September '25 dividend portfolio update: improving performance + resilient quality, but I'm selling one stock
Four of my dividend stocks issued results in August. I remain comfortable with three of them but have decided to sell one from my portfolio.
September brought results from four of my model dividend portfolio stocks. These included:
- A FTSE 250 firm benefiting from the AI boom (bubble?);
- A well-run UK retailer;
- A niche asset manager;
- A small-cap US industrial group.
On the whole, numbers from three of these four were quite satisfactory, at least relative to my expectations. The fourth was poor, but no worse than expected, in my view.
However, as we roll into autumn I've decided to sell one of these stocks from the model portfolio and my own holdings. I've made this decision because I feel that this this stock is no longer likely to be the investment I hoped it would be, for a variety of reasons that I discuss below.
More broadly, I am planning a slight change to the way I manage position sizing and buying/selling in the portfolio. My aim will be to try and increase the portfolio's weighting to a group of stable and well-understood core positions, with smaller starting positions that either gradually become core or are traded out more readily. I'll discuss this in more detail in my Q3 portfolio review (free to read) which will be published in the next week or so.
As a quick reminder, my model dividend portfolio broadly mirrors the shares in my main personal portfolio, although position sizing and cost will vary for practical reasons.
Please note that my comments reflect my personal views and are not investment advice or recommendations. Please do your own research and seek professional advice if needed. Full disclaimer here.
In this month's report
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