Welcome to the Two Crows Week#2 portfolio picks for January 2024. My work situation has been a little more volatile than expected (read: if you’re in need of a contract/freelance software developer with a background in Finance, feel free to reach out), so commentary around our January stock picks for DKK, INR, NOK and SEK will be the most brief yet.
Monthly trade commentary
No new positions to comment on, merely topping up existing positions where prices present an opportunity. The INR portfolio stands in stark constrast to the Nordic ones, in that
there are HUNDREDS of Indian stocks with incredible economic performance (measured in high Returns on Equity, Returns on Capital, high levels of profitability and operating margins and so on), whereas
there are a mere handful of “Two Crows-investable” companies in Denmark, Norway and Sweden, when held against the same investment criteria.
For the most part, the Nordic portfolios are almost set-n-forget, in that the same few familiar companies score highly month after month, with only price fluctuation acting as a lever to tip a given stock in-or-out of the selection rankings.
With that to mull on, on to this month’s stock selections for the Two Crows Systematic DKK, INR, NOK and SEK “Week#2” portfolios.
Monthly Trades for DKK, INR, NOK and SEK
DKK denominated stocks (500 000 DKK + divs/sales)
BUY AOJ-B.CO - Brødrene A & O Johansen A/S: 823 shares @ $76.6
BUY CBRAIN.CO - cBrain A/S: 354 shares @ $178.2
BUY CHEMM.CO - ChemoMetec A/S: 124 shares @ $509
BUY GMAB.CO - Genmab A/S: 40 shares @ $1592.5
BUY NETC.CO - Netcompany Group A/S: 183 shares @ $343.6
BUY RBREW.CO - Royal Unibrew A/S: 126 shares @ $499.2
BUY RILBA.CO - Ringkjøbing Landbobank A/S: 51 shares @ $1226
BUY SYDB.CO - Sydbank A/S: 162 shares @ $390
INR denominated stocks (5 000 000 INR + divs + sales)
BUY ADVAIT.BO - Advait Infratech Ltd: 19 shares @ $1527.25
BUY ANANDRATHI.BO - Anand Rathi Wealth Ltd: 7 shares @ $3904.6
BUY ANGELONE.BO - Angel One Ltd: 10 shares @ $2760.6
BUY ARIHANTCAP.NS - Arihant Capital Markets Ltd: 282 shares @ $102.19
BUY CNCRD.BO - Concord Control Systems Limite: 17 shares @ $1717.5
BUY CREATIVE.NS - Creative Newtech Ltd: 31 shares @ $939.55
BUY EMSLIMITED.BO - EMS Ltd: 35 shares @ $834.7
BUY HINDOILEXP.BO - Hindustan Oil Exploration: 150 shares @ $192.2
BUY KFINTECH.BO - KFin Technologies Ltd: 20 shares @ $1476.3
BUY KPITTECH.BO - KPIT Technologies Ltd: 20 shares @ $1473.1
BUY KSOLVES.BO - Ksolves India Ltd: 30 shares @ $959.4
BUY LTTS.BO - L&T Technology Services Ltd: 6 shares @ $4876
BUY NATCOPHARM.BO - NATCO Pharma Ltd: 22 shares @ $1326.6
BUY NETWEB.BO - Netweb Technologies India Ltd: 10 shares @ $2831.35
BUY PRUDENT.BO - Prudent Corporate Advisory: 11 shares @ $2727.05
BUY SGRL.BO - Shree Ganesh Remedies Ltd: 45 shares @ $638
BUY VBL.BO - Varun Beverages Ltd: 47 shares @ $617.95
NOK denominated stocks (500 000 NOK + divs/sales)
BUY BELCO.OL - Belships ASA: 1904 shares @ $20.2
BUY BOUV.OL - Bouvet ASA: 495 shares @ $77.7
BUY CAMBI.OL - Cambi ASA: 2564 shares @ $15
BUY DOFG.OL - DOF Group ASA: 423 shares @ $91
BUY HAFNIO.OL - Hafnia Ltd: 603 shares @ $63.8
BUY MULTI.OL - Multiconsult ASA: 194 shares @ $198.5
BUY NKR.OL - Nekkar ASA: 3982 shares @ $9.66
BUY NORBT.OL - Norbit ASA: 404 shares @ $95.3
BUY NORCO.OL - Norconsult ASA: 885 shares @ $43.45
BUY RANA.OL - Rana Gruber ASA: 518 shares @ $74.2
BUY SALM.OL - SalMar ASA: 71 shares @ $541
BUY SMCRT.OL - SmartCraft ASA: 1317 shares @ $29.2
BUY SVEG.OL - Sparebanken Vest: 274 shares @ $140.44
SEK denominated stocks (500 000 SEK + divs/sales)
BUY ANOD-B.ST - Addnode Group AB: 331 shares @ $100.8
BUY BONEX.ST - Bonesupport Holding AB: 84 shares @ $398.6
BUY CAMX.ST - Camurus AB: 57 shares @ $589
BUY FNOX.ST - Fortnox AB: 461 shares @ $72.36
BUY GENI.ST - Generic Sweden AB: 567 shares @ $58.8
BUY GENO.ST - Genovis AB (publ.): 1344 shares @ $24.8
BUY HMS.ST - HMS Networks AB: 77 shares @ $430.2
BUY HTRO.ST - Hexatronic Group AB: 902 shares @ $36.95
BUY INVE-B.ST - Investor AB: 112 shares @ $297.7
BUY IVSO.ST - Invisio AB: 124 shares @ $268.5
BUY LIME.ST - Lime Technologies AB: 94 shares @ $356.5
BUY RVRC.ST - RVRC Holding AB: 822 shares @ $40.54
BUY SDIP-B.ST - Sdiptech AB: 144 shares @ $232
BUY TEQ.ST - Teqnion AB: 192 shares @ $173.4
BUY TRUE-B.ST - Truecaller AB: 663 shares @ $50.25
As always, thanks for reading, and please feel free to get in touch if you’re interested in systematic investment and modelling.