I've just done the unitisation of Me and Mel's portfolio, and decided to share it along with a quick summary. Comments welcome. This is what we are currently holding, sorted by P/L:
The year started off on the very shortlived "Boris Bounce". Probably foolishly we attempted to make some hay from this idea, and entered new positions in Hollywood Bowl BOWL and Polypipe PLP. However as soon as January become February, to me the year seemed headed to be fairly tumultous, making our buys in January look less sane, so as it evolved we made many changes and took various "corrective" actions. This evolved initially, in February, selling out of all 5 of our commercial bond holdings, half of our Persimmon shares, since all these were still vaguely in credit then, and our ISA allowance severely down, and it looked as if some "buy in the dip" funds would be required.
As the pandemic and oil crash evolved, we gradually exited all of our positions in Shell RDSB, Lloyds LLOY, Advanced Medical Solutions AMS (never did much), Hollywood Bowl BOWL (a shortlived holding, purchased on the foolish "Boris Bounce" idea), AG Barr BAG (not sugarly enough or too sweet?), Trifast TRI (never did much), and finally out of another fairly shortlived one in the form of Compass Group CPG. We also sold off all of Renishaw RSW, since I believe it to be massively over priced (I'm probably wrong on that one, but hey..). We also topsliced Focusrite TUNE (the market seems currently in love...), and Games Workshop GAW.
We then attempted to top up anything remaining in the folio which was still paying divs (a moving target, at the time), and slowly changed the focus of the portfolio (well at least tried to) to something less correlated to the UK, less HYPish, more focused on growth, less on income, more globally exposured, and (slightly) more future looking. So the following additions to our holdings were made, this is in approximate order:
JPM China JCGI (exposure to Chinese Growth), Visa V (seem to keep growing + global reach), National Grid NG. (not very global but some US exposure, a big energy distributor), UC94 (An ETF tracking Swiss firms Nestle, Roche, Novartis), Polymetal internal POLY (Gold exposure), Ceres Power CWR (fuel cell firm, my gamble in the hydrogen economy), Johnson and Johnson (US + global healthcare brands, some pharma investments), Alphabet GOOG (Quality IT assets, and a hand in future tech bets, AI, QuantCompute etc), RoboGroup ETF ROBG (tracks various robotic and AI firms), Burberry BRBY (fashion firm with more global reach than Next NXT, and possibility of short term upside).
Also ran: my bets in work from home (Cisco CSCO), i.e. strong investment in networking infrastructure, is looking limp. Possibly more so currently due to weak dollar. Currently ruminating on this one. Also wondering whether to sell (possibly marginally in credit) our remaining Persimmon PSN shares, i.e. quit when ahead. They don't sit too well, with our changed global and forward looking outlook. Similar views on Polypipe PLP, but they may well "do a Marshalls PLC MSLH", and grow if the government throws some £££ at infrastructure.
The Santa/Brexit deal rally seems to have been kind of us, and we've escaped the year with a stonking
![Laughing :lol:](./images/smilies/icon_lol.gif)
![Image](https://i.imgur.com/f8Ttl0T.png)
Perhaps markets will fall slightly in Jan 2021 and bring new opportunities. Hopefully the new variant of covid will still be neutralised by the vaccine rollout, and next year will be better, but of course, who knows?
Matt