I’ve decided to exit a small part of my investment in $APP (+1.03%) .
Up 1.292% since my initial investment, this is one of the longest holdings in my portfolio (not that I’m very active selling), and the most succesful one.
Just like I’ve been doing with $CLS (+1.67%) , I’m trimming my position as it got too big (over 8%) in my diversified portfolio. Both companies are still in my top3 holdings, but both of them got too fat, too fast. Valuations at this point are rich and optimistic. I’m ok with exposure and risk but I don’t see any more explosive growth ahead, and possible corrections are in sight if momentum fades away.
That said, $APP (+1.03%) is one of a kind and I do think they have a moat that will grow over time as they keep collecting more and more data to work and improve their algorithm and platform, while entering new markets and boarding new clients. I think there is still room to grow, so eventhough I sold a small piece of it and plan to do it again if it keeps going up on the short therm, it is a company that I want in my portfolio and I would buy if a correction takes place.
