Portfolio changes - update 12
Hey fam, I decided to make yet another set of changes to my portfolio.
- I added to my Adyen position over at another brokerage, now about 2,5% allocation, down roughly 16%. I'm looking to continue adding if we continue dipping. Just letting you know since I can't connect that brokerage with Commonstock.
- I'm exiting $COUR. I realized $MSFT gives me an exposure to higher education just enough via LinkedIn Learning. So I'm consolidating and about to add yet again to my $MSFT position.
- I'm also exiting $COIN and decided to have an exposure to the world of crypto and web3 just via $SQ (heavily invested in Bitcoin), $SHOP (integrating NFTs and Crypto into their solutions), players building infrastructure for crypto and blockchains such as $MDB $NET $PLTR and a few other players such as Semis ($AMD $NVDA) or providers of the crypto services like $MELI.
I'm in a process of deciding what I want to add to besides $MSFT here, I'll let you know later about what I bought more of.
Portfolio changes - update 10
Hello friends, I got an update for you, now with a rounded number
- 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.
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.
Brief news 28/4/22
$AAPL under regulatory pressures introduced Self Service Repair Store, available in the US and should expand outside US, starting in Europe later this year.
$ABNB reached 2 billion searches in their "I'm flexible" search, which was designed to serve people who are primarily passionate travelers with hybrid/remote work. The "I'm flexible" offering was introduced in May 2021.
$COUR announced earnings, here visualized:
$CRM announced new innovations in Salesforce Flow, a suite of automation technologies, with ability to help customers quickly automate any complex business process on the Salesforce Customer 360 Platform.
$ENPH announced earnings, here visualized:
they also announced an expansion of battery storage in Michigan.
$GOOGL announced earnings, here visualized:
$MSFT announced earnings, here visualized:
$PATH appointed Robert Enslin as a Co-CEO of the company. Robert previously worked as a former executive for $GOOGL Cloud and has about 30 years of enterprise software experience.
$PINS reported earnings, here visualized:
$PYPL reported earnings, here visualized:
$QCOM reported earnings, here visualized:
$SPOT reported earnings, here visualized:
$SQ announced a launch of Square Loans for Canadian Businesses, giving SMBs a simple access to funds and eliminating another major pain point associated with running a business.
$TWLO welcomes 2 new executives, Reeny Sondhi as a First Chief Digital Officer and Amy Holcroft as First Chief Privacy Officer. Both of those roles are new to Twilio. Reeny previously worked as Chief Security Officer at Autodesk. Amy previously worked at HP where she was a privacy leader for 13 years.
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What are your thoughts on $COUR' generally? I think it's really promising to see that their-
- Total revenue was $120.4 million, up 36% from $88.4 million a year ago.
- Gross profit was $77.6 million or 64.5% of revenue, up 57% from $49.5 million a year ago. Non-GAAP gross profit was $78.2 million or 64.9% of revenue, up 58% from $49.6 million a year ago.
- Adjusted EBITDA was $(11.0) million or (9.1)% of revenue, compared to $(10.1) million or (11.5)% of revenue a year ago.
- Net cash used in operating activities was $(38.3) million, compared to $(4.3) million a year ago. Free cash flow was $(42.2) million, compared to $(8.6) million a year ago.
Sam's portfolio review
Hello CommonStock, I saw multiple posts from my fellow colleagues sharing their portfolios, explaining their intent and seeking feedback from the community. I believe this is a great place to share knowledge and learn, we all have something to gain one from another, so I thought it'd be a great idea to do my iteration of this concept.
Here's my portfolio:
To put things into a perspective, I'm 19yo student whose mission is to invest in a great tech businesses that change our life for the better.
My portfolio is built around these themes:
- Blockchain Technology
- Cloud Computing
- Digital Commerce
- Digital Advertising
- Digital Education
- Gig Economy
- Internet of Things
- Modern Enterprise
- Renewable Energy
My portfolio therefore consists of mainly high growth, disruptive technology companies. A simple reason why is that I know technologies the best from all sectors and I believe its a very diverse approach in order to catch most of our civilized world progress as those technologies pretty much are used across sectors, whether we talk agriculture, mining, etc. The goal of the portfolio is to invest in great companies who I can let run for years to come which can eventually secure me an earlier retirement 😃
I like to invest in:
- software companies primarily with an expected growth of greater than 15% over a few years out, so basically there's a greater chance they can outperform the market even without a multiple expansion
- companies with a great culture and great ratings from employees across Glassdoor/Comparably
- founder-led mission driven companies with significant insider ownership
- companies producing FCF or at least those who I believe will produce FCFs in the future
- leaders in their respective sectors (so the best of bread)
It's worth mentioning that I plan to make some changes to my portfolio soon, so this isn't a final look, and so to make this clear, I plan to:
- Cut $ASAN $SPT and $SEMR soon, maybe even $DOCU and $ZM (to be seen based on results)
- Add $AMZN $COIN $DIS $MDB $QCOM and $WDAY as new holdings
- Add to $ADYEY /in my other portfolio, so not listed here/ $COUR and $MNDY
I'm looking forward to hear your thoughts, suggestions and answer your questions, if there are any 😃
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very surprised to see Tsla only in #2. Whats so great about Afirm ? Never looked into the company.
Portfolio showcase April 2022.
Seeing lots of people sharing their portfolios so I thought I may share as well. Still looking to trim $AFRM eventually if we go higher, but overall I'm basically where I want to be. I'm looking to complete my position in $ADYEY soon, though I added a few days ago, looking to initiate $AMZN $MDB and complete positions in $COUR and $MNDY, too. Otherwise I'd say my portfolio is at exactly what I determined it to be back in January when I started buying back in.
Quite a lot of reports of companies on my list yesterday evening, and so here's my traditional "visualized" series for each one of them - all numbers in billions of course:
$AFRM The market clearly isn't a fan of unprofitable investments now. Despite that, I liked the print and earnings call too.
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Education Sector Investing
True or false?:
Young men without college degrees have better employment options than young women.
Why the provocative question?
Because of the macro backdrop of the education system, and what it means for investing in the EdTech space today.
Here's a quick recap of the last 50 years in two bullets to get you up to speed:
- In 1970, men accounted for 60% of college enrollment. That number has decreased to 40% today.
- Since 1980, college tuition and fees are up 1,200%, while the Consumer Price Index (CPI) for all items has risen by only 236%.
As the value proposition of college gets worse (higher costs, worse experience), men opt out because they can.
For a rapidly increasing number of American families, the answer to the problems with our schools is to not attend them.
My thesis is that for both men and women, the most attractive education destination in the coming decades will be one that brings costs back down to earth while still being directly connected to employment outcomes.
What will this destination be?
I'm on the hunt, but here are some preliminary ideas:
2U $TWOU (set to acquire EdX, which would have made the list by itself)
Udacity (be on the lookout for an IPO)
Anyone else on here interested in the EdTech space?
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Interesting thesis, @josiahracklin. @rexwoodbury just published a great piece on the unbundling of college that you might find interesting:
Earnings this week
📞Which calls are you most excited about?
Monday, August 2nd
$ZI ZoomInfo Technologies
Tuesday, August 3rd
$APRN Blue Apron
$BHG Bright Health Group
$CWH Camping World
$CRSR Corsair Gaming
Wednesday, August 4th
$WYNN Wynn Resorts
Thursday, August 5th
$HEAR Turtle Beach
$MNST Monster Beverage
$CWK Cushman & Wakefield
$SPCE Virgin Galactic
Friday, August 6th
$TWST Twist Biosciences
$CRON Cronos Group
Sources: Business Insider, Google Finance, Yahoo Finance
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