Friday, July 02, 2021

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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