james22 Posted February 20 Share Posted February 20 23 minutes ago, WayWardCloud said: Would love to hear more about this! Check the MSTR thread. Since the Bitcoin ETFs approval, I've come around. Link to comment Share on other sites More sharing options...
CGJB Posted February 21 Share Posted February 21 9 hours ago, james22 said: 15% MSTR Mind sharing what your average cost is? Link to comment Share on other sites More sharing options...
james22 Posted February 21 Share Posted February 21 6 minutes ago, CGJB said: Mind sharing what your average cost is? $606 From $480 when swooned after the ETF launch to just recently at $700. Took me some time to get comfortable with the position sizing (I'd been uninterested in BTC before the ETF approval, and I'm somewhat risk-averse since retired). Just seems a pretty unique opportunity - not often a new asset class comes around. Still seems early enough to get in (before BTC hits its ATH). And it's unlikely the entry point will matter much in the long run anyway. BTC will most likely do either really, really well or really, really poorly. Link to comment Share on other sites More sharing options...
nsx5200 Posted March 6 Share Posted March 6 On 2/5/2024 at 10:19 AM, Spekulatius said: Should have monetized my “unique insight” better. Thought about buying some short dated puts but those things work maybe 1/3 or 1/4 times for me, so left it alone. I very much like the industrial gas business. It’s like having a small royalty on industrial growth Each semiconductor fab build in the US will consume technical gases as long as they operate. This is a structurally advantaged business because once a supply is locked in, the customers rarely switch and the suppliers are highly concentrated. (Air Liquide, Lind, APD, Nippon Sanso (Matheson in the US) ). Those business will grow for decades and likely more than the GDP. Do you have links/insight into what kind of process and gases are used in the semi manufacturing? It may be something I will need to ramp up on. TIA Link to comment Share on other sites More sharing options...
Spekulatius Posted March 6 Share Posted March 6 (edited) 11 hours ago, nsx5200 said: Do you have links/insight into what kind of process and gases are used in the semi manufacturing? It may be something I will need to ramp up on. TIA Mostly noble gases like Argon, Helium etc, then likely Nitrogen, some Hydrogen and gases used for reactive processes and doping (fluorides, boron and phosphor chemicals etc). I suppose. Every vacuum deposition and etch process needs technical gases. Edited March 6 by Spekulatius Link to comment Share on other sites More sharing options...
Ross812 Posted March 6 Share Posted March 6 On 1/2/2024 at 9:12 AM, Ross812 said: 26% FFH 9% BRK.B 9% $ 6% USB 5% LUV 5% NTDOY 5% HQI 4% ADSK 4% GOOGL 4% DFIN 4% MSGE ($30 CCs on full position) 4% CASH ($50 CCs on full position) 3% HUM 3% NNI 2% TOITF 2% CHDN 2% HSY 2% JCI 1-2% in tracking positions - BAC, ASHTY, LHX, META, CPNG calls, BABA, BABA calls Thought I'd check in on this: 26% 29% FFH 9% BRK.B 10% $ 6% USB ($44 to$50 calls on full position) 5% 6% LUV ($35 to$40 calls on full position) 3% 6% NNI (Adding) 5% NTDOY 5% HQI (Adding) 2% 4% HSY (Adding) 2% 4%TOITF 4% ADSK 4% GOOGL 4% DFIN 4% MSGE ($30 CCs on full position) 3% CASH ($50 CCs on full position) 3% HUM 2% CHDN 2% JCI 1-2% in tracking positions - BAC, ASHTY, LHX, META, CPNG calls, BABA, BABA calls Link to comment Share on other sites More sharing options...
Kazid Posted March 13 Share Posted March 13 41% JOE 38% BUR 21% FC Recently out of SWBI given its run over the run over the past 6 months and relative valuation...would renter in low teens. FRFHF, TRC & NC are on deck for me if 1 of my current holdings' stock price outpaced its fundamentals. Link to comment Share on other sites More sharing options...
valueventures Posted March 13 Share Posted March 13 2 hours ago, Kazid said: 41% JOE 38% BUR 21% FC Recently out of SWBI given its run over the run over the past 6 months and relative valuation...would renter in low teens. FRFHF, TRC & NC are on deck for me if 1 of my current holdings' stock price outpaced its fundamentals. 38% to BUR is impressive. I have a small position. Are you hoping for a quick flip from the YPF judgment or is this a longer-term holding for you? Link to comment Share on other sites More sharing options...
