Portfolio Update: June
I posted my thoughts on the month of June, along with some changes I have made to the portfolio in recent weeks. I continue to hold a sizable cash position (~20%). As cash comes in, I slowly reallocate to my strongest, highest conviction companies. However, I have stopped adding to a few positions, and have reduced the pace at which I am adding to a few more.

Slowing: $CFLT, $SHOP, $U

Stopped Adding: $GDRX, $SE

Check it out:

Top Losers Today @ 11am
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Wild week in the market. Some of these earnings reactions are probably more about multiple contraction than poor reports/guidance. I wrote about my thoughts on various earnings reports as well as corresponding portfolio moves $ABNB, $PAYC, $DDOG, $ZI

Other quick thoughts on earnings:

$CFLT - good but not looking to add aggressively
$HUBS - great, will probably add more
$TWLO - good, may add more
$SHOP - not great, but also not looking to sell

Have a great weekend!

April 2022 Bloodbath - Names Down >30% Since April 1
April 2022 was one of the worst market months of all time. In fact, it was the worst since October 2008. Here are 100 stocks down >30% since April 1:


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Beaten-down 2021 IPOs
I love avoiding new initial public offerings for their first couple of earnings reports as a publicly-traded company -- but even more so, I love revisiting them after this 6-12 months.

Life as a newly public company is rough as expectations from analysts are wonky, and management is adjusting to a new lifestyle of increased scrutiny.

With this in mind, here's a list of 2021 IPOs I'm watching that have traded down since going public.

$RSKD Riskified -74% | $PATH UiPath -67% | $COOK Traeger -66% | $BIRD Allbirds -65% | $MQ Marqueta -64% | $CPNG Coupang -62% | $OLO Olo -56% | $COIN Coinbase -53% | $APP Applovin -51% | $EXFY Expensify -44% | $USER UserTesting -42% | $BMBL Bumble -42% | $WRBY Warby Parker -40% | $AFRM Affirm -39% | $WEBR Weber -37% | $NU Nu -31%| $RBLX Roblox -30% | $SEMR SEMrush -27% | $FIGS FIGS -27% | $MNDY Monday -13% | $DOCN DigitalOcean -11% | $CFLT Confluent -8% | $GLBE Global-e Online -6% |

Curious to hear what you all may like the most from these?

Out of this list, four are part of my Core 34 group of holdings that I aim to add to the most here in 2022.

Have a good weekend, friendly humans.
With of the four from my core 34 do you like the most?
42%Coupang
31%Roblox
15%DigitalOcean
10%Global-e Online
19 VotesPoll ended on: 05/02/22
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