August gave us another real midsummer and showed its best side on some days. For me, it was the perfect opportunity to pursue one of my hobbies: Swimming, swimming and swimming again. I enjoyed every minute in the now cooler water. There was no hiking this month, but the swimming made up for it completely. I'm slowly looking forward to cooler temperatures again, because the cold adaptation for ice swimming is already calling! But before we head into fall, it's time for a look back.

Overall performance

After the brief consolidation caused by the new Trump tariffs, my portfolio recovered quickly and showed a stable, slightly positive performance in August. The prospect of interest rate cuts by the Fed provided a small boost, but there were no major movements. Typical summer slump. But, as expected, what had to come arrived on time: the distributions. My key performance indicators for my overall portfolio at a glance:

• TTWROR (month of August): +1.01 % (previous month: +3.82 %)
• TTWROR (since inception): +73,69 %
• IZF (month of August): +12.50 % (previous month: +46.14 %)
• IZF (since inception): +10,79 %
• Delta: +794.74 €
• Absolute change: +1,850.61 €

Performance & volume

My class leader continues to expand its dominance. If this continues, it will soon become a decisive factor in overall performance. The $BOA rises into the top 5 by volume, $SAP (-2,31%) falls back. Rising in terms of performance$MAIN (-1,95%) and there, too, the$SAP (-2,31%) falls back. I also notice something about the winners of the red lantern in terms of performance:$NOVO B (+1,65%) has reached the bottom basement, once one of my very strongest stocks. So the tide is turning. Opportunity to buy more? Instead$CPB (-0,71%) has risen from the cellar. But this share still has a long way to go.

Size of individual share positions by volume in the overall portfolio:

Share (%) of total portfolio and associated portfolio:

• $AVGO (+1,11%) : 3.30 % (main share portfolio)
• $NFLX (+0,97%) 1.98 % (main share portfolio)
• $WMT (+0%) 1.72 % (main share portfolio)
• $FAST (-0,39%) s: 1.69 % (main share portfolio)
• $BOA 1.45 % (main share portfolio)

Smallest individual share positions by volume in the overall portfolio:

Share proportion (%) of the total portfolio and associated securities account:

• $SHEL (-0,32%) : 0.42 % (crypto follow-on portfolio)
• $NOVO B (+1,65%) 0.49 % (main share portfolio)
• $HSBA (+0,86%) 0.54 % (crypto follow-on portfolio)
• $TGT (-1,88%) 0.57 % (main share portfolio)
• $GIS (-1,71%) 0.61 % (main share portfolio)

Top-performing individual stocks

Shares with performance since initial purchase (%) and the respective portfolio:

• $AVGO (+1,11%) : +328 % (main share portfolio)
• $NFLX (+0,97%) : +176 % (main share portfolio)
• $FAST (-0,39%) +83 % (main share portfolio)
• $MAIN (-1,95%) : +79 % (main share portfolio)
• $SAP (-2,31%) +74 % (main share portfolio)

Flop performer individual stocks

Shares with performance since initial purchase (%) and the respective portfolio:

• $TGT (-1,88%) : -36 % (main share portfolio)
• $GIS (-1,71%) -31 % (main share portfolio)
• $UPS (-0,64%) -26 % (main share portfolio)
• $NKE (+0,06%) -25 % (main share portfolio)
• $NOVO B (+1,65%) -21 % (main share portfolio)

Asset allocation

My asset allocation is as follows:

• ETFs: 38.3 %
• Equities: 59.0 %
• Crypto: 2.60%
• P2P: less than 0.01%

Investments and subsequent purchases

Here is a small overview of what I have invested via savings plans according to my fixed planning.

