Share your Portfolio 2024

[Milu]

Meta 19%

Bitcoin 18%

Tesla 14%

Alphabet 12%

Nintendo 6%

Amazon 5.5%

LVMH 5.5%

Lululemon 4%

Dominos 3%

Ethereum 3%

Cash 11%

Edited September 15, 2025 by Milu

[Whensthepaintdry?]

BRK 39%
AMZN 12%
GOOGL 12%
FRFHF 12%
MKL 11%
JOE 3%
NNI 3%
BOC 2%
AAPL 2%
DJCO 2%
CROX 1%
LULU 1%

[thowed]

Interesting exercise in putting it out there - I hate this sort of thing.

 

Top 11 of my rather schizophrenic portfolio.  30 holdings total but working on weeding.

 

FFH 14%

Japan Funds 8%

TVK 7%

TPL 4%

LOTB 3.5%

SGN 3%

ZEG 3%

Vietnam Fund 3%

LB 2%

FICO 1.5%

RWWI 1.5%

[Marco Van Basten]

9 hours ago, villainx said:

 

Seems like 10-20% at cost can easily run and stay 40%+ at market for a long time.   Yeah the great ones can find a bunch of winners over time, but getting one or two right happens.  Wouldn't want to sell your winner just because it's 40%+ to water your weeds.  

 

 

Sure.  Sizing also depends on how difficult the business is to destroy or how leveraged the business is.  I would be fine having 50% of my portfolio in a company with thousands of gravel/crushed stone pits around the US that has no debt.  I would not be comfortable with a 50% stake in a company that is heavily leveraged and operates in one jurisdiction unless it is a monopoly and can move easily.  

[John Hjorth]

2 hours ago, thowed said:

Interesting exercise in putting it out there - I hate this sort of thing.

 

Top 11 of my rather schizophrenic portfolio.  30 holdings total but working on weeding.

 

FFH 14%

Japan Funds 8%

TVK 7%

TPL 4%

LOTB 3.5%

SGN 3%

ZEG 3%

Vietnam Fund 3%

LB 2%

FICO 1.5%

RWWI 1.5%

 

@thowed,

 

There is really no need of using this kind of adjectives like 'rather schizophrenic' about your own decisions, doings, modus operandi and portfolio allocations, because the only person who knows what is the right thing to do for you is ... you. 

 

- - - o 0 o - - -

 

You are the only person here on CofB&F with sufficient knowledge about your [very] personal and private situation, and to decide what you want to share about that.

Edited September 15, 2025 by John Hjorth

[Pellom]

My and my wife's IRAs, two UTMA brokerage accounts for our kids, and a couple of managed accounts for friends and family:

 

FFH - 19.9%

BRK.B - 16.3%

SGOV (I think of as cash) - 15.6%

NTDOY - 13.4%

MKL - 13%

KOF - 7.8%

GIL - 6.8%

GOOG - 5.8%

CROX - 1.4%

[nafregnum]

25% -- BRKB (bought 2015)

20% -- MU (Micron, bought 2016)

18% -- GLASF (Glass House Brands, bought 2023)

16% -- AAPL (bought 2016)

11% -- OBE (Obsidian Energy, bought 2021)

5% -- COST (bought 2016)

2% -- NTDOY (bought 2023)

2% -- TGT (bought 2017)

1% -- BKNG (bought 2022)

 

Biggest recent regrets: Not buying a lot more NTDOY in 2023, not selling out of OBE right after Russia invaded Ukraine, and buying only one share of TSM in January 2023 to "watch it" ... I should've just loaded up back then, as it hurts to look at that 1 share that is a 3-bagger now.

[gfp]

1 minute ago, nafregnum said:

and buying only one share of TSM in January 2023 to "watch it" ... I should've just loaded up back then, as it hurts to look at that 1 share that is a 3-bagger now.

 

Imagine how Warren Buffett feels!  Poor guy

[73 Reds]

1 hour ago, John Hjorth said:

 

@thowed,

 

There is really no need of using this kind of adjectives like 'rather schizophrenic' about your own decisions, doings, modus operandi and portfolio allocations, because the only person who knows what is the right thing to do for you is ... you. 

 

- - - o 0 o - - -

 

You are the only person here on CofB&F with sufficient knowledge about your [very] personal and private situation, and to decide what you want to share about that.

Precisely, John.  Whether you own 1 stock or 100, the only thing that matters is that you have an informed opinion of what you own and why.  If so, the only people who should be telling you what to do with your portfolio are qualified investment professionals if you choose to pay for such advice.

[thowed]

Thanks, @John Hjorth !

