#116 - Portfolio Update Jun2024

TL;DR

Meh month…

Performance update

Holdings

Highlights

Top contributors:

• $AEBZY: Surprised again, but not complaining!
• $DUR.AX: Time for a rebound?
• $DRM.TO: Not sure I should get my hopes up…

Top detractors:

• $CPH.TO: Watching the paint dry; not seemingly as cheap as it used to be, but the optionality is probably higher.
• $BUR: Again a top detractor (2 months in a row)
• $GUD.TO: probably went too high last month

Changes

• New:
  • $XMTR: not profitable yet (what am I doing?!) but I kinda like this business
  • $WISE.L: I’m a sucker for this one
  • $CHE-UN.TO: very possibly a case of diworsification; I’m in it for the (safe?) dividend but I don’t know how long I’ll stay
• Added:
  • $BUR: Added on weakness
  • $CGEO.L: Added on weakness
  • $BUR
• Trimmed:
  • $CXI.TO: Several quarters of lackluster performance

Learnings

I’ve seen a few accounts on X sharing YTD performance of 30%, 40% and more.

I’m jealous.

Outlook

I have two small new positions I’m looking to introduce in my portfolio, one from Sweden and one from Hong-Kong, but cash is scarce.

I should also start simplifying, I have too many stocks.