• Planned savings plan amount from the fixed net salary: €1,030
• Planned savings plan amount from the fixed net salary, incl. reinvested dividends: €1,140
• Savings ratio of the savings plans to the fixed net salary: 49.75

In addition, there were the following additional investments from returns, refunds, cashback, etc. as one-off savings plans/repurchases:

• Subsequent purchases/one-off savings plans as cashback annuities from refunds: € 79.00
• Subsequent purchases/one-off savings plans as a cashback annuity from bonuses/incentives from the KK: € 20.00
• Subsequent purchases from other surpluses: € 30.00
• Automatically reinvested dividends by the broker: € 3.01 (this function is only activated for an old custody account, as I otherwise prefer to manage the reinvestment myself)

Additional purchases were made:

• Number of additional purchases: 3
• 55.00 € for $JEGP (-0,74%)
• 
  44.00 € for $GGRP (+0,06%)
• 
  30.00 € for $FGEQ (+0,22%)
• 
  295.08 € for $DXSA (+0,51%) (funds from the sale of a $ETH (-0,16%) tranche)

If you want to know how my cashback pension tops up my share and ETF pension, please write it in the comments.

Passive income from dividends

My income from dividends amounted to €128.42 (€92.61 in the same month last year). This corresponds to an increase of +38,67 % compared to the same month last year. The following is further key data on the distributions:

• Number of dividend payments: 22
• Number of payment days: 12 days
• Average dividend per payment: € 5.83
• average dividend per payment day: € 10.70

The top three payers are:

• $IWDP (-0,26%)
• 
  $ISPA (+0,09%)
• 
  $ZPRG (-0,26%)

My passive income from dividends (and some interest) mathematically covered 14.94% of my expenses in the month under review.

Crypto performance

My crypto portfolio was characterized by the partial sale of a $ETH (-0,16%) tranche as part of my "crypto succession strategy". Around € 298 in Etherium was taken off the table.

Here are some key figures:

• Monthly performance portfolio: +0.29 %
• Performance since inception: +134.35 %
• Share of holdings for which the tax holding period has expired: 98.55 %.
• Crypto share of the total portfolio: 2.20 %

The sale of the tranche explains the decline in the crypto share from 2.6% to 2.2%

As a "follower" of the crypto cycle, I am increasingly accepting the idea that the cycle is still in tact, but is expanding. The reason for this should be the ETF purchases and the activities of the crypto treasury companies. Retail still seems to be asleep. The playing field is very exciting, if only from a macroeconomic perspective. I can only advise looking into the cycle and issues such as money creation and the correlation between the M2 money supply and $BTC. Although I am not a fan of cryptocurrencies, I think they are a sensible component of a balanced portfolio.

Performance comparison: portfolio vs. benchmarks

A comparison of my portfolio with two important ETFs shows

• TTWROR (current month): +1,01 %
• $VWRL (+0,6%) : -0,33 %
• $VUSA (+0,18%) : -1,13 %

Outlook and a private bonus

My Carousel posts of the portfolio review and budget review always start on the hook slide with a background image from my month. These are usually places I've visited or moments that have moved me. This time it's the same, although a CT scan would almost be more appropriate.

A chest CT confirmed what I had been wondering about for some time: my ascending aorta is dilated. This is a consequence of my congenital heart valve defect. Fortunately, it was discovered early before it could develop into an aneurysm, dissection or even rupture. A classic chance discovery, a stroke of luck. I was able to keep the heart valve "in check" for a long time, and fortunately there are currently no worse findings for it. But the diagnosis of the ascending aorta now brings certainty: an operation will certainly be necessary at some point.

Why am I sharing this here? Because it has taught me humility once again. The diagnosis isn't nice, but it's not a surprise either. Perhaps my v. A. more active lifestyle since corona has contributed to the fact that it is stable today and still allows me to do a lot: sporting activity, which I have fought my way back over the years. The restrictions that already apply to avoid pressure peaks on the aorta are minimal. My quality of life is still very high.

My conclusion: Keep fit, go for check-ups and take your body seriously. Invest in your health and fitness. Our deposits are only worth as much as our health allows us to enjoy them.

So I will be able to visit the cardiologist and radiologist even more regularly in future, an honor! (irony off). Everything will be fine!

👉 You want my review as an Instagram post?

Then follow me on Instagram:

📲 In addition to the portfolio and extra budget review, you'll also find regular posts there: @frugalfreisein

Please pay close attention to the spelling, unfortunately there are too many fake and phishing accounts on social media. I have already been "copied" several times.

👉 How was your August at the depot? Do you have any tops and flops to report?

Leave your thoughts in the comments!

Entered in the April crash - and now already at over +100% performance. That was really rapid.

