๐ธ ๐ ๐ข๐ก๐ง๐๐๐ฌ ๐จ๐ฃ๐๐๐ง๐ ๐ธ
Our portfolio is up over 30% so far in 2024, significantly outperforming the S&P 500 (up around 15%) and the Nasdaq 100 (up around 20%)
As I havenโt done a monthly update since March, here is how our portfolio performed over the past few months:
๐ด April 2024 โ Portfolio down 5.3%
๐ข May 2024 โ Portfolio up 8.4%
๐ข June 2024 โ Portfolio up 6.8%
Our outperformance in June was primarily driven by Nvidia ($NVDA (NVIDIA Corporation)), which was up over 12% and now accounts for 23.5% of our portfolio.
Microsoft ($MSFT (Microsoft)) also performed strongly, up 8%, and makes up just over 10% of our portfolio.
Our consumer stocks detracted from our performance in June, with LโOreal, Hermes ($RMS.PA (Hermes International)) and Costco ($COST (Costco Wholesale Corp)) all down during the month.
I decided to sell LโOreal and used the proceeds to top-up Cyberark ($CYBR (CyberArk)) a cybersecurity company.
I will continue to run a highly concentrated portfolio, investing heavily in the highest quality companies possible. I currently have 15 holdings. The top 5 account for 57% of the total, and the top 10 are 85% 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.
๐๐ฎ๐ฟ๐ด๐ฒ๐๐ ๐ ๐ผ๐ป๐๐ต๐น๐ ๐ ๐ผ๐๐ฒ๐บ๐ฒ๐ป๐๐:
Top contributors: $NVDA, $MSFT, CDNS, FICO
Top detractors: OR.PA, $RMS.PA, MSCI, $COST
Iโve included a chart displaying the current composition of the portfolio as at the end of 30th June 2024.
Regards,
Jamie... Show More