Kazid Posted March 13 Share Posted March 13 I've been in BUR since late 2021, but built my position substantially as it later traded in the single digit range, especially last March. BUR has a pretty wide range of value based on a number of factors (YPF outcome, meat company price fixing outcomes, and sustainability of economic profits), and I've adjusted that value as time has gone on, mostly upward as the YPF situation has skewed higher. Nah, I'm not trying to flip BUR related to the YPF judgement. So many things could happen here, but I'm not convinced we'll see anything definitive within a year or even two with YPF. With that said, if a favorable settlement was announced tomorrow and the stock went to $30 I'd likely trim...but I don't see that as very likely. It's a long-term holding to the extent it stays undervalued, but at present I consider it extremely cheap and trading close to or under liquidation value. If various factors play out favorably, it has the potential to generate very substantial returns from here, but it's hard to say given how many factors are involved. Along the way, it's very volatile and presents opportunities to trade around a bit, which has helped too. Long-winded way of saying probably long-term with some adds and trims along the way, unless the share price rockets. Link to comment Share on other sites More sharing options...
valueventures Posted March 17 Share Posted March 17 On 1/1/2024 at 8:20 PM, Xerxes said: Here is mine. I barely change much year over year. I don’t use any ETF or funds. Just direct equities. And don’t do trims and shavings. The first four cover 45% of the portfolio Asset managers: FFH/FIH 17% Berkshire 12% BN/BAM and subs. 8% Onex 7% Resources: Exxon. 6% Barrick. 3% Stelco. 2% Oxy. 1% Technology: Amazon. 8% Alphabet. 7% Mercadolibre. 4% IAC et al. 2.5% Operating businesses: Couche Tard. 5% RTX. 5% Walt Disney. 3.5% GM. 2.5% Bombardier. 2.5% Starbucks. 1% Curious what your thesis is on MELI and why it's in your tech exposure. Thanks! Link to comment Share on other sites More sharing options...
Xerxes Posted March 18 Share Posted March 18 23 hours ago, valueventures said: Curious what your thesis is on MELI and why it's in your tech exposure. Thanks! Hi Valueventures, To be perfectly frank, i don't follow Mercadolibre that closely. I figured that a management team that build up this juggernaut over 20 years spanning a dozen countries with different jurisdiction, inflation, and other country-specific challenges (a moat one might say) is far better equipped to re-invest that next $1 incremental of value than me going over their 10-K and pretending i understand. So it is on auto-pilot for me, I just lumped inside a technology bucket, but perhaps should be under "operating businesses". I agree that it is more than technology firm as it owns logistics, payment solutions etc. Walt Disney and RTX that I own are also technology companies with a focus in media and A&D. But I put them on operating businesses and not technology. For clarity, i don't target any specific % allocation to any bucket. It is all random. Link to comment Share on other sites More sharing options...
Charlie03 Posted June 14 Share Posted June 14 70% CSU 20 % DJCO 5% PNP.TO 5% LMN Link to comment Share on other sites More sharing options...
Spooky Posted June 14 Share Posted June 14 1 hour ago, Charlie03 said: 70% CSU 20 % DJCO 5% PNP.TO 5% LMN Are you Mark Leonard? Link to comment Share on other sites More sharing options...
Charlie03 Posted June 15 Share Posted June 15 no. Just a regular part-time investor from Denmark. My whole net worth is invested in these 4 companies. Link to comment Share on other sites More sharing options...
frommi Posted June 15 Share Posted June 15 32% Tobacco (10% BTI, 8% PM, 6% IMB, 5% MO, 3% STG) 25% REITs (5% EPRT, 5% BNL, 3-4% O,AMT,CCI,NXRT,AVB, MAA) 10% MDLZ 5% Evolution AB 8% NCAV Portfolio (KRON,SEER,RPID,AVIR,DSGN,HRBR,HURC,UUU) 9% Puts (7.5% DAX, 0.7% TSLA, 0.7% BA) 10% Cash Is somebody more defensive than me? Link to comment Share on other sites More sharing options...
coffeecaninvestor Posted June 15 Share Posted June 15 (edited) Over the past 2 years I have simplified my portfolios (just in case I die my wife will have a easier time figuring things out) I sold out of a lot of my individual stocks that were larger positions. I also took almost all my cash and parked it in index funds. My coffee can portfolio is my Roth IRA which means those positions are small since contributions are capped (I buy one new position per year). When I find a high conviction high return bet I plan to sell out of some of the index funds and purchase up to a 10% position, but so far I haven’t found much that meets both return and conviction criteria. 90% index funds 1% CI 1% LHX 1% IQV 1% CNI 1% MKL 1% VRSK 1% NNI 1% FRPH 1% OTCM 1% CACI Edited June 15 by coffeecaninvestor Typo Link to comment Share on other sites More sharing options...
