CHANGES

We have made the following changes in the income/stability portfolio: We sold our position in DXC at $31.79. This raised $8100. We purchased 200 shares of Cognizant for $71.49. This cost $14,310. And we added 70 shares of Dassault to the portfolio at a price of $219,99. This cost $15,410. The net of these transactions…

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We made a portfolio change in the Income/Stability portfolio. We sold our position in Ubiquity at the opening price of $319.75. The sale netted $75,130, The sale in no way reflects any change in the outlook for the company. It reflects, rather, the recent spike which saw the shares appreciate by 31% in two weeks.…

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As noted in our portfolio commentary, we purchased a position in the shares of Citrix (CTXS) in our Income/stability portfolio at Monday’s opening price of $131.49. This transaction used up the prior cash balance;  our purchase cost $17,760. In our portfolio commentary, we mistakenly reported that we had purchased 225 shares-my bad. We make an…

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We are enlarging our AYX position from about 5% to 7.5%; we have bought 150 shares at a price of $111.49. I get questions sometimes about the price we buy and sell in the model portfolio. We actually have a model portfolio that we manage on behalf of a specific (unidentified) client. Very often we…

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As mentioned earlier this week, we wanted to finish selling the RPD position. Today the shares advanced a bit and we finished disposing of the position. We are trying to direct some of the investments in the portfolio into names that we believe will reap outsize benefits from the end of the pandemic. Shift4 has…

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We made 2 portfolio changes this afternoon. We sold 50% of our position in Rapid 7. The sale does not reflect any foreshadowing of deteriorating growth. We think the space is strong and that Rapid 7 is gaining share in the SIEM market with competitive wins against Splunk. But the shares have about doubled in…

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As many subscribers will be aware, some of the cyber security names have appreciated very sharply this week. We currently have about 20% of our portfolio in holdings of CRWD and ZS. This week’s spike is most likely a function of investor interest in the space due to the Russian hack that has penetrated several…

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Earlier today, we made another change in our high-growth portfolio. We sold about 50% of our position in Atlassian-132 shares at $240.09.  This sale raised about $31,685.  Atlassian is a great company with a long runway of growth. But the shares have gained 25% in the last month. Part of that gain probably relates to…

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As many subscribers will have read, Pluralsight announced its acquisition by Vista Equity Partners for $20.26/share in an all-cash transaction. We think that Vista got a steal-but the press release suggests the company had shopped itself for some time period and this was the best bid. I have no reason to doubt the language of…

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