Share your Portfolio 2024

[moatrep]

Eft.to.     40%

Fairfax.    30%

 

Oxy.         7%

 

 

Bank of utica. 3%

Farmers & merchants bank 3%

PBF energy 3%

 

Gravity co 1%

Smith and wesson 1%

Cash

 

Edited March 29, 2025 by moatrep

[Milu]

2 hours ago, DooDiligence said:

 

[moved from what are you buying now]

 

BRK.B 21.6% / DPZ 9.6% / EW 13.7% / GOOGL 9.9% / NTDOY 23.9% / NVO 18.3%

 

Weights based on market prices 27 Mar 2025.

Debt free with cash reserves for 3-5 years expenses + generous travel.

 

Investable cash 3.1%

 

edit: cash reserves for expenses are not included in weighting percentages.

I may be an idiot for doing this but at least I'm a happy idiot.

 

another edit to include initial purchase dates, share add dates, and my stupid thesis for each:

 

BRK.B - 2016 & 2021 [CoBF'ers like this stonk and so do I]

DPZ - 2021 [I enjoy their cheap pizzas & the franchises cash flow out quickly]

EW - 2013 & 2022/23 [everyone has a heart except the tin man]

GOOGL - 2022 [it's a verb]

NTDOY - 2021 [see Crossroads Capital thesis]

NVO - 2016 & 2024/25 [people prosper & then eat too much]

 

May include slight inaccuracies on adds.

 

.

Nice portfolio, I hold Dominos, Nintendo and google too so we have some overlap. I also have a few years of expenses in cash but I count it as a position in my portfolio. 
 

Curious how long you have been investing and how you have performed returns wise?

[DooDiligence]

1 hour ago, LC said:

@DooDiligence Thanks you for moving the discussion. Have you thought about exchanging some berkshire to fairfax?

 

Otherwise I commend your portfolio. I find it difficult to ignore the siren's call for a lot of cheap-looking stuff, so I wind up with a portfolio with 5-10 core names + 30 tiny positions of stuff that "looks interesting"

 

Fairfax and Aecon making up 50-60% for me.

 

I looked at Fairfax and just found Berkshire easier to understand.

To be honest, I haven't spent a lot of time reading about Fairfax.

[John Hjorth]

1 minute ago, DooDiligence said:

I looked at Fairfax and just found Berkshire easier to understand.

To be honest, I haven't spent a lot of time reading about Fairfax.

 

Appeal is key! - -And it's also individual ... - Imagine a world where every person of a certain gender was attracted to only a small - same for all - part the other gender. Luckily, the world does not work that way.

[DooDiligence]

27 minutes ago, Milu said:

Nice portfolio, I hold Dominos, Nintendo and google too so we have some overlap. I also have a few years of expenses in cash but I count it as a position in my portfolio. 
 

Curious how long you have been investing and how you have performed returns wise?

 

I've been investing off and on since the 1990's. The off time was around 1999 when I quit working offshore to start a business, and all my cash went into that abysmal failure. I started back again after returning to the offshore industry around 2008.

 

Nothing that I did before coming to CoBF was a result of anything more than hot takes from ValueLine pages. I found this forum around 2010 or so and didn't understand most of what you guys were saying so I kept my mouth shut (probably should have maintained this discipline).

 

Fidelity says I did 24.8% in 2023, 12.1% in 2024 and 5.2% YTD. That's all the data I see, and to be fair I wasn't doing anything that resembles what I'm doing now. I've bought and sold a lot of things (some losses from mistakes and some lucky run ups). I've been intent on becoming less active in the markets and took last year (and the first part of this year) to pull weeds and water flowers. It's an unproven strategy so far.

 

Most posters who've tolerated me over the years will attest to the fact that I can be a dumbass.

 

edit: forgot to add. As to returns, I quit working in December of 2016 and my portfolio has continued to grow with less than 4% drawdowns. I did receive an inheritance that increased the portfolio by 1/3 when my Mom passed 2 years ago, but honestly, I didn't need it.

Edited March 27, 2025 by DooDiligence

[Milu]

1 hour ago, DooDiligence said:

 

I've been investing off and on since the 1990's. The off time was around 1999 when I quit working offshore to start a business, and all my cash went into that abysmal failure. I started back again after returning to the offshore industry around 2008.

 

Nothing that I did before coming to CoBF was a result of anything more than hot takes from ValueLine pages. I found this forum around 2010 or so and didn't understand most of what you guys were saying so I kept my mouth shut (probably should have maintained this discipline).

 

Fidelity says I did 24.8% in 2023, 12.1% in 2024 and 5.2% YTD. That's all the data I see, and to be fair I wasn't doing anything that resembles what I'm doing now. I've bought and sold a lot of things (some losses from mistakes and some lucky run ups). I've been intent on becoming less active in the markets and took last year (and the first part of this year) to pull weeds and water flowers. It's an unproven strategy so far.

