End of 2023 Portfolio

Summary of top 10 holdings of my portfolio

The following is a short post on the top 10 ranked holdings at the end of 2023. I also provide the year of acquisition - the year in which most of the shares were acquired. I may have trimmed some shares or accumulated more shares along the way.

The article constitutes my personal views and is for entertainment purposes only. The main goal of this article is to log my personal views. Nothing in this article or these posts in this blog should constitute an investment advice. The projections and estimates provided here should be considered as purely speculative. Do your own model and projections. Please refer to the disclaimer at the end of this article for more details.

It is my policy to not disclose below the top 10 positions. However, this is a highly concentrated portfolio as the top 10 positions represents 85% of our holdings at the end of 2023.

Our largest (and favorite) sector is the E-Commerce sector, followed by infrastructure and Consumer tech. Our oldest holding is Google purchased at the day of IPO. We initiated 2 new positions, Adyen and Richelieu hardware. We wrote extensively on those 2 names - 4 articles were written for each.

The best performer was Mercado Libre which rebounded from a death spiral in 2022. We purchased Mercado Libre during the lows of 2022.

Amazon also felt drastically in 2022 and rebounded nicely in 2023. We have have only marginally bought shares during these times - really not significant.

Logistec was the third best performer, with a 61% performance gain in 2023, as it is being taken out at 67$ - (January 2024).

The worst performer was HIFS. The bank is suffering from the rapid raise on interest rate.

The second worst performer was Adyen, where the price collapsed in the fall 2023. We increased significantly our position in the stock in the lows - it was a very small position in 2022, but still the stocks started the year at 1288 euros and finish the year at 1166 euros.

The third worst performer was Thermador which was slightly negative.

Our average holding time of the top 10 positions is 7.1 years. Long term holding of quality stocks purchased at attractive price is in my opinion the best approach to over-perform the market and delay capital gains.

Disclaimer: The above article constitutes my or the authors’ personal views and is for entertainment purposes only. It is not to be construed as financial advice in any shape or form. Please do your own research and seek your own advice from a qualified financial advisor. I / The authors may from time to time hold positions in the aforementioned stocks consistent with the views and opinions expressed in this article. The information provided in this article is not making promises, or guarantees regarding the accuracy of information supplied, nor that you guarantee for the completeness of the information here. The information in this article is opinion-based and that these opinions do not reflect the ideas, ideologies, or points of view of any organization the authors may be potentially affiliated with. The authors reserve the right to change the content of this blog or the above article. The performance represented is historical" and that "past performance is not a reliable indicator of future results and investors may not recover the full amount invested.