Sleep Well Portfolio March 2025 Update
14% Outperformance vs. S&P500. Diversified: 8/11 are non-US, Growing profitably: 23% ROIC, 70% reinvestment rate, High cash buffers: 10/11 are net cash. Volatile month. Bought three stocks.
Hi, I am Trung. I deep-dive into market leaders that passed my sleep-well checklist. I follow up on their performance with my Thesis Tracker updates, and when the right price comes, I buy them for the Sleep Well Portfolio, which I am building for my daughters to redeem in 2037. I disclose my reasoning for all BUY and SELL (ideally never). Access all content here.
Good morning, sleep-well owners,
Given the ongoing tariff war, March was very volatile. But, Sleep Well Portfolio is well prepared as it is diversified across:
5 Continents: N. America - 3, Europe - 3, Asia -2, Australia - 1, S. America - 1.
8 Industries: life science, cyber security, technology, logistics, consumer discretionary, insurance, semiconductors.
Customers: large enterprises, SMEs, consumers, and governments.
Products: physical goods, services, royalties, use-base, per seat, long-term contracts
Business models: platforms, licensing, product-as-a-service, fabless manufacturing,
Capital allocation priorities: Six are focused on growth, and four are balanced, with two paying dividends (2% and 5.5%).
I also took the opportunity to add to three positions (one helps logistics companies navigate tariffs and customs!) and published two new sleep-well picks (Naval Engineering Leader, European Centenary Family Business).
Performance was steady:
Sleep Well Portfolio's time-weighted gain per pick was 38% (33% money-weighted).
9/11 made money, only two losers. 18/22 transactions are correct decisions.
2025 Year-to-date return was 3% vs S&P500 -4%: 7% outperformance.
Return from inception was 22% vs. S&P500 8%: 14% outperformance.
Consider becoming an annual premium member to track the Sleep Well Portfolio, transactions, and Sleep Well scores. The link to the Sleep Well Portfolio Spreadsheet is here. For all other write-ups, click here.
Quality > quantity
Trung
Sleep Well Portfolio reviews
How can Sleep Well Investments help you?
High success rate stock picks—38% time-weighted (33% time-weighted).
High-quality research and detailed follow-up. Buy and verify.
Free samples of deep dives, tracking updates, and buy alerts.
Free knowledge of investment framework to help find quality companies and execute with discipline.
Free book reviews on Pulak Prasad’s, Terry Smith's (15% CAGR), Scott Fraser's (19% CAGR), Ralph Wanger's (16% CAGR), and Peter Lynch's (29% CAGR) teaching.
Current portfolio (Mar 2025)
