February 2025 was a challenging month for the Moat Mind portfolio, which posted a -5.6% return, significantly underperforming its benchmarks. While year-to-date performance remains flat (0.0%), short-term volatility has tested patience. In contrast, equal-weighted (RSP) and global (ACWI) indices fared better, each up 2.8% YTD, while the S&P 500 (SPY) has gained 1.4%.
Since inception, Moat Mind still holds a positive 1.6% return, though lagging behind SPY (6.4%), ACWI (4.9%), and RSP (3.7%). The recent downturn underscores the importance of long-term strategy, focusing on quality businesses with durable economic moats. While short-term fluctuations can be frustrating, true value emerges over time.
This month we increased our positions in X-FAB (XFAB.PA) (1), Crocs (CROX) (2) and GigaCloud Technology (GCT) (3). Below is the updated portfolio distribution by end of February 2025.
Disclaimer: The views expressed on Moat Mind are solely for informational and educational purposes and do not constitute financial or investment advice, nor an investment recommendation. The author is not acting as an investment adviser and does not provide personalized financial guidance. This content is not a comprehensive analysis of any security and is not a substitute for independent research—including review of SEC filings and consultation with a qualified financial professional. Although the information is based on sources believed to be reliable, its accuracy and completeness are not guaranteed, and opinions are subject to change without notice.
Disclosure: The author may hold positions in, or trade, the securities discussed without further notice. Example portfolio performance is not a promise of future returns, and past performance does not guarantee future results. You are solely responsible for your investment decisions, and Moat Mind disclaims any liability for losses incurred. Always consult a qualified financial advisor before making any investment decisions.
