JamieMarc @JamieMarc: "🔸 𝗠𝗢𝗡𝗧𝗛𝗟𝗬 𝗨𝗣𝗗𝗔𝗧𝗘 🔸 𝗠𝗼𝗻𝘁𝗵 𝟯𝟬..."

United Kingdom

🔸 𝗠𝗢𝗡𝗧𝗛𝗟𝗬 𝗨𝗣𝗗𝗔𝗧𝗘 🔸 𝗠𝗼𝗻𝘁𝗵 𝟯𝟬 – 𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝟮𝟬𝟮𝟯 Our portfolio declined 1.8% in October, but we outperformed our benchmark, the S&P 500 which fell 2.2%, and the Nasdaq 100 which fell 2.1%. Looking more globally, in Europe stock markets fell quite significantly in October. France’s CAC 40 fell 3.5%, Germany’s DAX fell 3.7% and the UK’s FTSE 100 fell 3.8%. With this context, and given that almost 20% of our portfolio is invested in French companies, I’m quite pleased with our October performance. I made a few changes to the portfolio in October, the most material being the sale of Schneider Electric (SU.PA) and Thermo Fisher (TMO), and the subsequent purchase of two new holdings, L’Oreal ($OR.PA (LOreal SA)) and Safran ($SAF.PA (SAFRAN)). I also topped up our holding in Microsoft, which performed well this month. Our largest detractor was $NVDA (NVIDIA Corporation), which is our largest position and fell just over 6% in October, and $MSCI (MSCI Inc), which lost 8% during the month. Our largest contributors were $MSFT (Microsoft) and $NVO (Novo-Nordisk A/S SPONS ADR), two other large positions, both gaining just over 6% in October. October performance: Performance of our portfolio: -1.83% 🔴 Performance of the 𝗦&𝗣 𝟱𝟬𝟬: -2.20% 🔴 Performance of the 𝗡𝗔𝗦𝗗𝗔𝗤 𝟭𝟬𝟬: -2.08% 🔴 𝗟𝗮𝗿𝗴𝗲𝘀𝘁 𝗠𝗼𝗻𝘁𝗵𝗹𝘆 𝗠𝗼𝘃𝗲𝗺𝗲𝗻𝘁𝘀: Top contributors: $MSFT, $NVO Top detractors: $NVDA, $MSCI I’ve included a chart displaying the current composition of the portfolio as at the end of 31st October 2023. The monthly factsheet is also available on my website: www.jamiemarc.com/factsheet.php Regards, Jamie

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MSCI

MSCI Inc

MSFT

Microsoft

NVO