After a +80% gain, I closed my NVIDIA position FIRST yesterday.

Technically, I expect an interim correction in the near future, so I took profits.

🔄 I have now reallocated the capital into two new stocks:

Brown & Brown (BRO) $BRO (+1.53%)

→Insurance broker with a clear focus on its own clients, which is very much in line with my own daily work as an insurance broker.

→ Strong Q2 figures, yet share price down 10%: For me personally an entry point.

→ Undervalued for 3-5 years in historical comparison, solid growth.

Zoetis (ZTS) $ZTS (-0.34%)

→ Pharmaceutical company, but in the animal health sector.

→ A market leader, stable margins, high innovative strength.

→ Valuation below average for 3-5 years

With this in mind, have a pleasant trading week!

Hello everyone,

I am currently considering selling my position in UnitedHealth Group $UNH (+2.38%) at a moderate loss and would like to hear your views on this.

I bought in a few months ago as the company was seen in the past as a defensive healthcare giant with a solid balance sheet, stable cash flow and steady dividend growth. Unfortunately, the share price performance since my investment has been disappointing, partly due to increasing regulatory pressure (Medicare Advantage), rising healthcare costs and the general headwind for the US healthcare segment.

I ask myself: is it worth continuing to be patient here or is it better to realize the losses and reallocate capital to more promising stocks?

I would be interested to hear your thoughts on this - how do you see the medium-term prospects for UNH? In your opinion, are there any triggers to watch out for before making a decision?

I would have considered investing the losses in $TMO (+0.07%) or $ZTS (-0.34%) . In my opinion, both are cheaply valued and would fit in with my dividend growth strategy.

Looking forward to a constructive exchange!

Brief profile $ZTS (-0.34%)

• ISIN: US98978V1035
• Sector: Animal Health / Pharmaceuticals
• Market capitalization: approx. USD 75 billion
• Dividend yield: approx. 1.0
• Dividend growth: Ø 20 % p.a. in the last 5 years
• Main customers: Veterinarians, livestock farmers, animal owners worldwide
• Competitive advantage: global market leader in veterinary pharmaceuticals, high brand loyalty

🌱

Why Zoetis? $ZTS (-0.34%)

Zoetis is the world's largest provider of medicines and vaccines for animals. The company was spun off from Pfizer in 2013 - since then, profits have risen continuously.

🐶

Megatrends behind us:

• Growing pet ownership worldwide (esp. USA, Asia)
• Increasing expenditure per animal (premium food, medicine, care)
• Rising global meat consumption → Animal health is important in agriculture
• Veterinary market is more robust than human medicine - less price pressure, stable demand

📈

Why is now a good time to start?

🔻 1.

Share has fallen significantly from its all-time high

• Since 2021 approx. -30% below all-time high (overvalued at 50+ P/E at the time)
• Valuation significantly more attractive again (forward P/E ratio 27-30, depending on estimate)

🧪 2.

Long-term growth intact

• Sales growth recently slowed (especially in China), but no structural problems
• New product pipeline in the areas of parasite protection, painkillers and vaccines

💵 3.

Dividend with strong growth

• Dividend increased by ~20% p.a. in the last 5 years
• Very low payout ratio (~30%) → plenty of scope for further increases
• Buyback program continues → additionally shareholder-friendly

💊 4.

Strong business model

• Operating margin: ~35 %
• Gross margin: over 70
• High pricing power (branded products such as Apoquel, Simparica, Revolution)

📉 Risks

• Veterinary pharmaceuticals can be politically/ethically regulated in emerging markets
• Recent growth slightly below expectations (temporary?)
• Valuation level is not cheap, but justified for quality

✅ Conclusion:

Zoetis is a quality growth stock with a rising dividend - and attractively valued after the correction.

If you want to invest in a defensive growth stock with a long-term tailwind from the pet boom and animal health, Zoetis is a solid addition to your portfolio - both for dividend growth and for value-oriented investors with patience.

I sold my Amphenol bill today for a total of € 967.60 with a profit of € 233.70. At the same time, I sold half of my Broadcom lever bill to secure the profit-taking, with a partial profit of +476.00€. The Siemens leverage certificate was sold for a profit of €784.

Now I bought the Aixtron bill for around €1000, of which around €30 came from dividends.

