Contents
This FFJ Portfolio - June 2025 report is a high-level recap of my activity during the month.
Looking at the Financial Industry Regulatory Authority, Inc. (FINRA) monthly margin statistics, we see a return in investors' willingness to borrow for investment purposes (Debit Balances in Customers' Securities Margin Accounts).
Despite the return of irrational exuberance, I identified the following investment opportunities thus permitting me to deploy some of my liquidity.
Recent Activity
Purchases
Howard Hughes Corporation (HHH)
In my Why I Added Howard Hughes Holdings (HHH) To The FFJ Portfolio post, I disclose the purchase of 500 shares @ $68.074 on June 3, 2025 in one of the 'Core' accounts. Upon further reflection, I acquired another 500 shares on June 5 @ $67.7237 bringing my total HHH exposure to 1000 shares. I disclose this additional purchase in my Increase Howard Hughes Holdings Exposure post.
Accenture plc (ACN)
On June 20, I acquired 200 shares @ ~$284.58 in one of the 'Core' accounts and disclosed this purchase in my Why I Added Accenture To The FFJ Portfolio post. A couple of young investors I am helping on their journey to financial freedom also both acquired ACN shares on June 20. For confidentiality reasons, I do not disclose details of their purchases.
Intuitive Surgical (ISRG)
In my June 10 Intuitive Surgical – Redefining The Future of Surgery with Innovation post, I disclose my June 9 purchase of an additional 50 shares @ $519.22. Excluding ISRG shares held by a young investor, my ISRG exposure now stands at 500 shares in one of the 'Core' accounts.
Copart (CPRT)
Copart's share price has fortunately experienced weakness of late. Nothing about the company, however, has fundamentally changed. In my June 18 Copart’s Valuation Improves post, I disclose the purchase of an additional 200 shares @ ~$48.12 in a 'Core' account on June 18. I now hold a total of 3200 shares in two different 'Core' accounts and a total of 940 shares in two different 'Side' accounts for a total of 4140 shares. The two young investors also hold CPRT shares.
Sales
None.
Spin-Off
On my June 30, 2025 FFJ Portfolio report I reflect an average cost for FTV which is well above the current share price. Ralliant Corporation (RAL), however, began trading as an independent, publicly traded company on the New York Stock Exchange on June 28, 2025 following its separation from Fortive Corporation (FTV). For each 300 shares of FTV I received 100 RAL shares.
I currently have no intention of increasing my RAL exposure and with so few RAL shares, my plan is to exit this position in July.
Dividend Income
Dividend metrics are of little relevance in my investment decision making process. My interest lies in an investment's TOTAL potential investment return. In many cases, the preferred means by which a company can allocate its capital is to:
- reinvest in the business
- repurchase shares
- merge or acquire
Nevertheless, I track dividend income and make this information accessible here.
I received dividend income from the following companies. Where possible the automatic reinvestment of dividend income permitted me to increase my exposure.
- Becton Dickinson (BDX)
- BlackRock (BLK)
- Chevron (CVX)
- Church & Dwight (CHD)
- Cintas (CTAS)
- CME Group (CME)
- Exxon Mobil (XOM)
- Fortive (FTV)
- Home Depot (HD)
- Intercontinental Exchange (ICE)
- Johnson & Johnson (JNJ)
- Lockheed Martin (LMT)
- Microsoft (MSFT)
- Moody's (MCO)
- Nasdaq (NDAQ)
- Otis Worldwide (OTIS)
- Paycom Software (PAYC)
- RTX Corp (RTX)
- Rollins (ROL)
- S&P Global (SPGI)
- Union Pacific (UNP)
- Visa (V)
- Brookfield Asset Management (BAM.to)
- Brookfield Corporation (BN.to)
- Canadian National Railway (CNR.to)
- Intact Financial (IFC.to)
I also received dividend income from the following companies where shares are held in retirement accounts for which I do not disclose details.
- Emerson Electric (EMR)
- McDonald's (MCD)
The June dividend income was:
- 'Core' accounts: ~$ 1,920 CDN and ~$ 10,825 USD
- 'Side' accounts: ~$ 365 CDN and ~$ 1,974 USD
YTD2025 dividend income is:
- 'Core' accounts: ~$ 5,948 CDN and ~$ 34,253 USD
- 'Side' accounts: ~$ 684 CDN and ~$ 8,590 USD
Holdings
In prior FFJ Portfolio monthly posts I explain why the value of the 'Side' accounts component of the portfolio experienced a dramatic reduction in value in June 2024.
