what are you selling today?

[formthirteen]

Some MKL.

[treasurehunt]

Sold some BYDDY. BYD is executing very well, but a P/E of 25 for a company that faces intense competition in all its verticals seems rich.

[lnofeisone]

Shorting UNG calls. 

[gfp]

1 minute ago, lnofeisone said:

Shorting UNG calls. 

 

wow - naked or in a spread?

[lnofeisone]

2 minutes ago, gfp said:

 

wow - naked or in a spread?

Naked but with tight stops. 

[gfp]

2 minutes ago, lnofeisone said:

Naked but with tight stops. 

I'll go ahead and turn off my furnace now

 

edit: IB says there is no UNG to short - heads up!

Edited February 19, 2025 by gfp

[Saluki]

Yesterday I trimmed a few shares of CPNG and NTDOY.  I was burned when I didn't trim my largest position, GOOG, and it dropped hard after the DOJ thing, but I added more and it worked out.  I trimmed GOOG as it went past my pre-determined weight for it and then when it dropped again it wasn't so bad.  I sold a few shares of META as it crossed the weight I felt comfortable with too. 

 

I decided CPNG and NTDOY are positions that I can sleep soundly with 5% positions.  

[Spekulatius]

Selling a bit of NTDOY today as well

[Kizion]

1 hour ago, Saluki said:

Yesterday I trimmed a few shares of CPNG and NTDOY.  I was burned when I didn't trim my largest position, GOOG, and it dropped hard after the DOJ thing, but I added more and it worked out.  I trimmed GOOG as it went past my pre-determined weight for it and then when it dropped again it wasn't so bad.  I sold a few shares of META as it crossed the weight I felt comfortable with too. 

 

I decided CPNG and NTDOY are positions that I can sleep soundly with 5% positions.  

CPNG drop after earnings also due next week 

Edited February 19, 2025 by Kizion

[sleepydragon]

trimmed BGC, back to tracking/coffee can position

[lnofeisone]

2 hours ago, Kizion said:

CPNG drop after earnings also due next week 

CPNG is a big position for me, and I'm aware of its silly trade-down on a good earnings pattern, but I am hoping this time is different. Ha! 

[Gregmal]

Trimmed about 20% of NTDOY. Just managing the size. Still a pig on the name. 

[Paarslaars]

1 hour ago, lnofeisone said:

CPNG is a big position for me, and I'm aware of its silly trade-down on a good earnings pattern, but I am hoping this time is different. Ha! 

I know the moment I start joining in on that trade it's going to reverse so I am just holding...

[lnofeisone]

2 hours ago, Paarslaars said:

I know the moment I start joining in on that trade it's going to reverse so I am just holding...

Same. I'm holding steady but have dry powder to pick up extra shares if needed. 

[KPO]

A quarter of my BABA on the hysteria recently. Didn’t expect 95% in less than 8 months, so hard to complain. 

[This2ShallPass]

Decided to sell few holdings. I had a good start to the year up 12% (Chinese big tech, Fannie/Freddie and growth stocks all worked), but I'm increasingly concerned that the speed and erratic nature of the changes by the new administration is going to break something (don't care for the politics, just thinking about impact for the markets). Now at 20% cash.

• Reduced Fairfax to 25% of portfolio from ~32% (part of it from selling and part from rest of pf increasing)
• Sold 25% of Fannie/Freddie common - up 10x so taking some profits
• Sold 1/3rd Baba
• Sold Baidu stock (hold some calls still) - finally giving up on this one after holding for years, they are in all the important new technologies but something in their execution seems to be lacking
• Sold some growth stocks - these are 10% of my pf as a bucket, reduced to 7.5%

 

 

[Spekulatius]

$PARA Got rid of it at almost breakeven.

[Ross812]

Sold half of my Nintendo in all accounts including taxable. Sold 2/3rds of HQI.

[DooDiligence]

Damn it. I do not want to sell any of this.

[sleepydragon]

Sold most of my LQDA, Gral, BGC, PLTR, NBIS. Still have them in coffee cans (~0.5%)

[Paarslaars]

19 minutes ago, DooDiligence said:

Damn it. I do not want to sell any of this.

 

I get what your feeling, I am actually starting to think about trimming my Nintendo position to buy cheaper stuff here.

But I would hate selling such a high quality business.

[Cod Liver Oil]

Please do not interrupt the compounding machine. 

[thepupil]

I sold 100% of my ELME, realizing a 36% return since 10/2023, slight underperformance to SPY (+42%).

 

I sold 25% of my FRPH , realizing positive return but significant underperformance to relevant benchmarks (my position doesn't have a single buy/sell date so not really clear of exact return)

 

I also sold some ZROZ which were up 10% in a few weeks while market was down 2%. 

 

I put all the proceeds of this into ST tips (IRA) and t-bills (taxable), degrossing to a degree that is almost uncomfortable for me (close to 15% cash).

 

I am taking the DOGE threat to the DC area (and broader) economy seriously. My home equity which is a significant component of my net worth is exposed to this as well. I had about 10% of my portfolio in stocks with this exposure and now have 4% (FRPH), not counting AIV's exposure.

 

I don't expect ELME to get more than $19-$20 in a sale so upside of 15% or so + divvies from here just didn't seem quite enough reward to own mediocre apartments where 10-20% of tenants are feds or contractors. 

 

 

 

 

Edited March 3, 2025 by thepupil

[Gregmal]

I know a place where political refugees are thriving…

[Spekulatius]

Sold my one tracking share of LICT and reduced NNI a bit.