Aixtron has new special chips based on gallium nitride chips in the pipeline, which are supposed to be particularly energy efficient and have now broken out of the GD50 and GD200 lines, which in my opinion signals a clear upward trend. Aixtron is still quite dominant and has a moat in its technology.

Let's wait a few days/weeks and then some of the profits from my other bills will be invested in dividend stocks.

I currently consider the following dividend stocks to be undervalued in terms of earnings and dividend yield:

$Tokyo Marine Holdings (JP3910660004)

$WTRG (+0.37%)

$PEP (+0.02%)

$ZTS (-0.34%)

let's see what happens!

Dear friends

After careful consideration, I have decided to throw out golgende in my portfolio reduction:

$ZTS (-0.34%)

$FMG (-1.73%)

$6367 (-0.81%)

I see little growth in these stocks...and they are one of my smallest positions

with the freed up cash I would $PRY (+2.35%) and $ATCO B (-0.98%) buy

what do you think or would you kick out other stocks?

mfg

My $CDI (+1.12%) position in $ZTS (-0.34%) has been reallocated. I see significantly more growth potential and dividend growth here.

Today, after a long period of consideration, I have decided to part with $CDI (+1.12%) ... I have learned that it can also make sense to realize losses.

I now want to invest the money in shares that are better suited to my dividend growth strategy and show more growth. I am thinking of companies like $V (+3.3%)
$ZTS (-0.34%)
$NOVO B (-7.16%)
$6383 (+1.36%)
$VST (+7.6%)
$VRT (+3.31%)

Please share your opinion!

Zoetis Inc. $ZTS (-0.34%) reported first quarter EPS of $1.48, $0.07 higher than the analyst estimate of $1.41.

Revenue for the quarter totaled $2.22B, compared to the average estimate of $2.2B.

Forecast:

Zoetis Inc expects fiscal 2025 EPS of $6.20-$6.30. Analysts had expected an average of $6.06.

Zoetis Inc estimates revenue of $9.43B-$9.58B for the fiscal year 2025. Experts had expected an average of $9.33B.

To give me a better overview, I have looked up the publication dates of all the quarterly figures of the companies in which I am invested.

Of course I don't want to withhold this from you:

May 2025

• 05.05.25 -> Realty Income $O (+0.17%)
• 06.05.25 -> Ferrari $RACE (-0.08%)
• 06.05.25 -> Progressive $PGR (+1.31%)
• 06.05.25 -> Zoetis $ZTS (-0.34%)
• 07.05.25 -> Novo Nordisk $NOVO B (-7.16%)
• 08.05.25 -> Main Street Capital $MAIN (+1.21%)
• 15.05.25 -> Allianz $ALV (+0.52%)
• 20.05.25 -> Mutares $MUX (-0.41%)
• 22.05.25 -> NextEra Energy $NEE (-0.82%)

July 2025

• 10.07.25 -> Progressive $PGR (+1.31%)
• 21.07.25 -> Prologis $PLD (-0.17%)
• 23.07.25 -> Amphenol $APH (+1.04%)
• 24.07.25 -> Greencoat UK Wind $UKW (-2.11%)
• 24.07.25 -> NextEra Energy $NEE (-0.82%)
• 24.07.25 -> Vidrala $VID (-1.02%)
• 25.07.25 -> Palfinger $PAL (+4.22%)
• 25.07.25 -> Volkswagen $VOW (-1.64%)
• 30.07.25 -> HSBC $HSBA (-3.7%)
• 30.07.25 -> Realty Income $O (+0.17%)
• 30.07.25 -> Rio Tinto $RIO (-3.96%)
• 31.07.25 -> Ferrari $RACE (-0.08%)
• 31.07.25 -> Main Street Capital $MAIN (+1.21%)
• 31.07.25 -> OMV $OMV (-1.72%)

August 2025

• 05.08.25 -> Aflac $AFL (-1.18%)
• 05.08.25 -> DHL Group $DHL (-0.25%)
• 05.08.25 -> Public Storage $PSA (-0.3%)
• 06.08.25 -> Novo Nordisk $NOVO B (-7.16%)
• 07.08.25 -> Allianz $ALV (+0.52%)
• 12.08.25 -> Mutares $MUX (-0.41%)
• 12.08.25 -> Zoetis $ZTS (-0.34%)

