#114 - Portfolio Update May2024

TL;DR

Undeserved Cruising.

Performance update

Holdings

Highlights

Top contributors:

• $AEBZY: I’m surprised; earnings were so-so.
• $B3.ST: just jumping around while we wait for the Swedish economy to get their shit together.
• $DRM.TO: meh, just due to size of the position.

Top detractors:

• $CGEO.L: pretty big loss given how small the position is. Geopolitic issues. Might be an opportunity?
• $BUR: just noise

No other significant detractor this month, surprisingly.

Changes

• New:
  • $HR-UN.TO: another REIT, seems somewhat safe.
  • $PRKA: for $Geoff (small position)
  • $PCSV: pitched by Ian Cassel; made sense to me.
• Added:
  • $DRM.TO
  • $DUR.AX
  • $BUR
• Trimmed:
  • $KSPI: Needed some cash.

Learnings

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Outlook

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