Portfolio Update: What I Am Buying On Monday

Full transparency in the Emerging Moats portfolio

After some personal deliberation, I have decided how I will update Emerging Moats subscribers on my investments. Please note that this portfolio represents my entire life savings, excluding personal and business working capital. This is not a hypothetical account.

Every Friday morning, paid subscribers will receive my latest research note. After publishing, I will decide whether I want to make any changes to the portfolio. If I do, a brief email will be sent on Saturday morning outlining my trades for the upcoming Monday. Given my trading habits, expect these about once a month, depending on market conditions. You may not receive one for three months.

Some of you may not be interested in my trades/allocation and simply want the stock research. That is fine. Ignore these emails. However, I want to operate with full transparency and never inadvertently put subscribers at a disadvantage, even though I know longtime readers/listeners trust us, and the easiest way to do this is by always saying what I am going to do before I do it. Simple.

In late 2025, I deposited a nice slug of money into my brokerage account, and I am now holding over 10% in cash. I see opportunities for trades in the Emerging Moats stock universe.

With that being said, here is what my long portfolio looks like as of this writing: