Our cash position is currently at 10% and has not been this large for years. Most of our sales recently have been kept as cash instead of reinvesting to another stock. Pandemic, US elections, Brexit etc. aside - it is increasingly hard to find stocks that are reasonably priced. That's the bottom line. Another reason is that we start to be massively long in a few stocks I particularly like. We have roundabout 20 stocks in portfolio so 5% would be an even stake. But that's not how most portfolios are and ours even less so. Top 10 stock stand at close to 70% of portfolio already so that starts to spell out as decent company risks.
Sector allocation is as shown in the picture:
As an aggregate different technologies and IT related sectors are close to 40% and that is the backbone of the portfolio. We do like IT/Tech and would like to accumulate even more, but not with any price.
Financials is our second largest bet.
Our top 5 stock positions currently are:
- Berkshire Hathaway (USA)
- Metso Outotec (Finland)
- Nokia (Finland)
- Intel (USA)
- Verkkokauppa.com (Finland)
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