I. Snapshot
My Share Price: $32.06
| Symbol | Price | Weight |
| Cash | 1.00 | 26.13% |
| IIPR | 51 | 9.04% |
| GTEC | 0.69 | 8.25% |
| PETS | 2.30 | 8.15% |
| WEYS | 34.63 | 2.59% |
| PINS | 17.62 | 2.59% |
| WMK | 71.99 | 2.12% |
| MED | 10.06 | 2.11% |
| BBBY | 4.69 | 2.09% |
| USNA | 18.11 | 2.05% |
| UFPI | 95.49 | 1.87% |
| AII | 18.24 | 1.79% |
| MKL | 1924.82 | 1.72% |
| MOH | 145.88 | 1.56% |
| VTSI | 4.21 | 1.50% |
| LEN | 88.97 | 1.43% |
| JAKK | 21.82 | 1.40% |
| CNC | 37.30 | 1.40% |
| SBUX | 96.60 | 1.38% |
| REI | 1.35 | 1.35% |
| MOV | 26.74 | 1.29% |
| INTC | 62.38 | 1.22% |
| BG | 123.92 | 1.10% |
| DRH | 10.18 | 0.98% |
| NVO | 37.52 | 0.97% |
| FVRR | 10.31 | 0.96% |
| JBSS | 82.48 | 0.96% |
| LYB | 73.72 | 0.85% |
| VZ | 46.04 | 0.78% |
| SG | 6.16 | 0.77% |
| YALA | 6.59 | 0.73% |
| LNC | 34.20 | 0.73% |
| VHI | 14.10 | 0.67% |
| TGT | 121.89 | 0.65% |
| LYFT | 13.23 | 0.65% |
| PYPL | 45.24 | 0.64% |
| UBER | 70.48 | 0.63% |
| CROX | 99.76 | 0.62% |
| CHCI | 18.37 | 0.62% |
| GRAB | 3.68 | 0.61% |
| FLR | 49.21 | 0.53% |
| Stock Options | 1.00 | 0.45% |
| DOLE | 15.69 | 0.42% |
| UNFI | 46.26 | 0.37% |
| ACN | 179.53 | 0.32% |
| LULU | 163.86 | 0.29% |
| WU | 8.88 | 0.25% |
| BWEN | 2.12 | 0.24% |
| PZZA | 35.63 | 0.19% |
Updated: 4/11/2026
II. Situation
Business has been steady this quarter. Mentally, I feel better since the tariff situation is a little better. On the other hand, war and raising gas prices is making me very cautious. But, I’m still continuing to maintain 75% exposure to the market and I’m looking for good opportunities with securities quotes so low.
In March I added to my Greenland Technologies (GTEC) exposure. It’s a good profitable company. It’s an American Company operating in China but seems to have good leadership and an edge in the transmission and electric battery industry for forklifts. It has continued to fall in price, which seems unjustified to me. It is in the process of raising money but I find the market’s quote to be extremely low based on my valuation.
PetMeds Express (PETS) has continued to drop in price and I’ve systematically added to keep my exposure at or above 8%. I intend to continue doing this as the company has some turnaround potential and has a quote much lower than I believe is justified, even considering the risks.
Earlier this month, I added more Bed, Bath, and Beyond (BBBY). This is a bit of speculation or educated speculation, which is why the position is in my Narrative Inflection segment. They appear to be making all great moves. First, this used to be called Overstock which was a good business itself. It has continued to run the business well and buy other companies and rights. Now it owns Bed, Bath, and Beyond and buybuybaby.com, which is huge. Then when I saw it recently added the Container Store, I can sense where this is going.
The CEO is smart because now there is a physical footprint, with the Container Store. They can bring back these great names consumers already know well, like Bed, Bath, and Beyond, and BuyBuyBaby. Plus, when you think about the expertise Overstock has with e-commerce, this company can quickly become a force. I am maximizing this position.
Great Lakes Dock & Dredge (GLDD) merged with another company and was taken off the market. All of its assets were turned into cash for my company.
Lastly, I wanted to raise more cash. Cash reserves in my company started getting low, it was approaching 17%, so I reduced some exposure to the below companies, even though I had only recently increased my position in a couple. I did that after they quickly gained over the last month, so my intent was to “harvest volatility” but keep ownership in the companies.
- Movado (MOV)
- Weyco Group (WEYS)
- Comstock Holdings (CHCI)
- Paypal (PYPL)
- LyondellBasell (LYB)
III. Segment Highlight
This quarter, I’m highlighting Segment 10, which is my Fashion and Apparel segment. It consists of Movado (MOV) and Weyco Group (WEYS).
As mentioned above, I recently rebalanced both of these positions in order to raise cash. Both companies are strong and their quotes recently rose. I consider these allocations and weighing to be good and standard.
IV. School
I’ve focused on understanding how my company grows. Essentially it grows in 4 ways, 1. Intrinsically, 2. By harvesting volatility and rebalancing, 3. With income dividends, and 4. With narrative growth (multiples and/or speculation). My goal is to add concentration and leverage in front of these growth levers to maximize my company’s growth.
To do this well I must make sure my valuations are updated and my allocations and weighting are monitored. I need to routinely review whether I would 1. Continue to give the same allocations and weighting on the day I review the company, 2. Monitor whether I need to build my cash reserves, and 3. Check if there any other companies, inside or outside of my company, that I would rather have the assets exposed to.
What I’m trying to do is add exposure to undervalued assets in my company while the overall market is contracting, then expand along with the overall market and grow. Later, my goal is contract my company and generate cash before the overall market contracts. Continuously repeat.