Monthly Portfolio Review - October 2021

Transactions

Acquisitions

I added to my positions in the following companies:

  • Sea Limited ($SE)

  • Innovative Industrial Properties ($IIPR)

  • PayPal ($PYPL)

  • DocuSign ($DOCU)

I didn’t open any new positions this month.

Allocation

Final Words

At the end of September you will recall that I disposed of Futu Limited reducing my holdings to 23. At the start of October I reinvested the proceeds in Sea Limited. So far this has been a very fruitful decision as Futu is down 41% whilst Sea is up 9%. I can’t say I predicted this would happen but it is always satisfying when a decision you make pays off, even if it's only one month later. Sea is my highest conviction holding and now makes up almost 10% of my portfolio. For any new readers you can read about why I am so bullish on Sea below.

The Wolf of Harcourt Street
Sea Limited Investment Thesis
Sea Limited Ticker: $SE Sector: Communication Services Market Cap: $129.9 billion Overview Sea Limited is a leading global consumer internet company founded in Singapore. Their mission is to better the lives of consumers and small businesses with technology. The company operates three core businesses across…
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The real big change in my weighting is Cloudflare after its parabolic run rising a whopping 73% in October. At the end of September this was my 9th largest holding at 4.8% and now it's my 3rd largest at 7.5%. I like to let my winners run, Cloudflare is a 6 bagger for me. 

I expect to cut another stock in November as I continue to concentrate my portfolio. Allocating more resources to my best ideas is now one of the mantras of my investing philosophy. There are a couple of front runners in my Tier 4 holdings but the decision is still to be ratified by yours truly. 

Check out last month's portfolio review

The Wolf of Harcourt Street
Monthly Portfolio Review - Q3 2021
Today’s Newsletter is Proudly Sponsored By Potential Multibaggers From Growth To Value's (@fromvalue) marketplace on Seeking Alpha Shopify at $77? Sea at $54? Cloudflare at $39? The Trade Desk at (a split-adjusted) $19.5? These are just a few of the picks that…
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Happy investing

Wolf of Harcourt Street

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Disclaimer: I am not a financial adviser and I am not here to give specific financial advice. The opinions expressed are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. The information is based on personal opinion and experience, it should not be considered professional financial investment advice. There is no substitute for doing your own due diligence and building your own conviction when it comes to investing.