My Portfolio / Every company I’ve owned /
$AXON · Axon
My position since Jan 2023 · 5 buys and 2 sells · still held · Defence
What the pick did
2.2×
The stock in pounds, while I held it; 2.4× in dollars
S&P 500, same time1.9×
What my money did
1.8×
Pounds back (sold, still held and dividends) for every pound in, after costs
Sold · 42% of the money in2.8×
Still held · 58% of the money in1.1×
S&P 500, same buys and sells1.3×
Every decision
- 29 May 2026Bought
Restarted accumulating this leader. Valuation seems reasonable, well positioned in anti-drone which will be increasingly important, and still early in the international growth story
- 7 October 2025Sold
Trimming due to valuation (43% cash flow growth needed), plus excessive stock-based comp, over 20% of revenues!
- 21 January 2025Sold
Trimming due to valuation (38x gross profit)
- 25 September 2024Bought
No note
- 13 February 2024Bought
High conviction position, happy to increase to over 3% allocation
- 15 May 2023Bought
No note
- 3 January 2023Bought
Solid growth with massive moat
On the podcast and in writing
In percentages and multiples, as one portfolio. Past performance is not a guide to future returns. Nothing here is financial advice, and I may buy or sell at any time.