Portfolio Modifications - 04/03/25
Readjustments on the Active portfolio | Buy: Google, KWEB & Options.
I’ve always said that fundamentals, research & convictions matter, but beating the market comes down to execution. That’s what these write-ups will be about.
I will share through them every change in my active portfolio - stocks & options, reasonings & plans, before I even hit the buttons. I won’t update DCAs, I will only share my plans & new/closed positions in these write-ups. You can follow the rest directly on savvytrader.
https://savvytrader.com/wealthyreadingspro/long-term
I also recently opened a Buy & Hodl portfolio on which I will DCA $4,000 every month & focus on buying the best assets I can at the best possible price, 100% focused on fundamentals & valuation, without any active management.
https://savvytrader.com/wealthyreadingspro/buy--hold
Keep in mind that both portfolios have completely different goals and I can behave very differently on both for the same name - accumulating in the buy & hodl while selling in the active portfolio for example. Different rules apply.
My goal is to deliver alpha over the long term, not just six months under easy market conditions. If/when proven this content is valuable, it will be shared behind a paywall. No rush, though; it’ll stay free until proven valuable.
So here’s the deal: you get full transparency on my trades, right when I make them. If - and only in that case, it brings real & long-term alpha, it’ll be accessible only for a fee. I believe that’s fair enough, but feel free to provide feedback!
Active Portfolio - This is why I am sending this post today, to readjust the portfolio. It has nothing to do with the tariffs or the selling happening today, and everything to do with the write up shared yesterday & the two portfolios I will manage from now on.
Most of the stock I held should have been sold if I were to follow the rules I shared for active management. I did hold some names as I intended to keep them for the long term. But it isn’t the objective of this portfolio anymore, long term positions will be held onf the second one.
So it’s a fresh start, with clear rules: Only looking at strong fundamental companies, to buy at attractive price & following price action, with a focus on performance & not long term holding.
This is how it looks like today.
I sold Lululemon, Olo, PayPal & Hims. Again, this is only the portion on the active portfolio, I still own Olo, PayPal & Hims on my long term portfolio, as the investment case remains true today.
I want to make the distinction clear.
Buys.
Google | Shares @ $153.6
I did grow my position on Google because I still believe a bounce is coming, with the 10Y actually falling, the FED could start cutting rates & the market could have a relief bounce.
The stock continues to trade at ridiculous ratios & most importantly, price action is retesting its ATH breakout. If a bounce were to come, it would be the perfect buy.
KWEB | Shares @ $34.47
The tariffs announces made me very bullish on China, even more than I already was, for a few reasons - nothing I haven’t share before here.
1. E-com’s products - Alibaba, PDD & JD, will remain cheaper that equivalents in the U.S. even after tariffs. Also true for BYD’s cars & more.
2. Westerners will have to look for cheaper alternatives as everything will increase in price from one day to the other with tariffs. Chinese apps & products are well integrated in westerners lives.
3. China is getting plenty of stimulus ready to boost local consumption, innovation, investments & its stock market in general. Local consumption is & should continue to rise.
4. Neighbours are losing partnerships with the first consumer of the world, they will certainly look for new, more understanding partners - namely China.
5. They have leverage to negociate against the U.S. with their size in the economy, their huge holdings of treasuries, gold but also with their now prety strong soft power, with tons of partnerships lately.
I was bullish. I am even more now.
Chart remains very, so very bullish to my opinion.
We’re bouncing on 50EMAs but I wouldn’t be surprised if we were to lose 10% more to go kiss the 200EMAs depending on what comes next with tariffs. No biggy, I’ll be a buyerr if it happens.
JD | Jun18'26 70 Call @ $2.20
The arguments were shared here.
“Price action is also very positive, ranging in a higher box after a first pump late 2024. I’ll continue to say that the Chinese trade will be volatile, so I wouldn’t be surprised if we were to go and retest the low of this box - 10% or 15% lower than today’s price, but that wouldn’t concern me. It would just make me buy more.”
We are down 6% since this write up, so I am indeed buying more.
Hold.
I am holding both Nebius & Nvidia still as, as for Google, I do expect a relief bounce. I intend to cut both of them out of this portfolio if we were to continue dipping, somewhere below $20s for Nebius and under the tripple digits for Nvidia.