I’m making two housekeeping moves in the portfolio:
1) Fully exiting GCT.
I’ve sold the remaining stake in GigaCloud Technology (GCT) at today’s close. The position has served its purpose, but the risk/reward skew has drifted from where I’m comfortable. Rather than let a small residual position linger, I’m closing it out to redeploy into higher-conviction ideas.
2) Increasing Edenred by 100%.
I’m doubling the position in Edenred—bringing it to 5.4% of the portfolio at the current closing price—effective today. This reflects higher conviction in the company’s long runway in employee benefits and B2B payments, its resilient cash generation, and a business model that tends to compound steadily through cycles.
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.
