June 2021 Performance
Nothing much happened in June, but the portfolio did quietly gain 4% for the month. There were no crazy moves with any of my holdings. I continue to slowly add to Ginkgo Bioworks with the position now making up ~ 2.2% of the portfolio. Cash holding remains steady at ~ 7% as I am unable to find anything attractive in this market.
I did enter into a merger arb play with Kindred Biosciences.
This company is being acquired by Elanco for $9.25 in cash. I am playing this via
short Puts. I don’t see anything that can derail this deal, but time will tell.
That is it from me…
2021 Performance = +5.51% with the running monthly returns as
follows:
January
-2.1%
February
+0.6%
March
+0.99%
April
+5.77%
May
-3.56%
June
+4.0%
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