I. Snapshot
My Implied Share Price: $34.43
My Current Holdings
| Symbol | Price | Weight |
| Cash | 1.00 | 25.12% |
| PETS | 1.98 | 12.59% |
| AII | 19.27 | 8.11% |
| IIPR | 63.36 | 2.84% |
| WEYS | 39.49 | 2.83% |
| ZM | 87.15 | 2.57% |
| PINS | 22.07 | 2.07% |
| MED | 10.96 | 2.07% |
| UPWK | 9.16 | 1.99% |
| EXE | 90.72 | 1.95% |
| USNA | 21.51 | 1.91% |
| BBBY | 5.83 | 1.85% |
| FVRR | 10.81 | 1.84% |
| MKL | 1979.65 | 1.77% |
| GRAB | 3.90 | 1.34% |
| LEN | 88.21 | 1.34% |
| NVO | 50.43 | 1.31% |
| MAT | 13.34 | 1.29% |
| CNC | 67.86 | 1.28% |
| LULU | 118.43 | 1.27% |
| JOYY | 67.26 | 1.26% |
| MOH | 229.87 | 1.23% |
| TAYD | 57.05 | 1.23% |
| Stock Options | 1.00 | 1.07% |
| WMK | 80.10 | 1.00% |
| JBSS | 90.60 | 0.89% |
| LNC | 37.00 | 0.79% |
| RAVE | 3.41 | 0.78% |
| LYFT | 15.37 | 0.76% |
| VZ | 42.56 | 0.72% |
| CHCI | 16.09 | 0.72% |
| DRH | 12.08 | 0.71% |
| FLR | 49.45 | 0.71% |
| TGT | 130.21 | 0.70% |
| VHI | 14.40 | 0.68% |
| MOV | 37.61 | 0.67% |
| CROX | 125.28 | 0.67% |
| BG | 106.46 | 0.67% |
| UBER | 74.43 | 0.67% |
| SBUX | 104.27 | 0.65% |
| PYPL | 45.47 | 0.65% |
| INTC | 120.35 | 0.65% |
| UFPI | 89.19 | 0.64% |
| LYB | 53.36 | 0.62% |
| ACN | 137.35 | 0.61% |
| YALA | 5.48 | 0.61% |
| SITC | 4.49 | 0.60% |
| VTSI | 3.11 | 0.54% |
| REI | 1.07 | 0.47% |
| UNFI | 45.57 | 0.24% |
| DOLE | 14.02 | 0.23% |
| PZZA | 35.82 | 0.19% |
Updated: 7/2/26
II. Situation
I’ve remained pretty steady with my holdings lately, with mostly small adjustments and a couple of larger rebalanced positions. Small adjustments were made to the following, just to align them more with my initial targeted allocations: Added to UPWK, MAT, and EXE. Reduced LULU, INTC, CROX, SBUX, JBSS, TAYD, MOH, CNC, and USNA.
For larger allocation changes, I greatly reduced PETS, IIPR, SITC, and AII. These were done in an effort to rebalance, in preparation of tax loss harvesting, and to raise more cash. I now have an abundance of cash and I’m headed to an overabundance. I’m happy with AII but I thought having cash would be more valuable. Lastly, I’ll note that my timing was off with PETS and SITC because PETS spiked in price after a revised offer from SilverCape, however, I did not sell until the price came down, unfortunately. And, for SITC, I sold considering I was projecting profits as if it were going to be an ongoing company, however, the REIT made clear it will be trying to sell most of its assets. With that, I sold at the bottom as the price continued to drop. Right after I greatly trimmed, the stock price jumped up, which would have cut half of my losses in it, had I continued to hold my initial allocation.
With all the mistakes, overall my holding company is doing well. It is close to an all-time high in my Implied Share Price and I have almost an overabundance of cash. I have continued to outperform the broad market indexes. So, overall I have to be pleased with my results.
At the last minute, I decided to add Zoom (ZM) as a position. It was a late addition, just before the market closed. But, I saw it was loaded with cash, and ready for growth. I also liked that it invested in AI and a popular platform.
III. Segment Highlight
I slightly revised the way I view segments of ILAO. I decided to split segments into two broad categories: Sector Segments and Strategic Management Segments. Sector segments include: Consumer, Manufacturing, Experiential, Financial Services and Insurance, Real Estate, Transportation and Communications, Technology, Healthcare, Fashion and Apparel, and Foundational Industries. Strategic Management segments include: Special Situations, Narrative Inflection Portfolio, and Other Long-Term Holdings.
IV. School
I spent a lot of time lately determining what my edge is. I’ve determined that I’m not just the CEO of ILAO, I’m also the Chief Allocation Officer and the Chief Business Analyst of ILAO. With that in mind, valuations and allocations became my edge. The biggest power I have, as a small investor, is my Power of Allocation Agility. I can quickly change my allocations in individual positions and the entire holding company fairly quickly. This is in contrast to any power of a larger firm.
I’ve also concluded that daily my job is not to consume media. Rather I should only quickly check the market daily. Most of my job needs to revolve around the positions I own and working to Analyze them, keep up with updates and reports about my businesses. Lastly, after that is done, then I can consider other opportunities, which would consist of analyzing businesses I do not have current exposure to.