Portfolio allocation

Our sector allocation is currently as shown in the picture: 

The backbone of the portfolio is technology. The related sectors total to 46% of portfolio. This is the same aggregate allocation as in the previous year across the tech sectors. There were changes in individual sectors and companies, but they seem to even out on this level.

Industrial goods & services is our second largest bet with financials trailing very close. Berkshire Hathaway is counted 50/50 for both.

Our top 5 stock positions currently are:

1. Berkshire Hathaway (USA)
2. Nokia (Finland)
3. Metso Outotec (Finland)
4. Verkkokauppa.com (Finland)
5. Siili Solutions (Finland)

 

Compared to year go Berkshire Hathaway and Nokia have climbed one position upwards while Metso Outotec fell from 1^st place to 3^rd largely because the two previously mentioned performed much better in 2021. Since I trimmed our semiconductor positions smaller, Micron nor any other players are visible among top 5. Verkkokauppa.com continues to be the 4^th largest position and Siili Solutions raised to be the 5^th.

Especially the top 3 positions are significant. They make up 34% of the entire portfolio while top 10 is 67% of the portfolio, which contains all told 23 stocks from Finland and USA.

Portfolio update: Cash position increased

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)