Jun. 28 at 2:24 PM
Portfolio Update — June 28th
I did not sell anything this week.
My only moves were continuing my simple DCA into
$BN and making a much larger buy in
$UBER.
Uber is now around 5% of the portfolio. I had been researching it for a while and finally decided I was done waiting. The business continues to expand beyond rideshare through delivery, Uber One, advertising, and autonomous vehicle partnerships. Gross bookings grew 25% YoY last quarter, and the company is now producing real profits and cash flow.
I also continued adding to Brookfield.
$BN is not a position I am trying to build overnight. I like the exposure to infrastructure, power, data centers, insurance, and asset management, so I plan to keep slowly averaging in.
Brookfield generated
$1.6 billion in distributable earnings last quarter and continues to aggressively repurchase shares when management sees value.
My plan from here is simple: stay patient, avoid forcing trades
