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Neptune Global Smaller Companies fund
aroominyork
Posts: 3,538 Forumite
Largest holding: Amazon.com. Well, I guess it's always good to have flexibility.
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Comments
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Other than reading through the exact constraints of the fund, it could be perhaps that the fund invested in Amazon at launch (when share price was around $80 a share) and since then it has grown to become the mammoth it is.
An investment into it now would seem unsuitable for the fund, however if it was from an investment years ago then I think its fine to be there."If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett
Save £12k in 2025 - #024 £1,450 / £15,000 (9%)0 -
I'm sure that's right, George. Just like running a kindergarten full of adults and saying "well, they were kids when they first arrived."0
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aroominyork wrote: »I'm sure that's right, George. Just like running a kindergarten full of adults and saying "well, they were kids when they first arrived."
I guess you can say that, but slightly different context though!"If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett
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Amazon IPO, 1997.george4064 wrote: »it could be perhaps that the fund invested in Amazon at launch (when share price was around $80 a share) and since then it has grown to become the mammoth it is.
Neptune fund launch, 2007.0 -
aroominyork wrote: »Amazon IPO, 1997.
Neptune fund launch, 2007.
http://www.macrotrends.net/stocks/charts/AMZN/market-cap/amazon-inc-market-cap-history
Also, the fund may have launched from a rollover of another fund. So it may have 'inherited' the shares from the previous fund's portfolio."If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett
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You're really scraping the barrel, George. By the way, price at launch was $18 not $80 but that's irrelevant anyway - it's market cap that counts.0
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aroominyork wrote: »You're really scraping the barrel, George. By the way, price at launch was $18 not $80 but that's irrelevant anyway - it's market cap that counts.
Apologies if my post wasn't clear, when I said 'invested at launch' I meant the launch of the fund."If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett
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At £1.3 million it's a very small fund itself, might only have a few hundred investors0
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Fancy a side bet on that? I'd go with them using the flexibility to invest "mainly in up to 80 small and medium-sized companies". (My italics.)george4064 wrote: »Apologies if my post wasn't clear, when I said 'invested at launch' I meant the launch of the fund.0 -
It was called Neptune Global Special Situations until 2016.
Currently has about £50k Amazon stock having sold £122k in the last quarter. Clearly a change in focus is ongoing.0
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