Karel Mercx

I’m in London today and tomorrow to learn from the investment specialists at J.P. Morgan Asset Management. Thanks so much for all the reactions to the first positions I’ve shared from my portfolio — your support really motivates me to keep going! After these two days at https://t.co/z4Ur4Nbgfr

Karel Mercx @KarelMercx

For the next fifteen days, I’ll be abroad, but that won’t stop me from posting. I’ve written down the reasons why I own my 30 largest investments. Starting today, I’ll share two each day, going from the largest to the smallest. Let’s go!

#4 – $CME (CME Group) The world’s leading derivatives exchange. CME benefits from volatility — not direction. Whether markets go up or down, people hedge, speculate, and manage risk here. A pick-and-shovel play on global uncertainty.

Karel Mercx @KarelMercx

#3 – $DUOL (Duolingo) Duolingo controls just a few tenths of a percent of a $220B global market. It’s not just taking share — it’s creating the category. With 80% of U.S. users never having paid for language learning before, the runway ahead is massive.

#3 – $DUOL (Duolingo) Duolingo controls just a few tenths of a percent of a $220B global market. It’s not just taking share — it’s creating the category. With 80% of U.S. users never having paid for language learning before, the runway ahead is massive.

Karel Mercx @KarelMercx

#2 – Physical Gold Biden used the dollar as a weapon against Russia — a move you can only make once. Since then, central banks have been shifting to gold. Trump’s confrontational style is accelerating this trend. After 80 years of $ dominance, the world is moving toward gold.

#2 – Physical Gold Biden used the dollar as a weapon against Russia — a move you can only make once. Since then, central banks have been shifting to gold. Trump’s confrontational style is accelerating this trend. After 80 years of $ dominance, the world is moving toward gold.

Karel Mercx @KarelMercx

#1 – $RHM (Rheinmetall) Europe is shifting from having almost no military to building one. This is a once-in-a-multiple-generations trend — and I expect it to last 10 to 15 years. I believe defense will be the best-performing sector in the market during this rearmament cycle.

10 years with Duolingo! 🇳🇴 Language learning is like investing — the results come to those who show up every day. Grateful for the journey so far. Time for my Norwegian lesson! 😉 https://t.co/kwDgNrBLtG

Karel Mercx @KarelMercx

$DUOL is now trading at $536. That’s exactly 8x my initial investment — a 7-bagger. I don’t think Duolingo is “expensive.” In a volatile market, the Free Cash Flow Yield on EV could rise to 4%, which would imply a price of $268. On the flip side, if Duolingo enters the S&P 500

#1 – $RHM (Rheinmetall) Europe is shifting from having almost no military to building one. This is a once-in-a-multiple-generations trend — and I expect it to last 10 to 15 years. I believe defense will be the best-performing sector in the market during this rearmament cycle.

Karel Mercx @KarelMercx

For the next fifteen days, I’ll be abroad, but that won’t stop me from posting. I’ve written down the reasons why I own my 30 largest investments. Starting today, I’ll share two each day, going from the largest to the smallest. Let’s go!

For the next fifteen days, I’ll be abroad, but that won’t stop me from posting. I’ve written down the reasons why I own my 30 largest investments. Starting today, I’ll share two each day, going from the largest to the smallest. Let’s go!

$ADP just hit a new all-time high! 📈 For years, ADP has raised its dividend by 10% annually — and that’s exactly why new highs are just a matter of time. Stock prices follow dividends. But total returns go beyond 10%, because investors also receive the dividend — and when https://t.co/nXcFp1iUnS

Karel Mercx @KarelMercx

Most of my dividend income this first quarter came from $CVX, $ADP, $CINF, and $CME. If I didn’t already hold a large position in Chevron, now would be the time to consider it. It’s not just that Chevron’s dividend has been growing faster than inflation, the current yield of https://t.co/0efjzunmdL

The breakout in $LB is already here — and much earlier than expected! 🚀 https://t.co/YyVSOpM3Wj

Karel Mercx @KarelMercx

$LB (LandBridge) isn’t just about oil & gas royalties anymore. In Q1, a stunning 92% of revenue came from non-oil sources — including land use fees and water sales. Surface use volumes surged +72% QoQ, boosted by the Wolf Bone Ranch acquisition. And they're not stopping. https://t.co/YtrWscYs7K

