Portfolio review October 2023

Every man needs a hedge. Estimated reading time: 21 minutes.

Disclaimer: This article constitutes the author’s personal views and is for entertainment and educational purposes only. It is not to be construed as financial advice in any shape or form. Please do your own research and seek your own advice from a qualified financial advisor. From time to time, the author may hold positions in the below-mentioned stocks consistent with the views and opinions expressed in this article. I have positions in all of the below stocks when publishing this article. This is a disclosure - not a recommendation to buy or sell stocks.

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Portfolio update

Painful month. The portfolio's value fell by -4.1% month-on-month and is now +21.4% since inception in October 2021, equivalent to an IRR of +10.0%.

There’s been weakness almost across the board. L’Occitane’s share price dropped further after a planned bid failed to materialise in early September. Bloomberry Resorts fell due to an unexpected equity raise. Niu Technologies fell significantly due to weak sales volumes in the third quarter of 2023.

The only positive news was from Cafe de Coral, whose earnings surprised positively thanks to the end of Hong Kong’s COVID restrictions late last year.

Here is the portfolio as of 30 October 2023: