Small Cap Portfolio: 1 New Buy - March 12, 2024

Continuing to build the Small Cap Portfolio

I started my small-cap portfolio in February. I am still building the first positions. Before today’s buy, the portfolio had 2 positions. As a reminder, the first stock bought was sold following a takeover bid for the company (it was Altium, an Australian software company).

My portfolio update is just here for the visibility on the whole portfolio.

My small cap investment method

I won’t buy small cap stocks the same way I buy big caps. They are more volatile, unpredictable and less followed by analysts and investors.

Therefore, I will follow these rules:

• My positions will be very small. This will allow me to

  • Limit the risk for each stock

  • Easily reinforce if the stock price falls - and my investment thesis remains the same

  • To get my foot in the door and then reinforce or exit

• I won’t focus too much on the price even if, of course, I don’t want to unreasonably overpay

• Of course, I continue to keep my investment philosophy: great quality companies that will be able to thrive over the long term.

And now, it is time to discover the company and why I bought it.