Dom Nask

2025 FULL YEAR PORTFOLIO SUMMARY Portfolio ended up +44.5% for the year. Bitter sweet results to be honest. I'm obviously happy but also acknowledge the once in a lifetime opportunity in PM's that I have missed - partially because I was busy with raising three small children and traveling through Asia/Australia/NZ instead. I consider commodities to be my main area of expertise, so it slightly hurts that I have spent a lot of time highlighting companies like #PAF or #THX in the past, holding them for a considerable amount of time and then missing out on the main rally. But who knows, maybe the next opportunity will happen earlier than in 20 years from now 🤨 1/

Define capital light? $RDDT: "hold my beer"

Added to my $Adbe position

* in REPORTED numbers. Imo daily active users have been going down for several years now, if you exclude bots and scam accounts. This is the reason why $Meta keeps them alive - it helps rigging activity statistics.

An important piece of the puzzle imho.

Sold $UNH

#FXPO it usually doesnt bode well when a company has to openly talk about a needed fundraise, and that before its even approved. Would love to see a helping hand in form of the government reaching out to Ferrexpo - especially taking in account that it is a key business and one of the very few internationally listed Ukrainian companies. Chances for gov intervention are smaller than winning in a lottery though & the company will likely end up being taken out, with assets redistributed among shady individuals. Im sure many carrion birds are already circling around Ferrexpo.

$UNH Q1’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $111.72B (Est. $109.66B) 🟢; +2% YoY 🔹 Adj. EPS: $7.23 (Est. $6.61) 🟢 🔹 Medical Cost Ratio: 83.9% 🔹 Buybacks: At least $2.0B by end of Q2’26 FY Guide: 🔹 Adj. EPS: >$18.25 (Prior $17.75) 🟢 Segment Revenue: 🔹 UnitedHealthcare: $86.3B; Oper Margin: 6.6% 🔹 Optum: $63.7B; Oper Margin: 5.2% 🔹 Optum Health: $24.1B; -3% YoY 🔹 Optum Insight: $5.1B 🔹 Optum: $35.7B; +2% YoY Other Metrics: 🔹 UnitedHealthcare Served: 49.1M consumers 🔹 Optum Supported: 122M+ consumers 🔹 Optum Rx Adjusted Scripts: 383M Financials: 🔹 Earnings from Operations: $9.0B 🔹 Cash Flow from Operations: $8.9B 🔹 Debt-to-Capital Ratio: 42.9% 🔹 Net Margin: 5.6% 🔹 Operating Cost Ratio: 13.8% Commentary: 🔸 “We are continuing to help simplify and modernize health care for the people and care providers we serve, bringing greater value, affordability, transparency and connectivity.”

Nothing a few trillion more in capex and higher electric bills for the plebs won't fix, amiright?

No trades recently, so Im keeping a low profile and not posting much.

Trump's Easter tweet was even more degenerate. I think there is not enough public discours about how rogue / insane the US president has become. All in a span of less than a year. Same as there was not enough coverage of Biden's dementia or K Harris's low IQ. Im watching in disbelief. His term started out 10/10, with DOGE, attemps to cut gov costs, to expose fraud, industrialize his country, end wars etc. A wild 180 degree turn since then and its getting worse and worse each month.

Pure comedy

Hi Chris! Sorry for my late reply, hectic week. To answer your Q - i have already utilized most of my free cash, adding and opening various positions (as posted on my feed). So im not perfectly positioned for a crash, having < 25% of dry powder left. Most of my positions declined further so it was not brilliant top-ups either. But i will give them time. Only #slp trade went well which i now closed.

@Melendhar From memory you have a lot of dry powder, what would it take for you to put risk on?

This will be an interesting day today. Especially in commodities.

Im in th US now. Interesting to see the minor differences in content on social media. Also surprised that RT remains blocked in Europe, while being fully accessible in America.

Added $BBWI once again to portfolio

#PSN Cash flow statement presents a less optimistic picture than the selective numbers from the front page of todays full year report that are getting shared on this platform. No positions currently & no strong opinion.

I bought some $Rddt for the first time, to join some other sp-depressed companies in my portfolio. Shares dropped close to -50% within the last 3 months. I still wouldnt consider the company to be as cheap as some other holdings of mine - but downside potential is now much more limited & reddit remains one of the most widely used social websites worldwide. Potential.

Added $UPS back to portfolio.

The level of disinformation and fake content spread among accounts with major followings has reached new levels. I literally need to double check every second post im seeing on my timeline. Chaos/fake news might be purposefully orchestrated on X, considering how many people that I've never heard of suddenly make it to the front page with their gibberish takes... but even if not - this remains a major nuisance, and not only to me as I've noticed. One reason why I decided to stay quiet throughout the last week, instead of commenting on the war that Israel/USA initiated with Iran. One thing worth noting is that many Arab states have a lot to gain from their facilities / energy production being partially disrupted. Keep this in mind when you see them portrayed as "victims" of some random drone/rocket attacks. Its interesting dynamics - especially having both world hegemons - the USA and China on the other side of the oil price spectrum. The war by itself - disgusting.

Added more #CAML

Added more to avg down

Added some #CAML . Pure trade.