$SMH (-2,45 %)

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 (+1,03 %)
$JEPQ (+0,45 %)

In their place:

• €1000 $BTC (+0,58 %)
• 
  €3000 $SMH (-2,45 %)
• 
  €3000 $VWRL (-0,23 %)
• 
  €1500 $TDIV (+0,48 %)
• 
  €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 (-6,38 %) and $PLTR (+1,63 %) 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 (-0,23 %) (approx. 30%) and with approx. 10% $CHSPI (+0,35 %) 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 (-2,97 %)
$ROG (+0,62 %)
$BION (+0,41 %)
$MSFT (-0,73 %)
$SIE (-0,23 %) and the two trend tech ETFs $SMH (-2,45 %)
$XAIX (-2,66 %)

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 (+1,63 %) : 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 (-6,38 %) : my second Tenbagger. I have realized approx. 8.5 times the stake through partial sales. The remainder is also left lying around.

$TER (-1,59 %) Chip testing, benefits massively from the AI chip boom.

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

$CRSP (-0,51 %) Gene editing with huge health potential.

$MIPS (-3,14 %) : Safety systems for helmets. The technology is licensed to numerous helmet manufacturers in the sports and industrial sectors.

$RKLB (+2,35 %) : Rocket launches and satellites and established SpaceX chaser.

$JOBY (-2,47 %) Pioneer in urban mobility with air cabs and vertical take-offs.

$NU (-1,22 %) Digital neobank with enormous scaling potential in underserved markets such as Brazil, Mexico, etc.

$RBRK (-2,28 %) Cybersecurity

$IONQ (-1,1 %) 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 (-1,62 %)
$NVDA (+0,81 %)
#openai
#ai
#ki
$SMH (-2,45 %)

Today I said goodbye to $SMH (-2,45 %) 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 (-0,28 %) together with my DCA, and later I will also get $TDIV (+0,48 %) get another share.

This means that companies such as $AMD (-1,62 %) , $MU (-3,02 %) , $INTC (-6,46 %) 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 (-0,01 %) and better diversified than the $CSPX (+0,09 %) .

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 (-0,46 %)

NVIDIA $NVDA (+0,81 %)

Broadcom $AVGO (-1,96 %)

Microsoft $MSFT (-0,73 %)

Meta $META (+0,88 %)

Apple $AAPL (+0,98 %)

Roche $ROG (+0,62 %)

Taiwan Semiconductor $TSM (-1,6 %)

Mastercard $MA (+1,74 %)

Visa $V (+1,18 %)

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 (-0,28 %)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 (-1,6 %) and $HY9H (-8,46 %) which I bought cheaply and undervalued as individual positions.

$NVDA (+0,81 %) 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 (-1,96 %) 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 (-1,6 %) Taiwan Semi

4.65% $NVDA (+0,81 %) NVIDIA

4.55% $GOOG (-0,46 %) Google

4.47% $AVGO (-1,96 %) Broadcom

2.85% $MSFT (-0,73 %) Microsoft

2.63% $META (+0,88 %) Meta

2.37% $AAPL (+0,98 %) Apple

2.04% $ASML (-2,59 %) Asml

1.95% $MA (+1,74 %) Mastercard

1.91% $JPM (+2,05 %) JPMorgan

Had bought another larger tranche in April during the 🍊crash $SMH (-2,45 %) which has also performed well so far.

Many posts here bullish purchases of $NVDA (+0,81 %)
$AVGO (-1,96 %)
$QCOM (-10,83 %)
$ASML (-2,59 %)
$TSM (-1,6 %)
$AMD (-1,62 %)
$MU (-3,02 %) 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?