When I‘m screening markets for my investable universe I look for high-quality compounders with:

• Strong and consistent capital returns (ROCE)
• High and stable profitability (gross, operating, and FCF margins)
• Steady revenue growth over time
• Large market capitalization (mature, established companies)

In detail I’m screening for:

• Market Cap: at least $ 10B
• ROCE 3-Year Avg: ≥ 25%
• ROCE 10-Year Avg: ≥ 25%
• Gross Margin 3-Year Avg: ≥ 50%
• FCF Margin 3-Year Avg: ≥ 20%
• Operating Margin 10-Year Avg: ≥ 25%
• Revenue per share CAGR 3-Year: ≥ 5%
• Revenue per share CAGR 10-Year: ≥ 5%
• FCF per share CAGR 3-Year: ≥ 10%
• FCF per share CAGR 10-Year: ≥ 10%
• Consistency/stability of earnings (from max. 1.0): ≥ 0.8
• No more than 75% revenue exposure to one single country/market (eg. USA)

Here are my current holdings:

$MSFT (+0,62%)

$META (+0,56%)

$MA (+2,14%)

$BRK.B (-0,27%)

$AMZN (-0,1%)

$ASML (-1,02%)

$MSCI (-0,18%)

$MC (+0,1%)

$BKNG (+0,51%)

$SPGI (-0,04%)

$ADBE (+0,93%)

$NOVO B (+2,99%)

$AIR (-0,11%)

$CDNS (+1,22%)

$OR (+2,06%)

$IDXX (-0,22%)

$EL (-0,32%)

$FTNT (-1,06%)

$LULU (-0,9%)

Today I‘m sharing with you my main portfolio. This doesn’t include any ETF investments and crypto currencies / gold etc. since I want to focus my presence on getquin on stock-picking.

Read my 3-part portfolio strategy posts to get the full picture - here are just the main pillars of what I‘m doing:

• Long-term buy and hold (average holding time 5+ years at least)
• Focus on high-ROIC compounders riding secular trends (top-tier capital efficiency)
• High margins, strong FCF growth, large moats (7 powers strategy)
• Holding not more than 20 stocks at a time while mainly focusing on US and EU based companies

I like to divide my holdings into „core holdings“ (forever stocks) and „trend picks“ (2030 stocks) as follows:

Core Holdings (“Forever Stocks”):

• $MSFT (+0,62%)
  $ADBE (+0,93%)
  $META (+0,56%)
  $MA (+2,14%)
  $AMZN (-0,1%)
• 
  $OR (+2,06%)
  $MC (+0,1%)
  $RMS (+1,74%)
  $EL (-0,32%)
• 
  $BRK.B (-0,27%)
  $MSCI (-0,18%)
  $SPGI (-0,04%)

Growth Picks (“2030 Stocks”):

• $ASML (-1,02%)
  $CDNS (+1,22%)
  $FTNT (-1,06%)
• 
  $BKNG (+0,51%)
  $AIR (-0,11%)
• 
  $LULU (-0,9%)
  $IDXX (-0,22%)
  $NOVO B (+2,99%)

I use the 7 Powers framework from the book “7 Powers: The Foundations of Business Strategy” by Hamilton Helmer. It’s a killer framework for understanding why some businesses create lasting value and compound returns over time.

Each “Power” is a sustainable strategic advantage that lets a company generate outsized returns for a long time. I ask the 7 questions for each stock I am considering to buy.

1. Counter-Positioning

• What it is: A new entrant adopts a superior business model that incumbents can’t copy without damaging their own biz.
• Example: Netflix vs. Blockbuster. Blockbuster couldn’t move to streaming without killing its DVD revenue.
• Why it matters: Creates asymmetric pressure; the old guard is paralyzed.

2. Scale Economies

• What it is: Unit costs drop as volume increases.
• Example: Amazon, Costco. Bigger = cheaper = stronger moat.
• Why it matters: Hard to compete if you can’t match their cost base.

3. Switching Costs

• What it is: Customers stick around because switching is painful.
• Example: Adobe Creative Cloud, Microsoft Office, Salesforce.
• Why it matters: High retention = stable cash flows = compounding machine.

4. Network Effects

• What it is: The product gets better as more people use it.
• Example: Meta, Visa, LinkedIn.
• Why it matters: Leads to dominance, creates a feedback loop of growth.

5. Branding

• What it is: Emotional or symbolic value, not just functional.
• Example: L’Oréal, Hermès, Apple.
• Why it matters: Lets companies charge premium prices and keeps customers loyal even if alternatives exist.

