$SMH (-3.3%)

Up over 40% in one month. Who is on board?

Still agree with the people who said it before.... Sold my shares of covered call ETFs worth +-€10,000 today. $JEGP (+0.47%)
$JEPQ (-0.09%)

In their place:

• €1000 $BTC (-0.15%)
• 
  €3000 $SMH (-3.3%)
• 
  €3000 $VWRL (-1.24%)
• 
  €1500 $TDIV (-0.1%)
• 
  €1500 Cash

Reason: I am 22 😅.

Another strong year with a lot of profit. After a return of around 40% in 2024, I was able to achieve another strong return of 26% in 2025. I was able to realize a large part of the profit with my two Tenbagger shares $RGTI (-6.45%) and $PLTR (+0.52%) but the rest also performed quite well.

Due to the high gains in the two individual stocks, the weighting in my portfolio shifted massively and I took this as an opportunity to really tidy things up.

Portfolio realignment 2026

I would like to share the strategy I am pursuing with you. I have not yet reached the desired weighting, but I am slowly getting closer again.

The strategy is based on 3 different pillars and looks as follows:

CORE: ALL WORLD AND SWITZERLAND(40%)

The core consists of the broadly diversified world ETF $VWRL (-1.24%) (approx. 30%) and with approx. 10% $CHSPI (-1.28%) as an overweight of the home market

GROWTH AND QUALITY (35%)

The second part consists of some quality stocks with solid growth or dividends such as $SREN (+0.95%)
$ROG (+0.42%)
$BION (-1.82%)
$MSFT (+3.42%)
$SIE (-4.9%) and the two trend tech ETFs $SMH (-3.3%)
$XAIX (-2.1%)

TENBAGGER SATS (20%)

Here I look for promising companies that have the potential to multiply and invest small amounts (currently max. CHF 1000). This is of course a high-risk investment, but I try to outperform with these stocks. By selling some of my tenbaggers, I was able to add new candidates to my portfolio.

These are all my potential price rockets:

$PLTR (+0.52%) : my first Tenbagger. Here I have already realized about ten times my investment through partial sales. The rest will remain in the long term.

$RGTI (-6.45%) : my second Tenbagger. I have realized approx. 8.5 times the stake through partial sales. The remainder is also left lying around.

$TER (-5.14%) Chip testing, benefits massively from the AI chip boom.

$CELH Fitness energy drinks with strong growth and expansion into the mass market.

$CRSP (-3.55%) Gene editing with huge health potential.

$MIPS (-5.48%) : Safety systems for helmets. The technology is licensed to numerous helmet manufacturers in the sports and industrial sectors.

$RKLB (-5.49%) : Rocket launches and satellites and established SpaceX chaser.

$JOBY (-2.47%) Pioneer in urban mobility with air cabs and vertical take-offs.

$NU (-5.21%) Digital neobank with enormous scaling potential in underserved markets such as Brazil, Mexico, etc.

$RBRK (+1.49%) Cybersecurity

$IONQ (-9.17%) Quantum computing. Highly speculative moonshot potential for computing power beyond classical computers.

I also hold approx. 5% in Bitcoin

My AMD warrant shoots up 140% and triples after only three months. Nice Monday. I'll look into a reallocation later.

OpenAI and AMD have reached an agreement that could lead to Sam Altman's company acquiring a 10% stake in the chip manufacturer.

OpenAI will deploy up to 6 gigawatts of AMD Instinct GPUs over several years, starting with a 1-gigawatt rollout in 2026.

AMD has issued OpenAI a warrant for up to 160 million shares, with vesting subject to deployment and share price milestones. $AMD (-5.08%)
$NVDA (-4.01%)
#openai
#ai
#ki
$SMH (-3.3%)

Today I said goodbye to $SMH (-3.3%) today. Despite the volatility, the entry in April was worthwhile and brought a nice profit of +40%, and that with an ETF! It wasn't a long-time play anyway, as it was a sector ETF.

Part of it went into the $QDEV (-0.45%) together with my DCA, and later I will also get $TDIV (-0.1%) get another share.

This means that companies such as $AMD (-5.08%) , $MU (-6.7%) , $INTC (-5.72%) and others are completely out of my portfolio, 0% exposure.

My US share is now <60% and tech at 38%. The top 10 stocks make up less than 30% of the total weighting. This makes me almost as unconcentrated as the $IWDA (-1.2%) and better diversified than the $CSPX (-0.91%) .

New portfolio key figures:

P/E 30.0 (<30) 🟡

Forward P/E 21.6 (<25) 🟢

P/Β 13.0 (<5) 🔴

D/E 0.8 (<2) 🟢

EV/FCF 28 (<25) 🟡

ROE (5-Jahres-Durchschnitt) 50% (>15%) 🟢

EPS growth for the next 5 years 23% (>7%) 🟢

Sales growth (5-year average) 15% (>5%) 🟢

With this high ROE, I am also ok with a high P/E.

Top 10 positions now:

Alphabet $GOOG (-0.61%)

NVIDIA $NVDA (-4.01%)

Broadcom $AVGO (-2.93%)

Microsoft $MSFT (+3.42%)

Meta $META (-0.58%)

Apple $AAPL (+1.02%)

Roche $ROG (+0.42%)

Taiwan Semiconductor $TSM (-2.59%)

Mastercard $MA (+0.98%)

Visa $V (+0.86%)

Today I reduced my semi-ETF by 20% to bring the weighting from 15% to 10%.

No single position has a total weighting (ETF+single stock) above 5%, which is also my threshold. I always want to stay below 5% exposure.

My forward P/E of the portfolio has also fallen to 23, which is below my target of <25, despite the high tech allocation.

This means that my tech sector weighting is now in line with my world ETF $QDEV (-0.45%)which contains around 40-49% tech. I'm happy with that. I'm just still tech-bullish.

I have also reduced the USA region to 63%, almost identical to my world ETF (61%), and thus within my target range of 60-69%.

My favorites in the semi area remain anyway $TSM (-2.59%) and $HY9H (-6.78%) which I bought cheaply and undervalued as individual positions.

$NVDA (-4.01%) is and remains king, but I do not believe that the annual return will remain above 10% in the next few years, for this the market cap would have to grow by 400 billion every year, which I think would be difficult. $AVGO (-2.93%) currently has a P/E 5x greater than forward P/E, which shows that analysts are extremely bullish on future earnings. I am also bullish, but not as strongly, so the stock has already run very hot.

My top 10 holdings with 32% total weighting are currently:

4.95% $TSM (-2.59%) Taiwan Semi

4.65% $NVDA (-4.01%) NVIDIA

4.55% $GOOG (-0.61%) Google

4.47% $AVGO (-2.93%) Broadcom

2.85% $MSFT (+3.42%) Microsoft

2.63% $META (-0.58%) Meta

2.37% $AAPL (+1.02%) Apple

2.04% $ASML (-5.28%) Asml

1.95% $MA (+0.98%) Mastercard

1.91% $JPM (-0.37%) JPMorgan

Had bought another larger tranche in April during the 🍊crash $SMH (-3.3%) which has also performed well so far.

Many posts here bullish purchases of $NVDA (-4.01%)
$AVGO (-2.93%)
$QCOM (+0.62%)
$ASML (-5.28%)
$TSM (-2.59%)
$AMD (-5.08%)
$MU (-6.7%) etc.

But no posts from sector semi ETFs.

Did I miss something or why does it feel like I have an old dinosaur in my portfolio?