Last year my submission was Kura Sushi (KRUS). It's a volatile stock, at times being +60% during the period. Execution has continued to be good, despite some softness throughout 2025. Over time, it has been growing into it's valuation.
Today it trades 26% lower than when I initially voted for it, and the forward sales multiple has compressed by 35% while revenue has grown 25% in a harsher environment. Some flashes of profitability, stronger operating cash flows...
This is all to say I am going to be boring and make the same submission the second time around.
Boston Omaha (again), the inevitable upside seems to allude us again this last year. BUT trading at $380m market cap with about $200m+ in publicly listed equities, cash and other minority stakes that leaves adjusted market cap sub $200m with $20-25m FCF, with a newly announced $30m buyback after not being able to buyback all 2024 due to blackout periods.
Ops biz wise billboards is resilient and due to US elections will get a 'bump' in 2026, Fiber buildout increasing profitability at speed with 26-27 key years to jump up, and hopefully the surety insurance biz seeing the end of a brief uptick in loss ratio.
It should be noted my other more boring choice was Markel and that did well, so ignore my advice in general as I havent a clue.
Does investing in BOC work for those people? No. It never does. I mean these people somehow delude themselves into thinking it might. …But it might work for me!
On any 12 months horizon, non tech names could just be at a disadvantage, the volatility is just not there... But for the next 12 months i rather own a beaten down consumer than chase the hyperscalers
Good rational. It's ultimately hard to pick winners over a short period of 12 months. It's a but of fun, but I am curious to see the trends in sectors/industries picked over several rebalances.
Yep while it certainly make sense to see who the winners are after 12 months, like you are doing in this post, it would definitely be interesting to keep reviewing each years portfolio after 1, 2 and more years, to see how they evolve. For instance i would be fairly surprised if rocket lab remains the top performer by this time next year....
Thank you for running this Conor. Also great to see the nice turn out in the comments section
Zillow (Z). Real estate can't stay in the dumpster forever. Zillow has top marketshare and mindshare and will rise as real estate comes back into favor.
Last year my submission was Kura Sushi (KRUS). It's a volatile stock, at times being +60% during the period. Execution has continued to be good, despite some softness throughout 2025. Over time, it has been growing into it's valuation.
Today it trades 26% lower than when I initially voted for it, and the forward sales multiple has compressed by 35% while revenue has grown 25% in a harsher environment. Some flashes of profitability, stronger operating cash flows...
This is all to say I am going to be boring and make the same submission the second time around.
Boston Omaha (again), the inevitable upside seems to allude us again this last year. BUT trading at $380m market cap with about $200m+ in publicly listed equities, cash and other minority stakes that leaves adjusted market cap sub $200m with $20-25m FCF, with a newly announced $30m buyback after not being able to buyback all 2024 due to blackout periods.
Ops biz wise billboards is resilient and due to US elections will get a 'bump' in 2026, Fiber buildout increasing profitability at speed with 26-27 key years to jump up, and hopefully the surety insurance biz seeing the end of a brief uptick in loss ratio.
It should be noted my other more boring choice was Markel and that did well, so ignore my advice in general as I havent a clue.
Duly noted sir!
Does investing in BOC work for those people? No. It never does. I mean these people somehow delude themselves into thinking it might. …But it might work for me!
*cries as he logs into brokerage account*
ISRG, Intuitive Surgical
Got it, thanks!
Love this idea :)
Not sure about over the next year, but think Carvana is attractive over a 10 year view:
Still at 1-2% market share in a fragmented industry, should grow to 10-30% market share over the next 10-20 years.
10/10 management team.
I'm estimating 20%+ annual returns over the next decade or so.
Thanks, vote is counted!
$CI Cigna
Noted, thanks!
Like BRO - Brown & Brown at these levels
Thanks bro, vote counted!
CZR Caesars
LULU - Lululemon
Hoping they can come back from the dead... counted!
On any 12 months horizon, non tech names could just be at a disadvantage, the volatility is just not there... But for the next 12 months i rather own a beaten down consumer than chase the hyperscalers
Good rational. It's ultimately hard to pick winners over a short period of 12 months. It's a but of fun, but I am curious to see the trends in sectors/industries picked over several rebalances.
Yep while it certainly make sense to see who the winners are after 12 months, like you are doing in this post, it would definitely be interesting to keep reviewing each years portfolio after 1, 2 and more years, to see how they evolve. For instance i would be fairly surprised if rocket lab remains the top performer by this time next year....
Thank you for running this Conor. Also great to see the nice turn out in the comments section
Yea i was planning to duplicate the original model, make the rebalance, then let the Original one continue to run also.
So next year we can see the performance if no changes were made.
CAVA
Counted!
Zillow (Z). Real estate can't stay in the dumpster forever. Zillow has top marketshare and mindshare and will rise as real estate comes back into favor.
Counted!
Ituran Location & Control (ITRN)
Counted!
Mobileye (MBLY)
Counted, thanks!
NNI- Nelnet. Just a boring compounder.
Love boring, thanks for voting!
$MELI again! Hasn't done much since last year but I could bet my entire portfolio on that one. Personally, a 15% holding of my portfolio
Great pick, love the conviction, thanks Dhaval!
GOOG Alphabet Inc
Someone had to say GOOG, thanks!
I'm still a big fan of fairfax! - FRFHF
In for a second turn, thanks!