🥂 Portfolio Update 2025
An update on Our Portfolio
Hi Friend,
I hope you celebrated the start of the year well with you and your loved ones.
May all your wishes come true.
To start the year right, let’s give you an update about every position in Our Portfolio.
Many of you have asked about this, so I’m considering launching an investment fund based on the principles I’ve shared with you over the years.
To gauge interest and understand potential investments from my readers and followers, I’ve created a short survey.
Might you be interested? Fill in this survey to be kept up to date.Our Portfolio
Since inception in October 2023, Our Portfolio returned +47.4% versus +37.2% for the S&P 500.
An outperformance of +10.2% in 15 months.
The screenshot above is the official track record from Interactive Brokers.
I use Interactive Brokers for every transaction. You can explore Interactive Brokers here.
Currently, we are invested in 15 High-Quality Stocks we truly believe in:
The majority of our Portfolio is invested in Owner-Operator Stocks:
Owner-Operator Stocks: 66.3% of Portfolio
Cannibal stocks: 19.6% of Portfolio
Monopolies/Oligopolies: 14.1% of Portfolio
Now let’s dive into a review of the companies we own.
How did they perform recently and is the investment case still intact?
Kelly Partners Group
Kelly Partners Group is a serial acquirer providing services like bookkeeping, tax planning, and advice on how to grow a business or handle money wisely.
Weight in Portfolio: 11.2%
Performance (%): +145.0%
Update investment case
Kelly Partners Group is the best-performing stock in Our Portfolio. The stock is up 145% since we first bought it in November 2023.
The company is executing well on its expansion to the United States and the fragmented industry provides them with plenty of acquisition targets.
Current valuation level
Forward PE: 45.2x (lower than its 5-year average? < 25.9x? ❌)
Earnings Growth Model: 10.1% (Yearly return? > 10%? ✅)
Under/Overvaluation according to our EGM: Undervalued by 2.5%
Reverse DCF - Required FCF Growth for a 10% yearly return: /
Expectations intrinsic value
Expected growth intrinsic value 2025: 21.8%
Expected growth intrinsic value in the long term: > 15% per year
Entire update
The entire analysis with an update of every company we own is only for Partners of Compounding Quality.
Interest to join? Become a Partner here:
As a Partner of Compounding Quality you get:
📈 My Personal Compounding Quality Portfolio full of quality stocks
✍️ Three articles per week (Tuesdays, Thursdays & Sundays
📚 Full access to our entire library of data-driven articles
🔎 Full investment cases about exciting companies
📊 Access to the Private Community
🎥 Private Zoom meetings with the CEOs of the companies we own
Everything in life Compounds
Pieter (Compounding Quality)
Book
Order your copy of The Art of Quality Investing here
Used sources
Interactive Brokers: Portfolio data and executing all transactions
Finchat: Financial data