๐ธ ๐ ๐ข๐ก๐ง๐๐๐ฌ ๐จ๐ฃ๐๐๐ง๐ ๐ธ
๐ ๐ผ๐ป๐๐ต ๐ฏ๐ฏ โ ๐๐ฎ๐ป๐๐ฎ๐ฟ๐ ๐ฎ๐ฌ๐ฎ๐ฐ
๐ข A fantastic start to the year โ our portfolio was up 6.75% in January! ๐ข
2024 started really strongly for our portfolio. We massively outperformed the indices in January, producing an impressive gain of 6.75%. This compares with the S&P 500 ($SPX500), up 1.59%, and the Nasdaq 100 ($NSDQ100), up 1.85%.
Although Iโm delighted with this result, itโs important to remain realistic. This level of outperformance is unusual, and itโs definitely not possible to outperform the index consistently month on month. My goal has always been to outperform over the long term โ sticking to my strategy of buying and holding high quality companies will hopefully achieve this.
Looking into what contributed to Januaryโs performance, thereโs one stock that stands out by far. Our largest contributor was Nvidia, which is also our largest holding and has now become an even larger percentage of our portfolio. Nvidia gained a massive 24% in January and accounts for 14% of the portfolio.
Novo Nordisk and Fortinet were up more than 10% during the month, and Microsoft, another large holding of ours, also contributed significantly.
Some of our stocks did disappoint. Our worst performer was Nibe Industrier, a Swedish company that manufactures sustainable cooling and heating systems. It fell 9% in January. We also have stocks such as McDonaldโs and LโOreal which were down fractionally during the month, underperforming the indices.
January performance:
Performance of our portfolio: 6.75% ๐ข
Performance of the ๐ฆ&๐ฃ ๐ฑ๐ฌ๐ฌ: 1.59% ๐ข
Performance of the ๐ก๐๐ฆ๐๐๐ค ๐ญ๐ฌ๐ฌ: 1.85% ๐ข
๐๐ฎ๐ฟ๐ด๐ฒ๐๐ ๐ ๐ผ๐ป๐๐ต๐น๐ ๐ ๐ผ๐๐ฒ๐บ๐ฒ๐ป๐๐:
Top contributors: $NVDA (NVIDIA Corporation), $NVO (Novo-Nordisk A/S SPONS ADR), FTNT, $MSFT (Microsoft)
Top detractors: NIBEB.ST
Iโve included a chart displaying the current composition of the portfolio as at the end of 31st January 2024.
The monthly factsheet is also available on my website: www.jamiemarc.com/factsheet.php
Regards,
Jamie... Show More