3 Recent Buys – AMZN, MELI, CSU

A quick update on a few recent purchases in my portfolio. I used the recent correction in Nasdaq to add to my positions.

First purchase: I added to my position in Amazon (AMZN) @ $3,175.00. I continue to put a big portion of my portfolio into FAMG names as I believe the big tech companies will keep growing and have tremendous potential with their global reach.
I added to my position in MercadoLibre (MELI) @ $1,100.00. MELI gives me exposure to EM markets focused on Latin America as e-commerce and payments sees tremendous tailwinds. The company is well run and this looks like an attractive position to add.
I added to my position in Constellation Software (CSU.TO) @ 1,480.00. My largest position by far. I have gone overweight on this name as the current weakness took the stock price <$1500. CSU makes approx 10% of my overall portfolio.

Full Disclosure: Full list of holdings is available here.

3 Recent Buys – BIPC, MSFT, ADYYF

A quick update on a few recent purchases in my portfolio.

First purchase: I added to my position in Brookfield Infrastructure Corp (BIPC.TO) @ CAD$62.50. Brookfield raised $275M by issuing shares, so I decided that it was a decent price to add to my position here. Recently, I changed my LP units to the C-corp units as I see a higher demand from rest of the investors for a simpler corporate structure.
Second purchase: I continued building on my position in Microsoft Corp (MSFT) @ $205.79. A bit pricey at current level, but great companies with a visibility to continued growth demand a premium in this market & I decided to nibble more here.
Third purchase: I added to Adyen NV (ADYYF) @ $1575.00. This is my third iteration of purchasing Adyen shares (see purchase #1 & #2 here). The stock has taken off since my initial purchases in May & June, but still decently priced considering the relative valuation in the US market.

Full Disclosure: Full list of holdings is available here.

A quick update on a couple of recent buys in the portfolio.

First purchase: I added to my position in Brookfield Asset Management (BAM.A.TO) @ CAD$44.00 with the recent weakness in stock price. There are still a lot of overhanging questions on the impact of BPY (Brookfield Real Estate subsidiary) on the parent company and how the commercial real estate market will play out, but I decided to incrementally add to my position here.
Second purchase: I added to my position in Facebook Inc (FB) @ $209.70. The recent backlash against FB from companies to pull ads was a good buying opportunity imo. Some of these companies have stated that this is a pause for just one month, while others have left it open-ended. Regardless, the revenue source is diversified with third party analytics showing that FB’s top 10 advertisers make only 1.5% of total revenue.
Third purchase: I continued building on my new position of Microsoft Corp (MSFT) @ $193.50. Recently I decided to go up the risk curve a bit and sold off most of my bond allocation & decided moving those funds to one of the two AAA rated companies with a long road of growth ahead. I am close to a full position now, but may add more in the future as my overall portfolio grows and sizing automatically changes.

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

A quick update on a couple of recent buys in my portfolio.

First purchase: I initiated a new position in Microsoft Corp (MSFT) @ $187.00. This has been long overdue. After missing this gem hiding in plain sight, I decided to pay up and initiate a position in MSFT. The company has executed brilliantly over the years and continues growing market share quarter after quarter.
Second purchase: I added to my position in Visa Inc (V) @ $190.00. I am slowly building this position as we move further towards a cashless society. This company continues to execute and plenty of growth runway ahead.

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

A quick update on a couple of recent buys in my portfolio.

First purchase: Last week, I added to my position in Franco Nevada Corp (FNV.TO) @ $181.00. The recent pullback provides what I believe is a decent place to add in a marketplace where everything else seems overpriced & overextended.
Second purchase: This was a swap of my shares in Brookfield Infrastructure Partners. After the recent split between the LP units (BIP/BIP.UN.to) and C-corp (BIPC/BIPC.to), it seems like there is much higher investor appetite for the C-corp shares — likely due to simpler tax filing system for the US investors & fund flows. I decided to sell my BIP.UN.TO shares and buy the BIPC.TO shares instead.
Third purchase: I added to my position in Adyen NV (ADDYF) @ $1,190.00. Continuing to build on this position that I recently initiated a couple of weeks ago. See original post on my reasoning for going long Adyen here.

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

Full Disclosure: Long FNV.TO, BIPC.TO. Our full list of holdings is available here.