# Our Monthly Portfolio Update - May 2026 Page: https://stenobird.com/podcast/equity-mates-investing-podcast-55637/our-monthly-portfolio-update-may-2026 Text version: https://stenobird.com/podcast/equity-mates-investing-podcast-55637/our-monthly-portfolio-update-may-2026.md Podcast: [Equity Mates Investing Podcast](https://stenobird.com/podcast/equity-mates-investing-podcast-55637) Published: 2026-05-31T19:05:00+00:00 Episode link: https://shows.acast.com/equity-mates/episodes/our-monthly-portfolio-update-may-2026 Audio file: https://sphinx.acast.com/p/acast/s/equity-mates/e/6a193a334a1ace4f139911a7/media.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/equity-mates-investing-podcast-55637/episodes/our-monthly-portfolio-update-may-2026 Duration seconds: 2036 ## Resource Bryce and Alec open the books on their portfolios after a big month in markets. AI continues to drive returns across the US and Asia, both portfolios saw core holdings run hard, and both made some tough sell decisions. They dig into thesis cards, active management, thematic ETFs, income investing and the challenge of balancing conviction with opportunity cost. In this episode: 00:00 - May: The month of portfolio changes 01:49 - News & markets driving these changes 03:21 - Portfolio performance overviews 05:53 - Bryce’s thesis cards and portfolio sells 12:00 - Ren trims down his individual stocks 15:54 - Active managers vs index ETFs discussion 21:29 - Bryce’s full portfolio breakdown 26:27 - Ren’s full portfolio breakdown Stocks & ETFs mentioned: Vanguard Diversified High Growth Index ETF (ASX: VDHG), Betashares Geared U.S. Equity Fund (ASX: GGUS), Vanguard FTSE Asia ex Japan Shares Index ETF (ASX: VAE), Taiwan Semiconductor Manufacturing Company (NYSE: TSM), Samsung Electronics, SK Hynix, Micron Technology (NASDAQ: MU), CSL (ASX: CSL), Coinbase (NASDAQ: COIN), Betashares S&P 500 ETF (ASX: IVV), Plato Global Alpha Fund, Betashares Geared Australian Equity Fund (ASX: GEAR), Global X Copper Miners ETF (ASX: WIRE), Betashares Gold Bullion ETF (ASX: QAU), Axon Enterprise (NASDAQ: AXON), Bitcoin (BTC), Betashares Wealth Builder Diversified All Growth Geared ETF (ASX: GHHF), Betashares Global Shares ETF (ASX: EXUS), Betashares MSCI Emerging Markets ETF (ASX: BEMG), Betashares Global Royalties ETF (ASX: ROYL), ClearBridge Global Infrastructure Income Fund, Catapult Group International (ASX: CAT), Spotify (NYSE: SPOT), Eli Lilly (NYSE: LLY), Shopify (NYSE: SHOP), QXO (NYSE: QXO), Hims & Hers Health (NYSE: HIMS) Sign up today and save 4 months on any paid Shares… ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/equity-mates-investing-podcast-55637/episodes/our-monthly-portfolio-update-may-2026/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/equity-mates-investing-podcast-55637/our-monthly-portfolio-update-may-2026.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.