Monday, October 02, 2023

September 2023 Performance

September was a brutal month with just about everything taking a dive. My portfolio declined 6.10% lead by all of my big holdings: Apple, Constellation Brands and Visa. It’s a really challenging market to have conviction to take on new positions. I do have a shopping list ready in the event the market does take a plunge for whatever reason.

I thought the market was starting to recover a bit with the recent IPOs. Other than the first day pop, the stocks (i.e. Arm Holdings and Instacart) could not hold onto their gains. Need some strong IPO follow through action to show market strength.

Not much on the special situations front. Still doing some short Puts here and there, but that has been it. A really, really boring month…

2023 Performance = +19.41% with the running monthly returns as follows:

January +8.04%
February -1.60%
March +6.31%
April +2.39%
May +1.02%
June +7.00%
July +3.85%
August -2.10%
September -6.10%


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