Mehmet Yurtseven @HalalDividend: "Dear Copiers and Followers, This month,..."

United Kingdom

Dear Copiers and Followers, This month, I wrote several versions of this report, but in the end, I decided to skip the doomsday commentary and focus strictly on the portfolio. If there’s enough demand, I can always bring back my “we’re all doomed” edition next month and list the many reasons why keeping 10–20% cash on the side for a rainy day still makes sense. Now, back to the portfolio. With volatility picking up, a few of our holdings have been close to their risk limits. Here’s a quick overview and my plan for each in the coming months: $APD (Air Products & Chemicals Inc): After a ~22% drop over the past year and rising debt from green and blue hydrogen projects, we have passed the Shariah-compliance limit. The sector remains undervalued, mainly because it is not part of the AI narrative. I will continue to hold. If the debt ratio exceeds 40% (currently 32%) or the payout ratio rises above 75% (currently 59%), I will reevaluate. $GPC (Genuine Parts Co): I had hoped GPC would rebound and surprise the market, but it continues to lag behind competitors. I will be selling GPC soon and waiting for a good entry point in bigger competitors, O’Reilly or AutoZone. $LOW (Lowe's Companies Inc): We have seen this before... Lowe’s continues to lean on debt to fund growth. The market seems comfortable with it for now, but my patience is running out. If leverage doesn’t improve by the next earnings report, I will close the position. $MAA (Mid-America Apartment Communities Inc.): While debt remains stable, the underperformance in housing stocks has pushed MAA into non-compliance again. I am monitoring the ratio closely, it is still manageable for now. If it worsens, I will exit. The rest of the portfolio is still riding the AI wave. Let’s see where it takes us. Happy investing, Mehmet

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