Portfolio Update #2
The Multibagger Ideas Model Portfolio
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It has been a volatile start to the year for markets, and the model portfolio has felt it.
The portfolio was up as much as 10% through January and had been outperforming the S&P 500 (SPY) up until yesterday, when our largest position sold off 15% on its earnings reaction. That single move pulled the portfolio back to roughly in line with the benchmark.
I personally think this selloff is a gift. I am doubling down on my highest conviction position, deploying the majority of the cash reserve into existing holdings on weakness, cutting one position entirely, and adding a new name to the portfolio.
There is a lot to get through. Let’s get into it.