Sleep Well Investments

Sleep Well Investments

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June 2025

Buying This Mission-Critical SaaS Platform Serving Public Safety 26xEV/FCF for 20% CAGR 4yr Forward Growth
20% organic growth + x% from new found M&A allocation. No debts, 30% free cash flow margin. Thrive in a fragile world.
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Trung Nguyen @SWIs
21st Sleep Well Pick - Mission-critical to Public Safety
We are fairly good (and lucky) at picking winners. A perfect 2 year record. No loser and 24/25 transactions have been correct.
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Trung Nguyen @SWIs
8
21st Sleep Well Pick Coming Next Week and Averaging Up
Also, quick note on the recent dip in share price and how I 'average up' in positions that have run up a lot.
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Trung Nguyen @SWIs
Buying This Boring Cash Generative Business with 2x Market Growth at 10yr Low Valuation
Market leader in a supply chain management niche, deep moats, limited competition, and accelerating acquisitions extending the 20yr record of growth…
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Trung Nguyen @SWIs
20th Sleep Well Pick - Boring, Anti-fragile, Near 10 year low Valuation
This company has grown revenue for ~100 consecutive quarters, with a 40% free cash flow CAGR in the past 10 years. It is positioned to grow free cash…
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Trung Nguyen @SWIs

May 2025

Sleep Well Portfolio May 2025 Update - No Losers, 64% annualised return per pick, New Pick Tomorrow.
NO LOSERS; 22% Outperformance vs. S&P500. 64% annualised return per pick, 23/24 transactions were correct. New pick coming tomorrow.
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Trung Nguyen @SWIs
3
Wisetech (WTC)'s Step-change Acquisition
56th Acquisition, the biggest yet. Product, Penetration and Profitability accretive?
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Trung Nguyen @SWIs
5
Mercado Libre (MELI)'s Founder CEO Stepping Down
MELI is the largest position in the Sleep Well Portfolio, I discuss the timing and transition plans.
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Trung Nguyen @SWIs
Sea Limited: First Full-Year of GAAP Income
Exceptional execution in Garena, Shopee and 'Monee'. Group grew revenue and Adj. EBITDA by 30% and 136% to an annualized level of ~$20B and ~$3.6B. EV…
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Trung Nguyen @SWIs
Mercado Libre Q1'25: Strong Start, Are Shares Still Cheap To Buy?
Meli reported exceptional Q1’25, despite tariff uncertainties and the perennial geopolitical risks investors have worried about since its founding.
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Trung Nguyen @SWIs
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