Luca Meier @LucaMeier: "📊 Daily Portfolio Update Wednesday, June..."

Switzerland

📊 Daily Portfolio Update Wednesday, June 3, 2026 🌎 MACRO The Iran war escalated sharply today: Iran launched missiles at Kuwait and Bahrain, and ceasefire talks collapsed, sending $OIL prices higher and pushing European equity markets into the red. [1] The direct losers in the portfolio were the $GOLD miners as gold traded around $4,464 at the open, a level that still prices in persistent inflation but not a fresh war escalation premium. [2] The broader tech and growth names also sold off: $TEAM (Atlassian Corp PLC A) fell 5.6% in continued profit-taking after its post-earnings run, and $NEM.DE (Nemetschek SE) gave up 5.2% alongside the tech/SaaS sector retreat. 📈 PORTFOLIO $TIGR (UP Fintech Holding Limited) fell 6.6% today after Rosen Law Firm announced a securities class action investigation into the company, citing allegations that UP Fintech may have issued materially misleading business information to investors. The investigation is linked to a May 22 Reuters report on China's crackdown on cross-border securities brokers, which caused the stock to drop 25% on that date. The class action filing adds fresh legal overhang on top of the regulatory pressure. [4] 📋 TRADES Several new long positions were opened since the last report: $VET was opened on June 2 at $0.00551. VeChain is a supply chain and enterprise blockchain platform with meaningful real-world adoption in China and Europe. The entry is a speculative allocation at a level we find attractive relative to its historical range. $1530.HK (3SBio Inc) was opened on June 2 at HK$17.01. 3SBio is a leading Chinese biopharmaceutical company focused on oncology and nephrology. The position reflects our ongoing interest in quality Chinese healthcare names trading at depressed valuations. This is the reinvestment of the partial gains that were realized about 3/4 years ago, near the all-time highs. $LTC was opened on June 2 at $47.92. Litecoin is one of the oldest and most liquid cryptocurrencies, and this is a tactical long entry at a level that has historically represented strong support. A new position in $AVAX was opened on June 3 at $8.01, a tactical entry into one of the leading smart contract platforms at a level near multi-month lows. Nemetschek was opened today at €62.00. Nemetschek is a Munich-based software company serving the architecture, engineering, and construction sector. The company showcased AI-driven innovations at Digital Construction Week 2026 today and recently announced an Archicad–Autodesk Forma integration. With Q1 2026 revenue up 17% constant currency, this is a quality compounder we are initiating at a pullback. [5] SOURCES: [1] www.investors.com/news/oil-prices-us-iran-targets-kuwait-bahrain-halts-ceasefire-talks-sp-500/ [2] www.cnbc.com/amp/select/the-price-of-gold-today-june-3-2026/ [4] www.prnewswire.com/news-releases/rosen-law-firm-encourages-up-fintech-holding-limited-investors-to-inquire-about-securities-class-action-investigation--tigr-302789485.html [5] www.nemetschek.com/en/news-media/newsroom

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