5D·

My portfolio strategy (part 2)

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 (+0,27%)

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1Semana·

My portfolio strategy (part 1)

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:

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5 Comentários

Mathis@mathissng

1Semana

i like it !

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Mostrar resposta

Pazzzi

@Pazzzi

2Semana·

Watched for a long time and now struck

I have been watching Booking Holdings ($BKNG (+1,52%)) for around two years and hesitated for a long time. Despite the higher share price (~+50%), I now see an attractive entry point. The decisive factor for me is the clear vision of the management to expand the offering beyond pure accommodation ("Connected Trips": flights, attractions, etc.) and to use AI strategically. As a result, I see $BKNG (+1,52%) strongly positioned to grow further and assert itself as the market leader. The solid balance sheet and significant share buybacks and dividends are very positive in my opinion and give me additional confidence.

02.05

Booking Holding

Comprado em € 4.550,00

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9 Comentários

Stefania Kröger@Stefania

2Semana

I have been with Booking since 1.3.22 and will remain in the portfolio for a long time 🤑

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Fabio

@Fabio_M

2Semana·

April Rebalancing: Strategic Shifts in the Portfolio

The semi-annual rebalancing of the SPDR S&P Developed Quality Aristocrats ETF ($QDEV (+0,54%) ) has just been completed, bringing notable changes to the composition of this quality-focused investment vehicle.

Outgoing Companies:

RELX PLC$REL (+0,81%)
Keyence Corporation $6861 (+1,86%)
London Stock Exchange Group plc $LSEG (+1,47%)
Booking Holdings Inc. $BKNG (+1,52%)
Industria de Diseno Textil S.A. (Inditex) $ITX (+1,78%)
Texas Instruments Incorporated $TXN (+0,01%)
Cencora Inc.$COR (+1,16%)
Coloplast A/S Class B$COLO B (+2,29%)
Moncler SpA $MONC (+1,14%)
Cardinal Health Inc. $CAH (+1,69%)
CAR Group Limited $CAR (-2,31%)
Waters Corporat $WAT (+2,43%)
Nova Ltd. $NVMI (-1,15%)
Monolithic Power Systems Inc. $MPWR (+0,66%)

Incoming Companies:

Alphabet Inc. Class C$GOOG (+1,28%)
Nintendo Co. Ltd.$7974 (+2,49%)
S&P Global Inc. $SPGI (+0,81%)
InterContinental Hotels Group PLC $IHG (-1,37%)
Bristol-Myers Squibb Company $BMY (+1,98%)
Intercontinental Exchange Inc. $ICE (+0,64%)
Regeneron Pharmaceuticals Inc. $REGN (+1,65%)
Motorola Solutions Inc. $MSI (-0,34%)
Marriott International Inc. Class A $MAR (-0,32%)
Hilton Worldwide Holdings Inc. $HLT (+1,51%)
Industrivarden AB Class C$INDU C (-0,92%)
EMS-CHEMIE HOLDING AG$EMSN (-0,68%)
D'Ieteren Group SA/NV $DIE (+2,07%)
Electronic Arts Inc. $EA (+1,59%)
CK Infrastructure Holdings Limited $1038 (-1,26%)

This rebalancing aligns QDEV with evolving market conditions while maintaining its focus on quality companies with strong financial foundations. For investors seeking exposure to financially robust global corporations, these changes appear strategically sound, particularly with the inclusion of resilient tech giants and hospitality leaders positioned for growth.

Will this prove to be a winning choice? The fundamentals certainly suggest so.

#Investing
#ETF
#QDEV
#PortfolioManagement
#QualityStocks

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Aktien Stammtisch

@Aktien_Stammtisch

2Semana·

Booking Holdings Q1'25 Earnings Highlights:

$BKNG (+1,52%)

🔹 Adj EPS: $24.81 (Est. $17.45) 🟢; UP +22% YoY

🔹 Revenue: $4.76B (Est. $4.59B) 🟢; UP +8% YoY

🔹 Gross Bookings: $46.7B (Est. $46.47B) 🟢; UP +7% YoY

🔹 Adj EBITDA: $1.09B (Est. $849.8M) 🟢; UP +21% YoY

🔹 Room Nights Booked: 319M (Est. 316.63M) 🟢; UP +7% YoY

Operating Metrics

🔹 Free Cash Flow: $3.2B; UP +23% YoY

🔹 Net Cash from Operating Activities: $3.3B; UP +21% YoY

🔹 Adjusted EBITDA Margin: 22.9% (vs. 20.3% in Q1 2024)

Marketing & Expense Metrics

🔹 Marketing Expense as % of Gross Bookings: 3.8% (vs. 3.7% YoY)

🔹 Adjusted Fixed Operating Expenses: $1.16B; DOWN -3% YoY

🔹 Total Operating Expenses: $3.7B; UP +2% YoY (below revenue growth)

Segment & Platform Highlights

🔹 Alternative Accommodation Room Nights at Booking:com: Grew double digits YoY

🔹 Constant Currency Average Daily Rates (ADRs): Increased 1%

🔹 Gross Agency Bookings: $15.5B; DOWN -13% YoY

Capital Returns

🔹 Dividend: $9.60/share declared; payable June 30, 2025

🔹 Share Repurchases: $1.8B in Q1; $25.9B authorization remaining

CEO Glenn Fogel's Commentary:

🔸 "We had a good start to 2025 with healthy room night and gross bookings growth, supported by our globally diversified business."

🔸 "While macro and geopolitical uncertainties persist, we continue to drive long-term value for partners and travelers through our strategic priorities."

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1 Comentar