$CrowdStrike Holdings, Inc.(CRWD)$
CRWD is exploding on the news that it will be added to the S&P500 index on 24th June.
CRWD is among the highest-quality names, and I have owned it since 2020, but I have decided to trim the position.
The reasons are:
+ It was by far my largest position.
+ I am uncomfortable adding to the stock at the current valuation of less than 1.5% FCF yield
+ I see better risk-reward stocks in my investable universe.
One of which is SE $Sea Ltd(SE)$ . A deep dive into the business is coming this week.
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