Eduard Torruella @EduRoig: "February Portfolio Update One of the..."

Spain

February Portfolio Update One of the most notable developments this year has been the growing divergence between the S&P 500 and the Equal Weight S&P 500. This divergence reached one of the widest levels in recent years, with the traditional S&P 500 underperforming its equal-weighted counterpart. Last year, I initiated exposure to the equal-weighted index, after nearly a year of patience, this positioning is now beginning to show results, validating the thesis that market breadth matters, especially when leadership becomes too narrow. Reducing $BTC exposure above the $ 100K level has also proven to be a good decision so far. I am currently waiting for more attractive re-entry levels before increasing exposure again. No rush, patience remains key. Over a longer-term horizon, I’m pleased to see that the portfolio continues to show strong relative performance. (Outperforming $BTC and $SP500 in a 5y horizon) Maintaining discipline, diversification, and tactical positioning has allowed us to navigate different environments effectively over time. During February, I reduced the cash position after identifying new opportunities in the market. I plan to deposit approximately 15% of the current portfolio size, which will be deployed in a similar exposure to current allocation. Copiers will receive the usual notification, and you can choose either to deposit more to maintain the same exposure or simply wait for the automatic rebalance. If opportunities continue to improve, the plan is: ➡️ Increase individual stock exposure ➡️ Gradually reduce ETF weighting Last year, ETF exposure was increased due to limited attractive stock-specific opportunities. That environment now appears to be shifting. This year I also increased exposure to: • Energy ETF $XDW0.DE (Xtrackers MSCI World Energy UCITS ETF) • Emerging Markets ETF $84X0.DE (iShares MSCI EM ex China UCITS ETF) Both were introduced as tactical diversifiers and encouragingly, they are already beginning to contribute positively. More updates soon.

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

3 Mentioned

BTC

Bitcoin

XDW0.DE

Xtrackers MSCI World Energy UCITS ETF

84X0.DE

iShares MSCI EM ex China UCITS ETF

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