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Portfolio Snapshot
Created on: 2026-04-04
AssetNext
PRO
Full analysis
Top-3 concentration
Elevated
Top 3 holdings represent 72% of portfolio weight.
Effective N
~5.0 holdings
The portfolio behaves roughly like 5.0 equally sized positions.
How the holdings usually behave
Strongly driven by growth stories
A large share of holdings reacts sensitively to changing growth expectations. Prices can move more than the underlying business.
1
Summary
- •Structural concentration is elevated (Top 3 = 72%)
- •Covered holdings show growth-tilted characteristics
- •Volatility exposure remains above-average within analyzed share
2
Holdings & Structure
Coverage by value
100%
of portfolio value
Holdings
6/6
Holdings
These signals are derived from the covered holdings in this portfolio.
6 of 6 holdings fall within the AssetNext analysis universe.
Holdings
MSFT — 25.4%
Largest position represents a significant share of portfolio value.
Holdings
Top 3 concentration: 72%
| # | Holdings | Name | By value | Similar-company | Coverage |
|---|---|---|---|---|---|
| 1 | MSFT | Microsoft Corporation | 74 | Full coverage | |
| 2 | NOW | ServiceNow, Inc. | 38 | Full coverage | |
| 3 | AMZN | Amazon.com, Inc. | 52 | Full coverage | |
| 4 | SAP.DE | SAP SE | 52 | Full coverage | |
| 5 | CRM | Salesforce, Inc. | 46 | Full coverage |
Peer scores show how your holdings stack up against genuinely similar companies — not just against a random sector bucket.
3
Structural Profile
This block shows the portfolio’s basic shape — without comparing it to an index.
Base pattern
A few big positions do most of the work
A lot of weight sits in a few names. That makes the portfolio more dependent on single stocks than on real diversification.
How strong that is
Extreme
What is driving it
- Top-3 share is high: 72%
- Only about 5.0 real return drivers
- Price and business are drifting further apart
- The market is only giving this limited support right now
4
What that likely means for you
With 72% in the top 3 holdings and effective breadth of 5.0, this portfolio depends heavily on a few names. They drive the result.
Core message
How the portfolio is built shapes how it behaves.
This portfolio depends heavily on a small number of holdings. That means it can behave very differently from a broad market index.
What usually follows from that
- If one of the dominant positions (e.g. a >20% weight) weakens materially, portfolio-level drawdowns will be amplified.
- If several independent drivers weaken at the same time, the portfolio has limited internal diversification to absorb the impact.
- If the broad market advances, this portfolio will often lag broader index performance because market confirmation is structurally low.
- If sentiment or narrative support weakens, returns will adjust more abruptly due to elevated gap between price and business.
5
Closest comparison index
This is only an outside comparison. You do not need it to understand the portfolio itself.
Closest comparison index: Nasdaq 100
Fit
Medium
Why this comparison index
A significant share of holdings aligns with the Nasdaq 100 universe.
This index is only here for comparison. It is not a recommendation.
6
Portfolio vs Nasdaq 100 Behaviour
This block shows how your portfolio looks compared with Nasdaq 100.
How the portfolio looks versus the index
Much more concentrated than the comparison index
Compared with Nasdaq 100, this portfolio is built much more tightly. A few holdings move the result far more than in the index.
Compared to Nasdaq 100, this portfolio shows higher Price-business gap and lower Market Confirmation.
How strong that is
Extreme
What makes it different from the index
- Top-3 share is high: 72%
- Only about 5.0 real return drivers
- Getting less market support than Nasdaq 100
- Price and business are drifting further apart
Market Confirmation
Lower
Market Confirmation is lower than in the Nasdaq 100 profile.
Portfolio: 30
Nasdaq 100: 66
Top-3 concentration
Higher
Top-3 concentration is above the level of Nasdaq 100.
Portfolio: 72%
Nasdaq 100: 37%
Price-business gap
Higher
Price-business gap is higher than in the Nasdaq 100 profile.
Portfolio: 96
Nasdaq 100: 79
Effective N
Lower
Effective breadth is below the level of Nasdaq 100.
Portfolio: 5.0
Nasdaq 100: 14.5
Volatility dependence
Similar
Volatility dependence is broadly similar to the Nasdaq 100 profile.
Portfolio: 64
Nasdaq 100: 57
7
What the market is saying right now
Strongly driven by growth stories — price and business reality do not always move together.
This shows whether recent market action is backing the basic pattern of your holdings — or pushing against it.
A large share of holdings reacts sensitively to changing growth expectations. Prices can move more than the underlying business.
