May 2023 Long Portfolio Update

May 31, 2023 - 4:34 pm

Our Long only portfolio is up 21% YTD beating the S&P by 11%, and we added three new positions in May: AI, NVDA and PLTR to capitalize on the momentum around artificial intelligence. We have two positions in the red: AMZN and SSSS, both which we're keeping for the longer term. We'll be closing the AI positions upon a pullback, and added those positions as short term trades. 

Here is where this portfolio is today:

 

Total Invested	$100,000
Beg Year Balance	$195,601
Current Value	$236,590
YTD Return	20.96%
Position	Weight	Entry Date	Shares	Entry Price	Current Price	Position Cost	Position Value	Gain/Loss %
CASH	0.2%						$547.79
AMZN	5%	3/14/2022	100	$142.85	$120.58	$14,285.00	$12,058.00	-15.6%
CELH	13%	7/6/2022	250	$76.40	$125.53	$19,100.00	$31,382.50	64.3%
CRM	12%	3/14/2022	125	$130.90	$223.38	$16,362.50	$27,922.50	70.6%
OKTA	10%	12/14/2022	250	$69.80	$90.90	$17,450.00	$22,725.00	30.2%
SSSS	8%	4/18/2023	6000	$3.57	$3.33	$21,420.00	$19,980.00	-6.7%
AI	17%	5/18/2023	1000	$26.82	$40.01	$26,820.00	$40,010.00	49.2%
NVDA	16%	5/18/2023	100	$316.78	$378.34	$31,678.00	$37,834.00	19.4%
PLTR	19%	5/18/2023	3000	$11.74	$14.71	$35,220.00	$44,130.00	25.3%
TOTAL	100%					Total Value	$236,589.79
						YTD Return	$40,989.25	20.96%
						S&P Year to Date Return		10.14%
						Dow Year to Date Return		0.27%
						Nasdaq Year to Date Return		31.78%