Digital Turbine, Inc.

Axon Enterprise, Inc. Common Stock

PubMatic, Inc. Class A Common Stock

Xometry, Inc. Class A Common Stock

[$SUS.ST](https://commonstock.com/asset/SUS.ST:equity) (Surgical Science Sweden) [$SDI.L](https://commonstock.com/asset/SDI.L:equity) (SDI Group) [$NEM.DE](https://commonstock.com/asset/NEM.DE:equity) (Nemetschek) [$KSPI.L](https://commonstock.com/asset/KSPI.L:equity) (Kaspi.kz) [$BICO.ST](https://commonstock.com/asset/BICO.ST:equity) (BICO Group) $APPS $PUBM $XMTR

![Image upload](https://cdn.commonstock.com/e4ac3d566afc5e19e27db5bad847bef174e65b626d8a8b106ff5a4ff13113ce1-928x907.png?fit=max&auto=format&w=704)

**New:** $PUBM.
**Increased** [$NEM.DE](https://commonstock.com/asset/NEM.DE:equity) by 7%.
**Decreased** $APPS and $AXON both by about 50%.
**Sold** $NUMND (Nordic Unmanned) at ~12 NOK.

**Performance** for consistency and transparency, cash not included:

- Internal rate of return: -51,08%.
- True time-weighted rate of return: -41,1%.

![Image upload](https://cdn.commonstock.com/e4a1fd0001906b82df1a69252f37a23f26c77af21758b64842f10a687cf9d4c5-840x56.png?fit=max&auto=format&w=704)
IRR tracks the performance of actual money invested and distributed over time, so impacted by market timing. TWR eliminates the impact of the timing of cash flows and isolates the portion of a portfolio's return that is attributable solely to my stock picking skills.

Don't need to say that my performance is kinda devistating. I shared my thoughts about that in my 2022 recap: [Part 1](https://commonstock.com/post/e828fa92-b098-4d65-823e-88a94107da42) & [Part 2](https://commonstock.com/post/ee4c77ec-e338-4c2e-a1b0-81ae692d4380).
Cheers.