It’s an interesting week to first post my portfolio on Commonstock because for the first time ever, $NVDA is my largest holding.

Stay tuned for a memo showing how $NVDA went from a minor position to my biggest holding.
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Pat's avatar
@patwallenNovember 8
I bought Into them when Congress started calling for broad investment into local chip makers. I knew it was only a matter of time before that stick took off. Doubled my money!
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Ian Gray's avatar
@iangrayNovember 8
Author
@patwallen Nice! It’s been a good one
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Joseph Hickey's avatar
Funny thing it’s my largest holding too.
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Andy Buchanan's avatar
When did you first buy Nvidia? And how did you first hear about it?
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Ian Gray's avatar
@iangrayNovember 8
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@andybuchanan December of 2018. It had been in the news because of inventory management issues. They had basically bet too heavily on crypto and when the prices fell, the demand for their GPUs fell. I read up and figured that it would be a short-term headwind
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Venkat Venkataraman's avatar
@iangray - yeah, I did the same!! I was betting on Jensen and he did not let us down :)
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Joshua Simka's avatar
Thanks for sharing, @iangray, and happy first portfolio post! This strikes me as a great mix of stocks representing diverse opportunities in high growth ($NVDA, $SQ, $TSLA); steady moneymakers ($DIS, $HD, $AAPL); and even various market caps (I see you, $ATY!). Curious if you built it out this way intentionally? Looking forward to your $NVDA memo but I'm just going to throw out a guess that it grew to your #1 holding mostly on its own? :)
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Ian Gray's avatar
@iangrayNovember 9
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@tomato Thanks! My portfolio structure was intentional along similar lines to what you were describing. I tend to add stocks in phases based on what I think my portfolio is lacking and where I see opportunities in the market. For instance, I started with some large caps that had exciting growth initiatives ($PYPL and Venmo, $DIS and Disney+, $GM and Cruise, etc). Last year I was focused on small caps like $ATY, $IZEA, and $ATER. Recently, I have been getting into more “GARP-y” type names like $ELY, $AZEK, $SFM.

And you would be correct on your $NVDA guess :)
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Joshua Simka's avatar
@iangray re: $NVDA, I love when stocks do that! 🤑 Do you still own$ATER (thinking you might not have included it here if it's less than 2% of your port?) and do you have any thoughts on today's report?
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Ian Gray's avatar
@iangrayNovember 10
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@tomato I do still own $ATER (the Commonstock graphic only shows top 10 positions, but I actually have about 40, $ATER is about a 1.5% position)

I thought the report was ok, nothing great, but they are trying to say that the business is stabilizing and will resume growth mode in 2022. That’s possible, but I am a little worried about the balance sheet. The cash balance given the burn and debt obligations is a bit dicey. For me, I’m willing to hang around and see if they can weather the storm, but I don’t it’s going to be all blue skies going forward.
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sam stribling's avatar
@iangray $NVDA took my top spot by overall weight today in my portfolio! Similar to you I just let it run and grow. What a great company.
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Ian Gray's avatar
@iangrayNovember 10
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@strib it’s awesome when companies grow into that top position
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