我们在周五艰难的大盘环境下进行了两笔交易。我们退出了博通的持仓，以每股约326美元的价格卖出剩余的120股。吉姆·克莱默慈善信托基金将不再持有AVGO的仓位。我们以每股约251美元的价格卖出了85股CrowdStrike。信托基金将持有665股CRWD，使其在投资组合中的权重从4.8%降至4.25%。我们利用周五博通股价的小幅反弹卖出剩余持仓，在2023年和2024年买入的股票上锁定了约128%的平均收益。
We're making two trades in Friday's tough broader market. We're exiting our position in Broadcom , selling our remaining 120 shares at roughly $326 each. Jim Cramer's Charitable will no longer own a position in AVGO. We're selling 85 shares of CrowdStrike at roughly $251. The Trust will own 665 shares of CRWD, reducing its weighting in the portfolio to from 4.25% from 4.8%. We're taking advantage of Friday's small bounce in Broadcom shares to sell our remaining stake, capturing an average gain of roughly 128% on stock we purchased in 2023 and 2024.
我们周二已卖出部分股份，将仓位规模从1.36%缩减至1%。尽管如此，鉴于数据中心主题因资金担忧而举步维艰，吉姆希望采取更防守性的组合策略，减少持仓标的，直到我们看到预计最早于11月中旬进行的Anthropic首次公开募股（IPO）如何发展，以及对Meta Platforms未来股权融资有更清晰的认识。
We sold some shares on Tuesday to take the position size down to 1% from 1.36%. Still, with the data center theme struggling due to funding concerns, Jim wants to take a more defensive approach to the portfolio and hold fewer names until we see how the pending Anthropic IPO, expected as soon as mid-November, plays out and gain more clarity on Meta Platforms ' future equity raises.
“数据中心的崩塌要求我们圈地自守，”吉姆说。“我们不能持有过多我们已有的标的。我们可以像对待GEV那样精选，但不激进。所有边角料都应清理掉，就像博通一样。”他继续说道：“圈地自守意味着我们要在更优质的标的上加大仓位。”例如，他表示在当前价位卖出美光很难，宁愿在某个时点成为这家存储芯片制造商的买家。
"The collapse of the data center requires us to circle the wagons," Jim said. "We can't have too much of the ones we have. We can pick as we did with GEV but nothing aggressive. And all tag ends should go like Broadcom." He continued: "Circling means we want to be bigger in the better ones." For example, he expressed the difficulty of selling Micron at these levels and would rather be a buyer of the memory maker at some point.
我们可能是在博通从6月高点惨烈下跌后卖出；我们曾在480美元区间减仓获利了结，但在过去几个月里我们在更高价位逐步削减了该仓位。我们理解，在大幅回撤后卖出一只拥有强劲营收前景和合理估值的AI受益股，可能会引起挫败感。但这些卖出操作旨在保护我们的巨额获利，并限制我们对一个备受打压板块的敞口。
AVGO YTD mountain Broadcom YTD We may be selling Broadcom after a brutal decline from its June highs; we took a chunk off the top in the $480s, but we've cut this position over the past few months at higher prices. We understand there may be frustration around selling an AI beneficiary with a strong revenue outlook and reasonable valuation after a big drawdown. But these sales are about protecting our big gains and limiting our exposure to a group that has come under fire.
这种思维方式在 Arm Holdings（安谋控股）和 Corning（康宁）的操作中都行之有效：我们在 7 月初 Arm 股价 300 美元左右时清仓离场，上个月则在康宁股价 140 美元中段时卖出。CRWD YTD mountain CrowdStrike YTD 我们还将趁本周约 9% 的反弹，卖出部分 CrowdStrike（众击）股份。这一决定并不反映对这家网络安全公司基本面的任何负面看法，而是一种投资组合管理操作，旨在在股价大涨导致其权重一度升至投资组合顶部后，再次将仓位调整至适当规模。
This line of thinking served us well in Arm Holdings when we exited our position around $300 in early July, and in our Corning exit in the mid-$140s last month. CRWD YTD mountain CrowdStrike YTD We will also sell some CrowdStrike into this week's roughly 9% rebound. This decision doesn't reflect anything negative about the cybersecurity company's fundamentals. Rather, it's a portfolio management move to right-size the position (once again) following a big move that pushed its weighting toward the top of the portfolio.
通过这次卖出，我们将在 2024 年底买入的股票上实现约 187% 的收益。（吉姆·克莱默慈善信托持有 AVGO 多头头寸。）
From this sale, we will realize a gain of roughly 187% on stock purchased in late 2024. (Jim Cramer's Charitable Trust is long AVGO. )