I had $AVGO (+1,11%) on my watchlist for ages, but never found the right entry point. It wasn't until the April crash that I had the opportunity - and then I made a one-off investment.

But in the long term, I don't care about the current share price. Because Broadcom convinces me with its advantages:

• Strong and diversified business model
• Sustained growth in the tech sector
• Impressive history of dividend increases 📈

For me, a real flagship share - a model pupil in the portfolio that will stay for the long term.

Subscribe to the podcast for a year-end rally.

00:00:00 Market environment & FED

00:15:50 Nebius

00:42:20 UnitedHealth

01:00:00 AMD & Nvidia

01:28:30 Tax increase for families thanks to SPD. Abolition of marriage splitting

Spotify

https://open.spotify.com/episode/3fvvQH8BmJDa6GxPAVffBt

YouTube

https://www.youtube.com/watch?v=3FNX-Ger_-0

Appel Podcast

https://podcasts.apple.com/us/podcast/109-nebius-unitedhealth-amd-nvidia-fed-steuererh%C3%B6hung/id1695869891?i=1000725795493

$NBIS (+0,65%)
$AMD (+1,37%)
$NVDA (-0,44%)
$AVGO (+1,11%)
$UNH (-1,7%)
#podcast
#spotify

$AVGO (+1,11%) enters into a partnership with OpenAI to develop AI accelerators. The first hardware is to be delivered from 2026. In doing so, they are directly attacking the dominance of $NVDA (-0,44%) in this market.

Broadcom CEO Hock Tan has already confirmed a major customer with orders worth over 10 billion US dollars. According to Bloomberg, this is OpenAI.

In the third quarter, Broadcom exceeded expectations in terms of turnover and profit and gave an optimistic outlook for the fourth quarter.

Source: https://www.onvista.de/news/2025/09-05-kreise-broadcom-gewinnt-openai-als-kunden-fuer-ki-beschleuniger-0-10-26426608

Hello dear Getquin Community,

Over the past few days, I have been working intensively on the topic of cyber security and its fundamental importance in various sectors such as healthcare, technology, energy, armaments & defense, e-commerce, software, insurance, industry, utilities, commodities, banks, fintech, holdings, crypto and blockchain. I took a closer look at the big players, the hidden champions and the essential blade manufacturers in the industry. My aim was to gain as comprehensive a picture as possible of the different levels of this industry.

If I have overlooked any important aspects or have not categorized something correctly, I look forward to your comments and interesting additions @Tenbagger2024
@Multibagger
@Simpson
@Vegasrobaina . Together we can understand the topic even better and learn from each other.

Feel free to leave a 👍. I wish you every success with your investments 🚀

At the request of @Multibagger I have subsequently added my personal favorites in each sector. I have an investment horizon of five to ten years. In addition to the quarterly figures, my main focus was on the long-term competitive advantages and the strength of the respective moat.

Contribution:

Cybersecurity is evolving from a peripheral topic to the foundation of global markets. Whether healthcare, banking, utilities, armaments & defense, energy, industry or the digital infrastructure for artificial intelligence and blockchain, the need for protection mechanisms is increasing everywhere. While the big players such as $PANW (+1,88%) Palo Alto Networks, $CRWD (+1,24%) CrowdStrike or $ZS (+0,8%) Zscaler are in the spotlight, more and more specialized providers are emerging that are essential in their niches and often have disproportionately high growth potential. Hidden champions such as $SECT B (-1,84%) Sectra in the healthcare sector, $NCNO (+0%) nCino in the banking sector or $ESTC (+0,97%) Elastic in the data center show that cyber security has long been a diversified ecosystem. In addition, we must not overlook the blade manufacturers, i.e. the companies that provide the technological basis. These include chip manufacturers such as $NVDA (-0,44%) , $INTC (+2,83%) Intel or $AMD (+1,37%) AMD, data center operators such as $EQIX (+0,18%) Equin$DLR (+0,66%) Digital Realty as well as software and infrastructure providers such as $ESTC (+0,97%) Elastic, $DDOG (+0,76%) Datadog or $ANET (+3,64%) Arista Networks, without whose technology the security providers' solutions would not be scalable. The capital markets are reacting to this with valuation premiums, as the dependence on secure infrastructures is comparable to electrification in the 20th century. Investors are now faced with the question of whether to favor the established market leaders or invest in smaller companies that fly under the radar but could potentially be the real winners of tomorrow.

