Our Monthly Portfolio Update - April 2026
5/3/202636 min
Bryce and Alec are back with their May portfolio update, looking back on April’s performance across their core ETFs, satellite stocks, income sleeve, crypto and active managers. It’s a strong month on paper, but the real story is underneath the surface: Spotify’s sharp post-earnings drop, TSMC’s monster quarter, and Alec’s growing conviction that infrastructure could play a bigger role in an income-focused portfolio.
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In this episode:
00:00 – Welcome back: April portfolio review and what’s on the agenda
01:26 – Bryce’s portfolio: core ETFs, satellite positions and active managers
07:28 – Alec’s portfolio: DCA, income sleeve and infrastructure ideas
17:32 – Reporting season begins: why US earnings matter for their portfolios
17:52 – TSMC deep dive: AI demand, margins and valuation
22:58 – Spotify earnings recap: strong numbers, weak market reaction
25:26 – Four-step stock checklist: is Spotify still a hold?
34:06 – What’s next: upcoming earnings, thesis reviews and portfolio decisions
Stocks and ETFs mentioned in this episode: Spotify (NYSE: SPOT), TSMC (NYSE: TSM), Pro Medicus (ASX: PME), Alphabet (NASDAQ: GOOGL), Coinbase (NASDAQ: COIN), Axon (NASDAQ: AXON), Hims & Hers Health (NYSE: HIMS), Eli Lilly (NYSE: LLY), Macquarie Group (ASX: MQG), WiseTech Global (ASX: WTC), Nvidia (NASDAQ: NVDA), Walmart (NYSE: WMT), Apple (NASDAQ: AAPL), Intel (NASDAQ: INTC), Transurban (ASX: TCL), Global X US Infrastructure Development ETF (ASX: PAVE), Vanguard Diversified High Growth Index ETF (ASX: VDHG), iShares S&P 500 ETF (ASX: IVV), BetaShares Geared US Equity Fund (ASX: GGUS), BetaShares Geared Australian Equity Fund (ASX: G200), BetaShares Global Banks Currency Hedged ETF (ASX: BNKS), ClearBridge Global Infrastructure Income Fund (ASX: CIIH)
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Clips
Transcript preview
First 90 secondsAlec Renehan· Host0:00
[beep] Everything you're about to hear is for education and entertainment purposes only. Whilst we are licensed, we're not aware of your personal financial circumstances. Any advice is general advice. Equity Mates operates under Australian Financial Services License 540697.
Bryce Leske· Host0:15
Every month, we sit down to review our portfolios in detail, what changes we've made, how it's performing, and what we're gonna do over the coming month.
Alec Renehan· Host0:22
[upbeat music] Equity Mates.
Bryce Leske· Host0:24
Welcome to Equity Mates Investing, a show where we explore what's possible in the world of investing. If you've just joined us for the first time, a huge welcome to our community. My name is Bryce, and as always, I'm joined by my equity buddy, Ren. How are you going?
Alec Renehan· Host0:38
I'm very good, Bryce. Very excited for this episode. I feel like we're getting into a pretty good rhythm with our monthly portfolio updates now.
Bryce Leske· Host0:45
Comes around quick.
Alec Renehan· Host0:45
[laughs] This is the update for May- Yeah ... for looking back on the month of April.
Bryce Leske· Host0:51
Yeah.
Alec Renehan· Host0:51
And so what, this is the fifth time we've done this?
Bryce Leske· Host0:53
Thereabouts.
Alec Renehan· Host0:54
Yeah. I feel like we've got some good stuff to talk about today. We're gonna talk about ETFs.
Bryce Leske· Host0:58
Yeah We're gonna talk about, uh, active managers, and we're gonna talk about individual stocks. Yeah.
Alec Renehan· Host1:03
We're gonna run the whole gamut.
Bryce Leske· Host1:04
Nothing goes under the radar.
Alec Renehan· Host1:04
Nothing goes in the portfolio- [laughs] ... without us talking about it on the show.
Bryce Leske· Host1:07
[laughs] Oh, wow. Yes. Now, before we jump into it, a huge thank you goes to Sharesight, who are supporting this series throughout the year. Sharesight is the platform that we use to track our portfolio. It brings in all of the positions that we have across the brokers that we use, the different types of investment platforms, and makes it super easy to get a view on how it's performing all into one spot.
Alec Renehan· Host1:29
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