We are initiating a position in First Solar (FSLR US) with the intention of increasing it over time.
MM are buying FSLR US in the International Equities Portfolio, allocating 4% around $US209.00
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We are initiating a position in Pershing Square Holdings (PSHZF US). Given they hold a large weighting in Chipotle (CMG US), we are trimming our direct holding in that stock.
MM are buying PSHZF US in the International Equities Portfolio, allocating 4% around $US34.00
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We are initiating a new position in Peabody Energy (BTU US), and will look to trim Glencore (GLEN US) into strength at a later time given they are both exposed to Coal.
MM are buying BTU US in the International Equities Portfolio, allocating 4% around $US21.00
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We are trimming HCA Healthcare (HCA US) into current strength.
MM are trimming HFA US in the International Equities Portfolio, reducing by 1% to a 4% weighting, taking a profit around $US275.00
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We are trimming Chipotle Mexican Grill (CMG US) given we are buying Pershing Square and they hold this stock in their portfolio.
MM are trimming CMG US in the International Equities Portfolio, reducing by 2% to a 4% weighting, taking a profit around $US2062.00
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We are cutting Paypal (PYPL US) given the margin outlook remains challenged. We should have cut this earlier.
MM are selling PYPL US in the International Equities Portfolio, taking a loss around $US62.00
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