September 23, 2022
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The Week’s Biggest Winner & Loser
Apple (AAPL)
Boy, if there was ever a sign of how everyone in the market owns Apple (AAPL), this is it. In a week where the S&P 500 dropped -4.65%, Apple (AAPL) only dropped -0.18% as everyone apparently poured into the stock for its perceived “Safe Haven” status. In a week of red, a tiny -0.18% makes Apple (AAPL) the Week’s Biggest Winner.
Coinbase (COIN)
In a down market, it’s never good to be a speculative stock and even worse to be a speculative stock in a speculative sector. Coinbase (COIN), the crypto exchange, got the double-whammy this week, dropping -16.38% and easily snagging the Biggest Loser spot for the portfolio.
Portfolio Allocation
Positions
%
Target Position Size
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Portfolio Breakdown
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Year-to-Date Performance
The “Baskets”
The Investments in Play portfolio contains a number of groups of stocks called “baskets.” I use baskets when I want exposure to a certain sector, but I want to use more than one stock to get that exposure without giving each individual stock an allocation.
In this portfolio, there is the Financials Basket which includes stocks that provide the portfolio with exposure to the financial sector which includes money-center banks, credit card companies, and investment management firms.
The Pets Basket includes the two leaders in pet health, long-time holding IDEXX Labs (IDXX) and newcomer Zoetis (ZTS). Both are considered “Best-in-Breed” (pun intended) for different reasons which is why I’m holding both of them instead of just picking one or over the other.
Additionally, there are two speculative baskets in the portfolio: Old-Spec and New-Spec.
Companies in the Old-Spec basket are ones with long track records where I want to have some exposure in the portfolio but I’m not confident enough to give each a full allocation.
New-Spec companies are typically stocks either new on the scene or representing a fairly new approach or sector, where, like Old-Spec, I want exposure but I don’t want a full allocation of any individual company.
Current Position Performance
Apple (AAPL)
+820.56%*
1st Buy 4/18/2013 @ $14.17
Current Per-Share: (-$54.05)*
Tesla (TSLA)
+705.18%*
1st Buy 3/12/2020 @ $37.10
Current Per-Share: (-$26.14)*
Boeing (BA)
+537.04%*
1st Buy 2/14/2012 @ $79.58
Current Per-Share: (-$148.35)*
Block (SQ)
+483.86%*
1st Buy 8/5/2016 @ $11.10
Current Per-Share: (-$71.45)*
Nvidia (NVDA)
+480.01%*
1st Buy 9/6/2016 @ $15.77
Current Per-Share: (-$5.75)*
Nike (NKE)
+375.76%*
1st Buy 2/14/2012 @ $26.71
Current Per-Share: (-$6.08)*
Skyworks (SWKS)
+329.34%*
1st Buy 1/31/2020 @ $113.60
Current Per-Share: (-$33.44)*
IDEXX Labs (IDXX)
+318.14%*
1st Buy 7/26/2017 @ $167.29
Current Per-Share: (-$39.57)*
Logitech (LOGI)
+242.75%
1st Buy 11/11/2016 @ $24.20
Current Per-Share: $13.45
Disney (DIS)
+226.77%
1st Buy 2/14/2012 @ $41.70
Current Per-Share: $30.45
Amazon (AMZN)
+92.04%
1st Buy 2/6/2018 @ $69.15
Current Per-Share: $59.25
Meta (META)
+63.38%*
1st Buy 9/16/2017 @ $128.58
Current Per-Share: -($64.60)*
Take Two (TTWO)
+45.98%
1st Buy 10/9/2018 @ $128.40
Current Per-Share: $75.60
JP Morgan (JPM)
+43.42%
1st Buy 10/26/2017 @ $102.30
Current Per-Share: $76.10
Berkshire (BRK.B)
+42.61%
1st Buy 8/2/2019 @ $199.96
Current Per-Share: $187.77
Dow (DOW)
+33.40%
1st Buy 5/13/2019 @ $53.18
Current Per-Share: $32.91
Salesforce (CRM)
+28.11%
1st Buy 6/11/2018 @ $134.05
Current Per-Share: $114.75
Morgan Stan (MS)
+4.24%
1st Buy 4/25/2022 @ $83.50
Current Per-Share: $78.20
Schwab (SCHW)
-1.74%
1st Buy 4/18/2022 @ $76.30
Current Per-Share: $72.14
Alphabet (GOOGL)
-3.13%
1st Buy 9/16/2022 @ $101.93
Current Per-Share: $101.93
Visa (V)
-3.17%
1st Buy 5/9/2022 @ $194.00
Current Per-Share: $189.88
Zoetis (ZTS)
-4.57%
1st Buy 6/13/2022 @ $157.55
Current Per-Share: $157.23
Dutch Bros (BROS)
-13.50%
1st Buy 9/20/2021 @ $42.25
Current Per-Share: $37.25
Roblox (RLBX)
-22.82%
1st Buy 9/29/2021 @ $77.00
Current Per-Share: $46.05
Twilio (TWLO)
-37.91%
1st Buy 8/8/2019 @ $125.71
Current Per-Share: $109.73
Rivian (RIVN)
-43.50%
1st Buy 11/12/2021 @ $127.00
Current Per-Share: $59.40
Canopy (CGC)
-49.45%
1st Buy 5/24/2018 @ $29.53
Current Per-Share: $5.62
Coinbase (COIN)
-70.90%
1st Buy 4/14/2021 @ $412.47
Current Per-Share: $212.34
* Indicates a position where the capital investment was sold.
Profit % for * positions = Total Profit / Starting Capital Investment
A negative share price indicates the dollar amount of profit for each share currently held.
This Week’s Moves
Berkshire-Hathaway (BRK.B): Added to Position
Berkshire-Hathaway (BRK.B) broke down with the rest of the market on Friday, finally triggering my next buy order which filled at $266.13. This is the first time I’ve added to BRK.B in a full year, that’s how well this stock has held up during 2022’s selloffs.
The buy raised my per-share cost +2.68% from $182.87 to $187.77, still a -6.10% reduction from my first buy at $199.96 back on August 2, 2019. From here, my next buy target is $221.90, above a past point of support, and I have no sell targets at this time.
BRK.B closed the week at $267.77, up +0.62% from where I added Friday.
Skyworks Solutions (SWKS): Dividend Reinvestment
Skyworks Solutions (SWKS) paid out its quarterly dividend last Friday, raising my per-share cost +0.62% from -$33.65 to -$33.44 (a negative per-share cost indicates all capital has been removed in addition to $33.44 per share added to the portfolio’s bottom line in addition to each share’s current value).
Wait. Why did free money raise the per-share cost, not lower it?
Since I have already taken significant profits out of this position, the amount of profits is now divided by more shares resulting in a higher per-share cost. Math is funny.
As for Skyworks Solutions, I remain pretty conservative with this position as we still don’t know if Apple (AAPL) plans to make chips that would render its agreement with SWKS obsolete. If AAPL sees success, the cancellation of its contract with SWKS could be potentially devastating to the company and its stock price.
Accordingly, I don’t intend to add to my SWKS until it gets much lower from these levels with a buy price target at $80.45. My next profit-taking target is $137.45, below a past point of significant resistance.
Want Further Clarification?
As always, if you have questions about any of my positions or have positions of your own that you’re curious about – feel free to leave a comment below!
See you next week!
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