JamieMarc
๐Ÿ”ธ ๐— ๐—ข๐—ก๐—ง๐—›๐—Ÿ๐—ฌ ๐—จ๐—ฃ๐——๐—”๐—ง๐—˜ ๐Ÿ”ธ ๐— ๐—ผ๐—ป๐˜๐—ต ๐Ÿฏ๐Ÿฏ โ€“ ๐—๐—ฎ๐—ป๐˜‚๐—ฎ๐—ฟ๐˜† ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฐ ๐ŸŸข A fantastic start to the year โ€“ our portfolio was up 6.75% in January! ๐ŸŸข 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 Iโ€™m delighted with this result, itโ€™s important to remain realistic. This level of outperformance is unusual, and itโ€™s 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 Januaryโ€™s performance, thereโ€™s 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 McDonaldโ€™s and Lโ€™Oreal which were down fractionally during the month, underperforming the indices. January performance: Performance of our portfolio: 6.75% ๐ŸŸข Performance of the ๐—ฆ&๐—ฃ ๐Ÿฑ๐Ÿฌ๐Ÿฌ: 1.59% ๐ŸŸข Performance of the ๐—ก๐—”๐—ฆ๐——๐—”๐—ค ๐Ÿญ๐Ÿฌ๐Ÿฌ: 1.85% ๐ŸŸข ๐—Ÿ๐—ฎ๐—ฟ๐—ด๐—ฒ๐˜€๐˜ ๐— ๐—ผ๐—ป๐˜๐—ต๐—น๐˜† ๐— ๐—ผ๐˜ƒ๐—ฒ๐—บ๐—ฒ๐—ป๐˜๐˜€: Top contributors: $NVDA (NVIDIA Corporation), $NVO (Novo-Nordisk A/S SPONS ADR), FTNT, $MSFT (Microsoft) Top detractors: NIBEB.ST Iโ€™ve 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
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