🥹 Month 10 since launch has been less than stellar. 🥹
So far this year, things actually only went downhill from mid-June through the end of July, and we were able to continue our upward trend through August and September. But due to a very weak October, we’re once again far from the 30k mark. We’ve now fallen so far that we’re scraping the maximum drawdown from the backtest.
According to the algorithm, I was using Lumentum ($LITE (-18,92 %) ), Kioxia ($285A (-12,98 %) ), Micron ($MU (-6,11 %) ), Hewlett Packard Enterprise ($HPE (-7,34 %)), Marvell Tech ($MRVL (-13,46 %)), SanDisk ($SNDK (-7,04 %)) and Dell ($DELL (-7,89 %) ).
The initial investment was approximately 30,000 euros. Upon the sale of Recruit Holdings ($6098 (-6,87 %)) and when I bought Marvell Tech ($MRVL (-13,46 %)), I kept about 200 euros.
Overall, October resulted in a loss of almost exactly -22% for the satellite portfolio.
-6,600 euros.
Who was in the portfolio and how it performed:
- Lumentum -17% 🥹🥹
- Kioxia -39% 🥹🥹🥹
- SanDisk -33% 🥹🥹🥹
- Micron -17% 🥹🥹
- Dell -20% 🥹🥹
- HPE -13% 🥹
- Marvell Tech -25% 🥹🥹
Kioxia’s decline, in particular, really hurt. After at one point more than doubling in value, the position is now in the red.
YTD, the momentum performance now stands at just +61% TTWROR.
The changes for October have already been made, with the exception of the pending sale of SanDisk. The rotation is massive and shows that the first major AI wave has crashed against the outlook, despite strong numbers.
Exits:
- Micron
- Lumentum
- Marvell Tech
- Kioxia
- SanDisk
Additions:
- Recruit Holdings ($6098 (-6,87 %))
- Marathon Petroleum ($MPC (-3,12 %))
- Genmab ($GMAB (-4 %))
- CrowdStrike ($CRWD (-3,75 %))
- Okta ($OKTA (-13,56 %))
This means the portfolio is now diversified across multiple sectors for the first time. Hoping quietly for a small year-end rally...
Another 44x to reach a million 🥹
