Hi, I am Trung👋

I am the author of Sleep Well Investments, delivering high-quality equity research and disciplined portfolio execution.

Since October 2023, 9 out of 9 stock purchases are in the money, with an average gain of 37% money-weighted (99% time-weighted).

Since my deep dives were published, my sleep well picks have yielded an average return of 36% per pick. The average ROIC of these companies is 17%, the average free cash flow per share growth has been 21% in the past three years, and the average total share return has been 34% per year since IPO.

Quality guaranteed.

How do Sleep Well Investments help you?

To get such high-quality results, I equip you with in-depth analyses of only exceptional businesses with the ingredients to sustain their market domination. I track them rigorously and wait for the right price for the Sleep Well Portfolio I am building for my two daughters to redeem in 2037. All BUY and SELL (ideally never) transactions are disclosed (1st, 2nd, 3rd, 4th). Access all content here.

Types of reports:

**Free sample reports can be found here**

All businesses go under a ‘sleep well investments’ checklist. A high-scoring business at the right price will earn a position in my Sleep Well Portfolio.

Deep Dives

In a deep dive report - you can expect a breakdown of (i) how the business has built its success, (ii) how it will overcome competition and future adversities, and (iii) valuation work to ensure we buy at a reasonable price.

Below are the scores of the first few picks. Notice that business quality, with 17/20 total points, is more important than valuation, with 3/20 total points. For me, the margin of safety comes mainly from the business's resiliency rather than its cheapness.

Thesis tracking

Next, these businesses must perform and adapt to stay on the watchlist/portfolio, which I keep track of under my Thesis Tracking updates.

It often boils down to one KPI - market share movements against key rivals - my proxy for the quality of the moats and barriers to entry.

Behind the KPI is a comparative report of (i) revenue growth, (ii) major client wins/losses, (iii) industry rankings, and sometimes (iv) product reviews, if relevant. You will know the market share movements and the why and how they gain/lose.

FREE tracking reports: MIPS, CRWD, and FND.

Sleep Well Portfolio Ownerhip Alert

For transparency and disclosure, I share my detailed thought process behind every BUY and SELL. I also review the portfolio monthly.

I aim to own these businesses as long as they perform in my Thesis Tracker, which I update quarterly or when data is available.

Please click this LINK to see the Sleep Well Portfolio in full.

[FREE Sample report - 1st, 2nd, 3rd, 4th, 9th]

What is the Sleep Well Portfolio?

I use my daughter’s junior ISA portfolio to show you how I construct a long-term portfolio from scratch. The redemption year is 2037, 14 years from today when she turns 18.

✔ The portfolio will consist of between 10-20 market leaders
✔ The portfolio redemption year is 2037. We buy to own long-term
✔ No market timing. We buy at a price that offers a healthy margin of safety
✔ The portfolio only invests in deep-dived stocks that are monitored closely
✔ They are market leaders who have:

Stable / strengthening market position
Enduring competitive advantages
Management with aligned interests and a strong capital allocation track record
Anti-fragility attributes (healthy balance sheet, adaptable business model, endured competitors and past crises)
Plenty of reinvestment opportunities
Trading at a fair valuation

Investing is a life-long journey, not a sprint. That’s why the portfolio redemption year is 2037. I intend to buy to own long-term—no short-term trades. A few extra percentage points of return aren’t as important as sleeping well, knowing why I own a business, and trusting my investment process.

For this reason, access to the portfolio is only available for annual paid subs who are in it for the long run. I apologize to monthly subscribers; I don’t want to mislead or tag you along for the marathon when you are looking for a sprint. You still have full access to my deep dives and thesis-tracking updates.

Important note: It doesn’t matter if you manage a $50K or a $50M portfolio; if you can’t manage the small amount responsibly, then managing $50M will magnify your mistakes. Hence, I do not provide ownership details in absolute $ value.
The purpose of showing how I manage my daughter’s and my family's portfolio is to encourage long-term ownership, showing I eat my own cooking and, and that it is possible to have a lasting investment process over multiple cycles. Please don’t copy it blindly; your saving is finite; treat it responsibly. We also likely have very different financial goals and circumstances.
Finally, I will only reveal new Sleep Well Portfolio positions after publishing my deep dive. I believe an investor should only consider an investment after thoroughly researching it.

Directory to FREE and Premium Research

🗝 The Key To Sleep Well

Trung Nguyen @SWIs

February 29, 2024

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I cover a range of sectors that are least likely to lose relevance, including semiconductors, bike and helmet components, RVs, surgical equipment, cybersecurity software platforms, home building materials, logistics businesses, and more. You can find all the topics that we cover here.

About Me

I was born in Vietnam and moved to the U.K. in 2001 when I was 15.

I started my finance experience at PwC and KPMG and my research experience while doing my Ph.D. in Innovation Management. My side hustles and competitive tennis endevours built my ‘generalist investor’ skillset. I hosted a Value Investing group in London (pre-covid) and managed external capital for family and friends between 2015 and 2020. Since 2022, I have refocused on what I enjoy most - doing deep research and sharing on Sleep Well Investments; it’s my third baby after my two daughters.

I strive for simplicity and structure in my investment process because building wealth is building time for what matters most in your life.

Feel free to contact me at trung.nguyen@sleepwellinvestments.com, LinkedIn, or twitter/X@ DTF_Capital

Don’t be a stranger!

My investment philosophy

I am patient and optimistic, with a keen eye for details—and I believe building a good process is everything.

I invest in a business to own it. I find it hard to sell, but I believe selling the least-loved business is crucial for outperformance.

I hold between 10-20 stocks at a time. I start with small positions and let the portfolio concentrate over time without rebalancing. I invest when the price is reasonable and add fresh savings to the stock market across large caps and smaller stocks.

My investment moto is:

Focus on quality.
Execute with discipline.

Hopefully, these will lead me to find exceptional businesses over decades and enjoy an above-average return.

Sponsorships

Interested in collaborating? Sleep Well Investments is read by finance, tech, and business decision-makers, including the C-suites of public and private companies, funds, family offices, and CIOs worldwide.

We'd love to hear from you if you want to learn more. Send us a note at trung.nguyen@sleepwellinvestments.com, and we’ll respond!

Affiliate partnership

Use the ‘SWI20’ code at checkout for discounts - Quartr is a searchable database of slides, interviews, and earnings calls. It helps me to gather relevant and valuable insights efficiently.