Jun-20 (long-only) portfolio/research update. +0.5% (£) in Jun, +1.1% YTD; +32.9% since 2019. Lost 310 bps outperformance in Q2 from overweight financials, over-caution on "expensive" stocks, double-digit cash. New $CHTR holding, reduced $CMCSA. 16.5% cash https://t.co/8HvOYOYn0m https://t.co/AvFvQSDMz0