๐ธ ๐ ๐ข๐ก๐ง๐๐๐ฌ ๐จ๐ฃ๐๐๐ง๐ ๐ธ
๐ ๐ผ๐ป๐๐ต ๐ฏ๐ฎ โ ๐๐ฒ๐ฐ๐ฒ๐บ๐ฏ๐ฒ๐ฟ ๐ฎ๐ฌ๐ฎ๐ฏ
๐ข 2023 Performance: our portfolio up almost 32% ๐ข
The year ended strongly, with our portfolio up just over 3% in December. This underperformed the S&P 500 which gained 4.4% and the Nasdaq 100 which gained 5.5% during the month.
However, for the full year, our portfolio gained almost 32%, outperforming the S&P 500 (up 24% for the year) but underperforming the Nasdaq 100 (up an astounding 54% for the year). These gains were predominantly driven by a handful of large tech stocks โ see my commentary below.
December performance:
Performance of our portfolio: 3.13% ๐ข
Performance of the ๐ฆ&๐ฃ ๐ฑ๐ฌ๐ฌ: 4.42% ๐ข
Performance of the ๐ก๐๐ฆ๐๐๐ค ๐ญ๐ฌ๐ฌ: 5.51% ๐ข
๐๐ฎ๐ฟ๐ด๐ฒ๐๐ ๐ ๐ผ๐ป๐๐ต๐น๐ ๐ ๐ผ๐๐ฒ๐บ๐ฒ๐ป๐๐:
Top contributors: NVDA, FTNT, MSCI
Top detractors: SNPS, MSI, CROX
2023 commentary:
Big tech stocks largely fuelled the S&P 500โs performance in 2023.
Without the seven largest stocks - Apple Inc., Microsoft Corp., Amazon.com Inc., NVIDIA Corp., Alphabet Inc., Meta Platforms Inc. and Tesla Inc. โ the S&P 500 would have gained less than 6%.
Of the top seven stocks, Microsoft and Nvida are a large proportion of our portfolio with weights of 8.3% and 12.2% respectively. We donโt currently own the other five in our portfolio.
It will be interesting to see whether the largest stocks continue to outperform in 2024. I will not be changing my strategy: holding high quality stocks for the long term.
I hope everybody has a great new year, and our portfolio continues to perform well in 2024.
Iโve included a chart displaying the current composition of the portfolio as at the end of 31st December 2023.
The monthly factsheet is also available on my website: www.jamiemarc.com/factsheet.php
Regards,
Jamie
$AAPL (Apple), $AMZN (Amazon.com Inc), $GOOG (Alphabet), $META (Meta Platforms Inc), $TSLA (Tesla Motors, Inc.)... Show More
