User Comment: What are you buying at the moment?
Victor: Hi K! Beat me to the punch. Glad you asked!! I’m not making any major changes today. What I am buying today may not be what you will want to buy, though. It really depends on what you already own in your own portfolio…I would always defer back to the largest positions in my portfolio, as those are the companies in which I have the highest conviction. DDOG, CRWD, OKTA, AYX. I have more than 10% in each of those companies and feel they are benefiting from the acceleration of the digital transformation brought on by Covid. Personally, today, I did buy a little more ZM (Just a 2% position) and just sold my remaining 2% TTD today. I like TTD a lot, but its run all the way back up to its highs again and I fear it may be hurt long run by a Covid-19 marathon duration. I also am slowly building my NET position right now, but its currently only at 3%. This market has run up a LOT very quickly and my next earnings call is not until OKTA on 5/28. I’m maintaining about 10% cash in this uncertain time so I have a little tinder to buy if/when there is a second down wave. Hope that helps.
User Comment: Can you send a snapshot of the current distribution of your portfolio?
Victor: Here you go!
Note: I have not purchased more DDOG or OKTA recently… the stock has simply increased so much that they have increased as a percentage of the whole significantly. As an example, DDOG was at $28 on March 16. It is now at $70! That will quickly change the percentage of the whole… in December DDOG only made up about 4% of the portfolio.
User Comment: Thanks so much. Super helpful. I’m rebalancing so this helps.
