At the time, The GPT Portfolio was up nearly 9%, taking its total value to more than $54,000.
The tepid weekly performance comes due to the “rough last two weeks,” The GPT Portfolio noted on Twitter.
Why did The GPT Portfolio lose gains?
Notably, The GPT Portfolio’s earlier gains were wiped as a result of heavy weekly losses in some of its holdings.
Specifically, Roku (NASDAQ: ROKU), T Rowe Price Group (NASDAQ: TROW), and chipmaker Micron Technology (NASDAQ: MU) plummeted 16%, 12%, and 11% last week, respectively.
On a positive note, some stocks within The GPT Portfolio still recorded significant gains, most notably ChampionX Corp. (NASDAQ: CHX) and CME Group (NASDAQ: CME), which rose 5% and 8%, respectively.
Other stocks’ performance
Apart from the aforementioned, other significant holdings of The GPT Portfolio include McDonald’s (NYSE: MCD), Chart Industries (NYSE: GTLS), and Microsoft (NASDAQ: MSFT). The GPT Portfolio allocated 10% to each of these stocks.
On the weekly chart, MCD fell around 1.3%, while GTLS and MSFT lost 1.86% and 3.28%, respectively.
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