Subsequent to publishing my Investment Holdings Review in this July 2, 2022 post, market conditions have radically changed. In addition, I have exited a few positions and have increased my exposure to several companies. Furthermore, the strengthening of the US dollar relative to the Canadian dollar has impacted the rankings.
My underlying reason for performing these periodic reviews is that I hold shares in several investment accounts. Undertaking an Investment Holdings Review enables me to get a better picture of my exposure to each holding.
In addition to ranking my holdings as of January 31, 2023, I include the rankings on June 30, 2022, January 6, 2022, April 11, 2021, and August 14, 2020 for comparison; a blank cell in a worksheet means the holding was not within the top 30.
I hold Canadian and US listed shares. My base currency is the Canadian dollar, and therefore, I convert my US holdings to Canadian for analysis purposes. The foreign exchange rates at the time of my reviews are:
- January 31, 2023: 1.3337 CDN = $1 USD
- June 30, 2022: $1.2873 CDN = $1 USD
- January 6, 2022: $1.2731 CDN = $1 USD
- April 11, 2021: $1.2545 CDN = $1 USD
- August 14, 2020: $1.34 CDN = $1 USD
The weighting of our top 30 holdings is:
- January 31, 2023: ~79%
- June 30, 2022: ~75%
- January 6, 2022: ~80%
- April 11, 2021: ~77%
- August 14, 2020: ~77%
These are the weightings of our top 10 holdings.
- January 31, 2023: ~40%
- June 30, 2022: ~37%
- January 6, 2022: ~43%
- April 11, 2021: ~41%
- August 14, 2020: ~43%
These are the weightings of our top 11 - 20 holdings.
- January 31, 2023: ~22%
- June 30, 2022: ~22%
- January 6, 2022: ~22%
- April 11, 2021: ~22%
- August 14, 2020: ~20%
These are the weightings of our top 21 - 30 holdings
- January 31, 2023: ~17%
- June 30, 2022: ~16%
- January 6, 2022: ~15%
- April 11, 2021: ~14%
- August 14, 2020: ~14%
The majority of the shares in our largest holding (V) are held in a retirement account for which I do not disclose details. The weighting of this investment is:
- January 31, 2023: ~8.1%
- June 30, 2022: ~7%
- January 6, 2022: ~7.4%
- April 11, 2021: ~7.88%
- August 14, 2020: ~8.35%
The weighting of our 30th largest holding at the time of each review is:
- January 31, 2023: ~1.13%
- June 30, 2022: ~1.4%
- January 6, 2022: ~1%
- April 11, 2021: ~1.1%
- August 14, 2020: ~1.1%
Dividend Income and Dividend Yield
I track the monthly dividend income from all our holdings but only disclose the dividend income generated from the holdings within the FFJ Portfolio. Dividend income and dividend yield, however, are not the basis upon which I make investment decisions. My focus is on an investment's total potential long-term investment return.
Several of my top 30 holdings have a very low dividend yield (eg. Danaher, S&P Global, Moody's). In addition, Berkshire Hathaway and Intuitive Surgical do not distribute a dividend. Furthermore, several holdings that do not fall within the top 30 either do not distribute a dividend or have a razor-thin dividend yield.
My results are based on share prices following the January 31, 2023 market close.
My largest holding (Visa (V)) is several hundred thousand dollars greater than my 2nd and 3rd largest holdings (Chevron (CVX) and Mastercard (MA)). There is, therefore, little likelihood that my largest holding will change in the foreseeable future. The variance between the value of my 4th - 10th largest holdings is less pronounced. As a result, changes in ranking are to be expected.
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. You should not make any investment decisions without conducting your research and due diligence.
I wrote this article myself and it expresses my own opinions. I do not receive compensation for it and have no business relationship with the company mentioned in this article.