April 2024
Core Accounts: ~$ 739,787 CDN and ~$ 3,540,445 USD
Side Accounts: ~$ 606,667 CDN and ~$ 1,696,869 USD
Total: ~$ 1,346,454 CDN and ~$ 5,237,314 USD
May 2024
Core Accounts: ~$ 569,237 CDN and ~$ 3,642,078 USD
Side Accounts: ~$ 299,732 CDN and ~$ 1,784,750 USD
Total: ~$ 868,969 CDN and ~$ 5,426,828 USD
June 2024
Core Accounts: ~$ 553,777 CDN and ~$ 3,965,820 USD
Side Accounts: ~$ 0 CDN and ~$ 630,943 USD
Total: ~$ 553,777 CDN and ~$ 4,596,763 USD
July 2024
Core Accounts: ~$ 598,271 CDN and ~$ 4,218,120 USD
Side Accounts: ~$ 0 CDN and ~$ 881,679 USD
Total: ~$ 598,271 CDN and ~$ 5,099,799 USD
August 2024
Core Accounts: ~$ 598,631 CDN and ~$ 4,368,140 USD
Side Accounts: ~$ 27,470 CDN and ~$ 931,443 USD
Total: ~$ 626,101 CDN and ~$ 5,299,583 USD
September 2024
Core Accounts: ~$ 620,426 CDN and ~$ 4,428,345 USD
Side Accounts: ~$ 32,226 CDN and ~$ 953,814 USD
Total: ~$ 652,652 CDN and ~$ 5,382,159 USD
October 2024
Core Accounts: ~$ 617,739 CDN and ~$ 4,411,985 USD
Side Accounts: ~$ 37,230 CDN and ~$ 960,683 USD
Total: ~$ 654,969 CDN and ~$ 5,372,668 USD
November 2024
Core Accounts: ~$ 649,920 CDN and ~$ 4,786,925 USD
Side Accounts: ~$ 40,476 CDN and ~$ 1,026,183 USD
Total: ~$ 690,396 CDN and ~$ 5,813,108 USD
December 2024
Core Accounts: ~$ 628,504 CDN and ~$ 4,670,202 USD
Side Accounts: ~$ 39,292 CDN and ~$ 1,066,098 USD
Total: ~$ 667,796 CDN and ~$ 5,736,300 USD
January 2025
Core Accounts: ~$ 660,263 CDN and ~$ 4,950,735 USD
Side Accounts: ~$ 44,099 CDN and ~$ 1,126,663 USD
Total: ~$ 704,362 CDN and ~$ 6,077,398 USD
February 2025
Core Accounts: ~$ 653,051 CDN and ~$ 4,970,834 USD
Side Accounts: ~$ 41,447 CDN and ~$ 1,190,729 USD
Total: ~$ 694,498 CDN and ~$ 6,161,563 USD
March 2025
Core Accounts: ~$ 617,286 CDN and ~$ 4,829,134 USD
Side Accounts: ~$ 35,596 CDN and ~$ 1,265,103 USD
Total: ~$ 652,882 CDN and ~$ 6,094,237 USD
April 2025
Core Accounts: ~$ 620,799 CDN and ~$ 4,708,988 USD
Side Accounts: ~$ 74,619 CDN and ~$ 1,352,923 USD
Total: ~$ 695,418 CDN and ~$ 6,061,911 USD
May 2025
Core Accounts: ~$ 660,717 CDN and ~$ 4,863,614 USD
Side Accounts: ~$ 78,367 CDN and ~$ 1,402,636 USD
Total: ~$ 739,084 CDN and ~$ 6,266,250 USD
June 2025
Core Accounts: ~$ 667,624 CDN and ~$ 5,101,029 USD
Side Accounts: ~$ 83,394 CDN and ~$ 1,401,732 USD
Total: ~$ 751,018 CDN and ~$ 6,502,761 USD
NOTE: The above values exclude investments in several tax-efficient accounts for which I do not disclose details.
Final Thoughts
I wish you much success on your journey to financial freedom.
Note: Please send any feedback, corrections, or questions to [email protected].
Disclaimer: I do not know your circumstances and am not providing individualized advice or recommendations. I encourage you to make all investment decisions through research and due diligence. You should also consult your financial advisor where appropriate.
I wrote this article myself and it expresses my own opinions. I am not receiving compensation for it and have no business relationship with any company whose stock is mentioned in this article.
