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Shopify Inc. Class A Subordinate Voting Shares (SHOP)
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Galaxy Digital Holdings Ltd. ordinary shares (GLXY)
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Topicus.com Inc. (TOI)
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Lumine Group Inc. (LMN)
These are my only holdings in tech at the moment.
I have a present LOSS of 3.76% on GLXY;
a GAIN OF 52.08% on Lumine;
a GAIN of 57% on SHOP,
and a GAIN of 19.99% on TOI.
Needless to say, I'm very happy with these returns, even if GLXY is wobbling at the moment.
Do you see this as a good time to add to all/any of these positions at this time, with a quick rationale.
I still have lots of room to add to my tech positions at this time, so if I'm not adding to these, would you recommend another "growthy" company or two.
Thanks to 5 I, I've killed my "Chicken Little" personality from long ago, and am quite comfortable riding out the vacillations of the marketplace. : )
We would be quite comfortable slowly adding to these names at these levels while acknowledging we could see further downside moves in the market in the intermediate term. For long-term growth, we think these names can perform well.
LMN has faced a 16% drawdown from its highs, forward growth estimates are good, and we feel management is of high-quality. SHOP is one of the larger names in the Canadian markets, it has a strong leadership team, good history of sales growth, and despite concerns of tariffs, we think SHOP has many levers still to pull for forward growth. TOI is similar to LMN, but it is experiencing some tailwinds through the European markets.
GLXY we continue to like, and its Helios data center presents a lot of growth opportunities, particularly in the AI space. If the broader markets go through a flat or slightly down year, the crypto markets could see downward pressure, which would be exacerbated to the downside for GLXY. Overall, we continue to feel GLXY is a high-quality name, but it could see more volatility than the other names listed.