TIVP050: PORTFOLIO REVIEW: PERFORMANCE AND NEW POSITIONS

W/ DANIEL MAHNCKE & SHAWN O’MALLEY

TIVP050: PORTFOLIO REVIEW: PERFORMANCE AND NEW POSITIONS W/ DANIEL MAHNCKE & SHAWN O’MALLEY

14 December 2025

Daniel Mahncke and Shawn O’Malley review the Intrinsic Value Portfolio after nearly one year of searching for the best opportunities in the market. The goal has been simple: take one company each week, study it in depth, and build a portfolio around the highest-quality ideas.

In this episode, Daniel and Shawn break down the portfolio’s current performance, share updates on existing holdings, and revisit watchlist companies that may now deserve a spot — either because they’ve become cheaper or their outlook has changed.

One current holding will be sold, another will be upgraded to a core position, and one watchlist name will officially join the portfolio.

Join Daniel Mahncke and Shawn O’Malley as they look in the rear-view mirror and reflect on a year of searching for durable, high-quality compounders.

SUBSCRIBE

IN THIS EPISODE, YOU’LL LEARN:

  • How the Intrinsic Value Portfolio performed
  • How we think about Reddit’s price increase
  • What way we found to invest in Ferrari
  • Why Crocs has become even more interesting
  • Why we are bullish on Uber
  • How we think about our retail investments
  • About the similarities between Salesforce and Adobe
  • What we think of Ulta Beauty
  • And much, much more!

TRANSCRIPT

Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.

[00:00:00] Daniel Mahncke: We are 50 episodes into the Intrinsic Value Podcast. Now, every week we invest 40 hours researching companies to find outstanding opportunities and build a portfolio from scratch.

[00:00:11] Shawn O’Malley: And there is obviously some selection bias there. We only choose companies that we find interesting and the first place to cover on the show and, and yet we still say no to about 80% of the companies we cover.

[00:00:21] Daniel Mahncke: Well, as Buffett said, the great thing about investing is that you can choose the times to swing. Today, after almost a year of billing our portfolio, we’ll take a look at how things went, and there’s quite a lot of news today. We will sell one company, enter into another position and add to an existing one.

[00:00:37] Daniel Mahncke: So I would say stay tuned.

[00:00:44] Intro: You are listening to The Intrinsic Value Podcast by The Investor’s Podcast Network. Since 2014, with over 180 million downloads, we’ve learned directly from the world’s best investors. Now we are applying those lessons to analyze businesses and investment opportunities every week, helping you uncover intrinsic value. And now here are your hosts, Shawn O’Malley and Daniel Mahncke.

[00:01:15] Shawn O’Malley: Today we will take a look at our intrinsic value portfolio. And as you may know, the goal of this show is not only to learn about different types of businesses, how to value companies, and really just to generally become a better investor. But we also want to take you on a journey where we build a portfolio from scratch, where we started at a hundred percent cash, where we did the very first episode of this show way back in January, 2025. And so whenever we look at portfolios of super investors, the really inspiration for the show was that we realized they look like finished products. And of course there’s always going to be some change and positions get taken out and new ones come in, but they’re not really showing you how they started from scratch.

[00:02:00] Shawn O’Malley: How did you get from being a hundred percent cash to being fully invested? And so if you invested in the market for 10 years, maybe you hold onto positions that you wouldn’t necessarily buy into now simply due to tax reasons or because of, you know, concerns about realizing paper losses or gains. And as we know, those losses only count when you realize them.

[00:02:21] Shawn O’Malley: But I guess what I’m trying to say is that, on the other hand, if you start from scratch and you don’t have any of these other biases shaping, you know, why things are in their portfolio. Oh, it’s just in there because I have a large unrealized capital gain. Well, that, that’s not very interesting, right? You start to run into the problem of position sizing of, well, is this a 5% portfolio bet?

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

BOOKS AND RESOURCES

NEW TO THE SHOW?

SPONSORS

Support our free podcast by supporting our sponsors:

Paid endorsement. Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Not investment advice. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. Past performance does not guarantee future results, and investment values may rise or fall. See terms of match program at https://public.com/disclosures/matchprogram. Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time.

Disclosure: The Investor’s Podcast Network is an Amazon Associate. We may earn commission from qualifying purchases made through our affiliate links.

CONNECT WITH SHAWN

CONNECT WITH DANIEL

PROMOTIONS

Check out our latest offer for all The Investor’s Podcast Network listeners!

WSB + BFF + RWH Promotions

The Intrinsic Value Newsletter