Q2 2022 Portfolio Update

The ups and downs

Performance and Portfolio Changes

This past quarter my portfolio has performed similar to most benchmarks. It has clocked in around -17% for the quarter and -20% for the year to date.

During the quarter I sold out of a few positions ( META 0.00%↑ , MO 0.00%↑, , BTI 0.00%↑ , FAST 0.00%↑ ) and added to Constellation Software, Leatt, and XPEL 0.00%↑.

Current Focus

I recently wrote about some of the mental impact that I am still feeling from the ongoing market volatility and the temptation to change course and try a new strategy. With a changing market sentiment and shifting macro economic outlook.

I’m going to continue to focus on what I’m holding for now. I will continue to look for new opportunities but I firmly believe there are at least a few real winners in the portfolio that I could likely continue to add to over time when prices are falling in the market.

Watchlist

I’m continuing to study Pool Corp POOL 0.00%↑ OTCM, Galaxy Gaming and Texas Instruments TXN 0.00%↑. I’ll do more writeups on new ideas in July and also some updates on businesses I’ve covered previously.

Look out for a premium post on a comparison between Alimentation Couchetard and Casey’s CASY 0.00%↑ - two excellent performers in the convenience store industry.

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That’s it for now, check back soon for more. As always, follow me on twitter and please share this with anyone who might interested in my work.