Transcript
0:00 Hi guys. Today I'm going to show you in details my $200,000 stock portfolio. It's a very different video than usually. There is no music, no fancy editing, no script. It's just me talking raw to the camera. Way more honest. It's not made for the algorithm. It's made for you. I will talk to you like I talk to my real life close friends and I will show you exactly in all honesty and transparency what's inside my portfolio.
0:26 Let me begin by telling you what I say to my friends when they ask me for investment tips and they want to know my holdings, what should I buy and so on. You shouldn't copy me. You should have your own way to invest, your own conviction that you know that are tailored to your personality and to the way that you are. Not just copy someone else. That's the perfect way to lose money. Clearly this applies even more to YouTube. You should never copy YouTubers. You shouldn't trust YouTubers. You should think with your own mind. So, this is not financial advice. It's just a friend sharing with you his portfolio. Now, my portfolio is very different than any other investor, YouTuber, fund manager.
1:09 It's I don't copy anyone. It's just my portfolio. And I was a professional poker player, so I'm comfortable and confident in taking a lot of calculated risk. So, I don't need to be very differentiated. I'm like usually my portfolio there is few positions, very concentrated. At the time of recording I only have eight stocks. Before I reveal my position, let me say that lately I'm losing money. There is a lot of red in my portfolio.
1:41 But before you jump into the comments and write, "You are the worst investor ever existed." Please consider all the trades that I have done since I started this channel January 2025. Check it out. I've made 11 trades. 90,000 K in profit. None of these trades I lost money are all 11 are green. Even if I'm currently down 20,700 dollars with my open position, I'm up around the 70K on a 140,000 dollar investment.
2:17 This is a 50% return while the S&P I think is up around 25 26%. So, even with all the mistakes I've done and have done a lot of mistakes, I'm still doubling the S&P 500 returns. Please, no judgement and no harsh comment. I'm already losing money. Here is my portfolio. I'm going to show you each one of my holding starting from my smallest position up to the biggest. I know many of you just care about one or two specific stock, specific name. So, for your convenience, I'm going to put the time stamp below. Would be much better if you can watch the whole video.
2:55 However, I understand if you want to jump ahead. Smallest position, Booking Holdings, booking.com. It's a 5.69% of my portfolio. I just made a video about Booking. So, if you're interested in the company, check it out. Personally, I'm not super excited with Booking. My initial thesis investment thesis was that travel will expand like the travel industry will growth with growth of the population. People like to travel more and more. Asia is getting richer and they will also travel more and Booking will profit from this secular trend. And I think this thesis is still valid, is still in play. However, look at the chart. I've entered this position the 7th of April last year.
3:42 Here. Timing the bottom in almost a miraculous way is never never happened to me like that. And I was very excited because in three months the stock went up 40% but since then just down and down and down. So now we are below my entry price. Revenue is growing like 10%. Profits are growing 10%. So the company is actually cheaper now that when I initially bought. At the same time I could argue that now it's there is a little bit more risk.
4:15 For example, there is a new war going on and especially there is this AI uncertainty. Right now there is this storytelling that we really don't know what will happen to travel and how we will book hotels and accommodation 10 years from now. I'm still holding because I think it's very cheap. However, I wouldn't recommend it to my close friends unless they want something connected to travel or something easy to understand, something that we use. Next, Sanara MedTech. This is a micro cap, 170 million market cap. It's 7.8% of my portfolio and I'm down around 21%.
4:58 They sell surgical medicine. I was just listening to the earnings call 20 minutes ago. Finally, finally, great earnings. The company today is trading up 23%. However, the investment it's not going the way I want. I opened the position 1 year ago. Since then in the beginning was going up. I was up almost 24, 25% and then crashed down, down, and down. The telehealth part of the business completely failed, 30 million in the garbage. And in November, right here, the worst news, the CEO resigned.
5:38 This is one of my special talent. I'm really, really good on buying companies right before the CEO quits. Like AdhereTx is in, I'm out." And every time that happened, of course, it sucks because the stocks keep going down for at least 6 months. And then, if the new CEO is good, we get the turnaround and everything is going to be fine. In the case of Sanara, we are having like great quarter, very good growth. So, I am keep holding. However, I wouldn't really recommend it to my close friends or to people that ask me for investment because it's a very volatile very risky. It's a micro cap.
6:17 So, it's very risky company, very risky investment. You need to be very patient, very relaxed, very stable if you want to invest in a company like that. It is very cheap, it is very cheap, but it's also very, very risky. 8% of my portfolio is Microsoft. I bought some weeks ago and I'm already up $1,000, 7%. I'm not in love with Microsoft. However, I think it's currently a very good deal. If we see forecast, we can see that there is a disconnection between the price that is going down while the income and the sales are keep going up. If you see this kind of divergence, it's quite rare. On Microsoft, it happened once in 2022 and probably not at these extremes and again today. So, I think it's a good deal. My hope is that Microsoft keeps going up while Meta keeps going down and then I will switch. If you're interested in this mega cap, I suggest you to watch this video right here. It's a video of last week where I analyzed 23 big YouTubers and what's their favorite Magnificent Seven right now. Next, 9% around $19,000 in cash. I don't know if you have noticed, but from the last time I shared my portfolio, I've closed my Molina Healthcare position I closed in the hype following the earnings.
