Konstantinos Kousouris @Le_kousou: "📊 Q1 2026 Portfolio Update..."

United Kingdom

📊 Q1 2026 Portfolio Update — What Happened, What's Next Q1 2026 tested everyone's patience. The S&P 500 closed the quarter in negative territory (~-5%), the Mag 7 dropped ~13%, and geopolitical noise dominated headlines. Meanwhile, the eToro Top 10 — an index tracking the average performance of the 10 most popular investors on eToro — returned just +0.8% this quarter. Οur portfolio on the other hand grew 3.6% in Q1 of 2026, but lets see what happened Here's how our portfolio is positioned and what's been happening across our key holdings 👇 🟣 $MSFT (Microsoft) (6.04% of portfolio) Microsoft delivered a monster fiscal Q1 — revenue hit $77.7B (+18% YoY), Azure grew 40%, and EPS came in at $4.13, crushing estimates. AI infrastructure is scaling hard. Cloud demand keeps compounding. This isn't hype — it's balance sheet reality. 🟣 $IPH.ASX (IPH Limited) (5.44%) IPH Limited remains our intellectual property play in Asia-Pacific. Patent filings continue to grow globally, and IPH's defensive business model with recurring revenue makes it a quiet compounder. Underappreciated. Exactly how I like it. 🟣 $TEP.PA (Teleperformance SE) (5.22%) Teleperformance is the most controversial position in the portfolio right now. The stock has been hammered — down ~46% over the past year — on AI disruption fears. P/E sits at ~5.9x with an 8.9% dividend yield. Morgan Stanley and Citi recently downgraded it, but Kepler maintains Buy. I see a deeply undervalued company trading at crisis-level multiples while still generating €10B+ in annual revenue. The AI narrative is overblown relative to the actual financials. 🟣 $V (Visa) (4.26%) Visa delivered a clean beat in fiscal Q1 — $10.9B revenue (+15% YoY), EPS of $3.17 vs $3.14 expected. Payments volume approaching $4 trillion. Tap-to-pay crossed 80% globally. They're also expanding into stablecoin settlement across 50+ countries. Visa isn't just a payments company — it's becoming the infrastructure layer of global money movement 🟣 $NU (Nu Holdings Ltd.) (3.69%) Nu Holdings keeps proving doubters wrong. 131M customers globally. Full-year 2025 revenue hit $16.3B (+45% YoY). Net income nearly $2.9B with a record 33% ROE. Morgan Stanley now sees a potential $100B valuation by year-end. UBS upgraded to Buy. This is what exponential growth looks like in fintech. 🟣 $BOE.ASX (Boss Energy Ltd) + $UEC (Uranium Energy Corp) (3.36% + 2.44% = 5.8% combined uranium exposure) Our uranium thesis is playing out. Nuclear energy is getting reclassified as "clean" by governments worldwide. Demand for uranium is structurally outpacing supply. Both Boss Energy (production ramping in Australia) and Uranium Energy Corp (US-focused, strategic domestic supply) are positioned for a multi-year bull cycle. This is a 3-5 year play. 🟣 $WISE.L (Wise Ltd) (3.22%) Wise reported Q3 underlying income of £424.4M (+21% YoY) and the stock surged on upbeat guidance — FY26 income growth expected around the middle of 15-20%. Cross-border volumes up 24%. And the big catalyst: a US dual listing expected in H1 2026. This opens Wise to a much broader investor base. 🟣 $BABA (Alibaba-ADR) (1.69%) Alibaba's Cloud Intelligence Group grew revenue 26% YoY. AI-related revenue maintained triple-digit growth for the 8th consecutive quarter. The strategic pivot toward AI infrastructure — including the partnership with SAP — is underestimated by Western investors. At current valuations, $BABA remains one of the most asymmetric risk/reward bets in global markets. 🟣 $NVDA (NVIDIA Corporation) (1.41%) NVIDIA posted record fiscal 2026 revenue of $215.9B (+65% YoY). Q4 alone was $68.1B. Data center revenue hit $62.3B. Sovereign AI business tripled to $30B+. The Q1 FY27 guidance of $78B crushed expectations 📈 About Our Performance & What Changed If you've been copying me for a while and haven't seen dramatic outperformance in recent months — here's why: In late February, I approximately quadrupled the capital in my eToro account. This caused a significant redistribution of the portfolio. What that means in practice: a large portion is currently sitting in cash while I systematically deploy it week by week This is actually an opportunity for new copiers. If you start copying now, you're entering at the initial investment phase — as positions are being built at current prices. The cash allocation will gradually decrease to ~20-25%, which is where I intend to maintain it long-term. That cash reserve isn't laziness — it's strategic. It gives us the firepower to act during the next crisis and capture new opportunities 🧭 Looking Ahead Q1 was turbulent. Markets are digesting geopolitical risks, oil price spikes, and the Mag 7 rotation. But the fundamental picture across our holdings is strong: ✅ AI infrastructure spending accelerating ✅ Fintech compounders ($NU, $WISE) growing 20%+ ✅ Undervalued European positions ($TEP.PA) at generational multiples ✅ Uranium as a structural energy theme ✅ Global diversification (US, Europe, Asia-Pacific, Australia) Patience is the strategy. Conviction backed by data is the edge Any questions? Drop them in the comments 👇 $OIL $GOLD $EURUSD @DimitrisGe

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

Very useful thanks!

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I need more details

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