We believe these moves may offer clients two key advantages:
For clients in our Opportunities strategy, we’ve trimmed our holdings in uranium-related names Denison Mines (DNN) and NexGen Energy (NXE).
We believe demand for uranium amid global interest in nuclear power as a source of renewable energy may be in its early days. In other words, the core tenets of our uranium thesis remain intact.
However, given the strong performance seen this year from both DNN and NXE, these stocks had grown to be the two largest positions within Opportunities.
As a result, we believe it is prudent to reduce the portfolio’s exposure to this theme as we believe we may be able to deploy this capital into names with more attractive risk/reward setups.
To raise cash for clients in Titan’s Offshore strategy, we’ve exited positions in two names — Adyen (ADYEY) and Adidas (ADDYY).
We’ve also reduced positions in holdings exposed to China — including Alibaba (BABA), JD.com (JD), and Tencent (TCEHY) — uranium names Cameco (CCJ) and URNM, and trimmed our holdings in PagSeguro (PAGS).
We recently initiated and added to positions in TSM and SE, respectively, during a portfolio update late last month, and have not changed our views.
Learn with titan
Become the smartest investor you've ever been through straightforward, easy-to-read investment articles.
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. Brokerage services are provided to Titan Clients by Titan Global Technologies LLC and Apex Clearing Corporation, both registered broker-dealers and members 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.