Librarian Capital's Monthly Ranked Top Buys - July 2023 (Corrected)

Portfolio Strategy

Correction: The version of this newsletter circulated a few hours ago contained an incorrect list of ranking changes in bullet points (those being the changes from last month). The ranking changes in the table just above the bullet points were correct, as were the trades listed in the appendix. This version has corrected the bullet points (in bold). No other changes were made.

Summary

This is the July version of our "Monthly Ranked Top Buys“ series, designed to facilitate regular reviews of our selection of most-preferred stocks. As of July 9, our illustrative “Select 15” portfolio has gained 13.8% since its inception at the start of the year, and is shown in the table below (in descending order of size):

Our gains year-to-date have been relatively broad-based, with 7 of the 15 current holdings registering gains of 10% or more, plus 2 exited holdings that had realised double-digit gains (Meta Platforms and Zoetis) (we sold Meta too early at $172.88 in February). Bank of America, with a 1…