🔑Takeaway:

Cybersecurity is not an isolated trend, but a key investment factor across all industries from hospitals to data centers from payments to crypto platforms.

Healthcare

Major players:

$PANW (+1,88%) Palo Alto Networks (PANW), $FTNT (+0,66%) Fortinet (FTNT), $CHKP (+0,87%) Check Point (CHKP), $CRWD (+1,24%) CrowdStrike (CRWD), $S (+0%) SentinelOne (S), $CYBR (+1,77%) CyberArk (CYBR), $ZS (+0,8%) Zscaler (ZS), $NET (+1,89%) Cloudflare (NET), $AKAM (-0,7%) Akamai Tech. (AKAM)

- Core provider for firewalls, zero trust, endpoint and web security

My top 2 recommendation in this sector are $ZS (+0,8%) Zscaler global Zero Trust Exchange, huge barrier to entry as infrastructure is built globally and $PANW (+1,88%) All-in-one platform, extremely high customer retention, hard to replace + acquisition of the company $CYBR (+1,77%)

Hidden champions:

$SECT B (-1,84%) Sectra (SECT-B.ST) - secure imaging & healthcare security

$VRNS (-0,31%) Varonis Systems (VRNS) - protection of sensitive patient data

Imprivata (private, partnerships with listed players) - identity management for clinics

My top recommendation
$SECT B (-1,84%) Niche leadership in healthcare security & medical technology

Blade manufacturer:

$NVDA (-0,44%) Nvidia (NVDA), $INTC (+2,83%) Intel (INTC), $AMD (+1,37%) AMD (AMD) - Chips & computing power for security appliances

$EQIX (+0,18%) Equinix (EQIX), $DLR (+0,66%) Digital Realty (DLR) - Data center infrastructure for clinical data

$ESTC (+0,97%) Elastic (ESTC), $DDOG (+0,76%) Datadog (DDOG) - basic software for monitoring & analytics

My top 2 recommendations are $NVDA (-0,44%) - GPUs, quasi-monopoly in high-end compute and $EQIX (+0,18%) - largest global colocation provider, enormous switching costs

🔑 Takeaway healthcare

Healthcare data is highly sensitive and clinics are at high risk of ransomware. In addition to large security providers, hidden champions such as Sectra and Varonis are gaining in importance as they secure directly at the interface between patient data and medical devices.

Technology, Data centers & AI, Telecommunications

Major players:

$ZS (+0,8%) Zscaler (ZS), $S (+0%) SentinelOne (S), $CHKP (+0,87%) Check Point (CHKP)

- Protection for cloud and AI environments

My top recommendation $ZS (+0,8%) - Global Zero Trust Exchange, almost impossible to copy

Hidden champions:

$ESTC (+0,97%) Elastic (ESTC) - Security-Analytics

$ANET (+3,64%) Arista Networks (ANET)

- Network switches for data centers

My top recommendation $ANET (+3,64%) - High-end switches, hyperscaler customers

Shovel manufacturer:

$EQIX (+0,18%) Equinix (EQIX), $DLR (+0,66%) Digital Realty (DLR)

- Data center infrastructure

$NVDA (-0,44%) Nvidia (NVDA), $INTC (+2,83%) Intel (INTC), $MRVL (-0,14%) Marvell Tech. (MRVL)

- Chips & computing power for AI and security

My top 2 recommendation $NVDA (-0,44%) - GPUs, quasi-monopoly in high-end compute and $EQIX (+0,18%) - largest global colocation provider, enormous switching costs

Special players Telecommunications

$AKAM (-0,7%) Akamai Tech. (AKAM) & Cloudflare (NET) - secure traffic and mobile data

$RDWR (-0,45%) Radware (RDWR) - DDoS protection for telcos

$CSCO (+0,39%) Cisco (CSCO) - network security for carriers

$CLAV (-7,08%) Clavister Holding AB (CLAV) - through SD-WAN and carrier security

My top recommendation $AKAM (-0,7%) - Established CDN + Security

🔑 Takeaway technology, data centers & AI

Data centers and AI platforms are the backbone of the digital economy. Zero Trust and cloud security from Zscaler or SentinelOne meet shovel manufacturers such as Equinix or Nvidia, who are indispensable with infrastructure and chips.

