Portfolio Update

January 2025 portfolio update and performance review.

Happy new year folks. As we enter 2025, my goal is to focus more of my time and energy writing and being more active on Substack. That being said, I just want to quickly let you all know that going forward, my “portfolio updates” that I’ve typically posted on Twitter/X will only be posted and available here on Substack.

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January 2025 Portfolio update

2025 has finally arrived and while I haven't made any significant changes to the portfolio yet, I wanted to provide a brief update on my holdings and outlook.

Performance Review

2024 was a mixed bag for the portfolio. While some holdings delivered strong returns, others faced headwinds. Standout performers included Sea Limited (SE), with an impressive 85% gain, and Amazon (AMZN), up >20%. Tencent (TCEH.Y) Brookfield (BN) and Adyen (ADYE.Y) also delivered solid double-digit returns.

On the flip side, IAC, Burford Capital (BUR) and Boston Omaha (BOC) underperformed quite significantly.

Overall, the portfolio delivered a modest positive return for the year, roughly in line with the broader market.

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Portfolio Strategy & Outlook

My investment philosophy remains focused on identifying undervalued companies with strong fundamentals and long-term growth potential. I favor businesses with durable competitive advantages, capable management teams, and shareholder-friendly policies.

Looking ahead, I remain optimistic about the long-term prospects of my holdings. I believe most of the companies in the portfolio are well-positioned to navigate the current market environment and deliver strong returns over time. I will continue to monitor my investments closely and make adjustments as needed to ensure the portfolio remains aligned with my investment goals and risk tolerance. I am always on the lookout for new opportunities to deploy capital in high-quality businesses.

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Thank you all for reading. If you haven’t already, consider subscribing. I wish you all the best and a happy new year!