FULL PORTFOLIO UPDATE: +143%

A lot has changed since my last full update. I exited UiPath, opened two new positions, and the portfolio just crossed 143% total return with a 27.91% CAGR. The S&P 500 has returned 70.74% over the same period. We’re now positive on the year at +3.01% and up 68.21% over the trailing twelve months.

Why I Sold PATH

I’ve been transparent about losing confidence in PATH in several updates. UiPath reported a solid Q4 with $481 million in revenue and first-ever full-year GAAP profitability, but ARR growth of 11% wasn’t accelerating. In a concentrated portfolio built around compounding, that growth rate doesn’t compete for capital. I sold the full position and redeployed proceeds into higher-conviction companies.

Why I added Micron (MU) & Ondas (ONDS), One Stock I’m Considering Selling, & Full Portfolio Update

MU is a new position at 2.85% of the portfolio, purchased at $322.89 and currently trading at $421.51 for a 30.54% return in roughly a month. This is the position I want to spend real time on because I think Micron is one of the most compelling risk/reward setups in the market right now.