Just came across a video that explains the Trump family’s corruption — already extracting $1 billion a month for three months straight — far better than I ever could. Worth your time: https://t.co/LkYUmcxAgU

Karel Mercx @KarelMercx

The greatest threat to my U.S. stock holdings isn’t inflation, interest rates, or disappointing earnings. It’s the erosion of democracy in the United States. In 2025, the risks are no longer purely economic. A deeper, more structural trend is underway — one where transparency is

The LNG story keeps getting bigger. Just a few years ago, countries like Ukraine, Syria, Iraq, and Morocco weren’t even on the demand outlook. Now they’re LNG importers — or soon will be. Even Egypt flipped from exporter to major importer, with volumes expected to rise year

Karel Mercx @KarelMercx

One by one, my natural gas stocks are reaching new 52-week highs. $LNG has been setting records for a while, and now $EQT is joining the rally as well. https://t.co/4vRFVK7xDH

A once-in-a-generation opportunity The best-performing sector of the past five years hasn’t been technology, but European defense. Of course, NVIDIA — the absolute standout of the AI revolution — delivered a dizzying return of 1,350%, including dividends. But Rheinmetall, the

Karel Mercx @KarelMercx

$RHM climbs, but still trades at pre-earnings valuation On April 28, the day before earnings, Rheinmetall traded at €1340. Profits came in 20% above expectations. That means at €1610 today, Rheinmetall is valued exactly the same as it was back then. My investment is now up https://t.co/ypoLUcDFlo

$META had a fantastic buying moment in 2022 — is it $GOOGL ’s turn now? In 2022, Facebook’s user count declined for the first time ever. Markets rushed to declare Meta’s best days over — forgetting it’s more than just Facebook. Now in 2025, Google searches on the iPhone are https://t.co/1WhiOaaWOl

Karel Mercx @KarelMercx

I’ve been fascinated by Google’s latest quantum processor, Willow. It’s capable of solving in five minutes what the most powerful computer today would take 10,000,000,000,000,000,000,000,000 years to compute. This led me to revisit Google’s free cash flow yield relative to its https://t.co/bKvx1ANUr0

Our daughter is finally sleeping through the night — every night! And with full nights of sleep, dad is setting PRs left and right. Hit 3 reps of strict press at 100 KG today! 💪🔥 https://t.co/8tekwY3UAq

Karel Mercx @KarelMercx

Never thought I’d still be getting stronger at this age. New PR: 6 reps strict press with 90 kg. Let’s keep pushing. 💪 https://t.co/4fWHx1bgw7

What a rollercoaster ride. Just a month ago, I was down 10% on my $ZIM position. Now I’m up 44%. This chart includes dividends — which is key with zim integrated shipping, thanks to its superdividends. Total return makes all the difference. https://t.co/vBvRpWUwWJ

Karel Mercx @KarelMercx

🚢 🚢 Just invested in $ZIM! 🚢 🚢

$DUOL is now trading at $536. That’s exactly 8x my initial investment — a 7-bagger. I don’t think Duolingo is “expensive.” In a volatile market, the Free Cash Flow Yield on EV could rise to 4%, which would imply a price of $268. On the flip side, if Duolingo enters the S&P 500

Karel Mercx @KarelMercx

$DUOL is not expensive. The P/E ratio is 240 — but that’s misleading. If you buy the entire company, you get $1B in cash. That’s why Enterprise Value matters, not market cap. The best metric is Free Cash Flow Yield on EV — it tells you your real return after all costs and https://t.co/1Q0tnd6aeJ

$LB (LandBridge) isn’t just about oil & gas royalties anymore. In Q1, a stunning 92% of revenue came from non-oil sources — including land use fees and water sales. Surface use volumes surged +72% QoQ, boosted by the Wolf Bone Ranch acquisition. And they're not stopping. https://t.co/YtrWscYs7K

Karel Mercx @KarelMercx

New position! $LB A few weeks ago, I wrote a tip for @belbelnl about Land Bridge and bought the stock myself. Price at the tip: $61.51; yesterday’s close: $80.20. After a 30%+ gain, I’m sharing it publicly. Valuation’s still solid: Free Cash Flow Yield dropped from 6.2% to 4.7% https://t.co/geM2ggVrU2