 

Most posters who've tolerated me over the years will attest to the fact that I can be a dumbass.

 

edit: forgot to add. As to returns, I quit working in December of 2016 and my portfolio has continued to grow with less than 4% drawdowns. I did receive an inheritance that increased the portfolio by 1/3 when my Mom passed 2 years ago, but honestly, I didn't need it.

Nice work and thanks for the elaboration. We are similar again on the portfolio activity front. I make minimal trades also, decent chance that I will have zero activity this year. I hold about 10 positions so a little more than you. I wouldn’t like to hold anymore than that as I’d find the portfolio too cluttered at that point. I’ve no idea how people can hold 20+ positions or make trades multiple times a month. I guess people are just wired differently. I’m generally buying with a 10+ year time horizon and my ideal scenario would be to just have all my capital deployed in 8-10 good positions and just put my feet up for the next decade or two. I have a large cash percentage 25% that I’d like to eventually get down to about 10% but nothing on my watchlist is priced attractively enough. I’d ideally like to get to the point where I just read the annual reports each year of the stocks on my watchlist and then just check in on the market every couple of weeks. I find it hard to stay away though as I’m alway interested in following latest market news, even though I’m taking very little action based on it.

[73 Reds]

14 hours ago, Milu said:

Nice work and thanks for the elaboration. We are similar again on the portfolio activity front. I make minimal trades also, decent chance that I will have zero activity this year. I hold about 10 positions so a little more than you. I wouldn’t like to hold anymore than that as I’d find the portfolio too cluttered at that point. I’ve no idea how people can hold 20+ positions or make trades multiple times a month. I guess people are just wired differently. I’m generally buying with a 10+ year time horizon and my ideal scenario would be to just have all my capital deployed in 8-10 good positions and just put my feet up for the next decade or two. I have a large cash percentage 25% that I’d like to eventually get down to about 10% but nothing on my watchlist is priced attractively enough. I’d ideally like to get to the point where I just read the annual reports each year of the stocks on my watchlist and then just check in on the market every couple of weeks. I find it hard to stay away though as I’m alway interested in following latest market news, even though I’m taking very little action based on it.

+1.  Strict criteria for a stock worth owning eliminates all trading vehicles, which in my case is a good thing.  If a stock does not make complete sense within 5 minutes of looking at financials, it is a pass.  It also has to have a great, long term runway.  

[DooDiligence]

16 minutes ago, 73 Reds said:

+1.  Strict criteria for a stock worth owning eliminates all trading vehicles, which in my case is a good thing.  If a stock does not make complete sense within 5 minutes of looking at financials, it is a pass.  It also has to have a great, long term runway.  

 

Big TAM => trading activity minimized

[nwoodman]

37 minutes ago, 73 Reds said:

+1.  Strict criteria for a stock worth owning eliminates all trading vehicles, which in my case is a good thing.  If a stock does not make complete sense within 5 minutes of looking at financials, it is a pass.  It also has to have a great, long term runway.  

Cool, any high conviction positions?

[Ulti]

14 hours ago, Milu said:

I have a large cash percentage 25% tha

I’m currently holding 30% cash and , maybe a silly question, but I curious how other investors think about their cash position.. I realize this is age, risk tolerance,…. yadayada related … and what are your vehicles of choice for “stashing “your cash ( besides the safe at home) 

 

Morningstar opinion 

https://www.morningstar.com/portfolios/how-use-cash-portfolio

 

 

[sleepydragon]

1 minute ago, Ulti said:

I’m currently holding 30% cash and , maybe a silly question, but I curious how other investors think about their cash position.. I realize this is age, risk tolerance,…. yadayada related … and what are your vehicles of choice for “stashing “your cash ( besides the safe at home) 

 

Morningstar opinion 

https://www.morningstar.com/portfolios/how-use-cash-portfolio

 

 

I put them in 4 weeks tbills yielding 4.3% and auto reinvested, at the same time i write puts on stocks i am ready to buy, secured by these cash. That would give me 4-8% returns total on them.

 

[73 Reds]

6 minutes ago, nwoodman said:

Cool, any high conviction positions?

All of my current holdings are long term, high conviction positions:  BRK (early 80s), MSFT (late 80s) HD and WMT (early 90s) AAPL (early 200s) Fairfax (2021).  Didn't buy any of these until long after they were established, profitable companies.  Nothing fancy.  These are the stocks that remain from a lot of learning from trading mishaps and other investment mistakes when I was younger.  I did own MO for about 20 years starting in late 1970s (my first stock) but sold around the time of the MSA.  Also own a few minor positions in a small retirement account from brief stint as a W-2  employee (COP, GILD, T, BTI, SWBI, JOE) which are the only stocks I trade for fun.