7:42 So, I could have made more. I didn't close 200. I didn't close on top of that. Still, I made 2 3,000 dollars. I closed it because, to be honest, this is really out of my circle of competence. I don't understand anything of the US insurance system. I I just bought it based on valuation because it was so so cheap that I mean, yeah, it was too much. It was really really crazy cheap, and the sentiment was very negative.
8:09 Now, the sentiment is already more positive. And again, I don't know anything about insurance. So, I'm happy I took this 15% profit, 2,000 dollars or something. It's fine. My guess, purely based on valuation, is that in the coming years, the health insurance will still trade up because it's still extremely cheap. However, I don't know if whatever the US government will change a law and everything will change. Again, I don't understand it. it. Bye-bye. So, my suggestion here for my friends is don't invest in a business that you don't understand. Next, Novo Nordisk, 9.4% of my portfolio.
8:51 I'm basically even. This was my first video that crossed 10,000 view, and many people still ask me an update about Novo. So, here it is. I bought Novo here, and yeah, great start crossing 60 dollars. Everybody was excited. Oh, Andrew, you're a genius. You're a genius. And blah. Down. Back into the abyss. Finally, now we are up almost almost at my entry price. The big crash was because the government the US government kept the price of GLP-1 drugs, especially Wegovy, at 150 dollars. So, this is was very bad.
9:25 However, the Wegovy pill launch went incredible. Like the best and the biggest launch ever in the history of pharma. Never is many people love a pill, and so on. It is also much more effective than Lilly. So, there is a lot of positive and I believe the worst part for Novo is behind us. If we check forecaster, we can see that Novo Nordisk is actually very very cheap. There is a big disconnection between the share price and the underlying fundamentals. We can see here that the net income is still going up. This is maybe too optimistic, but let's say it is similar to last year or maybe even a little bit lower. However, there is a big disconnection between the share price that keeps going down and the fundamentals that keep going up.
10:17 As you can see during the whole history of the company, the share price was always over this net income line and now in the last couple of years, it reversed, it went much much lower. Given that the revenue this year is going down and given this bad news, I have to I have revisited down my fair value to around $70. So, I'm keep holding Novo because I think after 2 years of bad news trade out, like 2 years just down down down, I think the worst part is finally behind us. However, I'm not really in love with big pharma.
10:52 Ethically, it gives me some issue and and now the market is full of bargains. So, I might switch from a company like Novo to Mercado Libre, Lululemon, Zeta, Celsius, you know, there are so many interesting companies out there. Birkenstock, let's not forget Birkenstock, one of my favorite sandals. Next, PayPal. This is by far my greatest regret this year. 10.7% of my portfolio down 21% or $6,000.
11:26 This is painful. I bought it right here at will hold. Well, it didn't. One week later, CEO resigned. Adri economics is in, I'm out. Not only that, I really don't like the new CEO. He doesn't give me a good feeling, you know, it's I don't know. I'm No. No. I really have issue taking a loss, especially in a company trading at such a low valuation. However, it's a it's a company.
11:58 It's an antique business model that is not really working. Competition is super aggressive, much better. So, I don't know. I really don't know what to do with this one. I might wait a bit longer, hope for the miracle bounce just based on the low valuation. Like the valuation is really too low. However, I might also take a loss on this one. It It would be the first loss that I take since I start this channel that I close a position to a loss. I would really like to avoid that.
12:30 But, it's PayPal. Painful, I would say. Over the long run, I really think that they can squeeze enough value out of what they have to make it actually a decent investment. Like I I don't think people that buy now will lose money in the next three or five years. However, I wouldn't really suggest it to my friends. And yeah, I don't feel very comfortable holding it myself. So, Adri, what would you recommend?
13:01 Well, I'm way more bullish on my top three holdings. Adobe, 11% of my portfolio, 11 and 1/2, down $3,700 or 13%. Adobe is getting destroyed by the AI narrative that AI will change everything for software, and Adobe keeps going down and down and down. I entered here at $180. Do you want to guess what happened after I bought? After 20 years in charge, the CEO, Shantanu Narayen, I think is called.
13:35 20 years in charge, Adobe economics is in. I'm out. I quit. In the middle of the AI revolution, he quit. So, is it bad luck? Is it me? What's going on? Eight companies in three, the CEO quit 1 month after I bought. So, even if there are risk, I don't think AI will disrupt Adobe. Adobe is like too strong of a company, too big of a company. Every like every designer in the world, one way or another, is forced to use Adobe.
