3 Recent Buys – AYX, ICE, TWLO

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A quick update on recent buys in my portfolio. As mentioned in the Outlook post, after a lot of sales in March, I have decided to start deploying more capital into the markets as I don’t like to sit on a lot of cash on the sidelines. In this iteration, all two of the three companies are new to my portfolio and one is a re-initiation.

  • First purchase: I re-initiated my position in Twilio Inc (TWLO) @ $115.43. TWLO is a fast growing SaaS company that I had a position in the past. I am still bullish on the long term for this company even though we may see some bumps along the road as we go through this recession. The revenue growth is slowing for this wide moat company & current expectations are approx 25% going forward.
  • Second purchase: I initiated a position in another SaaS company: Alteryx Inc (AYX) @ $112.49. Alteryx makes business critical end-to-end data analytics software. Another wide moat company that has been growing well and is expected to grow revenue by approx 30% going forward.
  • Third purchase: I initiated a position in Intercontinental Exchange (ICE) @ $91.93. ICE owns 12 regulated exchanges (including NYSE) and 6 clearing houses. Market operators like ICE have a very wide moat and the future continues to be brighter than ever.

What are your thoughts on these purchases. Share a comment below.

Full Disclosure: Long AYX, ICE, and TWLO. Our full list of holdings is available here.

2 Recent Buys – SPGI, MELI

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A quick update on a couple of recent buys in my portfolio. After a lot of sales in March, I have decided to start wading back into the markets as the volatility subsides.

  • First purchase: I continued adding more to my position in S&P Global Inc (SPGI) @ $280.70. I am starting to get close to a full position in this company, but may go for one more tranche if I see some weakness in coming weeks/months.
  • Second purchase: I initiated a new position in MercadoLibre Inc (MELI) @ $570.00. MercadoLibre is a fast growing e-commerce company focused on the Latin American market. It’s a company that I had heard about but only recently started researching. I have started a Twitter thread where I capture details about the company if you are interested in following along.

What are your thoughts on these purchases. Share a comment below.

Full Disclosure: Long SPGI, MELI. Our full list of holdings is available here.

3 Recent Buys – BAM, BIP, EQX

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A quick update on recent buys in my portfolio. After a lot of sales in March, I have decided to start wading back into the markets as the volatility subsides.

  • First & second purchases: I re-initiated my position in Brookfield Asset Management (BAM.A.TO) @ $45.00 and Brookfield Infrastructure Partners LP (BIP.UN.TO) @ $55.00. Split-adjusted, I didn’t really time the market as well as I hoped, and just got them for a few percentage points lower than sale price; but I am starting off with a smaller position than what I had before the selloff. I will be looking to start building this position back up in coming weeks/months.
  • Third purchase: I added to my position in Equinox Gold (EQX.TO) @ $10.00. Equinox should see significant revenue growth in 2020 & 2021 and with it tremendous FCF depending on the spot price. This was an easy decision to add at this price point.

What are your thoughts on these purchases. Share a comment below.

Full Disclosure: Long BAM.A.TO, BIP.UN.TO, EQX.TO. Our full list of holdings is available here.

3 Recent Buys – SPGI, GOOGL, V

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A quick update on recent buys in my portfolio. After a lot of sales in March, I have decided to start wading back into the markets as the volatility subsides. I don’t know if these are good entry points or if more pain is ahead of us, but putting a bit of money to work seems prudent. Time will tell if this is a mistake or not.

  • First purchase: I re-initiated my position in S&P Global Inc (SPGI) @ $259.00. SPGI is one of my high conviction ideas that I believe will continue to do very well as the debt market expands. If you are looking to learn more, YourMTLBroker recently wrote a good overview post on SPGI here.
  • Second purchase: I re-initiated my position in Alphabet Inc (GOOGL) @ $1,199.00. Another high conviction idea for me even though I believe the stock price will be under pressure as the world cuts back on the ad spending. GOOGL still relies heavily on the ad market for the bulk of its revenue, but after selling GOOGL at $1500+ 4-5 weeks ago, I dont mind getting back in under $1200. I am starting off with a 1/4 position for now and will continue building to full position on weakness.
  • Third purchase: A completely new holding that I’ve never held before. I’ve had my eye on some names in fintech and finally decided to jump in during the ongoing correction. I initiated a position in Visa Inc (V) @ $166.00. Over the course of past few months, Ive had analysis-paralysis when coming to terms in picking between V & MA – they are both great companies and come with some pros and cons. Maybe I’ll just end up with both in the portfolio in the future? But for now, I have a small starter position in V with this move.

What are your thoughts on these purchases. Share a comment below.

Full Disclosure: Long SPGI, GOOGL, V. Our full list of holdings is available here.

2 Recent Buys – SPGI, BAM

BuySell

A quick update on two purchases in my portfolio last week in the midst of the correction.

  • First purchase: I added to my position in S&P Global Inc (SPGI) @ $283.00. I have been building my position in SPGI slowly as the stock continues falling from its all time highs. I am still nowhere close to a full position, so I expect more purchases in SPGI if the stock keeps falling. See previous purchase here.
  • Second purchase: I added to my position in Brookfield Asset Management (BAM.A.TO) @ $83.90. Another incremental purchase as I build to what is now a full position. I believe in Bruce Flatt’s stewardship and expect continued tailwinds for Brookfield as interest rates continue falling further than where we are today — thus making an even stronger case for alternative asset managers. See previous purchases here.

What are your thoughts on these purchases. Share a comment below.

Full Disclosure: Long SPGI, BAM.A.TO. Our full list of holdings is available here.