Steve Matt's avatar
$19.3m follower assets
My July Returns Are In!... And They're... Good?
I'm still getting annihilated in both of my portfolios but less annihilated than a month ago!

Retirement Portfolio
In June, I opened zero new positions. I added to $MKL twice, $TYL twice, $MCD twice, $WM twice, and $IIPR. Relatively quiet month. I also added to $NVDA, $BIPC, $AMT, $MPW, $O, $IIPR, $NLCP, and $TSM via DRIP. I exited zero positions.

My retirement portfolio was up 13.09% in July. However, I'm still down 35.84% YTD and my month-by-month YTD is as bad as growth investor's portfolio returns could look.

Shoutout to my best performing retirement positions in 2022 so far:
  • $BMBL with a 35.80% return YTD
  • $SWAV with a 32.35% return YTD
  • $TYL with a 31.41% return YD

And a look at my best retirement performing positions in July:

My top 10 positions continue to make up ~33% of my portfolio. $MELI's great July brings to back to the top spot followed by $AAPL, $AMZN, $F, $GOOGL, $SHOP, little known and rarely mentioned $NVEE, $COST, my baby $SWAV, and $SIVB.

Looking forward to August, I'm still considering opening a new position in either $TTD, $TWLO $SONO, $NET, $NTDOY, and after this recent fall, $ROKU.

Taxable Portfolio
In June, I only added to $ATZAF. No positions in this brokerage pay a dividend so there was no DRIP and I did not exit any positions.

Similar to my retirement portfolio, my taxable was up 13.67% in July but is still down 36.60% YTD and the month-by-month is also still abysmal.

Shoutout to my best performing taxable positions in 2022 so far:
  • $TMDX with a 110.75% return YTD
  • $MSP with a 39.49% return YTD - RIP as is had such a great return because it was acquired.
  • $SILK with a 8.10% return YD

And a look at my best performing taxable positions in July:

My top 10 positions continue to make up ~90% of my portfolio as I only have 14 positions in this brokerage. The top 10 remains basically the same with $SNOW, $TMDX, $ATZAF, $SILK, $DT, $LMND, $NCNO, $CPNG, $BIGC, and $OM. Those other 4 positions must be truly awful performers (indeed they are).

Looking forward, I'm undecided which position to add my monthly DCA to. Leaning towards $DT or buying the dip on $OM.

Alternative Investments
I've begun putting some money into Fundrise, Landa, and StartEngine. It's too little to even bother with showing returns and a lot of the stuff is illiquid but I wanted to at least catalog what I'm investing in.

Fundrise
I haven't really dove into yet. I've just been dumping money into it since April and letting them allocate into their Flagship Real Estate Fund. I'll look at their other portfolio options when I get some extra time.

Landa
I've been putting a very small amount of money into Landa each month since April just to play around. I've bought shares in 5 properties and seen some miniscule dividends. It's an interesting foray into real estate and I will probably continue adding to it. The current list of properties I have shares in are:

  • 1394 Oakview (GA)
  • 4474 Highwood (GA)
  • 729 Winter (GA)
  • 8662 Ashley (GA)
  • 24 Ditmars (NY)

StartEngine
This is probably my favorite of the 3 and also the most risky by far. StartEngine allows angel investing in non-public companies. The odds of investments going to zero must be incredibly high while the odds of them ever making it to a publicly traded company incredibly low. That's why StartEngine will remain a very small portion of my portfolio.

I currently am invested in:
  • 3i Tech - "3i Tech Works builds engagement solutions to increase customer loyalty and drive revenue for small and medium-sized businesses. Our integrated platform aims to even the playing field for brick-and-mortar retailers and restaurants by providing them the best digital tools to connect and engage with mobile customers."
  • Future Cardia - "We are Future Cardia (Oracle Health, Inc.) - Bringing you a tiny insertable cardiac monitor for a long-term heart failure monitoring solution to disrupt the $5B market and to set the stage for Connected Implants. Our approach is a simple 2-minute office procedure that brings simplicity, accuracy, high compliance for long-term monitoring, and existing insurance coverage."

