This video will also be released as a podcast on Monday.

$RHM (+1,95 %)

$HAG (+3,14 %)

$AIR (+0,66 %)

$EUDF (+1,14 %)

https://www.youtube.com/watch?v=v86I0dXXyiE

I wanted to give you a little update on my current defense portfolio and the planned changes.

📍Status Quo:

📍Capability areas and benefits for the portfolio:

Air & missile defense

$RTX (+2,13 %) ,$LMT (+1,2 %)

Patriot, PAC-3, THAAD - core systems for the protection of cities, bases and fleets

Combat aircraft & air dominance

$LMT (+1,2 %) , $BA. (+1,62 %)

F-35 program (LMT), Eurofighter Typhoon, future Tempest/FCAS

Maritime strike capability

$HII (+0,18 %) , $GD (+0,76 %) , $BA. (+1,62 %)

Nuclear submarines (Virginia, Astute), Type-26 frigates, combat systems

Sensors & electronic reconnaissance

$HAG (+3,14 %) , $QQ. (+1,97 %) , $CHRT (+1,69 %) , $BA. (+1,62 %)

AESA radars, ESM/ECM, BAE Raven ES-05 radar

Autonomous systems & drones

Almost all companies play me here. $KTOS (+1,44 %) as the only drone pure play.

Unmanned jets (XQ-58) and tactical UAS - rapidly growing budget item

Cyber / AI & data fusion

$PLTR (+4,72 %) ,$CACI (+1,34 %)

AI-supported command and control systems (PLTR Gotham/Apollo) and US government IT services

Ground-based large-scale systems

$GD (+0,76 %) ,$NOC (+1,51 %) , $BA. (+1,62 %)

Abrams modernizations, artillery rockets and ground-based sensors, CV90-IFV, M109 howitzers

Multidomain space flight

$NOC (+1,51 %)

US nuclear deterrence - from delivery systems to warning and command and control networks

💰Realized partial sales at $HAG and $PLTR

I had already reduced $HAG and $PLTR by 50% each this year with large gains (+651% and +346%):

The valuations of both companies are currently extremely sporty.

PLTR

Trailing P/E ratio (TTM): 580 - 590x

Forward P/E ratio: ~240x

Price-to-sales: >100x

HAG

Trailing P/E ratio (TTM): 120 - 130x

Forward P/E ratio: ~80x

Price-to-sales: >5x

I will nevertheless remain invested in both positions for the time being. Mainly because I currently see no significant change in the underlying investment story.

Position sizes are relativized by new planned purchases and the concentration risk falls from 34% → 25% of the sleeve.

📊Planned adjustments:

❓Why these changes?

New position$AVAV (+1,18 %)
(drones/loitering ammunition):

Covers the fastest growing budget line (attritable UAS), which was previously barely represented.

New position $RHM (+1,95 %)
(Ammunition & Platforms)

Adds the "155 mm grenades" bottleneck and European land systems to the portfolio; beneficiary of EU armament.

Increase $RTX (+2,13 %)

Most favorable US prime (forward P/E ≈ 25), high visibility in air/missile defense systems.

Top-up $GD (+0,76 %)

Diversified towards submarines, ground vehicles and ammunition; reliable free cash flow.

📉Planned, staggered entries:

$AVAV: $220 - $185

$RHM: €1550 - €1450

$RTX: $125 - $120

$GD: $285 - $270

🤔 What does your portfolio look like?

Which defense stocks do you hold and why?

With so much price fantasy, it's easy to pocket the euros. 💰

I last bought at $PLTR (+4,72 %) and then it went up another 50%... 🥲

I have just finished the small rally in Hensoldt. I am up around 37.5% (after tax) and have let the profits (around 600 euros) run for the time being. I'm still a bit more cautious for now because of my lack of experience. You just have to pocket the + and be happy about it. Investors seem to be increasingly taking profits at the moment. Let's see what the near future brings, personally I could imagine a correction coming soon. PS: No expert opinion! LG to the community

$HAG (+3,14 %) sold with 95% profit via stop loss.

