Librarian Capital's Monthly Ranked Top Buys - February 2024

Portfolio Strategy: Our "Select 15" portfolio is now up 25.5% since the start of 2023. This month’s letter focuses on the earnings season.

(This post has been sent to anyone already on our FREE subscriber list; you can also access it with a free trial.)

Introduction

This is the February edition of our "Monthly Ranked Top Buys“ series, designed to present a model portfolio based on a selection of our most-preferred stocks, which we call our “Select 15” model portfolio.

This month’s letter focuses on relevant news for our holdings from the earnings season. Our macro views haven’t changed materially from what we outlined in last month’s edition. We are not making any changes in our model portfolio here, having already made several changes last month.

The earnings season is still continuing, mostly with U.K. companies left to report. We have spent most of the past few weeks reviewing results, both for our portfolio companies and for their peers. We plan to move back to more active reviews of potential targets and screening of new sectors later this month.

Performance Update

The “Select 15” model portfolio gained 0.8% in January, a…