I having approved but not yet finalized investments in:
  • SapientX - "We have created a voice assistant powered by AI (artificial intelligence) that can interact with users as if it were their best friend. Today, we are working with companies that make cars, appliances, smart home devices and vending machines to voice-enable a new generation of products."
  • POPS! Diabetes Care - "We have developed and commercialized a revolutionary AI self-care platform for diabetes management. Our mission is for people to take ownership of their diabetes through simple technology, and we have people in all 50 states and Australia using Pops."
  • Kari Gran - "Kari Gran Skincare is a pioneer in the rapidly-growing clean beauty business, headed by passionate female founders disrupting the category with differentiated products targeting an underserved market; women 40+ experiencing dry skin due to menopause. We know the stresses and challenges that come with dry skin, but more importantly, we also know the solution."

I also have an approved but not yet finalized investment in a signed edition Banksy artwork, Laugh Now.
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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:


Visit highsandlows.substack.com
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Steve Matt's avatar
$19.3m follower assets
$OM $STAA $SILK Earnings: What I'm Looking For
Outset Medical, Inc. ($OM) - Reporting earnings Wednesday (5/4) afternoon
The company revolutionizing home dialysis. I'm very excited about the future of this company.

Here's what I'm looking for:

  • 100% revenue growth may not be sustainable but I'd love to see >50%.
  • Gross profit margins >12%
  • Update from management of Tablo demand (# of units deployed and backlogged).

Current position:
Total cost basis: 65th highest in my portfolio
Time since first buy: 1.34 years
Number of purchases since: 3
Annualized return: (26.9%)
Annualized $SPY return: 6.5%
Annualized $QQQ return: (0.8%)

STAAR Surgical Company ($STAA) - Reporting earnings Wednesday (5/4) afternoon
Ooh boy, has STAAR contracted on their multiples. Regardless, they continue to innovate. On March 28, they announced FDA approval for the EVO/EVO+ Visian® Implantable Collamer® Lens for the correction of myopia and myopia with astigmatism and 9 days later announced the first US implant. This lens has already been available outside the US. The US was just 4.3% of their $230MM. The runway is long.

Here's what I'm looking for:

  • Nothing crazy here. Just looking for revenue growth to maintain or accelerate, the company to continue being FCF, and margins maintaining or improving.
  • I hope management gives an update on the order backlog of over 20,000 lens that was caused by COVID and supply chain constraints.

Current position:
Total cost basis: 80th highest in my portfolio
Time since first buy: 0.69 years
Number of purchases since: 0
Annualized return: (69.2%)
Annualized $SPY return: (10.4%)
Annualized $QQQ return: (20.1%)

Silk Road Medical, Inc ($SILK) - Reporting earnings Wednesday (5/4) afternoon
Just two days ago Silk Road announced the FDA approval of expanded indications for the ENROUTE® Transcarotid Stent System. I didn't understand the full implications of this so I showed my doctor wife and she said it's a big deal. I guess that's why Silk Road was up 14% of Monday.

Here's what I'm looking for:

  • Same as STAA. Nothing crazy here. Just looking for revenue growth to maintain or accelerate, margins maintaining or improving, maybe a movement towards being FCF positive.
  • Quarterly updates on the number procedures performed would be a nice change of pace.

Current position:
Total cost basis: 80th highest in my portfolio
Time since first buy: 0.69 years
Number of purchases since: 1
Annualized return: (28.7%)
Annualized $SPY return: (10.3%)
Annualized $QQQ return: (20.0%)
Steve Matt's avatar
$19.3m follower assets
The Coming Week in Earnings
Woooo boy, this week will be fun for my portfolio.

Monday (5/2)
  • $BIGC^ (On my Sell Watchlist)

Tuesday (5/3)

Wednesday (5/4)

Thursday

Friday

Anything with a ^ indicates I read the 8-K and 10-Q/10-K and track their financials along with KPIs on a spreadsheet I have.

So basically, this will be me next week...
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My taxable brokerage is linked but my new transactions aren't populating here on @commonstock (help?) so I'll just manually post it.

On 4/27, I bought $FB 4/29 $150 puts at $1.64 as a possible earnings play.

On 4/28, I sold the FB 4/29 $150 puts at $3.43, deciding that more than doubling my money in <24 hours wasn't worth risking on possible good earnings (one of my rare good calls!).

On 4/28, I used my new cash to buy some more $OM at $35.385, increasing my total cost basis by 7.8%.
Details I track on each buy:
P/S - 16.42
Forward P/S - 7.64
PSG - 0.03
P/FCF - (16)
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