There appears to be a rotation into value and a sustained rally for quite a few of my counters that had previously not moved much. As a result, I am still outperforming the S&P500. This provided me an opportunity to tidy up my portfolio by selling into strength.
In particular, I have been holding some ADRs of UK-listed stock since 2016. I have since decided to hold the 'main' stock listed in LSE instead of ADR to avoid paying ADR fees but never got around to selling the ADRs. Thanks to the rally, I have been selling my Vodafone, Prudential, and Aviva ADRs. I hope to rebuy the London-listed versions for cheaper if there is a correction as these are great dividend stocks. In the meantime, I reinvested the cash into S&P500 ETF LSPU.
On the US stock trading front, I exited INTC at $26.10, and bought more NVO, UA, and NKE.
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