Q2 2024 Portfolio Update
Performance Overview
For Q2 2024, my stock picking portfolio was down 2.5%, and is down 2.1% year to date. The Q2 starting balance was $87,934.88, and finished the quarter at $108,168.35. Contributions to the portfolio during the quarter amounted to $22,471.
Portfolio Composition
The current allocation of the portfolio is shown in the chart below. Currently, the portfolio consists of 17 stocks. The top five largest positions are British American Tobacco BTI 0.00%↑, Alico ALCO 0.00%↑ , Bank OZK Preferred OZKAP 0.00%↑ , Capital One COF 0.00%↑ , and Simon Property Group SPG 0.00%↑ .
Current Holdings
My portfolio generally consists of two types of stocks. The first is quality companies that I believe are facing a negative setback in which the market has over-reacted to. I will typically perform more due diligence on these companies, and size the position around 10% of the portfolio at purchase.
The other stocks I hold could be trading at a low valuation multiple, be a net-net, special situation, etc. I usually do less due diligence on these companies, and hold them for shorter periods of time. Accordingly, I take a basket approach where each individual stock makes up 2-5% of the portfolio.
Stocks Purchased
Stocks Sold
Dividends
alico-type land plays are tough.
the only public 2 that have worked are when a major investor loses too much money with incumbent management and are explicitly (joe) or implicitly (tpl) forced to run the company.
ironically, the 'best' land from a residential perspective (california, hawaii) have been the worst plays for 3+ decades.