04-09-2020, 01:40 PM
Sold out of my position in Thor Industries (THO) and trimmed my DLR position by roughly 20% as it sits near all-time highs.
Used the proceeds to add roughly 50% to my Watsco (WSO) and tripled my position on 3M (MMM).
After the trade DLR is still my largest holding at a more than 2X weighting, while WSO and MMM are now roughly equal weight.
Thought I'd take advantage of the big pop in THO the last few days to exit. Not a fan of its BB- credit rating in the current economic environment.
Picked up a bit over 1% in yield with the trades.
Used the proceeds to add roughly 50% to my Watsco (WSO) and tripled my position on 3M (MMM).
After the trade DLR is still my largest holding at a more than 2X weighting, while WSO and MMM are now roughly equal weight.
Thought I'd take advantage of the big pop in THO the last few days to exit. Not a fan of its BB- credit rating in the current economic environment.
Picked up a bit over 1% in yield with the trades.