Mon, April 19, 2021 | 5:20PM ET

Q2 2021 Rebalancing of Granny Shots

Name: FS Insight
Price range: $$$

We have just done our quarterly rebalance of our Granny Shots portfolio. The stocks we pick are a combination of our strategic and tactical investment themes. Our strategic themes have a time horizon of three to five years, whereas our tactical themes have one of six to twelve months.This quarter we have made a noticeable adjustment to our portfolio; deleting thirteen names and adding nine.

First we’ll discuss the deletions. We removed:

INTC, KLAC, AMAT, LCRX, and HPQ from the Information Technology sector.
TGT and BBY from the Consumer Discretionary sector.
ATVI from the Communications Services sector.
XOM and VLO from the Energy sector.
GL and RF from the Financial sector.
GE from the Industrials sector.

For the additions we have some strong names in sectors we’ve stayed away from for a while. We’re excited to add:

BIIB, GILD, and REGN from the Health Care sector.
MO from the Consumer Staples sector.
EIX and D from the Utilities sector.
PSX from the Energy sector.
QRVO and SWKS from the Information Technology sector.

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Tom Lee, CFA, the research analyst denoted by an “AC” on the cover of this report, hereby certifies that all of the views expressed in this report accurately reflect his personal views, which have not been influenced by considerations of the firm’s business or client relationships. Neither I, nor a member of my household is an officer, director, or advisory board member of the issuer(s) or has another significant affiliation with the issuer(s) that is/are the subject of this research report. There is a possibility that we will from time to time have long or short positions in, and buy or sell, the securities or derivatives, if any, referred to in this research.

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