Jamie Leinhardt
๐Ÿ”ธ ๐— ๐—ข๐—ก๐—ง๐—›๐—Ÿ๐—ฌ ๐—จ๐—ฃ๐——๐—”๐—ง๐—˜ ๐Ÿ”ธ ๐— ๐—ผ๐—ป๐˜๐—ต ๐Ÿฎ๐Ÿฑ โ€“ ๐— ๐—ฎ๐˜† ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฏ ๐ŸŸข May Performance: a GAIN of 3.37% ๐ŸŸข Our portfolio increased by over 3% in May, significantly outperforming our benchmark, $SPX500 This was mainly due to our exposure to semiconductor stocks, most of which achieved double-digit gains during the month. The most impressive was Nvidia ($NVDA (NVIDIA Corporation)) which was already one of our largest positions before their massive rally. They were up 37% in May. Our other technology stocks also performed well, especially Fortinet ($FTNT (Fortinet Inc)) and Microsoft, both up over 7%. After a strong performance from our consumer stocks over the past couple of months, they became our weakest sector in May. Some of our larger holdings such as Hermes and LVMH suffered a decline, pulling back after their recent rallies. Our largest detractor was Swedish industrials company Nibe Industrier (NIBEB.ST) During the month I sold out of AMD, Google, IMCD and UnitedHealth I used the proceeds to initiate a new position in Schneider Electric ($SU.PA (Schneider Electric SE)) as well as topping up some of our existing positions. May performance: Performance of our portfolio: 3.37% ๐ŸŸข Performance of the ๐—ฆ&๐—ฃ ๐Ÿฑ๐Ÿฌ๐Ÿฌ: 0.25% ๐ŸŸข Performance of the ๐—ก๐—”๐—ฆ๐——๐—”๐—ค ๐Ÿญ๐Ÿฌ๐Ÿฌ: 7.61% ๐ŸŸข ๐—Ÿ๐—ฎ๐—ฟ๐—ด๐—ฒ๐˜€๐˜ ๐— ๐—ผ๐—ป๐˜๐—ต๐—น๐˜† ๐— ๐—ผ๐˜ƒ๐—ฒ๐—บ๐—ฒ๐—ป๐˜๐˜€: Top contributors: $NVDA, ASM.NV, SNPS, CDNS, $FTNT Top detractors: NIBEB.ST, $MC.PA (LVMH Moet Hennessy Louis Vuitton SA) Iโ€™ve included a chart displaying the current composition of the portfolio as at the end of 31st May 2023. The monthly factsheet is also available on my website: www.jamiemarc.com/factsheet.php Regards, Jamie
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