David Lemons' Portfolio: Heavyweights in Tech & Consumer

Top Holdings

David Lemons' portfolio at Alapocas Investment Partners is dominated by a select group of stocks. The largest position is Alphabet Inc. (GOOG), representing 16.05% of the portfolio with a value of $21.2 million. This is followed by Amazon.com Inc. (AMZN) at 11.8% ($15.6 million) and Apple Inc. (AAPL) at 10.2% ($13.5 million).

Other significant holdings include TJX Cos. Inc. (TJX) at 9.1% ($12.0 million), Visa Inc. (V) at 8.4% ($11.1 million), Costco Wholesale Corporation (COST) at 5.2% ($6.8 million), Adobe Inc. (ADBE) at 5.1% ($6.7 million), Ferrari N.V. (RACE) at 4.6% ($6.1 million), Moody's Corporation (MCO) at 4.6% ($6.1 million), and Copart Inc. (CPRT) at 4.3% ($5.7 million).

Sector Allocation

The portfolio demonstrates a clear tilt towards specific sectors. Communication Services is the most concentrated sector, holding Alphabet (GOOG) which accounts for 16.05% of the portfolio. Technology is the next largest sector with Apple (AAPL) at 10.23% and Adobe (ADBE) at 5.07%, totaling approximately 15.3%.

Consumer Cyclical is represented by Amazon (AMZN) and TJX, making up about 20.8% of the portfolio. Financial Services includes Visa (V) and Moody's (MCO), totaling roughly 12.7%. Consumer Defensive is represented by Costco (COST) at 5.18%. Industrials is the only sector with a single holding, Copart (CPRT) at 4.33%. Ferrari (RACE) is listed without a sector, but is included in the holdings list.

Recent Changes & Strategy

The portfolio has seen a reduction in most holdings over the reporting period. Alphabet (GOOG) saw a decrease of 5.98% in its portfolio allocation, while Amazon (AMZN) and Apple (AAPL) each experienced approximately a 5.3% reduction. Several other positions also showed declines, including TJX (-4.54%), Visa (-4.3%), Costco (-3.78%), Adobe (-9.56%), Ferrari (-3.58%), Moody's (-2.96%), and Copart (-3.11%).

The strategy appears to favor large-cap technology and consumer-facing companies, including both American and international players (Ferrari). There is a notable absence of exposure to other sectors like Healthcare, Energy, Utilities, or Materials. The focus on companies with strong cash flows and potential for growth, combined with a preference for established blue-chip names alongside some growth-oriented tech stocks, characterizes this concentrated approach.