This much would be earned with a Dave Portnoy portfolio if $1,000 was invested at the beginning of 2024. 😎

Dave Portnoy’s 2024 Stock Picks

Dave Portnoy, the sports betting mogul, has been actively involved in the stock market for years. His portfolio, although not as accessible as Warren Buffett’s or Michael Burry’s, includes investments in at least five companies this year. On February 28, 2024, Portnoy announced three stock purchases: Celsius Holdings, Snowflake, and Anheuser-Busch Inbev.

Celsius Holdings (NASDAQ: CELH)

– Celsius Holdings, an energy drink company, has shown significant volatility in its trading activity.
– The stock experienced two substantial rallies in March and May but is currently down by 14.03% year-to-date.
– As of July 18, the price of Celsius Holdings stock is $50.75.

Snowflake (NYSE: SNOW)

– Snowflake operates in the cloud computing sector, which is closely associated with AI technology.
– Despite this, the stock has seen a decline of 28.43% since the beginning of the year.
– The current price of Snowflake stock is $135.36.

Anheuser-Busch Inbev (NYSE: BUD)

– Anheuser-Busch, also known as Bud Light, has faced challenges in 2023 but has been recovering.
– However, the stock is down by 4.02% this year, with a price of $61.67.

Other Investments

– Portnoy’s other investments in On Holding and Chipotle Mexican Grill have performed well.
– ONON stock price has risen by 50.82% since the start of 2024, with a current value of $40.36.
– Chipotle Mexican Grill shares are up by 23.14% year-to-date, priced at $55.29 each.

Dave Portnoy’s Portfolio in 2024

– Dave Portnoy’s non-options investments in 2024 have offered an overall return rate of 5.47%.
– A $1,000 investment split equally among the five companies would be worth $1,054.70 by July 18.
– In comparison, an investment in an S&P 500 index fund made at the start of the year would have returned approximately 17.83%.

Hot Take

Despite facing challenges with some of his investments this year, Dave Portnoy’s portfolio has shown resilience. It is important for investors to carefully analyze market trends and company performance before making investment decisions.