Sunday, May 30, 2021

May 2021 Performance

May was another down month for my portfolio, but I managed to put some cash to work (cash holding now ~7% from ~9%). Airbnb had a nice decline with the lockup expiration and correction in the technology stocks. I added to my Airbnb position in the 130s and looking to add aggressively if it ever hits the 120s.  

I’ve been keeping a close eye on Ginkgo Bioworks and am very impressed with this company. I initiated a 2% position in Ginkgo Bioworks after the SPAC merger announcement. I rarely invest in these unprofitable moon shot investments, but I really like the founder’s vision. This company is the real deal and the leader in the emerging synthetic bio space. I’m looking forward to seeing how this one plays out over the years.

No merger arb / special situation plays in April. Still continuing to sell way out of the money puts to generate some income.

 

2021 Performance = +1.46% with the running monthly returns as follows:

January -2.1%

February +0.6%

March +0.99%

April +5.77%

May -3.56%


Monday, May 03, 2021

April 2021 Performance

 

Well I finally made it back to positive territory with April’s performance. I can thank Constellation Brands and Visa for their April contribution. Cash still remains steady at ~9% as I still do not see any compelling opportunities out there. There were no major transactions with my portfolio other than generating some incremental income by selling way out of the money weekly Puts.

April was really a boring month with merger arb / special situation plays. I did absolutely nothing in this space, which is pretty rare.

So, this is really a short April recap as there is not much to report. I’m morphing into a true long term buy and hold investor.

 

2021 Performance = +5.2% with the running monthly returns as follows:

January -2.1%

February +0.6%

March +0.99%

April +5.77%