It seems like my post about Europas F-35-Sicherheitsdilemma could not have come at a better time:

Dependence on US armaments is increasingly perceived as a risk factor for Europe's military and security sovereignty and is now being publicly addressed at the highest political level faster than I would have expected.

French President Emmanuel Macron

President of France Emmanuel Macron has made it clear in an interview with Le Parisien that he is critical of Europe's purchase and use of US armaments and proposed replacing them with European alternatives.

Macron was also quite clear: "Those who buy Patriot systems should be offered the next generation of the Franco-Italian SAMP/T. Those who buy F-35s should be offered the Rafale fighter aircraft."

His main concern is greater strategic autonomy for Europe:

• Criticism of US systems: Poland plans to buy American F-35 fighter jets ($LMT (+1,2 %)) and Patriot ($RYTT34). Macron questions these decisions and proposes European solutions.
• European optionsMacron specifically mentions approaches such as joint European development projects to reduce dependence on the USA. Examples include European fighter jets such as Saab Gripen ($SAAB B (+1,08 %)), Eurofighter ($AIR (+0,66 %) - $BA. (+1,62 %) - $MTX (+0,25 %) - $LDO (+2,23 %)) or Dassault
  Rafale ($AM (+2,74 %)) or air defense systems (e.g. SAMP/T from $HO (+2,44 %), $BA. (+1,62 %), $AIR (+0,66 %) and $LDO (+2,23 %) or Oerlikon Skynex from $RHM (+1,95 %)).
• Long-term strategyMacron's proposals aim to strengthen Europe's military independence by pooling technology, production capacities and resources in the EU member states' own economic area in the long term.

Macron is thus sending a clear signal for more European cooperation in the defense sector and against an excessive focus on US technology.

#emmanuelmacron
#usa
#defense
#verteidigung
#rüstungsindustrie
#europa
$R3NK (+4,96 %)
$IE0002Y8CX98 (+1,14 %)
$HAG (+3,14 %)

- KNDS (Krauss-Maffei Wegmann, Leopard 2, Boxer 2000 self-propelled howitzer, ammunition, AI)

- Quantum Systems (drones, customers in Ukraine & USA)

- Helsing (drones, AI)

Source: https://www.br.de/nachrichten/wirtschaft/ruestungsboom-bayerische-firmen-vor-boersengang,Uf2aNSq

#rheinmetall
#hensoldt
#renk
$RHM (+1,95 %)
$HAG (+3,14 %)
$R3NK (+4,96 %)
$LMT (+1,2 %)
$BAE (+0 %)
$GD (+0,76 %)
$SAAB B (+1,08 %)

For the time being, I am parting with $HAG (+3,14 %) as the share prices currently seem overvalued to me due to the political situation.

I will consider buying again at a price of €40 and below.

I have been invested in my defense stocks for over a year now. I have to say that Rheinmetall $RHM (+1,95 %) was also the first share I ever bought in January last year. 😁 $HAG (+3,14 %)
$BA. (+1,62 %)
$KOG (-2,86 %)
$R3NK (+4,96 %)

Now I'm up more than 100% on many stocks, in some cases almost 200%. But the rally in the last few days and weeks is just crazy.

I am very, very sure that defense stocks will continue to rise in the long term. Otherwise I wouldn't have made the investment. 💁🏽‍♀️ But I am also sure that sooner or later there will be a correction. And for me that is actually a matter of days/weeks.

That's why I'm now considering whether I shouldn't actually realize my profits now and then get back in at a "favorable" time (for me that means -10, -20 or -30%).

Unfortunately, I don't have any experience in this area yet, so it's difficult to assess this right now. How do those of you who have been invested for longer do it? Do you also realize gains on shares at a "favorable" time if you are invested in these shares for the long term and are convinced?

Слава Україні 💙💛