14:06 And the valuation, like mamma mia, the valuation is really really cheap. It's like incredibly cheap. As you can see in forecaster, Adobe is completely disconnected by the underlying fundamentals. As you can see during the whole history, I mean in the last 10 years, you see the share price really follow closely the earnings, as is normal, but from 2021, of course here earnings slow down, we get a let's say side phase with the share price going up and down, but more or less in a sideline. And now, earnings are picking back up, but the share price went down. So, we never had such a big disconnection between the share price and the earnings going up. Please give a try to forecaster. It is the official sponsor of this channel. There are a lot a lot of different tabs, and all very useful, like seasonality, patterns, overbought and oversold. We see Adobe's as neutral right now. Of course, all the fundamentals. And of course, there is also the forecaster AI agent with a lot of functionality. My favorite are of course the business explained simple, but I don't need it for Adobe. And the quality scorecard, where we can see Adobe is a seven out of a 10 quality. So, give it a try to forecaster. Please remember to use the discount coupon code Adri. So, the downside I think here is limited. The upside is big, of course. The new CEO brings extra uncertainty, more risk, so it brings my fair value down. I've already like, I don't know, I have a fair value around $400, but I bought at 280, so I see a big upside. This I will recommend to my friends, especially the one that don't thinks AI will change everything tomorrow. Of course, AI will change everything in 30 years, but I don't think Adobe will go anywhere in the next 5 or 10 years.
16:07 My second biggest position in terms of size is Hims and Hers Health. They just released earnings and I don't want to go around it or paraphrase it. Really earnings. Money wasted in the novel lawsuits, millions and millions of Chinese know-how of GLP-1 thrown in the garbage. What else? Revenue, US revenue declining 9%, like horrible, really horrible, horrible earnings. However, I'm positive this company is a big disruptor. Several reason, first because I imagine in the future, 5 years, 10 years from now, we will have way more telehealth than today. Personalized medicine, I think is a big trend. In the future, we'll have much more personalized medicine. Who's the sector leader? Hims.
16:59 Peptides. Peptides again, they're the new trend. This will, I think will increase a lot in the coming couple of years. Who's the leader in peptides? Hims. So, there is so much tailwind for Hims that I think it will grow a a Far from being a perfect company, but this is a company that one of my friends ask I tell okay, check it out because this might go really parabolic as soon as the storytelling change and peptides will be at the center of the news or customized personalized medicines, I think Hims will go back to $60 and if it breaks this resistance, I think it will go to a hundred or more quite quickly. Lastly, by far my favorite company right now Duolingo. 25% of my portfolio, I'm down $7,000 or 12%. For me, it's really a no-brainer. I Personally, I'm addicted to the app. I think the app is working.
17:59 It's great. It's like is improving very quickly and is getting better and better and with the AI, the learning experience will get incredible. So, I I think it's really like it's one of the most misunderstood stocks right now. Investors really don't get it. Just as my personal example is anecdotal, of course, but I've paid 12 months. In December, I've already decided that I'm going to renovate and pay 12 months more next December and I think a lot of people like me, like you know, the value that it gives it's too much for it's really like not that expensive. Overall, a big part of my conviction is connected to the management, especially Luis von Ahn. I think he's very very good, very competent.
18:47 He's one of the best CEO, honestly, like I heard a lot of conference call. When there is the Duolingo conference call, I'm always impressed of the quality of the management and I think he's really thinking long term. Like I Again, I'm not saying we are going there, but it is possible that 20 years from now the kids and every In general, the humans learn everything with Duolingo. It's not and will not be Duolingo, it will be probably be something like different name like dual learning or something, but I think it's something that might happen. My average enterprise is $122, so yes, I'm down. How much?
19:27 Around 12%. I've put 60k right now into Duolingo. I have 500 shares and I'm down 7-8,000 dollars. This is a company I honestly can't have enough. I've already ended to several friends. Of course, there is no guarantee and it might keep going down, but if it does, unless the situation change, I think I will keep buying. Like I already have 25% of my portfolio in Duolingo. I might have 30 or even 40% in really extreme cases. So, the lower it goes, the more I buy because I'm confident that in 2-3 years, it will be much, much higher.
20:07 Let's see. If you haven't seen my video about Duolingo where more than 20 YouTubers give their opinion about the stock, they're bulls and bears. It's mixed, it's a neutral video. Anyway, very cool. If you're interested in the company, give it a look to this video right here. I hope you enjoyed this portfolio review. It's a different video. Let me know if I should do a video like this where I just go through my portfolio every month.
20:29 Thank you. Thank you for watching until the end. I don't think many of you arrive at this point. If you did, you are the best. See you next week. Peace out.