Ideas May 26, 2023

Portfolio breakeven — May 26, 2023

Good evening! No new contributions, but today the portfolio's total P&L hit zero for the first time since late 2021. US tech rallied — particularly NVIDIA after a strong report and bullish guidance. The major US indices, including Nasdaq, are up; my favourite TQQQ is +44% in USD as I write, and after FX (rouble weakness) the position is up over 1 million RUB, fully offsetting the losses on the China names.

Portfolio NAV at the time of writing: 3.75M RUB.

TCS Group reported solid numbers — I haven't dug into details yet; the most important thing will be how they close the full year. Yandex is also slowly recovering. I won't be adding to either Tinkoff or Yandex, nor opening any new Russian positions; existing ones I'll keep. Their share will keep shrinking organically as TQQQ rallies and I keep adding to it.

Portfolio:

  1. TQQQ — 70.07%
  2. TCS Group — 11.25%
  3. Zynex — 4.94%
  4. Redsun — 2.89%
  5. Yandex — 2.22%
  6. KWG — 1.23%
  7. Baidu — 1.07%
  8. Baozun — 0.88%
  9. Times — 0.85%