Loukenti Billa
Germany
5m
Another month is closing. Let's take a look. We are pretty much at the middle of the summer and as usual activity is less. June was a very weird month. It started with some positive days until Israel took us by surprise and attacked Iran. The markets obviously didn't like it and we entered a 12 dayspf selling pressure. Until US striked Iran's nuclear facilities and basically "instructed" both countries to stand down. After that we witnessed the S&P500.and the Nasdaq100 making New All Time Highs. This month including today's day finishes around +1% for us. Nothing special indeed but taking into account what we saw in that short period of time... its not that bad. We saw Tesla climbing after the launch of robotaxi even if its in trial mode for the moment. Tesla will tremendously grow their revenues in the upcoming years from their new robotsxi business as well their other plans. Something that will translate to bigger market cap. It just takes patient for us. We closed some positions though and these were 4 positions with small losses on HIMS. We did that exactly after the announcement from Novo Nordisk to terminate their collaboration. Although i believe long term in Hims, i wanted the dust to settle down and see if it something permanent and something that will.have a major affect. So to reduce a little bit my risk on the portfolio i reduced my total exposure. 2025 is being a hard year for with the first half giving us a +16% return. Its not something special in comparison to the previous 2 years but we keep outperforming the S&P500 which has returned 5.5% for the first half. Lets see what the second half will.bring us and more important if we will keep outperforming the s&p.
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