Smithson Investment Trust

schiff

itwasntme001 said:

I had invested £50k at IPO (not added or sold since).  It has done very well since.  Just wondering if anyone is or has rebalanced into other funds since IPO?  Or has added to it since IPO?  I have some cash to invest and would like to increase exposure to small/mid caps and not sure whether to buy this or something else or sell some of Smithson to rebalance.

You as well as Prism are sitting on a potential profit of £23K which in anybody's reckoning is big money. Hasn't this increase made the overall view of your investments a bit lop-sided? At what stage would you think of taking a slice of profit, assuming you are not likely to dispose of the lot?

Prism

I contribute to my investments every month so try and balance things by adding to the lowest performers, which is mostly why I have never added to Smithson. It has been my best performing fund since 2018 when it launched but is only a few % ahead of the pack so not really out of whack yet. I don't have an absolute fixed allocation % to small and medium companies so quite willing to let it grow. In general I don't top slice.

itwasntme001

Like Prism, my holdings in Smithson have not got way out of control as a proportion of my overall portfolio which is into the 7-figures.  I was just curious whether anyone is taking profits/rebalancing and why given the big run up it has had.  I do not sell just because it has gone up so am looking for a good rationale for people selling the trust so I  can get more informed.  Someone like Prism would have a much better understanding on what makes a good fund manager then I do.  Although I did sell out of Woodford back in 2018 fortunately (and coincidently invested the proceeds into Smithson).