𝒅𝒐 𝒏𝒐𝒕 𝒎𝒆𝒆𝒕 𝒓𝒆𝒒𝒖𝒊𝒓𝒆𝒎𝒆𝒏𝒕𝒔. - Some current macro assumptions may prove wrong, and that is part of portfolio management. - Positioning will continue to be adjusted only when valuation, risk, and discipline align. - Risk remains managed through sizing, diversification, cash, and ongoing review. No new macro views.

Not investment advice. The author may have financial interests in the mentioned instruments.

2 Mentioned

VTY.L

Vistry Group PLC

TEP.PA

Teleperformance SE

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