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Bullseye's avatar

Why not monster yields like HAUTO or WAWI?

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Sigbjørn Hovda's avatar

Great question! I definitely looked at names like HAUTO and WAWI – the yields are tempting. That said, I chose to leave them out mainly due to cyclicality, uncertainty around upside potential, and a risk/reward profile I’m less comfortable with right now.

Shipping isn’t really my focus area, but I did include Stolt-Nielsen, since I feel better about their diversified business mix and overall balance. Oil is also cyclical of course, but I’m more comfortable with the risk/reward at current oil price levels, which is why you’ll see names like Panoro, Petronor, and DNO in the portfolio.

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Bullseye's avatar

This will at the very least win any coolest portfolio name competition in 2025.

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Sigbjørn Hovda's avatar

Haha, appreciate that! I actually did consider calling it the Freyr Portfolio at first – you know, god of abundance, harvest, sunshine, all that good stuff.

But then I remembered Freyr Batteries and thought… maybe not the best vibes for a portfolio focused on steady cash returns 😅

So I went with his golden boar instead. Same mythology, better track record.

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