Portfolio under review: March 2026 summary

March 2026 was a volatile and ultimately negative month for global markets, driven by macroeconomic uncertainty, geopolitical tensions around Iran, profit-taking in the technology sector, and renewed concerns about interest rates. My USD portfolio – composed of individual stocks, ETFs and cryptocurrencies – returned -2.50% in March, outperforming the S&P 500, which fell -5.09%.

Year-to-date (YTD, Jan 1 – Mar 31, 2026) my portfolio stands at -7.71%, while $^GSPC 500 recorded -4.63%.

I’d rather not talk about my CZK portfolio; after several strong months and years it’s at -3.22% M/M and -4% YTD.

Closed positions:

$NVO (Novo Nordisk) – risky investment closed with a loss of -49%

$NIO (NIO Inc.) – profit target reached, gain +30%

$EIX (Edison International) – profit target reached, gain +28%

$DELL (Dell Technologies) – profit target reached, gain +35%

$CVX (Chevron Corporation) – closed 4 positions with an average gain of +39%

Newly opened positions:

$BABA (Alibaba Group) – entry at 132 USD

$BA (Boeing) – entry at 210 USD

$META (Meta Platforms) – entry at 544 USD

$RR.L (Rolls-Royce Holdings) – entry at 1172 GBP

I also continued regular Wednesday purchases of cryptocurrencies ($BTC, $ETH, $ADA) as part of my DCA strategy.

All proceeds from holding and selling assets are either reinvested or held as free cash waiting for the right opportunity.

The portfolio remains well diversified with an approximate allocation of 80% equities / 3% ETFs / 17% crypto and a relatively low correlation to the S&P 500.

Why the current portfolio composition makes sense (medium to long term):

Broad diversification across quality stocks, ETFs and crypto provides resilience even in tougher periods

Exposure to structural trends (AI, digital advertising, cloud, blockchain) supports the potential for higher performance

Discipline in risk management – controlled position sizing, a cash reserve and regular rebalancing

Long-term potential thanks to companies with strong free cash flow and assets with significant network effects

Main risks for the coming weeks and months:

Macroeconomic uncertainty and central bank actions may trigger further volatility

Risk of an oil shock in case of escalation or non-resolution of the conflict with Iran

Regulatory pressure on big tech and cryptocurrencies (especially in Europe and Asia)

Sector concentration – potential slowdown among AI/tech leaders

High volatility in cryptocurrencies, which can amplify portfolio moves in both directions

Overall, March 2026 confirmed that the portfolio is (hopefully) well positioned for a medium- to long-term horizon. Active allocation and the crypto component should provide relative resilience to the risks mentioned and potentially higher performance compared to the S&P 500.

How do you view the current portfolio allocation? Would you add more crypto, or would you rather stay more in traditional stocks?

You can find the English version of this post on my eToro profile. If you'd like to follow me there or possibly copy my USD portfolio, I’d be happy!