Portfolio changes - update 13
Hey fam! Yesterday, I made a bunch of new changes to my portfolio:
- Sold out of $PATH and instead will have an exposure to RPA market via $MSFT and it's Power Automate product, which btw is growing like crazy, their whole Power package is growing 72% YoY on 2B TTM revenues, which is just mindblowing.
Here, from their last earnings call:
- I still think $PATH is an awesome company, though at this point in time I prefer platforms with multiple products and I just don't feel like $PATH fulfills that, so there's that. Though like I said, I'll still have exposure through Power Automate from Microsoft which is also in this leader category based on Gartner's rankings so I'm comfortable doing it this way, with fewer holdings.
- Instead, I decided to add to my $MSFT (again 😂😂), $PLTR and $HUBS
What are you doing? Are you buying? And if so, let me know what, I'm interested!
$PATH has a tiny amount of debt and huge cash reserves. Knowing that, would an investor be more patient with UiPath's journey?