Would you trim Celestica a bit if it has become your largest holding?

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Hypothetically speaking, would you take some profits from your CLS position to invest elsewhere if you realized that said position was now worth 40% more than your next highest holding and was now 7% of your portfolio?
Also, if due to the performance of the TSX recently, your holdings were split 50/50 Canadian and U.S. companies, would you take the CLS profits and put them in your U.S. holdings to try to bring the ratio back closer 60/40?

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Asked on September 11, 2025 7:20 am
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First off, congrats on the Celestica position. Been a great company over the last 3-4 years.

Trimming is all a matter of personal preference and comfortability. Judging by your commentary, you seem a tad uncomfortable that it is that high, so in this sense, it could make sense for you to trim or maybe even implement a stop loss so that if it does fall a particular amount, you automatically trim it.

I know some people who are uncomfortable with particular holdings being 5% of their portfolio and I know some that don't mind a single company being 30%. So I can't really answer this question, it is solely up to you. What I will say is that if the allocation size and the fear of a pullback is bothering you, just get some peace of mind and trim it.

The second question ,again, comes down to personal preference. Keep in mind as well, over 60% of my portfolio is in "Canadian stocks" but the vast majority of those Canadian stocks have the majority of their business in the United States.

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Posted by Dan Kent
Answered on September 11, 2025 11:32 am