To The Moon

𝙅𝙐𝙉𝙀 𝟮𝟬𝟮𝟲 𝙋𝙊𝙍𝙏𝙁𝙊𝙇𝙄𝙊 𝙐𝙋𝘿𝘼𝙏𝙀 Natan YTD: -20.2% S&P500 YTD: +10.0% TOTAL RETURNS (Jan 2022) Natan's portfolio: +78.3% *Benchmark: +41.7% S&P500: +67.6% My positions: $TransMedics Group, Inc.(TMDX)$ $PDD Holdings Inc(PDD)$ $PROCEPT BioRobotics(PRCT)$ $Robinhood(HOOD)$ $Meta Platforms, Inc.(META)$ $Wizz Air Holdings PLC(WZZAF)$ $Alibaba(BABA)$

I'm considering buying even more $TransMedics Group, Inc.(TMDX)$. I don't feel like I have enough. A price-to-sales ratio below 4 (not even forward) is far below what the business is really worth, and above all it doesn't remotely reflect the medtech average, where you pay that multiple for mid single-digit growth, while TransMedics is growing at 20%.

Natan YTD: -20.4% S&P500 YTD: +7.4% TOTAL RETURNS (Jan 2022) Natan's portfolio: +77.7% *Benchmark: +35.6% S&P500: +63.2% MY POSITIONS: 22.4% $TransMedics Group, Inc.(TMDX)$ 14.5% | $PROCEPT BioRobotics(PRCT)$ 13.7% | $PDD Holdings Inc(PDD)$ 12.6% | $Robinhood(HOOD)$ 10.7% | $Meta Platforms, Inc.(META)$ 7.4% | $WIZZ AIR(WIZZ.UK)$ 6.0% | $Alibaba(BABA)$ 5.7% |

Natan YTD: -16.9% S&P500 YTD: +10.7% TOTAL RETURNS (Jan 2022) Natan's portfolio: +85.7% *Benchmark: +46.4% S&P500: +68.3% My positions: $TransMedics Group, Inc.(TMDX)$ $Robinhood(HOOD)$ $PDD Holdings Inc(PDD)$ $Meta Platforms, Inc.(META)$ $PROCEPT BioRobotics(PRCT)$ $Alibaba(BABA)$ $Wizz Air Holdings PLC(WZZAF)$ $PayPal(PY

Natan YTD: -17.2% S&P500 YTD: +10.7% TOTAL RETURNS (Jan 2022) Natan's portfolio: +84.8% *Benchmark: +46.4% S&P500: +68.3% MY POSITIONS: 19.5% | $TransMedics Group, Inc.(TMDX)$ 15.5% | $Robinhood(HOOD)$ 14.8% | $PDD Holdings Inc(PDD)$ 11.3% | $Meta Platforms, Inc.(META)$ 9.5% | $PROCEPT BioRobotics(PRCT)$ 7.7% |$Alibaba(BABA)$ 6.3% | $WIZZ AIR(WIZZ.UK)$ 5.7% |

𝙋𝙊𝙍𝙏𝙁𝙊𝙇𝙄𝙊 𝙐𝙋𝘿𝘼𝙏𝙀 Natan YTD: -17.9% S&P500 YTD: +9.2% TOTAL RETURNS (Jan 2022) Natan's portfolio: +83.2% *Benchmark: +43.5% S&P500: +66.0% MY POSITIONS: 19.4% | $TransMedics Group, Inc.(TMDX)$ 16.7% | $PDD Holdings Inc(PDD)$ 12.2% | $Robinhood(HOOD)$ 11.0% | $Meta Platforms, Inc.(META)$ 9.8% | $PROCEPT BioRobotics(PRCT)$ 8.1% | $Alibaba(BABA)$ 7.3% | $PayPal(PYPL)$ 5.9% |

$iShares U.S. Medical Devices ETF(IHI)$ down 20%+ YTD looks like a clear overreaction. Naturally, I started thinking about what’s worth buying here. $Boston Scientific(BSX)$ and $Abbott Laboratories(ABT)$ are cheaper vs history, no doubt. But do they compound at 20% over the next 5 years? I’m not convinced. If anything, I’d rather pay up for the highest quality name $Intuitive Surgical(ISRG)$, even after a 30% drawdown from highs. That said, I keep coming back to my highest conviction names: $TransMedics Gr

1 It wasn’t easy to lose almost 20% since the beginning of the year, but I managed it. Change strategy? Absolutely not. I’m still outperforming the index over the long term, and I’m convinced that the stocks I own are worth much more than their current prices. No FOMO. $S&P 500(.SPX)$ 2 The funny part is that the stock that performed best during this selloff was $Moderna, Inc.(MRNA)$, which went 2x. Why? I honestly don’t know, especially considering that, among all of them, it’s probably the one that reported the weakest numbers. In the short term, the market increasingly feels like a roulette wheel. 3 My portfolio is experiencing its biggest drawdown in the last 3 year

MY PORTFOLIO 5Y PRICE TARGET: $348 - 3.1x | $TransMedics Group, Inc.(TMDX)$ $351 - 3.6x |$PDD Holdings Inc(PDD)$ $223 - 2.6x | $Robinhood(HOOD)$ $1628 - 2.4x | $Meta Platforms, Inc.(META)$ $298 - 2.2x | $Alibaba(BABA)$ $148 - 2.9x | $PayPal(PYPL)$ $87 - 3.6x| $PROCEPT BioRobotics(PRCT)$ £2950 - 3.4x | $WIZZ AIR(WIZZ.UK)$ $88

𝙋𝙊𝙍𝙏𝙁𝙊𝙇𝙄𝙊 𝙐𝙋𝘿𝘼𝙏𝙀 Natan YTD: -7.8% S&P500 YTD: +4.7% TOTAL RETURNS (Jan 2022) Natan's portfolio: +105.8% *Benchmark: +41.2% S&P500: +59.1% MY POSITIONS: 20.6% | $TransMedics Group, Inc.(TMDX)$ 15.8% | $PDD Holdings Inc(PDD)$ 12.9% | $Robinhood(HOOD)$ 11.2% | $Meta Platforms, Inc.(META)$ 9.1% |$Alibaba(BABA)$ 7.7% | $PayPal(PYPL)$ 6.4% | $PROCEPT BioRobotics(PRCT)$ 4.9% |