General Body Meeting of 3/22/24: Market Update & Sell Pitches

The Friday, March 22nd meeting reviewed the market news over the last three weeks. Lorenzo Marsili ’27 and Husdon Pace ’27 presented this week’s market headlines, including the Reddit IPO, Wednesday’s Fed Meeting notes, and the surge in Micron Technology. Early March news overviewed JetBlue, the Nvidia surge, and Bitcoin’s all-time high on March 14th.

Daniel Colden ’26, Michael Bell ’25, and Financials Analyst Hasnat Aslam ’27 conducted sell pitches for Nvidia, Solaredge Technologies, and Kyndryl Holdings. The sell pitch thesis revolved around reducing Nvidia’s exposure to less than 6% as per the portfolio regulations as well as increasing available cash by selling all shares in Solaredge Technologies and Kyndryl Holdings. All three sell pitches went through, reducing Nvidia’s exposure and selling all positions in Solaredge Technologies and Kyndryl Holdings.

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