PROSF News and Press, Prosus NV - Class N From 02/12/23

Summary Sequoia Fund's investment objective is long-term growth of capital. In pursuing this objective, it focuses on investing in equity securities that the advisor believes are undervalued at the time of purchase and have the potential for growth. Sequoia Fund returned -30.52%1 in 202...

Summary This month I had 3 transactions. New forward dividends are approximately $1,225. Next month I will look into Ahold, CTPNV, Prosus and CBOE Global. The first month of the year is already done and what a month it has been in terms of stock returns. The S&P500 ( ...

Summary SaltLight Capital Management started in 2015 and has grown tremendously, with assets under management doubling each year. Our investment process is continuously evolving. In this second completed year of our flagship fund, the purpose of these letters is to inform our co-investo...

Summary After years of zero-Covid, China is finally reopening. Tencent is allowed to license new games again, and the Tech crackdown is mostly over. Tencent is distributing its stake in Meituan as a special dividend. Prosus will continue to use its discount to NAV to create valu...

Summary A weaker inflationary impulse combined with the rapid reversal of China’s Zero-Covid policy set up a favorable environment for the outperformance of emerging markets stocks. The great reset in growth company valuations bodes particularly well for global growth investors. ...

Summary I managed to outperform the S&P 500 this year by a small margin. Dividends were up over 50%. In the new year, I hope to reach a forward dividend of $1,200. In January, I will look at the following stocks: BAM, MSFT, VONOY, and LHX. For further d...

Summary Harris Associates’ 13F portfolio value decreased from $62.85B to $59.68B this quarter. They added Warner Bros. Discovery and increased Salesforce, KKR, and Oracle while decreasing Keurig Dr Pepper and Humana. The top three positions are Alphabet, Fiserv, and Amazon.co...

Summary This month I had 6 transactions. New forward dividend is approximately $1,165. Next month I will look into Fresenius, CBOE Global, Armada Hoffler, and Brookfield Asset Management. The end of the year is approaching and it hasn't been a pretty one for stock investor...

Summary This month I had 6 transactions. New forward dividend is approximately $1.134. Next month I am looking to add capital to the IGaming sector, CVS Health, and/or Brookfield Asset Management. I am also looking to consolidate one of my smaller positions. Octo...

Summary Perhaps one of the smartest stagflation or hyperinflation hedge ideas I can find is also the leading e-commerce retailer for profit margins. While Wall Street is not excited about its low-growth immediate future, long-term investors will love an insanely low valuation and ...