October 2025

• 09.10.25 -> Progressive $PGR (+1.31%)
• 21.10.25 -> Prologis $PLD (-0.17%)
• 22.10.25 -> Amphenol $APH (+1.04%)
• 22.10.25 -> NextEra Energy $NEE (-0.82%)
• 27.10.25 -> Palfinger $PAL (+4.22%)
• 28.10.25 -> HSBC $HSBA (-3.7%)
• 29.10.25 -> OMV $OMV (-1.72%)
• 29.10.25 -> Vidrala $VID (-1.02%)
• 30.10.25 -> Main Street Capital $MAIN (+1.21%)
• 30.10.25 -> Volkswagen $VOW (-1.64%)
• 30.10.25 -> Zoetis $ZTS (-0.34%)

November 2025

• 03.11.25 -> Public Storage $PSA (-0.3%)
• 04.11.25 -> Aflac $AFL (-1.18%)
• 04.11.25 -> Ferrari $RACE (-0.08%)
• 05.11.25 -> Novo Nordisk $NOVO B (-7.16%)
• 06.11.25 -> DHL Group $DHL (-0.25%)
• 10.11.25 -> Realty Income $O (+0.17%)
• 13.11.25 -> Mutares $MUX (-0.41%)
• 14.11.25 -> Allianz $ALV (+0.52%)

January 2026

• 23.01.26 -> NextEra Energy $NEE (-0.82%)
• 27.01.26 -> Prologis $PLD (-0.17%)
• 28.01.26 -> Progressive $PGR (+1.31%)
• 28.01.26 -> Amphenol $APH (+1.04%)
• 29.01.26 -> Ferrari $RACE (-0.08%)
• 29.01.26 -> OMV $OMV (-1.72%)

February 2026

• 04.02.26 -> Aflac $AFL (-1.18%)
• 04.02.26 -> Novo Nordisk $NOVO B (-7.16%)
• 13.02.26 -> Allianz $ALV (+0.52%)
• 17.02.26 -> Zoetis $ZTS (-0.34%)
• 19.02.26 -> Main Street Capital $MAIN (+1.21%)
• 24.02.26 -> HSBC $HSBA (-3.7%)
• 24.02.26 -> Palfinger $PAL (+4.22%)
• 24.02.26 -> Public Storage $PSA (-0.3%)
• 24.02.26 -> Realty Income $O (+0.17%)
• 26.02.26 -> Greencoat UK Wind $UKW (-2.11%)
• 26.02.26 -> Vidrala $VID (-1.02%)

March 2026

• 04.03.26 -> Rio Tinto $RIO (-3.96%)
• 05.03.26 -> DHL Group $DHL (-0.25%)
• 17.03.26 -> Volkswagen $VOW (-1.64%)

April 2026

• 15.04.26 -> Mutares $MUX (-0.41%)

Ps: Does anyone have the dates of the quarterly figures for $SHEL (-0.85%) ? Unfortunately I can't find them online.

After making my first small investments of a few hundred euros in the stock market in February '25, I added a larger amount in the course of April. It also took some time to develop an investment strategy; where do I want to invest? What risk do I want to take? Accumulating or distributing? ETFs and/or individual shares? If so, which ones and why? Are there specific countries and/or sectors I would like to focus on?

Only at the end of last week were all the answers to these questions clear: a long-term investment horizon of just over 35 years with relatively low risk. A healthy ETF/share mix of 60/40. Distributing portfolio with high-yield and high-growth positions and with a relative focus on the USA and Europe.

I have a good feeling that I am happy with my strategy in the long term and finally no longer have to constantly turn the entire portfolio inside out.

My ETFs and individual stocks are $HMWO (+1.38%)
$TDIV (+0.56%)
$DGSD (+0.82%)
$MAIN (+1.21%)
$NOVO B (-7.16%)
$PGR (+1.31%)
$PSA (-0.3%)
$UKW (-2.11%)
$APH (+1.04%)
$DHL (-0.25%)
$HSBA (-3.7%)
$MUX (-0.41%)
$NEE (-0.82%)
$ZTS (-0.34%)
$AFL (-1.18%)
$O (+0.17%)
$SHEL (-0.85%)
$VID (-1.02%)
$RACE (-0.08%)
$PLD (-0.17%)
$OMV (-1.72%)
$PAL (+4.22%)
$RIO (-3.24%) and last but not least $VOW (-1.64%)

#dividende
#dividends
#etfs
#growth
#personalstrategy
#portfoliofeedback