November recap

November 2025 Recap November closed on a minus with -3% , YTD 30% AUC surpassed $330k with 49 copiers (new 4) onboard! Dividend yield of portfolio at solid 4.0%, paying out 500 USD+ (that is 0.8% annual positive impact) . The portfolio diversified with 75 stocks. Key investments partially sold but continue to be $XNET (Xunlei Ltd-ADR), $TNK (Teekay Tankers Ltd) and $ETOR. The dip is Nov due to correction on $XNET and drops on Chinese lenders ($FINV, $QFIN (Qifu Technology Inc) -20%) with $CMCX (CMC MARKETS PLC) growing +80% and Pharma still on the rise and helping maintain the edge against VTI. Cash position doubled to 10%+ with $HLI (Houlihan Lokey Inc.), $RIGL (Rigel Pharmaceuticals Inc) joining the investments. P/E ratio flat at 11.