Do you believe?
2026 Q2: Checking in on Terravest, Constellation Software and Amazon.com
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In this write-up, I tour my 3 largest positions: Terravest, Constellation Software and Amazon. For each, I state my thesis, consider recent developments, highlight capital allocation decisions, and share what would cause me to sell. I also include market caps and multiples and links to any prior posts I’ve published about the business / stock.
Terravest
Constellation
Amazon
Closing thoughts. Do you believe?
This is a new format for me; I hope you enjoy!
Programming note. I provide view access to this GSheet where I organize my portfolio and watchlist to yearly subscribers of this blog, link (again)