Portfolio Update: Why I Just Sold Rocket Lab and Reallocated Into a Once-in-a-Decade Opportunity
Today, I want to share an important portfolio move with you: I have fully exited my position in Rocket Lab.
I initially built my position at an average price of around $44 and sold at an average price of approximately $70. That represents a gain of roughly 59%.
From an investment standpoint, this was a very successful trade.
More importantly, however, it was a disciplined capital reallocation decision.
Let me be very clear about one thing first.
Rocket Lab remains an outstanding company.
Peter Beck is a world-class engineer and founder. The team is highly focused, deeply technical, and relentlessly execution-driven. They are grinding every day, heads down, delivering real progress in one of the most difficult industries on earth.
In my view, Rocket Lab is still a potential $100 billion company in the making.
Yes, one can debate valuation. Yes, space is a brutal business. Yes, there will be volatility. But from a technological and operational perspective, this is a tremendous company.
Under normal circumstances, this is exactly the type of business I like to hold for many years.
However, every once in a while, markets produce rare situations.
Situations where external shocks, headline-driven panic, or temporary uncertainty create unusually attractive risk-reward setups in businesses that you already know extremely well.
These situations do not happen often.
Maybe once or twice in a decade.
Right now, one of my core holdings is going through exactly such a phase.
Two overlapping external shocks have created fear, confusion, and negative headlines. None of them are about the underlying business quality. All of them are about perception, timing, and uncertainty.
This is precisely the environment where long-term capital is built.
That is why I decided to free up capital.
That is why I sold Rocket Lab.
As a result, my portfolio is now no longer a four-stock portfolio. It is currently a focused three-stock portfolio.
And this is fully intentional.
Concentration is not about being reckless. It is about recognizing rare opportunities and acting decisively when they appear.
If you are serious about building long-term wealth, free content is not enough.
Here, you see how I actually allocate capital.
What I buy.
When I buy.
Why I buy.
Paid members get the full picture in real time.
If you want to invest with clarity, conviction, and discipline, join FJ Research.
Build alongside me.
Everything beyond this point is reserved for paid members. 🔒
