Half-Year Portfolio Performance 2025

Summary

• My portfolio returned 9.3% YTD, underperforming European indices but beating the Dow and S&P 500 with a 236.96% total return since inception.
• I capitalized on April’s tariff-driven selloff, adding to Himax, Sixt, Petrobras, and initiating a position in Nordea Bank, while exiting Foot Locker at a loss.
• The portfolio is diversified across 27 stocks, heavily weighted in Europe, with top performers including Société Générale, Compagnie des Alpes, and Freenet.
• Himax, BMW, Volkswagen, Aercap, Gravity, and Compagnie des Alpes remain core holdings due to strong earnings growth and low P/E ratios, while Société Générale’s robust outlook signals continued upside potential.

Dragon Claws

1. Introduction

The portfolio returned 9.3% (Q1: +6.31%, Q2: +2.82%) since the start of the year, underperforming many European indices but outperforming the Dow Jones and the S&P 500. Since its inception, the portfolio has returned 236.96% (= 10.65% p.a.).

Analyst’s Disclosure:I/we have a beneficial long position in the shares of T, HIMX, AER, BAMXF, BP, BTI, CLPIF, DHLGY, EVVTY, FPRUF, FRTAF, GRVY, GLMCF, ITOCF, LYB, ONMBF, PBR, SNLRF, SSLLF, SIXGF, SCGLY, VALE, VLKPF, NRDBY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.