๐ธ ๐ ๐ข๐ก๐ง๐๐๐ฌ ๐จ๐ฃ๐๐๐ง๐ ๐ธ
๐ ๐ผ๐ป๐๐ต ๐ฏ๐ฑ โ ๐ ๐ฎ๐ฟ๐ฐ๐ต ๐ฎ๐ฌ๐ฎ๐ฐ
๐ข PORTFOLIO UP 3.7% IN MARCH ๐ข
Our portfolio outperformed again in March with a gain of 3.7% vs. 3.1% for the S&P 500 and 1.2% for the Nasdaq 100.
Not all of our stocks performed well โ two of our consumer stocks performed poorly. elf Beauty was down 5.8% (but itโs gained 81% in the last 6 months, so a small pullback isnโt too worrying) and McDonaldโs declined 3.1% (itโs only up 9% in the last 6 months so is one of our poorer performers).
I try to minimise the amount of trading, so there were only a few changes in March. Buying and holding high quality companies means that portfolio turnover should be relatively low. I reduced Fortinet and LVMH, and increased Microsoft and Novo Nordisk.
Our best performer was Nvidia again, up 13.9% (itโs been our best performer for the past 5 months), and has become almost 19% of the portfolio. If it continues its outperformance, I may consider taking some profit, but I generally like to let our winners grow and cut our losers.
Motorola (up 7.5%) and Novo Nordisk (up 6.7%) also contributed significantly to Marchโs performance. Itโs worth mentioning Safran, one of our much smaller positions, was up 8.7%.
Our portfolio is very concentrated, with our top 10 holdings now worth 79.3% (previously 77.5%) of the total. This can lead to higher volatility in returns. Lower diversification is a higher risk strategy but can also lead to higher returns.
February performance:
Performance of our portfolio: 3.68% ๐ข
Performance of the ๐ฆ&๐ฃ ๐ฑ๐ฌ๐ฌ: 3.10% ๐ข
Performance of the ๐ก๐๐ฆ๐๐๐ค ๐ญ๐ฌ๐ฌ: 1.17% ๐ข
๐๐ฎ๐ฟ๐ด๐ฒ๐๐ ๐ ๐ผ๐ป๐๐ต๐น๐ ๐ ๐ผ๐๐ฒ๐บ๐ฒ๐ป๐๐:
Top contributors: $NVDA (NVIDIA Corporation), $NVO (Novo-Nordisk A/S SPONS ADR), $MSI (Motorola Solutions, Inc.)
Top detractors: $ELF (elf Beauty Inc), $MCD (McDonald's)
Iโve included a chart displaying the current composition of the portfolio as at the end of 31st March 2024.
The monthly factsheet is also available on my website: www.jamiemarc.com/factsheet.php
Regards,
Jamie... Show More
