This is a quick note to let readers know we’ve added a new position to the Disciplined Growth Portfolio (it’s a business benefiting from two big secular trends: (1) The Great Cloud Migration and AI, and (2) Increasing Technology in the Automotive Industry). And we have also updated the Disciplined Growth Portfolio Tracker Sheet for July (there have been a few rebalances).
To Summarize:
Monolithic Power Systems (MPWR): We initiated a new position in Monolithic Power Systems. You can read our report on this company here.
Google (GOOGL): We slightly increased our position in Google. It’s now our largest position, and we believe the one Mega Cap that has significantly more upside with less volatility risk.
Paylocity (PCTY): We slightly increased our position in Paylocity. It is too undervalued, and we believe these shares can (and should) go much higher in the quarters ahead. You can read our previous Paylocity reports here.
Pure Storage (PSTG): This business should have continued strong momentum from the digital cloud migration and AI specifically. Read our previous reports here.
You can access the updated Disciplined Growth Portfolio tracker sheet using this button: