ResearchTrade Update: Strategic Cash for Opportunities and Offshore

Trade Update: Strategic Cash for Opportunities and Offshore

Dec 14, 2021

We’ve trimmed existing holdings for clients across both our Opportunities and Offshore strategies.

We believe these moves may offer clients two key advantages:

  • Protection during a volatile market environment; and
  • Capital we may be able to deploy into stocks that offer superior risk/reward.

Cutting back energy

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.

A broad slice of the globe

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.

Cash Management

Smart Cash

Smart Cash FAQs

Cash Options

Get Smart Cash

InstagramTwitterYoutubeLinkedIn

© Copyright 2024 Titan Global Capital Management USA LLC. All Rights Reserved.

Titan Global Capital Management USA LLC ("Titan") is an investment adviser registered with the Securities and Exchange Commission (“SEC”). By using this website, you accept and agree to Titan’s 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 or investment products. 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 and other information provided are for illustrative purposes only and are not to be considered 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.

Please refer to Titan's Program Brochure for important additional information. Certain investments are not suitable for all investors. Before investing, you should consider your investment objectives and any fees charged by Titan. 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, including principal. Brokerage services are provided to Titan Clients by Titan Global Technologies LLC and Apex Clearing Corporation, both registered broker-dealers and members of FINRA/SIPC. For more information, visit our disclosures page. You may check the background of these firms by visiting FINRA's BrokerCheck.

Various Registered Investment Company products (“Third Party Funds”) offered by third party fund families and investment companies are made available on the platform. Some of these Third Party Funds are offered through Titan Global Technologies LLC. Other Third Party Funds are offered to advisory clients by Titan. Before investing in such Third Party Funds you should consult the specific supplemental information available for each product. Please refer to Titan's Program Brochure for important additional information. Certain Third Party Funds that are available on Titan’s platform are interval funds. Investments in interval funds are highly speculative and subject to a lack of liquidity that is generally available in other types of investments. Actual investment return and principal value is likely to fluctuate and may depreciate in value when redeemed. Liquidity and distributions are not guaranteed, and are subject to availability at the discretion of the Third Party Fund.

The cash sweep program is made available in coordination with Apex Clearing Corporation through Titan Global Technologies LLC. Please visit www.titan.com/legal for applicable terms and conditions and important disclosures.

Cryptocurrency advisory services are provided by Titan.

Information provided by Titan Support is for informational and general educational purposes only and is not investment or financial advice.

Contact Titan at support@titan.com. 508 LaGuardia Place NY, NY 10012.