There have been a mix signals in the summer of 2017 with North Korea threats, sell-off in US stocks, EU stock rise and fall, UK economy losing ground and Japan stocks gaining momentum. Since July 2017, Virgin portfolio have gain about 5% overall, which is gaining the tech losses from early summer.
Please read the origin of the Virgin Fund Portfolio here
Virgin Fund portfolio is still beating the FTSE 100 and S&P 500 by almost 10%. Dow Jones is catching up to less than 5%.
The activities in the last three months are.
-NetFlix Sell off at $169 – Profit of almost 100%
-Purchase of IQE PLC at 140GBX.
Selling Netflix was a difficult position. I needed to retain some cash for a potential correction in the late 2017 market. With news like Disney pulling out of Netflix made me realised the vulnerability of Netflix.
IQE PLC is a British laser and semi conductor specialist which is a few good company with plenty of patents generating good practical approach for mobile phone industry. With Apple going down the Augmented Reality route, I am taking a good risk with IQE who owns of of the best semi conductor laser which could help with AR.
The Top 3 Gain Holdings are:-
- Apple [US] – 107%
- Microsoft [US] – 66%
- Tencents [HK]- 40%
The Last 3 Loss Holdings
- Paddy Power Betfair[ UK] – 17%
- Amec [UK] – 15%
- Premier Oil [UK] – 15%
UK and O&G shares are dragging down the portfolio.With Oil hovering between $47-$52, it is not showing any sign of recovering. Paddy Power Betfair have also dropped from 8500 to 6500GBX.
Future & Final Thoughts; the only way for further growth to push away from the competition would be purchase from market correction.