Please let me know what you think of this portfolio any critique or advice would be helpful
TSM 15% - The only manufacturer of the world's most advanced chips. Every AI accelerator on the planet runs through TSMC's fabs and no competitor is within a decade of catching up.
LLY 12% - Owns the defining drug franchise of this generation with tirzepatide and orforglipron targeting obesity and diabetes at scale. Yes, overpriced but price falling to low 900 makes it attractive will wait and see if it pulls back more to load up some more. Current entry is avg 850
NOW 11% The operating system for how large companies manage work internally. Once embedded it never leaves, they are claiming to embed AI in their workflow which should potentially widen the moat
trading at its cheapest valuation in years after a 46% drawdown.
CSU 11% - 25 years of acquiring small niche software businesses whose customers never churn, with thousands of targets remaining globally and a proven capital allocation system.
AVGO 8% Builds the custom AI chips that Google, Meta and Apple depend on, with customers locked in by years of co-development. VMware adds a large recurring software business on top.
CPRT 7% Owns 16,000 acres of salvage yards that cannot be replicated or permitted today, making the moat permanent. Very low debt, and EVs are structurally increasing their volume.
SPGI 7% Credit ratings written into bond contracts that cannot be swapped without rewriting the legal documents. The index licensing business compounds quietly alongside global AUM growth.
DHR 5% Equipment and consumables for biologic drug manufacturing that pharma companies cannot switch without years of regulatory revalidation. Bioprocessing recovery confirmed.
CDNS 5% Every chip designed on earth requires Cadence or Synopsys software,. A permanent duopoly with high gross margins that gets more essential as chips grow more complex.
ZS 4% Built zero trust security from scratch when the office firewall stopped making sense. Majority of companies use them, main reasons for me is that with increase of AI we will see more bad actors + remote working is not going anywhere and this plays a big role in allowing security for it
RBRK 4%
The last line of defense when a cyberattack succeeds and data needs to be recovered. Also provides visibility into internal access, which matters as much as external threats. This is a Satellite position watching it grow as it becomes more provable in their profits
MRVL 3% - #2 player next to Broadcom in networks and switches but my main thesis with this is their photonics bet with their latest acquisition of celestial AI in believe this is not priced in yet. Very low position waiting to see if they can actually execute then will likely load up more