[Milu]

Just now, Ulti said:

I’m currently holding 30% cash and , maybe a silly question, but I curious how other investors think about their cash position.. I realize this is age, risk tolerance,…. yadayada related … and what are your vehicles of choice for “stashing “your cash ( besides the safe at home) 

 

Morningstar opinion 

https://www.morningstar.com/portfolios/how-use-cash-portfolio

 

 

Just keep it at interactive brokers which pays a reasonable interest rate on cash. Or a t-bill ETF like BIL for some of my USD.

[thepupil]

3 minutes ago, 73 Reds said:

All of my current holdings are long term, high conviction positions:  BRK (early 80s), MSFT (late 80s) HD and WMT (early 90s) AAPL (early 200s) Fairfax (2021).  Didn't buy any of these until long after they were established, profitable companies.  Nothing fancy.  These are the stocks that remain from a lot of learning from trading mishaps and other investment mistakes when I was younger.  I did own MO for about 20 years starting in late 1970s (my first stock) but sold around the time of the MSA.  Also own a few minor positions in a small retirement account from brief stint as a W-2  employee (COP, GILD, T, BTI, SWBI, JOE) which are the only stocks I trade for fun.

 

this is amazing. 

 

[Milu]

Just now, 73 Reds said:

All of my current holdings are long term, high conviction positions:  BRK (early 80s), MSFT (late 80s) HD and WMT (early 90s) AAPL (early 200s) Fairfax (2021).  Didn't buy any of these until long after they were established, profitable companies.  Nothing fancy.  These are the stocks that remain from a lot of learning from trading mishaps and other investment mistakes when I was younger.  I did own MO for about 20 years starting in late 1970s (my first stock) but sold around the time of the MSA.  Also own a few minor positions in a small retirement account from brief stint as a W-2  employee (COP, GILD, T, BTI, SWBI, JOE) which are the only stocks I trade for fun.

Sounds like a very pleasant group of holding you have, and that's amazing that you have continued holding your positions through many decades.

[73 Reds]

1 minute ago, Milu said:

Sounds like a very pleasant group of holding you have, and that's amazing that you have continued holding your positions through many decades.

Again, it was the result of learning from a lot of prior mistakes.  Obviously Buffett had a great influence, which in hindsight has been more valuable than the stock.  

[Masterofnone]

8 minutes ago, Ulti said:

I’m currently holding 30% cash and , maybe a silly question, but I curious how other investors think about their cash position.. I realize this is age, risk tolerance,…. yadayada related … and what are your vehicles of choice for “stashing “your cash ( besides the safe at home) 

 

Morningstar opinion 

https://www.morningstar.com/portfolios/how-use-cash-portfolio

 

 

 

I'm now in my seventh decade. Up until about a year and a half ago I held minimal cash. Six months to a year of living expenses. I'm now about 22% cash in that I feel Berkshire is fully valued in a historical sense and strategically feel that markets are more likely to go down than up. (this has been true as the S&P is down about 5% since my average date of raising cash- (though Berkshire is up-so how smart am I?)

 

I've laddered T-bills such that no maturity is more than two weeks away and have a few months of cash in a Synchrony Complete Savings account.

In brokerage accounts I have parked it in a Vanguard Money Market Fund- VMFXX.

 

The state tax treatment of the T-bills is a plus. Also, on a state level, the percent invested by VMFXX in federal bills is exempt.

[nwoodman]

6 minutes ago, 73 Reds said:

All of my current holdings are long term, high conviction positions:  BRK (early 80s), MSFT (late 80s) HD and WMT (early 90s) AAPL (early 200s) Fairfax (2021).  Didn't buy any of these until long after they were established, profitable companies.  Nothing fancy.  These are the stocks that remain from a lot of learning from trading mishaps and other investment mistakes when I was younger.  I did own MO for about 20 years starting in late 1970s (my first stock) but sold around the time of the MSA.  Also own a few minor positions in a small retirement account from brief stint as a W-2  employee (COP, GILD, T, BTI, SWBI, JOE) which are the only stocks I trade for fun.

Thanks, that is a whole lot of history and whole lot of business cycles.  It gels with something  I have been thinking about lot about lately…patience is very much an edge.  Many pay lip service but few can do it.  
 

If I could ask a follow up, is the fat tail of compounders in your portfolio  a function of attrition from a more diversified portfolio perhaps influenced by tax or a deliberate policy of concentration from the outset ? I only ask because I have ended up over 20 years with a fairly concentrated portfolio partly due to tax but also my own biases.  When I started out I could never fathom owning say 80% in Berkshire but I kind of get it now if you have confidence of an OK return and there is a large capital gain tax liability.

