Paarslaars

I believe Illumina will go up more stable now that they have shed GRAIL.

Traded my SAVE calls from January to March. If the judge rules today I'll be so pissed.

I have a small position betting on a few biotech companies as I expect the industry to do well with lower interest rates. PACB specifically dropped 18% yesterday on some preliminary earnings that seemed fine to me, full results will be reported tomorrow. I believe this was an overreaction and want to capitalize on this.

Some more Jan '26 17$ PACB calls.

Well that makes sense. APA was doing buybacks at a higher price and are now issues shares at a lower price... not exactly what shareholders like to see.

https://finance.yahoo.com/m/300b4510-1e31-3354-83b6-07aa27a91360/apa-to-buy-callon-petroleum.html Consolidation continues.

Personal portfolio (actively managed): FFH 15% JOE 15% Nintendo 15% OXY 10% Bitcoin 10% GXE 5% HTL 5% U.UN 5% PTSB 3% CKX 3% Fuji corp 3% And roughly 25% spread over various call options (BYON, SAVE, PRX, CPNG, UMI, ILMN, PACB). Should total to +/- 115% as I currently have 15% margin. Family portfolio (only make changes here once per year): 25% BRK 25% FFH 25% APO 25% KKR

Happy new year everyone, great returns for everyone but first and foremost good health for you and your family!

Expectations are nice and all but keep a close eye on CPI, Powell can change his mind quickly regarding those rate cuts.

I was thinking this was a great way to invest in Bitcoin with leverage by using options. Then I saw the option prices .

I don't think +18% is underperformance if you did not have any magnificent 7 in the portfolio.

Nice to hear! I also made that switch with regards to main positions, most of which are in the 10-25% range so basically 5 stocks. This allows me to manage my investments in combination with a full time job as I am not rich enough yet to quit my day job getting closer though.

Btw how did you? I believe most of your major positions went up a lot this year.

2013 8% 2014 25% 2015 -20% 2016 40% 2017 -26% 2018 -17% 2019 20% 2020 -5% 2021 47% 2022 -4% 2023 77% Pretty good year for me. Especially taking into account that at the start of 2023, my portfolio was 3x the size it was before due to adding cash coming from real estate. That makes this years 77% completely dwarf all the previous years in absolute terms and has had a big impact on my total net worth. Though in full disclosure, my total net worth is still only a small fraction of someone like @dealraker The good: Half of my returns this year came from a 450% gain on UBS calls --> this was a special situation that turned out perfectly as expected. The rest came from loading up on options in November (JOE +75%, SAVE +140%, BYON +250%). Couple of stocks also did well: Nintendo +20%, FFH +22%, Google +30%. The bad: MANU calls went to 0 CPNG calls down 40% GXE down 18% Overall I guess what I got right this year was position sizing, especially being able to concentrate and average down in high conviction ideas. Now let's hope I don't screw this up next year.

Dec '25 30€

I folded and bought some Prosus calls.

Slowly reducing my august JOE calls. Loaded up on these 2 months ago, already up 100% and now the biggest position in my portfolio... Bit more than I am comfortable with.

Surely you also did not possess the same competence to achieve that conviction 15 years ago? I've not once had that conviction in any stock other than UBS this year and BRK <1.3 BV.

Sold crypto ETN (automatic forced selling, apparently no longer legal to offer this in Belgium?)

I agree, it's like META a year ago... except for the political risk which kinda makes it a gamble. I want to buy too but so far I have been able to hold myself back.

You guys have FOMO problems.

Same here:

Not disagreeing here for the long term. I just believe Illumina will rerate now that the dead weight is gone.

Going with Illumina & Pacific Bioscience. Pacbio bit of a gamble, Illumina seems like a sure thing now that they got rid of GRAIL dragging them down.

Yeah loved that one, I sold out at 23.5CHF as I had the 20CHF options that blew up to 35% of the portfolio. Made half of my returns this year solely on that trade. Other than that I ended up doing amazingly well not picking any losers this year (other than Manu & CPNG calls). Used the pessisme of okt/nov to load up on a bunch of calls (JOE, BYON, SAVE, UMI) that all turned out well (2-3x). Only big mistake I made was my premature ejaculation problem. Blew all my UBS winnings immediately beginning of September. If I had waited 2 months I could have bought everything much cheaper. Really need to take a page out of @Parsad's book to hold my cash a bit longer.