what are you selling today?

[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 Monday at 08:19 PM 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.

[frommi]

sold out of CABO after the results, EBITDA falling >5 quarters in a row doesn't look very good.

[Spekulatius]

Reduced $DHLGY and sold a bit more $BTI

[formthirteen]

Bye, bye BOL.PA.

[Spekulatius]

Reduced $BNR.DE and $BTI

[KPO]

BGS

[Castanza]

20 hours ago, Spekulatius said:

Reduced $DHLGY and sold a bit more $BTI

 

What made you trim DHL? Just decide to trade? Results were not bad and they are probably better positioned to deal with US tariffs than the other big 2 (FDX and UPS). Could actually be good for them. Although they might reconsider trying to re-enter the US market. 

[tnathan]

Sold my OTIS shares and moving into better r/r opps. Its stable but fully valued

[Spekulatius]

2 hours ago, Castanza said:

 

What made you trim DHL? Just decide to trade? Results were not bad and they are probably better positioned to deal with US tariffs than the other big 2 (FDX and UPS). Could actually be good for them. Although they might reconsider trying to re-enter the US market. 

The stock made a nice move due to the German stimulus , so I wanted to lock in some gains.