Energy

Major players:

$FTNT (+0,66%) Fortinet (FTNT, NASDAQ) - OT/ICS security for power grids and power plants

$PANW (+1,88%) Palo Alto Networks (PANW, NASDAQ) - Zero Trust & network protection for energy suppliers

$CHKP (+0,87%) Check Point (CHKP, NASDAQ) - Critical infrastructure protection, gas and oil industry

My top recommendation $FTNT (+0,66%) - ASIC hardware + software, cost advantage

Hidden champions:

Dragos (private, IPO candidate) - leader in OT security, specialized in energy infrastructures

$RDWR (-0,45%) Radware (RDWR, NASDAQ) - DDoS defense for energy networks

$NCC (+0%) NCC Group (NCC.L, London) - penetration tests & audits for utilities

$CLAV (-7,08%) Clavister Holding AB (CLAV) - OT/ICS and infrastructure security

My top recommendation $CLAV (-7,08%) - small niche player (carrier security)

Shovel manufacturer:

$SBGSY (+0,86%) Schneider Electric (SBGSY, OTC) - OT/ICS hardware with security components

$ENR (+2,33%) Siemens Energy (ENR, Frankfurt) - Energy infrastructure with embedded security solutions

$AVGO (+1,11%) Broadcom (AVGO, NASDAQ) - Security chips for networks in energy environments

My top recommendation $AVGO (+1,11%) - Chip giant + Symantec Enterprise Security

E-Commerce

Major players:

$NET (+1,89%) Cloudflare (NET, NYSE) - DDoS and API protection for online stores & payment platforms

$AKAM (-0,7%) Akamai (AKAM, NASDAQ) - Application security & bot management in e-commerce

$FFIV (+0,55%) F5 Networks (FFIV, NASDAQ) - API & payment security for digital platforms

My top recommendation $NET (+1,89%) - worldwide network for DDoS/API, network effects

Hidden Champions:

$RSKD (-1,27%) Riskified (RSKD, NYSE) - Fraud prevention in online trading

$VRNS (-0,31%) Varonis Systems (VRNS, NASDAQ) - Protection of customer data

$CYBR (+1,77%) CyberArk (CYBR, NASDAQ) - Identity & access protection for payment processes

My top recommendation $CYBR (+1,77%) - Standard for Privileged Access

Shovel manufacturer:

$V (-0,47%) Visa (V, NYSE) & $MA (+0%) Mastercard (MA, NYSE) - not classic cybersecurity, but operators of secure payment networks

$ESTC (+0,97%) Elastic (ESTC, NYSE) - fraud analytics for e-commerce platforms

$DDOG (+0,76%) Datadog (DDOG, NASDAQ) - monitoring & security analytics for retail infrastructure

My top recommendation $V (-0,47%) - Global payment network, enormous network effect

🔑 Takeaway:

Energy is particularly vulnerable due to OT/ICS systems, specialists such as Dragos are emerging here.

E-commerce needs fraud prevention in addition to traditional web security, which is why players such as Riskified are occupying a niche.

Armaments & Defense

Major players:

$NOC (-0,13%) Northrop Grumman (NOC, NYSE) - leader in cyberdefense for military & intelligence agencies, also developing offensive cyber capabilities

$BAESY (+3,31%) BAE Systems (BAESY, OTC) - strong cyber intelligence division, protects critical military and government networks

$RTX (+0,87%) Raytheon Technologies (RTX, NYSE) - defense company with growing cybersecurity portfolio for military communications & satellites

My top recommendation $NOC (-0,13%) - Top defense contractor with cyber dominance

Hidden champions:

$PLTR (-0,58%) Palantir Technologies (PLTR, NYSE) - Data and analytics platform with strong cybersecurity component, often for defense contractors

$CACI (-0,45%) CACI International (CACI, NYSE) - specializes in cyber intelligence, network protection and military IT services

