MODEL PORTFOLIO

Portfolio Update: Closing positions in RBLX, PRKS and Brent

We close our positions in RBLX, PRKS and Brent. The Model Portfolio is now up 11.6% since inception on April 24th, compared to the S&P500 up 5.3% in the same period.

Johan Widmark

Jun 11, 2024 — 2 min read

We now close three of our open positions, for various reasons.

We close our Short in Roblox since we simply don't like the price action, as the share now is about to close the gap from the disappointing report.

As for the Short in United Parks and Resorts, we're seeing more and more news about stable travel demand for the summer season. The share is now down 6% since we initiated our Short position and while the chart suggests further downside from here, we feel that strong travel related news could present some unwelcome surprises over the summer season.

We also close our short term trade idea in Brent, now up 3.7% since the crash that followed upon last weekend's OPEC+ meeting.

All in all, portfolio is now up 11.6% since inception on April 24th, compared to the S&P500 up 5.3% in the same period. Cocoa and Reddit continues to be the strongest performers, while Bitcoin is obviously a bit disappointing.

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