How I’m Positioned Going Into 2025

I get asked a lot about what I actually hold in my portfolio, so today I want to give you the full picture. Not just the tickers, but the allocations, average costs, and why I own them.

My largest position is SoFi, which makes up 29% of my portfolio at an average cost of $9.05. What stands out to me is the leadership under Anthony Noto and the vision of an all-in-one ecosystem that keeps customers inside its flywheel. Most people use different apps for banking, credit cards, investing, and loans, but SoFi offers it all in one place. That stickiness matters, and combined with strong execution, I see this as a long-term compounder.

AMD is 15% of my portfolio at an average cost of $105.61. The story here is simple: they don’t need to beat Nvidia to win big. With CPUs dominating Intel and data center GPUs gaining share, they are positioned to ride the wave of AI demand for years to come.

Google is 11% at $165.49. It remains a cash machine with untouchable search, a YouTube business becoming the television of the next generation, and a cloud segment that is now profitable. With over $100 billion in cash and one of the lowest valuations among mega-caps, I see it as a compounder hiding in plain sight.

Amazon is 10% at $168.96. Few companies have the ability to compound across multiple verticals like this. AWS remains the backbone of the internet, e-commerce continues to expand globally, and advertising is becoming a serious profit engine. By 2028, revenue could be pushing $1 trillion, and I want to own that kind of growth.

Cheesecake Factory sits at 7% of my portfolio with a $40.17 cost basis. Consumer cyclical names have been beaten down, but CAKE continues to show resilient traffic, improving margins, and a growing dividend. What excites me most is the hidden value in concepts like North Italia and Flower Child, which have plenty of room to scale.

UnitedHealth is another 7% position at $269.19. To me, this is the fortress of healthcare. Between its insurance operations and Optum’s data-driven services, it touches nearly every part of the system. Earnings are reliable, cash flow is strong, and Buffett himself just added more shares. This is my defensive anchor.

Hims & Hers makes up 7% with an average cost of $16.76. This company has moved from niche telehealth offerings into massive opportunities like GLP-1 weight loss treatments. Revenue growth, customer retention, and cash flow are all heading in the right direction, and the brand continues to resonate with younger consumers.

PayPal is 6.5% at $70.64. Despite still processing over a trillion dollars a year and producing billions in free cash flow, the stock is priced like a company in decline. With buybacks in motion and potential for margins to stabilize, I see significant upside if sentiment turns.

Fubo makes up 4.5% at $2.46. This is my speculative bet on sports streaming. The risk is high, but with a differentiated model in a huge category, the potential payoff is worth a small allocation.

Finally, AbCellera is 3% at $2.13. This is my biotech moonshot. The antibody discovery platform has the potential to change how drugs are developed, and while revenue is lumpy, a few wins could be transformative.

I also own Oscar Health and Lemonade in a separate portfolio, both of which remain high-conviction names for me.

The way I’ve built this portfolio is intentional. It balances growth with defensive anchors and sprinkles in a few speculative bets that could become multi-baggers if execution lines up. I want exposure to the areas shaping the next decade — fintech, AI, healthcare — without ignoring the importance of value and stability.

If you want to go beyond just reading about my portfolio and actually track it in real time, I’ll be launching this strategy on Surmount. With Surmount, you’ll be able to follow my portfolio directly, see the allocations, and track performance as it updates — not just get a snapshot after the fact. It’s full transparency, and it lets you follow along instead of guessing.

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