Dinar Posted June 15 Share Posted June 15 Aimco (AIV) - 4.7% position Ashtead PLC - 4% position Vistry PLC - 3.9% position Caseys General Stores - 4.5% position Dior - 5% position Coca Cola Consolidated (COKE) - 4.5% position CRH - 8% position Fairfax International (FRFHF) - 9% position GE Aerospace - 4% position St JOE (joe) - 10.5% position KSB AG - 4% position L'Oreal - 5.5% position Monarch Cement - 4% position MSGE - 4% position New England Realty - 13% position Progressive Insurance (PGR) - 5% position Philip Morris International - 7% position Safran - 5% position Transdigm - 4.5% position Tel-Aviv Stock exchange = 9% position Yellow Corp = 1% position Link to comment Share on other sites More sharing options...
sleepydragon Posted June 15 Share Posted June 15 11 hours ago, coffeecaninvestor said: Over the past 2 years I have simplified my portfolios (just in case I die my wife will have a easier time figuring things out) I sold out of a lot of my individual stocks that were larger positions. I also took almost all my cash and parked it in index funds. My coffee can portfolio is my Roth IRA which means those positions are small since contributions are capped (I buy one new position per year). When I find a high conviction high return bet I plan to sell out of some of the index funds and purchase up to a 10% position, but so far I haven’t found much that meets both return and conviction criteria. 90% index funds 1% CI 1% LHX 1% IQV 1% CNI 1% MKL 1% VRSK 1% NNI 1% FRPH 1% OTCM 1% CACI 1 add per year — even S&P 500 has a dozen new adds per year I have started using the same coffee an strategy but is buying two names per weeks recently:) Link to comment Share on other sites More sharing options...
coffeecaninvestor Posted June 16 Share Posted June 16 27 minutes ago, sleepydragon said: 1 add per year — even S&P 500 has a dozen new adds per year I have started using the same coffee an strategy but is buying two names per weeks recently:) I had to buy a few positions in the first year as I reallocate the portfolio to equal weight. Honestly it’s pretty hard to not be more active. It’s a new skill to learn to sit on your ass and just watch the market. My circle of investing stocks also shrunk since I am typically either looking for 100 bagger type stocks or 100 year type businesses. That really limits my universe of investable stocks for the coffee can. Link to comment Share on other sites More sharing options...
WayWardCloud Posted June 16 Share Posted June 16 Thanks for sharing your process! Doesn't reallocating to equal weight go against ever getting a 100 bagger? Link to comment Share on other sites More sharing options...
Dave86ch Posted June 16 Share Posted June 16 Link to comment Share on other sites More sharing options...
coffeecaninvestor Posted June 16 Share Posted June 16 6 hours ago, WayWardCloud said: Thanks for sharing your process! Doesn't reallocating to equal weight go against ever getting a 100 bagger? I only reallocated once when I started this new approach. I didn’t have to but I just wanted each position to be equal to what my new contributions would be. I had a much more concentrated portfolio before a lot of it was in BRK and a couple others. I won’t rebalance from here on out I will let the winners run and losers fade away. Link to comment Share on other sites More sharing options...
WayWardCloud Posted June 16 Share Posted June 16 (edited) Gotcha! Makes sense Here is my boring portfolio by the way (whole net worth) 3.9% Alphabet (because AI) 47.2% VT (World Stocks ETF) 16.5% VTC (US Bonds ETF) 32.4% Condo in Paris (in the process of being sold) Edited June 16 by WayWardCloud Link to comment Share on other sites More sharing options...
valueventures Posted June 21 Share Posted June 21 (edited) While the core of my portfolio is passive (VOO), my active exposure includes the following (ordered from largest to smallest by current MV rather than cost basis): FFH.TO NVDA AMZN AAPL META NNI BRK KKR GRUSF SCR.TO GOOG JOE GLASF TVK.TO IWG Curious to hear thoughts - I'm a 30-year-old for reference. I'd prefer to have slightly less big tech exposure, but that's mostly a function of 1) significant appreciation and 2) the fact I own them in a taxable account and don't yet see a reason to incur a large cap gains tax. Thanks! Edited June 21 by valueventures Link to comment Share on other sites More sharing options...
Malmqky Posted June 21 Author Share Posted June 21 11 minutes ago, valueventures said: While the core of my portfolio is passive (VOO), my active exposure includes the following (ordered from largest to smallest by current MV rather than cost basis): FFH.TO NVDA AMZN AAPL META NNI BRK KKR GRUSF SCR.TO GOOG JOE GLASF TVK.TO IWG Curious to hear thoughts - I'm a 30-year-old for reference. I'd prefer to have slightly less big tech exposure, but that's mostly a function of 1) significant appreciation and 2) the fact I own them in a taxable account and don't yet see a reason to incur a large cap gains tax. Thanks! Looks a lot like the “CoFB portfolio” mixed with big tech What’s your cost basis for these out of curiosity? Link to comment Share on other sites More sharing options...
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