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.