My Portfolio Allocation: Recent Changes and Reasoning
👋 CMQ Investors,
I last shared my stock portfolio allocation on April 12. The reason I haven’t updated you until now is simple: nothing has changed. (And that’s a good thing.)
Many of you have told me you value these updates. Moving forward, I will share the snapshot of my portfolio on the first of every month. My investment strategy reflects the wisdom that I’ve acquired over the years from Charlie Munger, Warren Buffett, Jack Bogle, and other legendary investors.
📊 My Stock Portfolio Allocation
This pie chart reflects my stock portfolio as of market close on July 1, 2025.
📈 What Changed Since Last Update
TKO: Grew from 7% → 8% since April due to price appreciation. ($144 —> $176) +22%
Nvidia: Grew from 5% → 6% for the same reason as TKO. It was ~$110 on April 12th. Today, it’s $158. (+43%)
Purchased more VTSAX (I invest automatically every week).
I added to my positions in ServiceNow and Amazon to lower my cost basis.
No sales made.
No new stocks added.
🎯 Strategy & Tactics I'm Applying
This is the most important part. CMQ stands for Compound Money Quietly, so that’s the key to my strategy. What enhances my returns is low costs and low turnover. That, combined with owning concentrated positions in great businesses that I am comfortable holding through ups and downs.
Long-term compounding.
Low costs (VOO and VTSAX have the lowest expense ratios).
Low turnover.
Own high-quality businesses I understand and can hold through volatility.
Don’t overpay for anything.
🔧 What I'm Optimizing
VOO and VTSAX have an 88% overlap (by weight). There’s some concentration risk given that I own individual shares of some of the biggest names in both VOO and VTSAX.
If I find a great individual stock to purchase and/or want to add to an existing position, I may sell some VOO in my retirement account and use the proceeds for that. Remember, you don’t interrupt compounding by taking profits in a retirement account since there’s no capital gains taxes required.
I recently made sure all of my holdings were reinvesting the dividends. Most were already. Those reinvested dividends can add up over time.