My Simple Portfolio

Few companies, strong convinction.

Editor: @Emanuele20x

Given the interest and feedback that I’ve received, I will share my portfolio updates periodically and the rationale behind any adjustments and changes.

As of this moment (late July 22’), my positions are:

This is not investment advice.

At the beginning of the month, AAPL 0.00%↑ was my main position at ~45% of the portfolio.

Arnaldo Trezzi @arny_trezzi

Don't tell me what to do. Tell me what you do. This is what I do. $AAPL $PLTR $AMD $TSLA

I recently exploited the 15% divergence between Apple and MSFT 0.00%↑ in order to reduce Apple and make Microsoft 15% of the portfolio.

Arnaldo Trezzi @arny_trezzi

$MSFT ~15% behind $AAPL YoY Gap to close?

The rationale is simple:

• Less China-Taiwan Risk: China is Apple’s most important market for growth but relies on CCP and is more vulnerable if tensions with Taiwan arise.

• More Recurring Revenues: MSFT 0.00%↑ Revenues are mostly Recurring, which offers more downside protection if a global contraction happens.

• Same “Big Tech” exposure: they tend to move together because they have the same exposure, or as investment managers say “Beta”.

I consider Apple and Microsoft my “steady compounders” which I could “sacrifice” if I get the opportunity to increase Palantir at an insulting price like $5.

AMD 0.00%↑ is an outstanding business in the making, I shared this exciting idea with Dominic Rinaldi and Kris Patel:

As you may have noticed, I am not really interested in macro.

I am just focused on pursuing outstanding companies which can survive in whatever environment and pay the lowest price possible for them.

Arnaldo Trezzi @arny_trezzi

If you have outstanding companies you should not be scared of "inflation" "recession" "stagflation" and other "ION" words. Are you scared? 😁

"If you spent 13 minutes a year on economics, you’ve wasted 10 Minutes" - Peter Lynch

Are you interested in this kind of update? Please let me know with a comment!

Yours,
Arny

Join me on:
Twitter: @arny_trezzi
Youtube: @Arny Investing
Discord Channel

View expresses are my own. Do not represent Financial Advice. 

I own PLTR 0.00%↑ AAPL 0.00%↑ AMD 0.00%↑ MSFT 0.00%↑ stocks.