8/2/24 - VROCKSTAR portfolio snapshot bc mkt is cray cray

don't really anticipate doing these so often really.

but so much has happened and i've been maxing out GDLC (as many of you know, then sizing it down), in and out of weird EPS stuff, semi's weren't really even in my portfolio prior, now they are. god knows what happens next. I like a cash buffer, but equally i had gotten pretty cash heavy the last week/s-ish as you know, so i've been deploying hard.

GDLC - 30%. Still trades at a massive discount. Would size the hell out of it if I didn't think BTC and really general risk didn't look so trashy. Also I like the discounts I'm getting on trad mkts.

META - 10%. The best beta for mega cap. Great results. Great cash gen. Will obviously "follow the market" but it's the first bid among the mag7 IMO into YE and will be a big outperformer. I'm a big buyer of dips here all else equal. Have a closer look if you haven't already and read my note.

DLO - 5%. Speculative. I know the company well. Super shorted. LT compounder. But this coming Q could be the kitchen sink. So even 5% is large. But it's trading at lows and positioning is off. MELI's solid results help give me confidence and Chinese keep moving hard in LatAm.

TSM - 5%. Staple semi. Best risk/reward for volatility. No competition. Sub 20x PE for 20-30% CAGR for as long as eye can see. Eventually this re-rates.

LULU - 3%. 17x PE still not cheap, but I think it's the marginal winner in a tough discretionary space for apparel. Even those who can't afford it are still buying. Some operational challenges, but have a long roadway ahead. Go read my comments for more deets.

NXT - 3%. Great results. Bad mkt timing all else equal. I think this gets held hostage for a few weeks, but the risk reward in a YE context is great and 'tis a multi-year compounder. Sizing this thing is key. You've seen my notes. I trade around. But at low $40s you're getting great value.

CELH - 3%. Expensive, but grows like a weed. Fastest growing beverage brand, a lot to go. Think it gets bid among staples before others. But not without the challenge in terms of the multiple mkt has to pay for it. Was 2% earlier today and took to 3%. A bit of a swing in there, think I'm probably a tad too large, but playing a reversion to the mid-high $40s in the coming week/s.

AVDX - 3%. WTF how did i get into this position w/ such large size. I kept doubling and today i took it from ~1.25% to 3% on the dippity dip. I think this is a clear candidate for a reversal, but it's not going to be a mainstay in the portfolio. I just think the tape is pressuring this and fundamental buyers will send it up 10-15% and i'm out.

NVDA - 2%. Also a semi staple. I'm in and out of this alot. Idea is to make this a 5% position. I've been trading it well, earlier today I was actually at 5% but took some off as the semi's ripped and am playing beta thru the more rocket fuel SOXL degen below.

About 25% cash.

The rest are calls on some small caps I've written about and smaller positions. SOXL weeklies is the most degen thing I have rn b/c i think positioning is off.

Others I like in 50 bps to 1.5% sizes in no particular order: BLDE, TEAM, BTDR, SNAP (swing today only b/c off 30%), PLYA, $NASDAQ:PYCR, $NICE.

Hope it helps. Stay solvent and healthy.

We'll sort thru this mess together.

V