Paul John Balson

CIK

1809125

Location

MARINA DEL REY, CA

Portfolio Value

Small $413,511,736

Diversification

Highly concentrated

Filing Date

Global Rank

#2,040 / 5,886 ▼ 30

Top Industry

Consumer Electronics 88.9%

3Y Alpha vs SPY

-3.5%

Period ended 5 years ago

Filed Feb 17, 2021 · 5y

4 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+61.5%

SPY

+76.3%

Annualised alpha

-3.5%

Max drawdown

−31.9%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

47 positions · as of Dec 31, 2020 · Δ vs Sep 30, 2020

Top Position

83.8%

−4.2 pts

Top 5

91.3%

−3.0 pts

Top 10

96.3%

−0.8 pts

HHI

7,045

Highly concentrated−721

Portfolio Trend

4 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2020

Sector	% Portfolio	Value	Positions
Technology	90.7%	$374,985,447	22
Unclassified	5.7%	$23,632,314	4
Consumer Cyclical	1.3%	$5,362,822	3
Financial Services	1.2%	$4,863,056	6
Healthcare	0.6%	$2,623,485	6
Communication Services	0.4%	$1,809,256	5
Consumer Defensive	0.1%	$235,356	1

Last Quarter's Activity

Export CSV

Dec 31, 2020 vs Sep 30, 2020

Added To

Positions the filer increased

20 positions

Ticker	Company	Δ Shares	Shares	Value
AAPL	Apple Inc.	+16,946	2,611,743	$346,552,178
MDB	MongoDB, Inc.	+7,275	20,206	$7,254,762
TWLO	Twilio Inc	+4,390	17,082	$5,782,257
DIA	Spdr Dow Jones Industrial Average ETF Trust	+2,686	22,508	$6,882,721
TDOC	Teladoc Health, Inc.	+1,858	5,499	$1,099,580
SPY	Spdr S&P 500 ETF Trust	+1,791	19,629	$7,338,890
DIS	Walt Disney Co	+1,190	6,210	$1,125,127
BRK-B	Berkshire Hathaway Inc	+740	7,600	$1,762,212
FSLY	Fastly, Inc.	+700	5,750	$502,377
NVDA	Nvidia Corp	+561	2,750	$35,901
SHOP	Shopify Inc.	+222	1,246	$141,040
V	Visa Inc.	+103	2,086	$456,270
MSFT	Microsoft Corp	+81	32,695	$7,272,021
TTD	Trade Desk, Inc.	+71	1,348	$107,974
META	Meta Platforms, Inc.	+50	1,272	$347,459
PYPL	PayPal Holdings, Inc.	+48	2,455	$574,961
NOW	ServiceNow, Inc.	+18	1,258	$138,488
UNH	Unitedhealth Group Inc	+5	1,650	$578,622
INTU	Intuit Inc.	+3	1,463	$555,720
MA	Mastercard Inc	+2	2,183	$779,200
No positions match the current search.

Trimmed

Positions the filer reduced

3 positions

Ticker	Company	Δ Shares	Shares	Value
TSLA	Tesla, Inc.	−1,525	20,075	$4,722,107
ZM	Zoom Communications, Inc.	−166	970	$327,200
BDX	Becton Dickinson & Co	−13	868	$166,583
No positions match the current search.

New Positions

Positions the filer opened this quarter

10 positions

Ticker	Company	Shares	Value
QQQ	Invesco Qqq Trust, Series 1	29,043	$9,111,950
LMND	Lemonade, Inc.	8,500	$1,041,250
MSCI	MSCI Inc.	558	$249,163
DEO	Diageo PLC	1,482	$235,356
ZS	Zscaler, Inc.	1,160	$231,663
SBUX	Starbucks Corp	2,144	$229,365
SYK	Stryker Corp	899	$220,290
ADSK	Autodesk, Inc.	680	$207,631
FVRR	Fiverr International Ltd.	1,040	$202,904
SNPS	Synopsys Inc	780	$202,207
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
DXCM	Dexcom Inc	599	$61,731
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

