Heavy Moat Investments

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Portfolio Updates

May 2025 Portfolio Update
3% in the month, less than indices, but still 14% alpha YTD.
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Heavy Moat Investments
April 2025 Portfolio Update
8% alpha to continue the 15% YTD outperformance
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Heavy Moat Investments
March 2025 Portfolio Update
A rocky end to Q1 and introducing a new partner
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Heavy Moat Investments
February 2025 Portfolio Update plus new valuation matrix
Great performance in February up 4.9%; 13.1% YTD
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Heavy Moat Investments
My Portfolio Valuation Matrix: Finding the Best Risk-Reward Plays
Let's figure out where I will reinvest the proceeds from my recent sale
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Heavy Moat Investments
I sold a core position
Let's explore several reasons outside of the fundamentals for my sale
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Heavy Moat Investments
January 2025 Portfolio Update
Great performance to start the year; up 7.8%
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Heavy Moat Investments
4
Portfolio Ranking Exercise #2
Ranking my 21 portfolio companies based on 13 different fundamental and non-fundamental criteria
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Heavy Moat Investments
New Buy: European small cap with 9-45% IRR range (25% average, 14% average excluding multiple expansion)
9x EBIT growing >10% with net cash balance sheet
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Heavy Moat Investments
December 2024 Portfolio Update
The end of my first year as an Independent writer on Substack
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Heavy Moat Investments
6
Reflecting on 2024 sales - how good were they? Part 2 of 2
7 full sales and two partial sales analyzed
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Heavy Moat Investments
Reflecting on 2024 sales - how good were they? Part 1 of 2
7 full sales and two partial sales analyzed
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Heavy Moat Investments
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