Portfolio updated (Premium)

Today we sold a speculative position and added to this core holding instead. This is the second purchase in this core holding, and thus far it has been a good run as we are up about 30%. The share price appreciation is thanks to the strong growth and inflection in profitability the company is currently experiencing, which we expect will continue.

The share price has shown some weakness over the past month. We belive this is due to news that a key player in the ecosystem introduced a feature that might affect the portfolio holdings business long-term. Our view is that the fear is unjustified, and we see this as an opportunity to increase our position. See our reasoning outlined below.

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