Letter 72: Analyzing My Exact Holdings

An update on my portfolio where I go through every position one by one

Six weeks ago I wrote about my Portfolio Review Process, and shared my top altcoin holdings and why I was bullish on them. This is an extension of that post. My portfolio has shifted around a reasonable amount since then (partly due to actions taken by me for tax and other reasons, partly due to the market doing its own thing).

Since I felt the need to review and rebalance my portfolio, I thought I would write about it again. This time though I won’t go through the theory of the review process and instead will just share the changes I have made from last time, and the reasoning behind my current positions and holdings.

I’ll be doing this largely in real time, and so will be sharing my raw thoughts as I get to each token in my list, and then also the conclusions I come to about whether I want to continue to hold, to cut, to reduce my size, or perhaps increase it.

the full list with tokens revealed is posted below for premium subscribers

One note is that there’s a slight change in the methodology, namely, that this time I decided to include ETH NFTs as a holding rather than not include NFTs at all. This obviously skews the %s quite a bit but with all of the bullish activity for both ETH and NFTs lately, I wanted to have a better idea of how things were situated.

If there’s interest, in a future week I could write about the different NFT projects I am allocated to and why (basically this post but specifically for NFTs) — but that’s an entire Letter on its own, so today we’ll use a broad brush for the jpegs.

There’s also a handful of things omitted intentionally, for the sake of brevity (and my own sanity). I have all sorts of random tokens staked across the Cosmos ecosystem: TIA, ATOM, OSMO, etc, which I don’t care to figure out the exact holdings of and so they aren’t included. I have a smattering of Solana NFTs and Bitcoin Ordinals, neither of which are represented. Any vested tokens (ie from angel investments or vested airdrops) are also not represented.

The aggregate of all of those put together is pretty insignificant though and would make up at most 2-3% of my portfolio value, so not much is being missed by not discussing them.

Anyway, let’s take a look at every token in the list now with an explanation of why I hold the amount I hold, and any plans I might have for changing things moving forward.

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Analyzing my exact holdings, one by one