These are what I own, and my thesis. Glad to hear any thoughts.
1. Adobe. Part of the SaaS reverse. I think the whole AI thing hammered it. Bought way too early but holding at this point.
2. Alibaba. Bought just a little on gut. Mostly, I got this because I like AliExpress. Not the AI side. But like it as a long-term company
3. Autodesk. Part of the SaaS reverse. No-one is going to vibe code CAD software
4. B&M. British discount retailer. Actually, a stupid investment based on thinking the UK would go into recession and buy more cheap goods. But I've been lucky, the new CEO is turning it around.
5. BYD. Just really good cars. Long term investment. Know someone who got one instead of a Mercedes and won't go back. Took me for a ride and I get it. New European factories will open up tariff-free access to that market.
6. Energean. Israeli gas platform. Always takes a hammering if there's trouble in the Middle East. So, buy it, wait for everything to blow over and sell. In the meantime, pays a really nice dividend.
7. ME Group. They were best known for photo booths, but that is in decline. Shifting to automated laundrettes. I think there's a big future in more automated services and at rock bottom price and P/E.
8. Relx. Information services. Battered by the AI nonsense.
9. Salesforce. Also, AI nonsense.
10. ServiceNow. As above
11. Uber. Apart from the fact that I love Uber as a customer and use them for taxis, trains, coach bookings, I don't think AVs are going to be as huge as everyone thinks, and that Uber are already working towards their own fleet. Uber is your gateway, your store. You want a cab, maybe someone else does it but you book through Uber.
12. Veeva Systems. They do CRM software for the medical industry. So, more specialised. Battered by AI nonsense.
13. WH Smith. British airport retailer. Large moat because if you want a drink at an airport you don't have much other choice. Hit badly by oil problems, which I think is exaggerated. At this point I think this might be the best bargain as the oil troubles are priced in.