Jamie Leinhardt
๐— ๐—ผ๐—ป๐˜๐—ต ๐Ÿฎ๐Ÿฐ โ€“ ๐—”๐—ฝ๐—ฟ๐—ถ๐—น ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฏ Our portfolio declined by 1% in April, despite a small increase in our benchmark, $SPX500 This does follow on from an extremely strong outperformance in March for our stocks, so Iโ€™m not overly concerned about this monthโ€™s small underperformance. The performance of our underlying stocks was mixed. Microsoft and Hermes contributed the most positively in April, but unfortunately the gains from these were offset by our worst performing stocks, MSCI Inc and ASM International. I made some tweaks worth approximately 5% of the portfolio in April (detailed below). Our allocation to the semiconductor sector reduced slightly and our allocation to consumer stocks increased. Fortunately, most of the stocks where I have increased exposure have continued to perform well. Itโ€™s also positive that my eToro risk score has reduced, indicating that the portfolio has become less volatile. I sold out of the following stocks in their entirety: Old Dominion Freight Line (ODFL), Automatic Data Processing (ADP), Pool Corp (POOL) and Sartorius Stedim Biotech (DIM.PA) I also decreased exposure to ASML, Google (GOOG), and Diageo (DGE.L) I increased exposure to many of our holdings, most notably Nibe Industrier (NIBEB.ST), McDonalds (MCD), Motorola (MSI), Pepsi (PEP) and Novo Nordisk (NVO) April performance: Performance of our portfolio: -1.10% ๐Ÿ”ด Performance of the ๐—ฆ&๐—ฃ ๐Ÿฑ๐Ÿฌ๐Ÿฌ: 1.46% ๐ŸŸข Performance of the ๐—ก๐—”๐—ฆ๐——๐—”๐—ค ๐Ÿญ๐Ÿฌ๐Ÿฌ: 0.49% 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: $MSFT (Microsoft), $RMS.PA (Hermes International) Top detractors: $MSCI (MSCI Inc), $ASM.NV (ASM International NV) Iโ€™ve included a chart displaying the current composition of the portfolio as at the end of 30th April 2023. The monthly factsheet is also available on my website: www.jamiemarc.com/factsheet.php Regards, Jamie
Like CommentShare
1 reply
null
.