Long Only Portfolio Update February 2023

March 01, 2023 - 11:38 am

Our Long Only Portfolio is down 0.4% YTD vs the S&P up 3.2% in the same time period.  Amazon has been our laggard in the group, and we bought it early. We are comfortable with the rest of the positions, NEM is down 7% but miners should be fine for the next few quarters, and the correction in that stock is tracking a down wave in gold prices. Our largest holding is EPAM which is up 32% since March 2022, and we still think this stock is undervalued.

We have just under 9% of the portfolio in Cash, and a slightly heavy lean towards tech names which were battered heavily in Q4 2022.  

Here are our current positions:

 

Total Invested	$100,000
Beg Year Balance	$195,601
Current Value	$194,781
YTD Return	-0.42%
Position	Weight	Entry Date	Shares	Entry Price	Current Price	Position Cost	Position Value	Gain/Loss %
CASH	8.7%						$17,016.29
AMZN	10%	3/14/2022	200	$142.85	$94.23	$28,570.00	$18,846.00	-34.0%
EPAM	32%	3/14/2022	200	$212.00	$307.65	$42,400.00	$61,530.00	45.1%
CELH	12%	7/6/2022	250	$76.40	$90.80	$19,100.00	$22,700.00	18.8%
CRM	10%	3/14/2022	125	$130.90	$163.61	$16,362.50	$20,451.25	25.0%
OKTA	9%	12/14/2022	250	$69.80	$71.29	$17,450.00	$17,822.50	2.1%
QFIN	8%	12/14/2022	750	$18.00	$20.36	$13,500.00	$15,270.00	13.1%
NEM	6%	12/14/2022	250	$46.90	$43.61	$11,725.00	$10,902.50	-7.0%
FCX	5%	12/14/2022	250	$39.58	$40.97	$9,895.00	$10,242.50	3.5%
TOTAL	100%					Total Value	$194,781.04
						YTD Return	($819.50)	(0.42%)
						S&P Year to Date Return		4.05%
						Dow Year to Date Return		(1.16%)
						Nasdaq Year to Date Return		11.00%