Opening Remarks
Happy Canada Day to my fellow Canadians! Since my last review back on May 6th, the portfolio has returned 31.7%, outperforming SPY by ~30% and SOXX by ~5.3%. Almost all of my core holdings contributed to this outperformance, along with several well-timed trades during the period. After a historic rally in semiconductors between April and June, I began to trim or exit several positions, rotating the proceeds into my next most promising theme — one I expect to outperform for the next five years (more on that below). When I last discussed my strategy, I mentioned that I’d completely exited my software and consumer defensive exposure — a move that paid off, since those positions would have been flat or negative over the period.
As always, I’m open to chatting about ideas and answering questions via Substack and X, so don’t hesitate to reach out!
Performance Summary
Quick stats
YTD: +87.96% (+$33,069)
Portfolio return (June): +13.63%
Benchmark (SPY): -1.28% / (SOXX): +12.6%
Deposits (Withdrawals): (-$1000)
Cash position: 1%
The remainder of this article will cover each of my positions, notable activity and a thesis recap on highlighted holdings.
