Sunday, January 12, 2014

Portfolio update: Allocations and Top 5 positions

Our portfolio is currently allocated as follows:

Stocks 96,8%
Gold 2,5%
Cash 0,7%

No bonds.
I simply substitute bonds with quality dividend payers in our portfolio.


Geographical Allocation (stocks):

Europe 57,7%
North America 29,5%
Emerging markets 12,7%

Actually, place of incorporation is pretty meaningless for most corporations we have invested in. Most operate and sell globally.


Sector Allocation (stocks):

Information Technology 34,1%
Other 30,6%
Health Care 11,4%
Communication Service Providers 9,5%
Low Emission Power Generation 6,5%
Oil & Gas Production 6,5%
Mining & Exploration 1,4%


Top 5 positions:


Company/ETF (sector) allocation%

Western Digital (IT) 9,0%
Nokia (IT) 8,6%
UPM (Other) 7,9%
Orion (Health Care) 7,4%
Vanguard MSCI Emerging Markets ETF (Other) 6,7%


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