6. Cornered Resource

• What it is: Exclusive access to a critical asset — talent, IP, data, supply.
• Example: ASML (EUV tech), Novo Nordisk (Ozempic IP), Ferrari (brand + heritage + team).
• Why it matters: If no one else can get it, you win.

7. Process Power

• What it is: Unique internal processes that drive efficiency, innovation, or quality — and are hard to copy.
• Example: Toyota (lean manufacturing), Amazon (logistics, culture of innovation).
• Why it matters: Long-lasting edge baked into the org’s DNA.

If I had to chose one, Network effects would be the most important one for me.

Here are my current holdings:

$MSFT (+0,62%)

$META (+0,56%)

$MA (+2,14%)

$BRK.B (-0,27%)

$AMZN (-0,1%)

$ASML (-1,02%)

$MSCI (-0,18%)

$MC (+0,1%)

$BKNG (+0,51%)

$SPGI (-0,04%)

$ADBE (+0,93%)

$NOVO B (+2,99%)

$AIR (-0,11%)

$CDNS (+1,22%)

$OR (+2,06%)

$IDXX (-0,22%)

$EL (-0,32%)

$FTNT (-1,06%)

$LULU (-0,9%)

• Concentrate on the following sectors: Tech, consumer, healthcare, financial (excluding banks), industrials
• Smallest position size 2% / largest position size 15%
• Only sell a position when it can be replaced with a position that increases the overall quality of the portfolio
• Avoid companies with little to no track record or companies going through a restructuring phase

Here are my current holdings:

$MSFT (+0,62%)

$META (+0,56%)

$MA (+2,14%)

$BRK.B (-0,27%)

$AMZN (-0,1%)

$ASML (-1,02%)

$MSCI (-0,18%)

$MC (+0,1%)

$BKNG (+0,51%)

$SPGI (-0,04%)

$ADBE (+0,93%)

$NOVO B (+2,99%)

$AIR (-0,11%)

$CDNS (+1,22%)

$OR (+2,06%)

$IDXX (-0,22%)

$EL (-0,32%)

$RMS (+1,74%)

$FTNT (-1,06%)

$LULU (-0,9%)

My Portfolio is a selection of 15-25 companies which I am buying and planning on never selling. The overall criteria for my #investableuniverse are the following. I will go in-depth in another post:

• Little capital needed to run the business (high ROCE)
• High returns on invested capital (high ROIC)
• Profitability track-record with high gross margins / operating margins / high free cash flow margins
• High free cashflow growth / substantial revenue growth
• Global revenue diversification
• Low cyclicality
• #tollbooth Company - Large moat / brand name in the industry / no alternatives to the product
• Predictable sources of future growth / global trends

Here are my current holdings:

$MSFT (+0,62%)

$META (+0,56%)

$MA (+2,14%)

$BRK.B (-0,27%)

$AMZN (-0,1%)

$ASML (-1,02%)

$MSCI (-0,18%)

$MC (+0,1%)

$BKNG (+0,51%)

$SPGI (-0,04%)

$ADBE (+0,93%)

$NOVO B (+2,99%)

$AIR (-0,11%)

$CDNS (+1,22%)

$OR (+2,06%)

$IDXX (-0,22%)

$EL (-0,32%)

$RMS (+1,74%)

$FTNT (-1,06%)

$FTNT (-1,06%)

- Revenue: $1.54B, +14% YoY

- Net Income: $433.4M, +45% YoY

- Free Cash Flow: $782.8M, +29% YoY

🌱Revenue & Growth

- Product Revenue: $459.1M, +12% YoY

- Service Revenue: $1.08B, +14% YoY

- Billings: $1.60B, +14% YoY

- Unified SASE ARR: $1.15B, +26% YoY

- Security Operations ARR: $434.5M, +30% YoY

💰Profits & Health

- GAAP Operating Margin: 29.5% vs 23.7% in Q1 2024

- Non-GAAP Operating Margin: 34.2% vs 28.5% in Q1 2024

- Non-GAAP Net Income: $452.3M, +35% YoY

- Cash & Equivalents: $3.60B, +25% QoQ

- Remaining Performance Obligations: $6.49B, +12% YoY

📌Business Highlights

- Achieved record Q1 GAAP operating margin

- Acquired Linksys Holdings, Inc.

- Invested in Unified SASE and Security Operations

- Strengthened leadership in Secure Networking

- Received $14.0M from intellectual property matter

🔮Future Outlook

- Q2 2025 Revenue: $1.59B-$1.65B

- Q2 2025 Billings: $1.685B-$1.765B

- FY2025 Revenue: $6.65B-$6.85B

- FY2025 Non-GAAP Operating Margin: 31.5%-33.5%

- FY2025 Non-GAAP EPS: $2.43-$2.49