Monday, Jun 1st 2020

Performance Update (May 2020)

Investor Update

Titan clients are now up +6-8% YTD after fees (vs. S&P 500 which is down -5% and Wealthfront/Betterment which are down -9% to -12%).

Our return of +12% in May (vs. S&P +5%) was driven mostly by idiosyncratic alpha, with our more niche holdings like Twilio up +76%.

May 2020 Scorecard

See disclosures.

Since our Inception Date (2/20/2018), Titan Flagship has gained +34% in total return (after fees). This is ~2x the market's return and well above Betterment, Wealthfront, and other managers.

May Chart

Key Drivers##

Here were the key drivers of our May returns:

1) Idiosyncratic alpha. Several Flagship co's reported blowout Q1 results, proving resilient amidst COVID-19 (e.g., Twilio +76%, PayPal +26%).

2) Better than feared trends. Software, payments, and other industries saw trends improve in May, much better than many investors feared.

3) Improving sentiment. We saw investors turn increasingly optimistic, driving FOMO as investors worried they missed the bottom.

Despite the rally, we continue to recommend "light offense." Our full hedges remain activated per our indicators. As mentioned in our April memo, plenty of risks still remain, and the skew looks unfavorable at the index level.

Stay heavily invested in your Titan portfolio, but keep some cash as dry powder until the skew materially improves. We'll let you know when it does.

May Movers##

Gainers: Twilio (TWLO) +76% PayPal (PYPL) +26% Uber (UBER) +20%

Detractors: Netflix (NFLX) +0% Amazon (AMZN) -1% Schwab (SCHW) -4%

See disclosures.

Back to Research ↗

Learn with titan

Investment articles and resources

Become the smartest investor you've ever been through straightforward, easy-to-read investment articles.

What Is the S&P 500 & How Does It Work?

How to Invest in the S&P 500

Is the S&P 500 a Good Investment?

What Companies Are in the S&P 500?

Let's Get Started

Ready to become a client?

Create an account with us in two minutes.

Or scan to get the app

We're building the best investment platform, ever

Titan Global Capital Management USA, Inc ("Titan") is an investment adviser registered with the Securities and Exchange Commission (“SEC”). By using this website, you accept our Terms of Use and Privacy Policy. Titan’s investment advisory services are available only to residents of the United States in jurisdictions where Titan is registered. Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities. Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance. Account holdings are for illustrative purposes only and are not investment recommendations. The content on this website is for informational purposes only and does not constitute a comprehensive description of Titan’s investment advisory services.

Refer to Titan's Program Brochure for more information. Certain investments are not suitable for all investors. Before investing, consider your investment objectives and Titan’s fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. The introducing Broker Dealer is Titan Global Technologies LLC, a registered broker-dealer and member FINRA/SIPC. Brokerage services are provided to Titan Clients by Apex Clearing, an SEC registered broker-dealer and member FINRA/SIPC. For more information, see our disclosures. Contact: 508 LaGuardia Place NY, NY 10012. Information provided by Titan Support is for informational and general educational purposes only and is not investment or financial advice. Check the background of these firms on FINRA's BrokerCheck.

© Copyright 2022 Titan Global Capital Management, Inc. All Rights Reserved.