$LDOS (-1,24%) Leidos Holdings (LDOS, NYSE) - IT and cybersecurity service provider for US defense and NATO

$CLAV (-7,08%) Clavister Holding AB (CLAV) - used by government and military organizations

$ADVE Advenica (ADVE) - Specialized security, relevant for government agencies and national infrastructure

My top recommendation $CACI (-0,45%) - Cyber intelligence, deep roots in the defense sector

Shovel manufacturer:

$LHX (+0,74%) L3Harris Technologies (LHX, NYSE) - provides communications and cyber hardware for military networks

$GD (-0,34%) General Dynamics (GD, NYSE) - with its IT division GDIT also a provider of cyber defense infrastructure

$KTOS (+2,02%) Kratos Defense (KTOS, NASDAQ) - specializes in drones, satellite systems and cyber hardening of defense communications

My top recommendation $GD (-0,34%) - strong role in defense cyber with GDIT

🔑 Takeaway:

In the defence sector, the boundaries between traditional defense and cybersecurity are becoming blurred. Alongside the large defense contractors, hidden champions such as Palantir, CACI and Leidos are emerging to provide pure cyber and data expertise. Shovel manufacturers such as L3Harris and Kratos secure the technical infrastructure.

Software & insurance

Big players:

$OKTA (-0,16%) Okta (OKTA), $CYBR (+1,77%) CyberArk (CYBR), $CRWD (+1,24%) CrowdStrike (CRWD)

- Identity, endpoint and cloud security

My top recommendation $CRWD (+1,24%) - Network effect through Falcon & Threat Graph

Hidden champions:

$VRNS (-0,31%) Varonis (VRNS) - Data Security

SailPoint (private, formerly NYSE) - Identity Governance

$FROG (-0%) JFrog (FROG) - DevSecOps & Supply-Chain-Security

$CYBE (+0,52%) CyberCatch Holdings, Inc (CYBE) - Provides AI-based cybersecurity SaaS

$GEN (-2,41%) Gen Digital (GEN) - one of the largest consumer cybersecurity providers worldwide (Norton, Avast, LifeLock), strong in identity protection and data protection for consumers & small businesses

$RBRK (+1,58%) Rubrik (RBRK) - data compliance and security in the area of cloud data security

My top recommendation $GEN (-2,41%) - Consumer security giant (Norton, Avast, LifeLock), strong brand power

Shovel manufacturer:

$MSFT (+0,77%) (MSFT), $GOOG (+4,39%) Alphabet (GOOGL), $AMZN (+1,18%) Amazon (AMZN)

- Cloud security base

$FFIV (+0,55%) F5 Networks (FFIV) - API protection for SaaS & insurance platforms

My top recommendation $GOOG (+4,39%) - global cloud security + Mandiant, strong moat through infrastructure & Threat Intel

🔑 Takeaway Software & Insurance

Data and identity protection take center stage. Major players such as Okta and CyberArk secure access, while hidden champions such as Varonis and JFrog provide specialist solutions. Cloud providers such as Microsoft and Amazon are both platform operators and security suppliers.

Industry, supply & raw materials

Major players:

$FTNT (+0,66%) Fortinet (FTNT), $CSCO (+0,39%) Cisco (CSCO), $PANW (+1,88%) Palo Alto Networks (PANW)

- Network protection for critical infrastructures

My top recommendation $FTNT (+0,66%) - ASIC hardware + software, cost advantage

Hidden champions:

$RDWR (-0,45%) Radware (RDWR) - DDoS protection

$NCC (+0%) NCC Group (NCC.L) - OT-Security & Penetration Tests

$SECT B (-1,84%) Sectra (SECT-B.ST) - secure infrastructure in the OT/healthcare intersection

$CLAV (-7,08%) Holding AB CLAV) - OT/ICS and infrastructure security

$ADVE Advenica (ADVE) - Specialized security, relevant for public authorities and national infrastructure

My top recommendation $ADVE - Specialized Crypto/OT-Security for public authorities

Shovel manufacturer:

$AVGO (+1,11%) Broadcom (AVGO) - security chips

Juniper Networks (JNPR) - network backbones

$ANET (+3,64%) Arista Networks (ANET) - high-end switches

My top recommendation $AVGO (+1,11%) - Chip-Giant + Symantec Enterprise Security

🔑 Takeaway Industry, Utilities & Commodities

OT/ICS systems in production, energy and raw materials are attractive targets. Fortinet and Palo Alto dominate, but hidden champions such as Radware and the NCC Group offer special expertise for attacks on industrial control systems.

