Damien Albin Douarre @Lyssky: "𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐔𝐩𝐝𝐚𝐭𝐞 📈 As every Friday,..."

France

𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐔𝐩𝐝𝐚𝐭𝐞 📈 As every Friday, we review portfolio adjustments. This week, the spotlight is on a reinforced position in $RMS.PA (Hermes International) which I opened using part of the capital from last week’s sale of $CROX (Crocs Inc): 🟢 𝗡𝗲𝘄 𝗯𝘂𝘆 : $RMS.PA 0.50% of the portfolio’s equity @ €1553.00 As mentioned in Wednesday’s post, the stock experienced a sharp pullback following the release of its Q1 results. That drop had nothing to do with operational weakness—it was purely driven by short-term financial noise. That kind of dislocation creates opportunity. I stepped in at the session lows and doubled the size of my planned reinforcement. Since then, markets have started to stabilize and sentiment is normalizing. On top of that, geopolitical tensions have eased, with Iran announcing the effective reopening of the Strait of Hormuz. The result: Hermès has surged, recovering almost the entirety of its weekly losses. This is exactly the kind of environment where long-term performance is built: buying exceptional businesses when fear is at its peak and when there is a clear historical undervaluation. The position initiated just two days ago is now 𝘀𝗵𝗼𝘄𝗶𝗻𝗴 𝗮𝗻 𝘂𝗻𝗿𝗲𝗮𝗹𝗶𝘇𝗲𝗱 𝗴𝗮𝗶𝗻 𝗼𝗳 𝗻𝗲𝗮𝗿𝗹𝘆 𝟭𝟰%. That said, the goal here isn’t short-term trading. It’s about building conviction positions and scaling in when the market offers irrational pricing. This week’s entry will likely stand out both for me and for my copiers as one of the most efficient entry points into this company for the coming years. Of course, no business is immune to risk, no matter how strong its fundamentals. Hermès is no exception. But at this stage, my view remains unchanged: the sector still has significant runway ahead, and any future wave of panic will be treated as another opportunity to build exposure. Following these adjustments, cash holdings are now at 14.51% of the portfolio. Cheers 🥂 D.A.D $SPX500 $NSDQ100 $FRA40 𝘋𝘪𝘴𝘤𝘭𝘢𝘪𝘮𝘦𝘳: 𝘛𝘩𝘪𝘴 𝘱𝘰𝘴𝘵 𝘳𝘦𝘧𝘭𝘦𝘤𝘵𝘴 𝘮𝘺 𝘱𝘦𝘳𝘴𝘰𝘯𝘢𝘭 𝘰𝘱𝘪𝘯𝘪𝘰𝘯𝘴 𝘢𝘯𝘥 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘥𝘦𝘤𝘪𝘴𝘪𝘰𝘯𝘴. 𝘐𝘵 𝘪𝘴 𝘯𝘰𝘵 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘐𝘯𝘷𝘦𝘴𝘵𝘪𝘯𝘨 𝘪𝘯𝘷𝘰𝘭𝘷𝘦𝘴 𝘳𝘪𝘴𝘬, 𝘢𝘯𝘥 𝘱𝘢𝘴𝘵 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦 𝘪𝘴 𝘯𝘰𝘵 𝘪𝘯𝘥𝘪𝘤𝘢𝘵𝘪𝘷𝘦 𝘰𝘧 𝘧𝘶𝘵𝘶𝘳𝘦 𝘳𝘦𝘴𝘶𝘭𝘵𝘴

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