Trimming One Position, Buying More of Two Serial Acquirers

Some prudent portfolio management as we see accelerating fundamental momentum

Later today, we’ll be trimming one of our larger positions and reallocate the funds to two serial acquirers offering a high-teens percent CAGR.

We don’t want to overtrade in the portfolio but if there’s been a meaningful rerating for a slower-growing business, we might want to re-consider our stance – most likely very gradually instead of making a big move in a day.