Thibaud Rebour @PeakProfit: "Portfolio Update: Strategic Rebalancing &..."

France

Portfolio Update: Strategic Rebalancing & Market Outlook Dear followers and copiers, I wanted to share a comprehensive update regarding the portfolio. As some of you noticed, I significantly reorganized our holdings a few weeks ago. The goal was to adapt our exposure based on the market movements we have seen since the portfolio opened in April, ensuring we are positioned in assets that hold genuine potential for tomorrow. My investing philosophy remains strictly unchanged: global diversification, long-term capital growth, and reduced volatility. We are investing with "tomorrow" more in mind than "yesterday." Here is a breakdown of the recent changes and the rationale behind our current positions: ✅ Recent Winners & Strategic Rationale The portfolio was reshuffled to target firms that remain undervalued despite strong fundamentals. We are seeing this thesis play out well: • BNP Paribas ( $BNP.PA (BNP Paribas SA) ) This is a strategic bet on a European leader. Recently, BNP posted better-than-expected quarterly results, driven by a strong rebound in its investment banking business—particularly in fixed-income, currencies, and commodities trading. According to S&P Global analyses, BNP shows some of the highest implied upside potential among large European banks. With its share-buyback plans and attractive valuation, I consider this a high-conviction value play. • Alphabet / Google ( $GOOG (Alphabet) ) The market is recognizing the "more future than past" potential here. Google delivered strong earnings driven by Cloud and advertising growth. Crucially, its push into AI infrastructure—including its own TPU chips and Gemini models—is cementing its position as a global tech leader. I believe the stock remains undervalued relative to these long-term secular trends. • Akamai ( $AKAM (Akamai Technologies) ): We are also seeing a solid recovery here, validating our focus on critical digital infrastructure. 📉 Addressing the Challenges Investing is never a straight line. While we have strong momentum, we also face challenges, specifically with Fiserv $FISV (Fiserv Inc) . This position has suffered recently due to disappointing earnings results. However, looking deeper, I believe these turbulences are cyclical, not structural. At its current valuation, the stock appears oversold to me. I view this as a temporary setback, and I expect healthy progression as the company navigates this period. 🔭 The Road Ahead This recent reshuffling was about reinforcing our core philosophy: more quality, more conviction, and maintaining a portfolio designed to withstand volatility while capturing growth. Thank you for your continued trust. Thibaud Rebour

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