Latest Trades
Stay up to date on recent changes within the CCM Active Equity portfolio. Each update includes a summary of recent buys and sells, the investment rationale behind each change, and the broader themes driving portfolio decisions.
Most Recent Update
Date: January 14, 2025
Portfolio Activity: 2 Buys | 2 Sells
Primary Theme: AI infrastructure and rising power demand
Buys
GEV | GE Vernova
Nuclear, natural gas, and power infrastructure exposure.
TLN | Talen Energy
Power generation exposure tied to data center demand.
Sells
EMR | Emerson Electric
Strong performer, but CCM identified better upside opportunities elsewhere.
AMD | Advanced Micro Devices
Sold due to concerns around AI traction and legacy business pressure.
Read Full Trade Commentary
Previous Trade Updates
October 17, 2024 Trade Update
June 17, 2024 Trade Update
April 24, 2024 Trade Update
CCM added GE Vernova and Talen Energy to increase exposure to companies positioned around growing electricity demand, particularly as AI continues to drive data center construction.
GE Vernova provides exposure to several long-term power generation themes, including nuclear energy, natural gas, and electric infrastructure. Talen Energy offers additional exposure to power generation, including trends connected to data center electricity demand.
CCM exited Emerson Electric after strong portfolio performance and sold AMD due to concerns around the company’s ability to gain traction within the current AI spending environment, along with pressure in parts of its legacy business.