Stab
Stability
Price stability relative to own history
38
Vol
Volatility dependence
Sensitivity to shifting volatility regimes
64
Mrkt
Market Confirmation
Trend and relative strength behaviour
30
Grow
Growth Sensitivity
Sensitivity to growth expectations
89
Cyc
Sensitivity to the economic cycle
Sensitivity to macro cycles
66
Divg
Price-business gap
Extent of price-fundamental decoupling
96
8
What changes would likely do
This block shows what typical changes in the portfolio build would likely do. It describes consequences, not buy or sell actions.
CHANGES THAT WOULD MATTER MOST
1
Less gap between price and business reality
REPRICING DEPENDENCE
→ Makes the portfolio less dependent on changing narratives
Lowers dependence on narrative-led decoupling between price and core fundamentals.
Trade-off — May reduce asymmetric upside if gap resolves positively.
2
Less dependent on growth hype
REPRICING DEPENDENCE
→ Reduces pressure from shifting expectations
Decreases exposure to valuation compression and downward revisions in growth assumptions.
Trade-off — Reduces participation in strong growth-driven upside cycles.
3
Less weight in a few big positions
DIVERSIFICATION
→ Makes the portfolio less dependent on single names
Largest holdings carry disproportionate weight in portfolio outcomes. Reducing single-position dominance lowers idiosyncratic shock exposure.
Trade-off — May reduce impact of high-conviction positions in favourable conditions.
4
More help from the broad market
ALIGNMENT
→ Links the portfolio more closely to broad market moves
Increases co-movement with index-level sponsorship and reduces isolated core positioning.
Trade-off — May dilute holdings with strong core profiles that are temporarily out of favour.
9
All Holdings
| # | Ticker | Name | Weight | Similar-company | Shares | Value | Currency | Coverage |
|---|---|---|---|---|---|---|---|---|
| 1 | MSFT | Microsoft Corporation | 74 | — | 5,560.00 | EUR | Full | |
| 2 | NOW | ServiceNow, Inc. | 38 | — | 5,170.00 | EUR | Full | |
| 3 | AMZN | Amazon.com, Inc. | 52 | — | 5,112.00 | EUR | Full | |
| 4 | SAP.DE | SAP SE | 52 | — | 2,498.00 | EUR | Full | |
| 5 | CRM | Salesforce, Inc. | 46 | — | 1,864.00 | EUR | Full | |
| 6 | FISV | Fiserv, Inc. | — | — | 1,650.00 | EUR | Full |
10
How much the market is backing the portfolio right now
This shows whether current price action is backing the profile of your covered holdings — or not.
COVERED BY ALIGNMENT MODEL
92.4%
Market sponsorship across the portfolio is mixed. Structural quality remains the better anchor than current price confirmation.
COVERED DISTRIBUTION
No clear picture
68.8%
Weak profile, market confirms that
23.7%
This is the view of right now. The portfolio’s longer-term basic pattern still matters more.
11
Entry why it matters
This block shows where your buy price and today’s price sit within each stock’s long-term range.
ENTRY DISTRIBUTION
2
lower range
2
mid range
2
elevated range
CURRENT VS ENTRY
4
today higher
1
similar
1
weaker
ELEVATED ENTRY, NOW WEAK
1 / 6
Most positions now sit higher than at entry. 1 elevated entry has deteriorated into a lower zone.
FISV
Elevated entry, now lower
Buy
170.00 EUR
Now
56.09 EUR
Since buy
-67.0%
10.0-yr range
92th at entry → 9th now
050100
SAP.DE
Low entry, now much higher
Buy
70.00 EUR
Now
139.38 EUR
Since buy
+99.1%
10.0-yr range
6th at entry → 77th now
050100
AMZN
Mid-range entry, now higher
Buy
100.00 EUR
Now
238.38 EUR
Since buy
+138.4%
10.0-yr range
42th at entry → 99th now
050100
NOW
Elevated entry, now lower
Buy
300.00 EUR
Now
83.00 EUR
Since buy
-72.3%
10.0-yr range
99th at entry → 46th now
050100
CRM
Low entry, now higher
Buy
80.00 EUR
Now
164.96 EUR
Since buy
+106.2%
10.0-yr range
7th at entry → 45th now
050100
MSFT
Mid-range entry, now higher
Buy
200.00 EUR
Now
370.87 EUR
Since buy
+85.4%
10.0-yr range
44th at entry → 78th now
050100
Entry why it matters compares your buy price and today’s price with each stock’s long-term range. It shows how good or bad your entry looked historically — not what happens next.
This analysis describes the basic pattern and historical behaviour of the covered part of your portfolio. It is not investment advice.