Portfolio Update #8: Sizing Up Our Greggs Position 📊
Plus: Portfolio Performance and Current Holdings Review
We've capitalised on price weakness to increase our position in a UK retail leader that Mr. Market continues to misunderstand. But first, let's look at our portfolio's performance and remind ourselves why we share these updates...
Performance
The portfolio has begun 2025 with a 7.3% gain. While we provide these bi-weekly updates to maintain transparency and keep you informed of our investment activities, they should not be viewed as an invitation to focus on short-term results. Our experience has shown that the most successful investors are those who maintain a long-term perspective and resist making decisions based on temporary market movements.
These updates serve as a communication tool, not a scorecard. We share them to help you understand our thinking and decision-making process, but the true measure of our success will be determined over years, not weeks or months.
Overall our annualised TWR now sits at 30.21%.
