Some stocks are deep in the red for me. Mostly consumer stocks, which to me seem that the sentiment is not that positive.

Anyways, what to do with these stocks?

$LULU (+1,53%)

$MC (+1,61%)

$TGT (+1,68%)

$LULU (+1,53%)

🔹 Revenue: $2.4B (Est. $2.36B) 🟢; UP +7% YoY (or +8% on cc)

🔹 EPS: $2.60 (Est. $2.58) 🟢

🔹 Comparable Sales: UP +1%

FY Guidance

🔹 Revenue: $11.15B–$11.3B (Est. $11.24B) 🔴

🔹 EPS: $14.58–$14.78 (Est. $14.94) 🔴

🔸 Full-year revenue growth expected +5% to +7%, or +7% to +8% excluding 53rd week effect

🔸 Guidance excludes any impact from future share repurchases

🔸 Forecasts based on management’s expectations; excludes macro and tariff uncertainties

Q2 Guidance

🔹 Revenue: $2.535B–$2.56B (Est. $2.57B) 🔴

🔹 EPS: $2.85–$2.90 (Est. $3.32) 🔴

🔸 Assumes ~30% tax rate

🔸 Revenue Growth Outlook: +7% to +8% YoY

Q1 Geographic Performance

🔹 Americas Revenue: UP +3% YoY (or +4% cc)

🔹 International Revenue: UP +19% YoY (or +20% cc)

🔹 Americas Comparable Sales: DOWN -2% (or -1% cc)

🔹 International Comparable Sales: UP +6% (or +7% cc)

Other Key Q1 Metrics:

🔹 Gross Profit: $1.4B; UP +8% YoY

🔹 Gross Margin: 58.3% (UP +60 bps YoY)

🔹 Operating Income: $438.6M; UP +1% YoY

🔹 Operating Margin: 18.5% (DOWN -110 bps YoY)

🔹 Effective Tax Rate: 30.2% (vs. 29.5% YoY)

🔹 Shares Repurchased: 1.4M shares for $430.4M

🔹 Cash & Cash Equivalents: $1.3B

🔹 Total Stores: 770 (Net +3 stores in Q1)

🔹 Inventory: $1.7B; UP +23% YoY (UP +16% on unit basis)

CEO & CFO Commentary

🔸 CEO Calvin McDonald:

“In the first quarter, we achieved growth across channels, categories, and markets, including the U.S., reflecting the continued strength and agility of our business model. We’re leveraging our financial strength to play offense, even in a dynamic macroenvironment.”

🔸 CFO Meghan Frank:

“We delivered revenue at the high end of our Q1 guidance and are pleased with how Q2 has started. We're operating with discipline and remain focused on long-term strategy.”

I challenge you to critique my current holdings. Any critique is welcome. Go!

Here are my current holdings:

$MSFT (-0,24%)

$META (+0,81%)

$MA (+0,29%)

$BRK.B (+0,02%)

$AMZN (+1,78%)

$ASML (-0,5%)

$MSCI (+1,92%)

$MC (+1,61%)

$BKNG (+1,81%)

$SPGI (+0,12%)

$ADBE (+0,27%)

$NOVO B (+0,79%)

$AIR (+1,21%)

$CDNS (+0,55%)

$OR (+0,79%)

$IDXX (+0,57%)

$EL (-0,38%)

$FTNT (-0,42%)

$LULU (+1,53%)

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 (-0,24%)

$META (+0,81%)

$MA (+0,29%)

$BRK.B (+0,02%)

$AMZN (+1,78%)

$ASML (-0,5%)

$MSCI (+1,92%)

$MC (+1,61%)

$BKNG (+1,81%)

$SPGI (+0,12%)

$ADBE (+0,27%)

$NOVO B (+0,79%)

$AIR (+1,21%)

$CDNS (+0,55%)

$OR (+0,79%)

$IDXX (+0,57%)

$EL (-0,38%)

$FTNT (-0,42%)

$LULU (+1,53%)

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 (-0,24%)
  $ADBE (+0,27%)
  $META (+0,81%)
  $MA (+0,29%)
  $AMZN (+1,78%)
• 
  $OR (+0,79%)
  $MC (+1,61%)
  $RMS (+0,86%)
  $EL (-0,38%)
• 
  $BRK.B (+0,02%)
  $MSCI (+1,92%)
  $SPGI (+0,12%)

Growth Picks (“2030 Stocks”):

• $ASML (-0,5%)
  $CDNS (+0,55%)
  $FTNT (-0,42%)
• 
  $BKNG (+1,81%)
  $AIR (+1,21%)
• 
  $LULU (+1,53%)
  $IDXX (+0,57%)
  $NOVO B (+0,79%)

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 (-0,24%)

$META (+0,81%)

$MA (+0,29%)

$BRK.B (+0,02%)

$AMZN (+1,78%)

$ASML (-0,5%)

$MSCI (+1,92%)

$MC (+1,61%)

$BKNG (+1,81%)

$SPGI (+0,12%)

$ADBE (+0,27%)

$NOVO B (+0,79%)

$AIR (+1,21%)

$CDNS (+0,55%)

$OR (+0,79%)

$IDXX (+0,57%)

$EL (-0,38%)

$FTNT (-0,42%)

$LULU (+1,53%)

• 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 (-0,24%)

$META (+0,81%)

$MA (+0,29%)

$BRK.B (+0,02%)

$AMZN (+1,78%)

$ASML (-0,5%)

$MSCI (+1,92%)

$MC (+1,61%)

$BKNG (+1,81%)

$SPGI (+0,12%)

$ADBE (+0,27%)

$NOVO B (+0,79%)

$AIR (+1,21%)

$CDNS (+0,55%)

$OR (+0,79%)

$IDXX (+0,57%)

$EL (-0,38%)

$RMS (+0,86%)

$FTNT (-0,42%)

$LULU (+1,53%)

I added a new stock to my portfolio: $LULU (+1,53%)

Why I Own $LULU

Lululemon fits my strategy as a high-quality, premium consumer compounder with strong brand equity, pricing power, and a long runway for growth. I look for companies with exceptional return on capital employed, healthy margins and structural tailwinds. Lululemon checks all of those boxes.

The company has built a loyal, global customer base through community, innovation, and direct-to-consumer execution. Its gross margin is consistently above 55%. $LULU (+1,53%) isn’t just selling apparel, it’s selling a lifestyle.

This is a small initial position (1%) to establish exposure to a category-defining brand that aligns with my focus on durable growth, premium positioning, and strong capital efficiency. If execution continues, I may build this into a meaningful satellite in my long-term consumer allocation.