In August, the portfolio was relatively flat, with a decrease of -0.91%. The standout performer was AGAS, which marginally uplifted the overall performance. The month began on a promising note, but by its end, all gains were erased. Despite the ongoing high volatility, I remain bullish on shipping, particularly tankers.
Positions for September 2023
- CMRE
- GLNG
- GSL
- GNK
- INSW
- NVGS
- OET
- STNG
Closed positions
- AGAS
We introduced AGAS to the portfolio in August, and it experienced a significant run-up. At this juncture, it seems more logical to reallocate the funds into other positions. If you are fond of the stock, there’s no downside to staying invested. There’s a potential for the upward trend to persist.
Added positions
There are no new positions at this time. As usual, we aim to minimize trading as much as possible, invest in undervalued stocks, and generate alpha over the long term while ignoring short-term volatility.
Portfolio Performance Tracking
This website contains no investment advice and is purely for informational and educational purpose. Do your own research! For more information please also check the model portfolio page.