We made some changes in the high growth portfolio this morning. We sold a bit more than half of our Xometry position at the opening and got $44.39. We sold 900 shares, leaving 700 in the portfolio of 1.59. I will reconsider the position as it is too small on a permanent basis in the…
Lots of companies have reported their Q2 results-several hundred in fact. Within our high growth portfolio 4 companies out of 8 scheduled to report this week have now done so. For the most part, the earnings reports emerging range from good to excellent. Q2 is shaping up to have been a better quarter for software…
Unity shares dipped this morning after their 27% rally the prior week. As mentioned in the commentary which should be received shortly, we have reevaluated our sale of Unity based on data from analysts about the early success of Vector. The data is quite encouraging and we decided to undo the sale, and expect to…
Shares of Rubrik traded down a few percent this morning. The NAV of the portfolio rose because of spikes in Unity and of course Pagaya. This allowed us to buy another 100 shares of Rubrik at $83.41 without changing our overall net long percentage which remains 130%. The purchase cost $8350 and brought our margin balance to…
We sold 500 shares of Unity at a price of $33.59 today. The shares have risen by 36% month over the last month without any substantive news. Yesterday, the company made a filing that Stephens Investment Management had about 825k shares for about $16.2 million. I doubt that the filing has had much to do…
AS we had discussed in this week’s commentary, we believed that the recent appreciation of IT stocks had taken some of the positions in the portfolio to valuations that were a bit stressed. Today, that opinion was seconded by the analyst team at Raymond James with regards to Nutanix. That precipitated our sale of a…
Summary Unity is undervalued and poised for growth due to its AI-driven Vector model for advertising targeting and a user-friendly Create business model. Despite recent market turmoil, Unity’s technology refresh and AI advancements present significant growth opportunities, making it a strong buy in the high-growth tech space. Unity’s Create business, bolstered by the new Unity…
I often write about being a long-term investor. Obviously the portfolio move above is not consistent with that strategy. I entered a small position in Mongo shares a few months ago. I was counting on a growth rate inflection. The inflection came all right-but it was in the wrong direction. I think when a mistake…
A bit of alliteration-perhaps intentional. I have gotten more than a few questions on what tariffs will mean for the market-and very specifically the Ticker Target High Growth portfolio. In the short term I imagine the impact is obvious. The Ticker Target high growth portfolio has fallen about 17% since it hit a high little…
We have made the following changes in the high growth portfolio earlier this morning. CompanySharesPriceB/STotalOld Position New PositionWeightSprount Social1,500$66.69S$40,0251,50000%Datadog120$117.01S$14,02512000%Braze800$37.49B$30,00008003.5%Xometry300$27.69B$8,3151,2001,5003.4%Unity400$26.59B$10,6451,3001,7003.7%Procore50$79.49B$3,9805506003.9% Sprout Social reported yet another disappointing quarter with revenue growth forecasted at 10% for the full year. The company continues to report growth in bookings in the mid-high 20% range but somehow the bookings never translate into revenue…