November 2025 Portfolio Update: Arista & Constellation Out, Lam Research In
NOVEMBER 2025 FactsheetOUT: $Arista Networks(ANET)$ and $Constellation Software, Inc.(CNSWY)$ IN: $Lam Research(LRCX)$ The portfolio is optimised for return on capital, growth rate and pricing power. Cash Return on Capital = 40% 5yr FCF/share CAGR = 27%Only 3 of the 13 positions have been held for <12 months.We exited our positions in Arista Networks and Constellation Software, and began a new position in Lam Research, The top contributors to performancewere $Fair Isaac(FICO)$ and $Applied Materials(AMAT)$ . The top detractors from performancewere
$Applied Materials(AMAT)$ The market manipulators are in BIG TIME to skin the DUMB MONEY and RETAIL INVESTORS alive! They need their BIG FAT OILY BONUS to show for their shitty 2025 performance so far. 🤣
Q3 13F Tech Roundup: Are Hedge Funds Exiting Tech?
13F filings were reported this week, and they tell exactly where institutional flows are headed. Spoiler alert: smart money flows differently. @LumidaWealthKey Themes1. The "Great Tech Rotation"Berkshire Hathaway made a historic shift, trimming $Apple(AAPL)$ by ~25% while initiating a new $2B+ position in $Alphabet(GOOGL)$ Tiger Global rebalanced its high-conviction tech bets, adding $Netflix(NFLX)$ and $MongoDB Inc.(MDB)$ while cutting $Meta Platforms, Inc.(META)$ Appaloosa rotated from mature tech ( $Intel(INTC)$ ,
Applied Materials, Inc. is a materials engineering solution company. The Company provides equipment, services and software to the semiconductor, display, and related industries. It operates in three segments: Semiconductor Systems, Applied Global Services (AGS), and Display. The Semiconductor systems segment designs, develops, manufactures and sells a range of primarily 300 mm equipment used to fabricate semiconductor chips, also referred to as integrated circuits (ICs). The AGS segment provides services, spares and factory automation software to customer fabrication plants globally. The AGS segment also manufactures and sells 200mm and other equipment. The Display segment is comprised primarily of products for manufacturing liquid crystal displays (LCDs), organic light-emitting diodes (OLEDs), and other display technologies for televisions, monitors, laptops, personal computers (PCs), tablets, smartphones, and other consumer-oriented devices.
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Annual Report
Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405]