Samuel Meciar's avatar
$7.7m follower assets
Portfolio changes - update 10
Hello friends, I got an update for you, now with a rounded number

I decided to sell $AFRM + $PAYC, and here's my thinking:

  • I get a pretty decent exposure to $AFRM anyways through $SHOP, not only are they a sole processor for Shop Pay installments but are also invested in $AFRM, own about 7% of the shares (Class A+B combined)
  • I recognize the power of $SQ's Afterpay in combination with CApp and Square after I watched Block's Investor Day, it's just one well put ecosystem. Afterpay is also a bit larger in terms of GMV and has superior margins.

My overall plan is to just add to $SQ and $SHOP and chill.

When it comes to $PAYC I recognize the power of Square Payroll and HR solutions in combination with the whole ecosystem especially as they move more into Mid market, that's going to be interesting. Therefore it just makes sense for me to consolidate here.

I'm also selling $ZI $DOCN, no specific reason really, just want to move my capital into my highest conviction names.

Instead I went on a buying spree and got some $QCOM $RBLX $TWLO $SQ $SHOP $COUR $FVRR $HIMS $ADBE and $COIN.

Wrapping up, all $AFRM $DOCN $PAYC $ZI are great companies in my view, but like I said, it makes sense for me to consolidate, especially as I favor optionality over specialization at this point in time, while still maintaining an exposure to those players/spaces without further fragmentation.
Josh Kohn-Lindquist's avatar
$8.4m follower assets
5 Thursday Additions and 2 New Positions
I added to my core 34 position in $GLBE but also made secondary purchases in $COIN and $W since the markets have throttled them.

I also started new watchlist positions in $IDXX and $DXCM.

Last but not least, I bought some $DOCN and $LTCH for my daughter's account. Technically, DigitalOcean is one of my core 34 holdings, but it was for her account today.

Over time, I will continue adding to Global-e Online as its position needs to grow. Coinbase and Wayfair may get one more tiny purchasing round, but much farther down the road.

Idexx Labs and Dexcom fascinate me, so I just wanted to remember them.
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Samuel Meciar's avatar
$7.7m follower assets
Portfolio changes - update 8
Hey friends, there's a lot of cleaning I'm doing, for real. It's getting tricky, as there's basically no companies I view as weak in my portfolio, now it's reaching a point where I have to consider just how much the position covers what I want it for and whether there's others that can do so instead, so I can consolidate further. I tend to prefer optionality over specialization. So:

  • I sold $ENPH - it's simply hard for me to pass on $TSLA at $700, I also sold $ASML as I see $AMD $NVDA and $QCOM more lucrative when looking at valuation vs revenue and earnings growth. Again, this all is about personal preferences and there's a lot of bias and other nuances of data points somewhere in my head that get me to those decisions.
  • On the other hand, I initiated positions in $SNOW and $ZS, as mentioned previously. I like this pricing.
  • I added to my positions in $ABNB $DDOG $MDB $NET $COIN (although I'm staying cautious there) $TEAM and $TSLA.
When I was studying Solar in 2015-16, I was screaming at the top of my lungs for people to buy Enphase ~$3. All the experts said avoid, while dropping their fancy acronyms and useless info. Meanwhile, our college entrepreneur program was installing Enphase on literally 100% of our residential installs. Was obvious to us they were going to be the leader in the space. Definitely been crazy over valued for a while now, wise to get out.
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Irrational Behavior=ROI
As plenty of you know, I’m long $COIN. Recently they fell double digit % 3 consecutive days. As I mentioned daily that I was adding to my position, I reiterated around $55, that the more irrational the price movement, the more comfortable I felt pushing all my chips in (to any swing trade/contrarian play). Now, close to $70, that’s a pretty nice 2-3 day come up. $FB was the same recently, falling 25% overnight (irrational af) generating ~30% ROI over the next 2 calendar weeks. I try to be a buy and hold type, but sometimes the opportunities are too easy to pass up. I didn’t take advantage of the Coinbase bounce because I’m much more confident in longer term growth. I did add higher dollar amounts as it fell lower though. Added much more at $55 than I had at $80 or $100. I also did similar trades with $LU & $BABA recently, earning 20%-30% in less than 30 days. I can’t define “irrational” for others. It’s more of a mental model that I’ve developed to shortcut the analytical process. Requires a deep understanding of valuation and behavioral finance to execute confidently, and a lack of greed, but it works like a charm tho.
Could Sam Bankman be the next Ryan Cohen?
Recently, FTX CEO Sam Bankman bought a 7.6% stake in $HOOD. FTX is a crypto brokerage platform similar to $COIN.

Being an expert on how exchanges work, it would be interesting to see what Sam Friedman looks to do with Robinhood. Even if his stake in the company may seem insignificant, it's important to note that FTX and Robinhood are indirect competitors. Both offer a crypto brokerage platform to consumers but at the same time, Robinhood offers fewer cryptos for people to trade and gives people a plethora of stocks and options to buy and sell.

The reaction to Sam Bankman's stake in Robinhood was big. The stock rose more than 20% after hours because of it.

In late March, $GME experienced a similar reaction as Ryan Cohen, co-founder of $CHWY, added to his stake in the videogame retailer. Around the same time, $BBBY shares surged as Ryan Cohen took a stake in that company as well.

Ryan Cohen is investing in those retailers because he wants to help fix the operations of those companies. Sam Friedman could be looking to do something similar with Robinhood.

We have yet to see.
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