Tuesday, June 27, 2017

Allocation update mid 2017

Time for mid-year portfolio update.

Currently our portfolio is allocated as follows:

  Stocks 98,5%
  Gold 1,4%
  Cash 0,1%

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


Geographical Allocation (stocks):

  Europe 63,3%
  North America 26,6%
  Emerging markets 10,1%

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


Sector Allocation (stocks) - in order of weight in portfolio:

  Technology – Other
  Financial
  Technology – Semiconductor
  Healthcare
  Clean Energy
  Basic Materials & related services
  Broad Emerging Market ETFs
  Industrial Goods


Top 5 positions - in order of weight in portfolio:

  Siili Solutions (Finland)
  Nokia (Finland)
  Fortum (Finland)
  UPM (Finland)
  Berkshire Hathaway (USA)


18,8% of all stock positions are done via ETFs.
None of those positions made it to top 5 though.