We are slightly over our 75% maximum in stocks in CG/B thanks to strong stock performance, so we are trimming our largest position. I am inclined to lighten up absent that catalyst, though. For CG/B, we should always be careful on position size due to the mandate to preserve capital. The position is still quite large, even after the trim.
We are also trimming that same name in Top 20 to buy another stock that is likely to be under pressure tomorrow after reporting today. I am still bullish on this story over the longer term - it's just taking a little longer than I originally expected. Thankfully, perfection isn't required to achieve the kind of success we have enjoyed.
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