[73 Reds]

2 minutes ago, nwoodman said:

Thanks, that is a whole lot of history and whole lot of business cycles.  It gels with something  I have been thinking about lot about lately…patience is very much an edge.  Many pay lip service but few can do it.  
 

If I could ask a follow up, is the fat tail of compounders in your portfolio  a function of attrition from a more diversified portfolio perhaps influenced by tax or a deliberate policy of concentration from the outset ? I only ask because I have ended up over 20 years with a fairly concentrated portfolio partly due to tax but also my own biases.  When I started out I could never fathom owning say 80% in Berkshire but I kind of get it now if you have confidence of an OK return and there is a large capital gain tax liability.

Yes, definitely.  Outside of MO and then BRK, I owned mutual funds, story stocks promoted by investment newsletters, stock pumped on CNBC, etc...  You name it, I tried them all.  Ironically, some of the stocks I still own today came by way of silly happenstance:  I learned about BRK when talking with a Rabbi from Omaha who had become a millionaire through having met and invested with Buffett.  WMT came about after reading an article in a magazine about Sam Walton and the old pickup truck he drove.  MSFT was the result of a college friend who got to know Bill Gates (I didn't know the first thing about computers or software when I first bought shares).  I invested in HD after realizing that I spent more time and money there than almost anywhere else (being in the RE business).   

[WFF]

1 hour ago, Ulti said:

I’m currently holding 30% cash and , maybe a silly question, but I curious how other investors think about their cash position.. I realize this is age, risk tolerance,…. yadayada related … and what are your vehicles of choice for “stashing “your cash ( besides the safe at home) 

 

Morningstar opinion 

https://www.morningstar.com/portfolios/how-use-cash-portfolio

 

 

Been using options to use my cash to sell covered puts or buy the stock (in names I like of course) and selling covered calls.   

[nwoodman]

8 minutes ago, 73 Reds said:

Yes, definitely.  Outside of MO and then BRK, I owned mutual funds, story stocks promoted by investment newsletters, stock pumped on CNBC, etc...  You name it, I tried them all.  Ironically, some of the stocks I still own today came by way of silly happenstance:  I learned about BRK when talking with a Rabbi from Omaha who had become a millionaire through having met and invested with Buffett.  WMT came about after reading an article in a magazine about Sam Walton and the old pickup truck he drove.  MSFT was the result of a college friend who got to know Bill Gates (I didn't know the first thing about computers or software when I first bought shares).  I invested in HD after realizing that I spent more time and money there than almost anywhere else (being in the RE business).   

Thanks, the first thing that comes to my mind is “fortune favours the prepared mind’.  Secondly and most importantly is not getting shaken out is the real test.  Those positions have lead to some serious “alpha”.  I dare say that even if you stumbled upon some of them, seeing what worked, framed other investments. It goes to the heart of Mungers views on patience and quality.  

[73 Reds]

Just now, nwoodman said:

Thanks, the first thing that comes to my mind is “fortune favours the prepared mind’.  Secondly and most importantly is not getting shaken out is the real test.  Those positions have lead to some serious “alpha”.  I dare say that even if you stumbled upon some of them, seeing what worked, framed other investments. It goes to the heart of Mungers views on patience and quality.  

Yes, learning from mistakes is important for success in almost anything.  Charlie's life story was also very influential; when I left my paid position to venture out on my own his was the model I strived to emulate.  

[nwoodman]

2 minutes ago, 73 Reds said:

Yes, learning from mistakes is important for success in almost anything.  Charlie's life story was also very influential; when I left my paid position to venture out on my own his was the model I strived to emulate.  

What was the venture on your own?

[73 Reds]

5 minutes ago, nwoodman said:

What was the venture on your own?

Multiple ventures all real estate related:  Investing, title co. and hard money lending.   

[learner]

2 hours ago, 73 Reds said:

Yes, definitely.  Outside of MO and then BRK, I owned mutual funds, story stocks promoted by investment newsletters, stock pumped on CNBC, etc...  You name it, I tried them all.  Ironically, some of the stocks I still own today came by way of silly happenstance:  I learned about BRK when talking with a Rabbi from Omaha who had become a millionaire through having met and invested with Buffett.  WMT came about after reading an article in a magazine about Sam Walton and the old pickup truck he drove.  MSFT was the result of a college friend who got to know Bill Gates (I didn't know the first thing about computers or software when I first bought shares).  I invested in HD after realizing that I spent more time and money there than almost anywhere else (being in the RE business).   

Congrats on picking these and holding onto them. 

 

If I may ask, what % of your net worth and/or investable capital at the time of investing did you put into these?