Portfoliomanagement update – sale KSB vz.
As I plan to reduce the Draeger Vorzugs short, my cash quota will fall significantly below 10% after buying back the shorted shares.
In order to stay at my 10% threshold and as I have some ideas for new investments, I will need to reduce or sell other positions.
My current “priority selling list” looks like this:
1. KSB Vz.: As KSB is approaching the “fair value” I have estimated last year, I will start selling them today with the usual restrictions (max 20% of daily volume)
Other candidates for further sales would be:
– Sto Vz. –> despite great performance in the last few years on ehas to watch closely if margins can be maintained (see Westag)
– next in line would be my 2 remaining large caps Walmart and Nestle. Despite good performance, I have a lot less conviction here than with my other position