[valueventures]

19 hours ago, nafregnum said:

25% -- BRKB (bought 2015)

20% -- MU (Micron, bought 2016)

18% -- GLASF (Glass House Brands, bought 2023)

16% -- AAPL (bought 2016)

11% -- OBE (Obsidian Energy, bought 2021)

5% -- COST (bought 2016)

2% -- NTDOY (bought 2023)

2% -- TGT (bought 2017)

1% -- BKNG (bought 2022)

 

Biggest recent regrets: Not buying a lot more NTDOY in 2023, not selling out of OBE right after Russia invaded Ukraine, and buying only one share of TSM in January 2023 to "watch it" ... I should've just loaded up back then, as it hurts to look at that 1 share that is a 3-bagger now.

I'm long GLASF as well (~4-5% of my portfolio). How have you maintained comfort with your concentration level (not only given the somewhat speculative nature of the stock, but also in light of the recent raid)? Thanks!

[Saluki]

Alphabet Inc. (GOOG)	18.51%
Berkshire Hathaway Inc. (BRKB)	15.63%
Fairfax Financial Holdings Ltd. (FRFHF)	14.30%
Saint (The) Joe Co (JOE)	11.65%
Nintendo Ltd. ADR (NTDOY)	5.37%
Kraken Robotics Inc. (KRKNF)	5.38%
Meta Platforms Inc. (META)	4.50%
Coupang Inc. (CPNG)	4.47%
Fairfax India Holdings (FFXDF)	3.61%
Alphabet Inc. (GOOGL)	2.47%
PayPal Holdings Inc. (PYPL)	2.39%
British American Tobacco (BTI)	1.79%
Crocs Inc. (CROX)	1.76%
MSCI Inc. (MSCI)	1.71%
Enterprise Prdts Prtn LP (EPD)	1.44%
Venture Global Inc. (VG)	1.33%
Occidental Pete Corp (OXY)	0.75%
Table Trac Inc. (TBTC)	0.72%
Interactive Brokers (IBKR)	0.64%
FRP Holdings Inc. (FRPH)	0.49%
Philip Morris Intl Inc. (PM)	0.40%
Anterix Inc. (ATEX)	0.15%
Outdoor Holding Company (POWWP)	0.14%
Warrior Met Coal Inc. (HCC)	0.12%
Alpha Metallurgical Res (AMR)	0.09%
Fair Isaac Corporation (FICO)	0.07%
BYD Company Ltd (BYDDY)	0.07%
Smith & Wesson (SWBI)	0.04%

 

 

This doesn't include options or my work 401k. I don't know if I'd be comfortable holding GOOG if it grew past 25%, so I need to think about that "nice problem to have" if I get to that point. 

[LC]

Top 10-15 positions here, there are another ~30 positions which are all <1% which are mainly tracker positions or stuff I take a little gamble on to satisfy the trigger finger. The other managed accts are setup relatively similar just without most of the tracker positions

 

I call the below my "active" net worth, represents about 70% of my total NW...there are some real estate ,401ks, retirement products, trusts etc. which I have much less control over in terms of investment options, so I don't consider that here. Wherever possible that stuff is invested in the SP500, or the closest "large cap equity" fund that mimics the SP500.

 

Cash position has grown from 4% in May to about 11% here, looking to deploy that...

 

FRFHF	25%
TSE:FFH	12%
Cash USD	11%
TSE:ARE	10%
AEGXF	10%
Japan Basket	6%
MSGE	4%
RTO	3%
DFIN	3%
SPY	2%
CROX	2%
CPNG	1%
MGM	1%
LON:HSW	1%
CASH	1%
CLPR	1%
FRPH	1%
REGN	1%
STO:HAYPP	1%

Edited September 17, 2025 by LC

[Milu]

6 hours ago, Saluki said:

Alphabet Inc. (GOOG)	18.51%
Berkshire Hathaway Inc. (BRKB)	15.63%
Fairfax Financial Holdings Ltd. (FRFHF)	14.30%
Saint (The) Joe Co (JOE)	11.65%
Nintendo Ltd. ADR (NTDOY)	5.37%
Kraken Robotics Inc. (KRKNF)	5.38%
Meta Platforms Inc. (META)	4.50%
Coupang Inc. (CPNG)	4.47%
Fairfax India Holdings (FFXDF)	3.61%
Alphabet Inc. (GOOGL)	2.47%
PayPal Holdings Inc. (PYPL)	2.39%
British American Tobacco (BTI)	1.79%
Crocs Inc. (CROX)	1.76%
MSCI Inc. (MSCI)	1.71%
Enterprise Prdts Prtn LP (EPD)	1.44%
Venture Global Inc. (VG)	1.33%
Occidental Pete Corp (OXY)	0.75%
Table Trac Inc. (TBTC)	0.72%
Interactive Brokers (IBKR)	0.64%
FRP Holdings Inc. (FRPH)	0.49%
Philip Morris Intl Inc. (PM)	0.40%
Anterix Inc. (ATEX)	0.15%
Outdoor Holding Company (POWWP)	0.14%
Warrior Met Coal Inc. (HCC)	0.12%
Alpha Metallurgical Res (AMR)	0.09%
Fair Isaac Corporation (FICO)	0.07%
BYD Company Ltd (BYDDY)	0.07%
Smith & Wesson (SWBI)	0.04%

