November 2022 Performance

It’s been a wild ride as we head toward the end of the year. The only minor change to my portfolio was executing some tax harvesting trades with Airbnb and Gingko Bioworks. Oher than that, my portfolio remains unchanged (Apple, Airbnb, Constellation Brands, Ginkgo Bioworks, Qiagen, Mastercard and Visa). I am surprised with the strength in Constellation Brands, which is approaching all time highs. I guess it was a good idea to have a position in a boring consumer staple.

 

No merger arb plays at the moment, but Horizon Therapeutics is interesting. I continue to play the Short Put game, but much less aggressively now.

 

That is really all I have to add. A buy and hold strategy is a boring report.

 

 

2022 Performance = -5.84% with the running monthly returns as follows:

January -0.68%

February -6.00%

March +4.89%

April -4.41%

May -2.90%

June -7.28%

July +12.5%

August -3.1%

September -9.5%

October +11.55%

November +1.52%