Monday, July 6, 2020

Portfolio update - 2020 May/June

My top (>2%) positions in no particular order: BRKB, FB, PSHZF, AAPL, EXXRF, GOOG,

Fixed income: 10%
Cash: 18%

Sectors (kinda): Insurance (BRK): 11%, Malone/media: 1%, Banks/financials: 7%, Stock funds: 7%, Cars: 0%, Oil: 1%, Medical/pharma: 1%, Tech: 28%, Various owner-operators (not included in other categories): 4%

New positions: AMSSY
Positions increased: CVS, VMW, FB, PSHZF

Positions reduced: STNE, NKLAW, AAPL, VVNTWS, JPM
Positions eliminated: IPGP, OXY bond, CMCSA, LVMUY, MKL

Flip-flop: LSXMA

As market rose, I have reduced or sold a number of positions.

Sold OXY bond on price rise.
Sold IPGP, MKL, CMCSA, LVMUY on unclear future returns and to raise cash.
Reduced STNE expecting bad results from the business. So far the stock has been rising from my sale price.
Reduced NKLAW and VVNTWS on huge runups.
Reduced AAPL position on share rise and less attractive valuation.
Reduced JPM on unclear effect of near-zero interest rates on bank profits. The stock is cheap though.

Bought AMSSY, CVS, VMW, FB, PSHZF at somewhat attractive valuations.

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