 

 

This doesn't include options or my work 401k. I don't know if I'd be comfortable holding GOOG if it grew past 25%, so I need to think about that "nice problem to have" if I get to that point. 

How does one end up with those small positions of 0.04% or 0.07%? You obviously know how to run a concentrated portfolio and are comfortable doing so based on the sizing of your largest positions so I don't see why you would hold all these meaningless sub 1% positions. Not trying to criticise, just curious to understand the rationale.

[thowed]

@Milu I think some people (myself included) sometimes like a small position as a tracker/try-out - it doesn't really make sense but it somehow focuses the mind when you own a tiny bit, to see if you want to own more, or not.

[Saluki]

On 9/16/2025 at 5:19 PM, thowed said:

@Milu I think some people (myself included) sometimes like a small position as a tracker/try-out - it doesn't really make sense but it somehow focuses the mind when you own a tiny bit, to see if you want to own more, or not.

 

I would say that is the reason most of the time. Sometimes it's schmuck insurance so that I don't kick myself when I don't buy a few shares while researching a company and it goes up 10x in a year like Amprius or Hydrograph. But most of the time I'm just researching, and if I didn't own a few shares I would probably forget it and move onto something else. 

 

A few times a company that I have been waiting to be "on sale" will have a big one day drop and rather going all in at once (which I have been burned on by buying a full position too early in a sell off), so I'll start buying slowly but it rebounds quickly. 

 

A couple of those names like TBTC or POWWP are very small or illiquid and I will just put a GTC limit order and get a small fill every few weeks or so. Once I got a notice that I got a fill of ONE share of POWWP . So it's hard for those to get big, and if it's got a big bid/ask spread I don't mind simultaneously having a big sell order for 20% above the current price in case some sloppy buyer comes along. 

[73 Reds]

On 9/15/2025 at 1:00 PM, 73 Reds said:

Precisely, John.  Whether you own 1 stock or 100, the only thing that matters is that you have an informed opinion of what you own and why.  If so, the only people who should be telling you what to do with your portfolio are qualified investment professionals if you choose to pay for such advice.

With more time on my hands lately and with some inspiration from @Dealraker and his trading of his own retirement account, I decided to conduct an experiment of sorts with my small retirement account.  For many years this account held some of the same stocks I own in taxable accounts, namely Berkshire, MSFT, AAPL along with a few tobacco companies and more recently Fairfax.  The account performed well and at the end of last year I bought a couple of new names with dividends that had been accumulating  - JOE and SWBI, which I've been gradually adding to.  In April I liquidated all but the new names in an attempt to see whether my trading skills had improved at all over what they were decades ago (not good).  I decided to pick a volatile stock worth owning on which options could be frequently traded.  Along came UNH.  I started selling weekly and/or bi-weekly puts on blocks of the stock in April and was assigned shares in May at the price $310.  At the time the price had dropped to the mid $200s after the news of various investigations were made public so it didn't look like my skills had improved at all.  Yet having stuck with it and selling covered calls at gradually higher prices, the trade looks to have turned out quite profitable.  As of this post, I have covered calls outstanding on all my shares at prices ranging from $327.50 to $332.50 which are due to expire today.  If all options expire, my profit will be approximately 16% over the course of 4 months.  Not earth-shattering by any means yet certainly acceptable - particularly given how poorly the position started out.  That said, I draw no conclusions from this "experiment" with respect to my trading skills but will probably repeat the process when another worthy stock looks appealing (or maybe even with UNH) simply because it is kind of fun.

