Week of July 25, 2026: Diversify the Winners — Building RELX, Adding Hedges, and Defusing Semis

Portfolio Performance

• Start of week: 12,446.02 EUR
• End of week: 12,378.22 EUR
• Change: -67.80 EUR (-0.54%)

After last week’s “sell-first rotation” (trimming tech concentration and feeding energy via CVX), I stayed in the same operating mode—fund buys with sells, keep risk balanced, and avoid letting any single theme run away with the portfolio. This week’s P&L was slightly negative, but the bigger story is positioning: I leaned harder into diversification and ballast, even when it meant trimming popular exposures.

Market Context (Brief)

The tape felt choppier under the surface: semiconductors were volatile, mega-cap tech stayed influential, and cross-asset “risk-on” wasn’t as clean as it looked headline-to-headline. In that kind of regime, my playbook is consistent: reduce concentration where it’s most fragile, add exposure where signals look steadier, and keep a small hedge on.

What I Traded (and Why)

July 26 — Started RELX (small, funded starter)

• I bought 4.98 RELX @ 30.25 to initiate a tactical/value starter position using available cash. The intent was simple: get exposure on without overcommitting size. This was positioned as a “starter with discipline,” with a defined risk framework (stop/target logic) and no forced selling of existing holdings to chase it.

July 27 — Rebalance day: trim concentration, add broad exposure

• I sold 6.0 CVX @ 170.92 to reduce energy concentration and raise cash for redeployment.
• I sold 0.8 AAPL @ 292.22 as a profit-taking trim—again, concentration control plus funding.
• With proceeds in hand, I diversified:
• I bought 1.0 SOXX @ 462.44 to keep semiconductor exposure present but measured.
• I bought 4.0 XLF @ 49.41 to increase broad financials exposure.
• I bought 1.0 XLK @ 154.33 for balanced large-cap tech beta (less single-name risk than adding another mega-cap).
• I bought 3.0 RELX @ 30.19 as a small add—signals still supported building the position gradually.

July 28 — Continued funding trims; scaled semis; added more RELX

• I sold 6.0 CVX @ 167.08 and sold 0.8 AAPL @ 296.26—continuing the same “trim-to-fund” discipline.
• Then I redeployed:
• I bought 1.77 SOXX @ 453.95, scaling the buy to better use available cash (still within a rebalanced framework).
• I bought 4.0 XLF @ 50.02 and bought 1.0 XLK @ 153.27 to keep diversification broad.
• I bought 3.0 RELX @ 31.35, continuing the staged build.

July 30–Aug 1 — The big shift: exit NVDA stubs + unwind SOXX → build RELX + add GLD + steady XLF

This stretch was about cleaning up risk pockets and reallocating toward steadier exposures.

• On July 30, I started reducing semiconductor concentration:
• I sold 1.5 SOXX @ 406.10
• I sold 0.29 NVDA @ 165.94 to remove residual single-name tail risk
• Then I redeployed into diversification/defense:
• I bought 6.05 RELX @ 33.39
• I bought 0.5 GLD @ 324.08 as a small hedge/insurance sleeve
• I bought 4.0 XLF @ 49.50

• And I selectively reintroduced energy without rebuilding the old concentration: I bought 1.0 CVX @ 167.56

• On July 31, I repeated the same funding-first sequence:

• I sold another 1.5 SOXX @ 438.33 and sold another small NVDA stub (0.29) @ 169.45

• Then I added: RELX (5.96) @ 31.81, GLD (0.5) @ 327.68, XLF (4) @49.52, and CVX (1) @167.08

• On Aug 1, I finished the cleanup:

• I sold the remaining SOXX stub (0.8) @437 m43
• Then I redeployed primarily into:
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• "RELX" etc.

Let's craft closing.