Portfolio update: Allocations and Top 5 positions

Happy New Year 2015 !!

At the beginnig of each year I have two tasks to complete regarding investments: document our portfolio allocation and compare how we did last year against our bechmark.

The latter requires quite many excel drills so I will start with the easier one.
Our portfolio is currently allocated as follows:

Stocks 97,8%
Gold 2,1%
Cash 0,1%

No bonds.
I simply substitute bonds with quality dividend payers in our portfolio.


Geographical Allocation (stocks):

Europe 55,8%
North America 33,2%
Emerging markets 11,0%

Actually, place of incorporation is pretty meaningless for most corporations we have invested in. Most operate and sell globally.


Sector Allocation (stocks):

Information Technology 43,6%
Other 20,2%
Oil & Gas Production 9,3%
Health Care 8,1%
Communication Service Providers 7,3%
Low Emission Power Generation 7,0%
Mining & Exploration 4,5%


Top 5 positions:

Company/ETF (sector) allocation%

Western Digital (IT) 10,0%
Siili Solutions (IT) 8,2%
Nokia (IT) 7,2%
UPM (Other) 6,4%
Intel (IT) 5,9%

20,8% of all stock positions are done via ETFs.
None of those positions made it to top 5 this year.