Banks, Fintech & Holdings

Big players:

$CRWD (+1,24%) CrowdStrike (CRWD), $PANW (+1,88%) Palo Alto Networks (PANW), $ZS (+0,8%) Zscaler (ZS)

- Core protection for banks & digital platforms

My top recommendation $ZS (+0,8%) - Global Zero Trust Exchange, almost impossible to copy

Hidden champions:

$NCNO (+0%) nCino (NCNO) - Cloud Banking Security

$NCC (+0%) NCC Group (NCC.L) - Audits & Compliance

$CYBE (+0,52%) CyberCatch Holdings, Inc (CYBE) - Provides AI-based cybersecurity SaaS

$GEN (-2,41%) Gen Digital (GEN) - through fraud prevention and identity topics

My top recommendation $GEN (-2,41%) - Consumer security giant (Norton, Avast, LifeLock), strong brand power

Shovel manufacturer:

$FFIV (+0,55%) F5 Networks (FFIV) - API security for payments

$AKAM (-0,7%) Akamai Tech. (AKAM) - Web & Payment Security

$ESTC (+0,97%) Elastic (ESTC) - Fraud Analytics

My top recommendation $FFIV (+0,55%) - Leader in Application & API Security

🔑 Takeaway Banks, Fintech & Holdings

High regulatory pressure makes cybersecurity a mandatory field. In addition to established providers, banks are relying on hidden champions such as nCino or Darktrace for cloud banking and anomaly detection. Shovel manufacturers such as F5 or Akamai secure payment APIs and banking portals.

Crypto & blockchain

Big players:

$PANW (+1,88%) Palo Alto Networks (PANW), $FTNT (+0,66%) Fortinet (FTNT), $CRWD (+1,24%) CrowdStrike (CRWD)

- Core protection for exchanges, wallets and blockchain infrastructure

My top recommendation $FTNT (+0,66%) - ASIC hardware + software, cost advantage

Hidden champions:

$BBAI (+0%) BigBear.ai (BBAI) - Blockchain Fraud Detection

$RIOT (+5,26%) Riot Platforms (RIOT) - Mining with a focus on security

$CHKP (+0,87%) Check Point - the new blockchain firewall initiative (Web3)

My top recommendation $CHKP (+0,87%) - Strong brand & existing customers, but limited innovative strength

Shovel manufacturer:

$NVDA (-0,44%) Nvidia (NVDA), AMD (AMD) - chips & mining hardware

$NET (+1,89%) Cloudflare (NET), $AKAM (-0,7%) Akamai Tech. (AKAM)

- Network protection for wallets & exchanges

My top recommendation $NVDA (-0,44%) - GPUs, quasi-monopoly in high-end compute

🔑 Takeaway crypto & blockchain

Crypto ecosystems are heavily affected by attacks on exchanges, wallets and smart contracts. While traditional security players provide protection, niche providers such as BigBear.ai and Riskified are emerging that specialize specifically in fraud and blockchain risks.

Source: Own analysis, image material: schwarz-digits

Today I said goodbye to $SMH (+0,87%) 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 (+0,37%) together with my DCA, and later I will also get $TDIV (+0,06%) get another share.

This means that companies such as $AMD (+1,37%) , $MU (-0,28%) , $INTC (+2,83%) 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 (+0,24%) and better diversified than the $CSPX (+0,18%) .

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 (+4,39%)

NVIDIA $NVDA (-0,44%)

Broadcom $AVGO (+1,11%)

Microsoft $MSFT (+0,77%)

Meta $META (+1,1%)

Apple $AAPL (+0,78%)

Roche $ROG (-1,76%)

Taiwan Semiconductor $TSM (+0,23%)

Mastercard $MA (+0%)

Visa $V (-0,47%)