My Top 10 Holdings For September 2018

This is the fifth month of this little project I am building out. Here are some details of the top 10 holdings in my portfolio (by market value). This is not an investment recommendation…

As I’ve discussed, when on the Millionaires Unveiled Podcast I did last October, I have a large chunk of my net worth tied up in a concentrated number of holdings (you listened to it right). More specifically, my top 10 holdings makes up 45.29% of my net worth.

One question I was asked is “does it concern me to have so much equity tied up in a few positions?” My response was something to the effect of no, I feel I am diversified enough in my holdings that I don’t see a need to own hundreds of stocks like a mutual fund or ETF would hold.

The markets are a random walk. There have literally been test where monkeys throw darts at ticker symbols in a newspaper and can outperform an actual stockbroker.

Lets take a look at the top 10. You’ll see a few common themes. For the most part, there are no surprise holdings. Companies like MO, XOM, KO, JNJ are your basic holdings common in many large cap funds. While PM and CLX are pretty much also household names. These holdings provide stable and consistently growing dividend income for me to live off.

Some of my more “oddball” holdings that you’re probably scratching your head are WWE, CME, MPC and TTWO. These holdings didn’t ever initially start out as my largest holdings, they just kind of grew like crazy to get too that point. And ironically, these are some of my highest performers in my portfolio, and while not necessarily dividend growth investments (excluding MPC and CME), have provided crazy capital appreciation. WWE has continued it’s amazing run, growing over 10%+ for yet another month and increasingly becoming my largest holding.

When looking at the sectors, the top 10 holdings are spread across consumer staples, consumer discretionary, energy, financials, and industrials. There is a lack of tech in my top 10, but some of those holdings are just outside the top 10 (MSFT at #12).

For the month DE dropped off my top 10 list, but this was only because I added 50 shares of PM when the price dropped below 78.

While I am not an active trader, or a passive index investor, my portfolio ties closely to benchmarks like the S&P500, but the differences from some of the more oddball holdings gives an opportunity for outperforming the benchmark. Sometimes it works for me, sometimes against. This month it definitely I helped a bit when looking at my entire portfolio.

Since beginning this project 5 months ago, I’m noticing my top 10 holdings are accounting for well over half of my gains (in September, the top 10 accounted for about 2/3rds of my gains). Throughout the years, I have been working on cleaning up my portfolio and either eliminating or growing my smaller positions (to make them worthwhile). I currently sit on 55 individual stocks and 1 ETF (SPY). Had my entire portfolio sat in just these 10 positions, I would have outperformed the markets easily the last 4 months. This is making me consider further reductions in my holdings and simplifying things further.

So what do you think. Was this what you expected to see from a million dollar portfolio? Would having that high of a concentration of a portfolio in a small number of holdings concern you? What other content would you like to see added to the spreadsheet?

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