[schin]

Deutsche Bank - 45% 

Commerzbank - 30%

St. Joe - 16%

CASH - 3%

Barclays - 3%

Coupang - 2%

Nubank - 1%

VIXY - Nominal

Jack In the Box Put - Nominal

[Marco Van Basten]

52 minutes ago, schin said:

Deutsche Bank - 45% 

Commerzbank - 30%

St. Joe - 16%

CASH - 3%

Barclays - 3%

Coupang - 2%

Nubank - 1%

VIXY - Nominal

Jack In the Box Put - Nominal

Unless your portfolio is a small fraction of your net worth, or you have a very stable job and the present value of future salary dwarfs your current portfolio, this allocation is very imprudent.  A bank is a black box, and given the leverage can blow up at any point, even JPM had the London whale.  To have 75% of the portfolio in two German banks is asking for trouble in my opinion.  

[schin]

8 hours ago, Marco Van Basten said:

Unless your portfolio is a small fraction of your net worth, or you have a very stable job and the present value of future salary dwarfs your current portfolio, this allocation is very imprudent.  A bank is a black box, and given the leverage can blow up at any point, even JPM had the London whale.  To have 75% of the portfolio in two German banks is asking for trouble in my opinion.  

 

@Marco Van Basten You can read my thoughts through multiple years on the DB and Commerzbank thread -- and how the investment thesis played out. It's not often that a G-SIFI is presented with a P/BV of .33 with heavy scrutiny from regulators in the largest economy in the EU. It's an asymmetric bet that played out. It's like Ericolopy's bet on BAC, which I was also in. 

 

You might get 1 great idea per decade ( 2-3 multi-bagger) per decade if you're lucky (a Nvidia/Tesla).  In this one case, I got two major opportunities post-GFC... where it was an easy fat pitch.  So, I did what Charlie mentioned when these market dislocations happen with companies are trading below book and also, at P/Es of 2-3.

 

"When it's raining gold, reach for a bucket, not a thimble"  This is what pays for the Per Se, bom, and Brooklyn Fare dinners in NYC from our other thread.

Edited September 22, 2025 by schin

[dpetrescu]

My portfolio as of now:

 

Main conviction……..64%

SSD……..54%
ADSK……10%
 

Other…….45%
BABA LEAPs 2026 & 2027

BAIDU LEAPs 2026 & 2027

Small JD LEAPs 2026 & 2027

Small PDD LEAPs 2026 & 2027

EL LEAPs 2027

Remaining position in BYDDF

 

Very volatile as one can imagine. It has been a great year, have gotten lucky. I typically just hold my top 2 positions for about 90% but the Chinese tech LEAPs have really taken off. TBD if this is like past temporary spikes or really setting new highs. I’m also running 10% leverage but only because I have a lot of options about to expire in a few months so will have a large cash position. I can’t tell if we’re in 1996 or 1999.

[thowed]

3 hours ago, dpetrescu said:

I can’t tell if we’re in 1996 or 1999.

 

Great line - and great source of frustration!

[73 Reds]

16 hours ago, Marco Van Basten said:

Unless your portfolio is a small fraction of your net worth, or you have a very stable job and the present value of future salary dwarfs your current portfolio, this allocation is very imprudent.  A bank is a black box, and given the leverage can blow up at any point, even JPM had the London whale.  To have 75% of the portfolio in two German banks is asking for trouble in my opinion.  

@Marco Van Basten assessing someone's portfolio as prudent or imprudent is really not fair.  What do you tell the entrepreneur or business owner who has 100% or more (with leverage) of their entire net worth tied up in their own business?

[coffeecaninvestor]

1 minute ago, 73 Reds said:

@Marco Van Basten assessing someone's portfolio as prudent or imprudent is really not fair.  What do you tell the entrepreneur or business owner who has 100% or more (with leverage) of their entire net worth tied up in their own business?

https://podcasts.apple.com/us/podcast/the-morgan-housel-podcast/id1675310669?i=1000726557635
 

really good podcast that addresses this that everyone should probably listen to before entering this thread 

[Spooky]

On 9/15/2025 at 3:37 AM, gfp said:

 

Oh come on give me a break.  There is nothing wrong with having 30-50% in one stock, especially Fairfax.  Grow a pair Dinar!  This board is filled with people over diversifying into 1% and .5% positions that will never make a difference in their track record or their financial position.  If you make a high conviction investment and it works out it will become a very large position.  How many Berkshire shareholders should have started selling in the 70's and 80's by your logic?  Keep an eye on what you own and make a change when you don't want to own it anymore.  Not because it got big through its own merits.

 

I routinely own 40% plus positions in single stocks.   Trust me it is better than owning 30 of your worst ideas.

 

100% agree. You need to concentrate in your best ideas. Obviously you need to pick companies which will survive so it changes how you look at your investments. As Warren Buffett once said: “Keep all your eggs in one basket, but watch that basket closely”