2025 Stock Portfolio
An evolution to diversify
Oh, what’s this?
As promised, here you’ll find a detailed review of what is currently in the portfolio and a few thoughts on the current evolution of my investment strategy. You’ll notice a few things at a glance:
Many of the stalwarts of my portfolio are still there in size.
There are many new small positions, many at 1% or less of the total portfolio.
Included are some ETFs and slow growth dividend paying stocks like TD, Royal Bank, Fortis, Canadian Pacific Rail, and Pepsi.
Constellation and the ugly stepchild Pinetree still make up just around 45% of the total so I’m sure a lot of people will claim foul on my diversification claim (okay then).
I recognize the hypocrisy, okay?
Hedging my own stupidity
There are few things that I took away from attempting to be very concentrated in the last few years. It was a great way to sharpen my decision making skills and for that I am glad I did it. That being said, it reinforced my humility to some degree as well. For this I am grateful.
One can steal ideas, but no one can steal execution or passion.
-Tim Ferris
A part of my thinking about diversifying is that I want to source great ideas from others. Some of the ideas I have sourced from others are on this list. Particularly some small bets on Canadian microcaps from
are on the list and some I have held for a little while sourced from discussions from others that prefer to generally not be credited so I will refrain. I originally heard about Rand Worldwide from reading . Terravest was a popular idea over the last two years on financial twitter. This is to say that basically nothing is really and truly my idea but rather my decision to invest in a idea.
The other aspect surrounding my desire to evolve the strategy to be more diversified is more of a personal one. I have had the fortune of getting to a stage where the goal for me personally is no longer to shoot out the lights to try to grow the pie. I am now transitioning to looking to protect the downside more than reach for returns. I am mid-thirties so need to think about the next few decades as my career chugs along and shift my perspective on what my longer term goals are. This explains a decent allocation to boring things like Pepsi and Railways and banks that pay a slowly growing dividend and also a few different ETFs that broadly will match a few quality and value buckets in a broad sense.
The Breakdown
There’s a grand total of 37 stocks now in the portfolio. The top 9 make up greater than 75% but the top stocks are well diversified businesses.