Portfolio Update #10 (9/14/2023)

Current holdings and allocations, and reasons behind recent buy / sell / hold decisions.

Update #10 (9/14/2023)

Given recent price movements and observations with CDLX and CVNA, I wanted to provide a Portfolio Update.

Additionally, I have found these updates a good place to discuss high-level items going on with CDLX and CVNA (such as recent insider selling, which I’ll discuss), rather than doing in-depth separate updates of Research Notes.

Discussion items today include:

• Current Allocations

• Recent Actions

  • Including thoughts on recent increases in CDLX and CVNA

  • Specific event / time I’m waiting for, before considering a specific action

  • Thoughts related to new potential investments / positions

• Returns

  • Since Last Update

  • Since the 1st Update

  • YTD (net worth has increased 11.35x YTD, to new all-time highs, given CDLX and CVNA returns + added + leverage)

• Updates on CDLX and CVNA

  • Includes discussions on recent insider selling

• Summary of Recent Allocations, Prices, and Actions

This is the 10th portfolio update (see past updates here).

About Portfolio Updates in General

I was previously adding my buy / sell / hold decisions to my private notes on OneNote, but I thought it may be helpful to add these as a part of the Research Notes, given most of these decisions are a function of my research and the information I put out.

I believe this will also force me to think through my decisions a little harder and more concretely. Additionally, I can look back on these decisions to learn and improve.

Below I share my recent actions, the reasons, and a summary of my holdings and allocation of my investments over the last few months and up to today.

Current Holdings & Allocations, and Recent Buy / Sell / Hold Decisions

Note: Some of the allocation %’s and the market prices per share are as of when I took a screenshot and recorded the allocations, and are not based on the opening or closing prices of that date.