47 positions · $413,511,736 total · as of Dec 31, 2020

All sectors Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Added	2,611,743	+16,946	$346,552,178	+15.3%	83.81%
QQQ	Invesco Qqq Trust, Series 1	NEW	29,043	NEW	$9,111,950	NEW	2.20%
SPY	Spdr S&P 500 ETF Trust	Added	19,629	+1,791	$7,338,890	+22.9%	1.77%
MSFT	Microsoft Corp Technology	Added	32,695	+81	$7,272,021	+6.0%	1.76%
MDB	MongoDB, Inc. Technology	Added	20,206	+7,275	$7,254,762	+142.3%	1.75%
DIA	Spdr Dow Jones Industrial Average ETF Trust	Added	22,508	+2,686	$6,882,721	+25.1%	1.66%
TWLO	Twilio Inc Technology	Added	17,082	+4,390	$5,782,257	+84.4%	1.40%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	20,075	-1,525	$4,722,107	+52.9%	1.14%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	7,600	+740	$1,762,212	+20.6%	0.43%
CRWD	CrowdStrike Holdings, Inc. Technology	Held	7,700	0	$1,631,014	+54.3%	0.39%
XYZ	Block, Inc. Technology	Held	5,660	0	$1,231,842	+33.9%	0.30%
DIS	Walt Disney Co Communication Services	Added	6,210	+1,190	$1,125,127	+80.6%	0.27%
TDOC	Teladoc Health, Inc. Healthcare	Added	5,499	+1,858	$1,099,580	+37.7%	0.27%
LMND	Lemonade, Inc. Financial Services	NEW	8,500	NEW	$1,041,250	NEW	0.25%
MA	Mastercard Inc Financial Services	Added	2,183	+2	$779,200	+5.6%	0.19%
UNH	Unitedhealth Group Inc Healthcare	Added	1,650	+5	$578,622	+12.8%	0.14%
CRM	Salesforce, Inc. Technology	Held	2,594	0	$577,242	−11.5%	0.14%
PYPL	PayPal Holdings, Inc. Financial Services	Added	2,455	+48	$574,961	+21.2%	0.14%
INTU	Intuit Inc. Technology	Added	1,463	+3	$555,720	+16.7%	0.13%
OKTA	Okta, Inc. Technology	Held	2,070	0	$526,318	+18.9%	0.13%
FSLY	Fastly, Inc. Technology	Added	5,750	+700	$502,377	+6.2%	0.12%
V	Visa Inc. Financial Services	Added	2,086	+103	$456,270	+15.1%	0.11%
ADBE	Adobe Inc. Technology	Held	856	0	$428,102	+2.0%	0.10%
AMZN	Amazon Com Inc Consumer Cyclical	Held	2,526	0	$411,350	+3.4%	0.10%
DDOG	Datadog, Inc. Technology	Held	4,047	0	$398,386	−3.6%	0.10%
NICE	NICE Ltd. Technology	Held	1,366	0	$387,315	+24.9%	0.09%
META	Meta Platforms, Inc. Communication Services	Added	1,272	+50	$347,459	+8.6%	0.08%
AMD	Advanced Micro Devices Inc Technology	Held	3,568	0	$327,221	+11.9%	0.08%
ZM	Zoom Communications, Inc. Technology	Reduced	970	-166	$327,200	−38.7%	0.08%
GLD	Spdr Gold Trust	Held	1,675	0	$298,753	+0.7%	0.07%
WAT	Waters Corp /De/ Healthcare	Held	1,163	0	$287,749	+26.4%	0.07%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Held	2,518	0	$274,562	+34.5%	0.07%
ILMN	Illumina, Inc. Healthcare	Held	752	0	$270,661	+19.7%	0.07%
MSCI	MSCI Inc. Financial Services	NEW	558	NEW	$249,163	NEW	0.06%
DEO	Diageo PLC Consumer Defensive	NEW	1,482	NEW	$235,356	NEW	0.06%
ZS	Zscaler, Inc. Technology	NEW	1,160	NEW	$231,663	NEW	0.06%
SBUX	Starbucks Corp Consumer Cyclical	NEW	2,144	NEW	$229,365	NEW	0.06%
SYK	Stryker Corp Healthcare	NEW	899	NEW	$220,290	NEW	0.05%
ADSK	Autodesk, Inc. Technology	NEW	680	NEW	$207,631	NEW	0.05%
FVRR	Fiverr International Ltd. Communication Services	NEW	1,040	NEW	$202,904	NEW	0.05%
SNPS	Synopsys Inc Technology	NEW	780	NEW	$202,207	NEW	0.05%
BDX	Becton Dickinson & Co Healthcare	Reduced	868	-13	$166,583	+6.0%	0.04%
SHOP	Shopify Inc. Technology	Added	1,246	+222	$141,040	+34.6%	0.03%
NOW	ServiceNow, Inc. Technology	Added	1,258	+18	$138,488	+15.1%	0.03%
TTD	Trade Desk, Inc. Communication Services	Added	1,348	+71	$107,974	+63.0%	0.03%
NVDA	Nvidia Corp Technology	Added	2,750	+561	$35,901	+21.2%	0.01%
NFLX	Netflix Inc Communication Services	Held	477	0	$25,792	+8.1%	0.01%