Portfolio Update June 2026: ~€93,000 portfolio value (Trade Republic + Scalable, as of June 30, 2026), monthly return −5.6% (−€5,445 unrealized) — and still €1,142.75 gross dividends collected (€801.84 net). Price is opinion, dividend is fact. That is the hard-asset thesis distilled into one month. No investment advice — portfolio is publicly viewable on Parqet (TR + Scalable). CapTrader remains private.
€1,142.75 gross dividends. €801.84 net. ~€93,000 portfolio. −5.6% monthly return. June was a red month — on paper. But if you invest in a hard-asset dividend portfolio, you do not measure yourself by the monthly share price. You measure yourself by the cash flow coming in. And in June, that cash flow was as strong as it has ever been.
In this portfolio update I walk through the complete picture: every dividend payer, every purchase in June — and why a −€5,445 paper loss does not change the thesis one bit.
1. June 2026 by the Numbers (Parqet, as of June 30, 2026)
All figures verified against the live Parqet dashboard:
- Portfolio value: ~€93,000 (TR + Scalable; CapTrader = private, not disclosed)
- Monthly return: −5.57% / −€5,445 unrealized
- June dividends gross: €1,142.75
- June dividends net: €801.84 (€340.90 withholding tax)
- Purchases: 5 new positions, total ~€1,012
The red month did not surprise me. Hard assets — tankers, mines, energy pipelines — move in line with commodity and freight rate cycles. A 5% monthly price swing is completely normal. What stays: the dividend still pays.
The core thesis: Price is the market's opinion about future value. Dividend is the real cash flow the company generates today. Both can diverge for a while — in the long run, cash flow is what matters.
2. The Dividend Rain in June
Shipping carries the biggest share. CMB.Tech alone — my largest public position — was the single top payer. Together with International Seaways, BW LPG, TORM, FLEX LNG and Frontline, the tanker fleet contributed around €482 gross — roughly 42% of total gross dividends in June.
Top payers in June (gross figures):
| Stock | Dividend (gross) | Sector |
|---|---|---|
| CMB.Tech | €147.71 | Shipping — largest position |
| International Seaways | €80.15 | Tankers |
| BW LPG | €74.10 | LPG Shipping |
| TORM | €66.72 | Product tankers |
| Volkswagen (Preferred) | €63.12 | Auto (Value) |
| Total Gabon | €56.64 | Oil |
| ORLEN | €55.96 | Oil / Refinery |
| FLEX LNG | €53.89 | LNG Shipping |
| Central Asia Metals | €43.35 | Mining |
| Frontline | €41.90 | Tankers |
| OMV | €39.60 | Oil / Gas |
| Nordic American Tankers | €18.33 | Tankers |
| Others (Petrobras, BP, Panoro, etc.) | Rest | Diversified |
Net figures for the top payers (from Parqet's dividend tab): CMB.Tech €92.82, International Seaways €57.85, BW LPG €53.48, TORM €48.16, FLEX LNG €38.89.
This is what shipping delivers as a portfolio building block: not just price upside in the cycle, but regular, often variable distributions paid directly from operating cash flow. Tankers pay when rates hold — and in June, rates held.
More on the shipping thesis: CMB.Tech Ex-Dividend June 2026 — what you need to know
3. My June 2026 Purchases
Not a heavy trading month. Five small tickets, all via Scalable Capital, total around €1,012. Each purchase has a clear thesis behind it:
| Date | Stock | Shares / Price | Amount | Why |
|---|---|---|---|---|
| Jun 12 | Allwyn AG (OPAP) | 24 sh. / €14.19 | €340 | Greek lottery monopoly — regulated, high-cash-flow business with solid dividend |
| Jun 24 | China Water Affairs | 250 sh. / €0.52 | €130 | Water as a hard asset — infrastructure that is always needed |
| Jun 29 | freenet | 8 sh. / €23.64 | €189 | German telecom with stable, high dividend yield |
| Jun 30 | Farmland Partners | 15 sh. / €8.63 | €129 | US farmland REIT — land as a real, scarce asset (see REIT video #09) |
| Jun 30 | Xtrackers S&P 500 Inverse ETF | 45 sh. / €4.98 | €224 | Small hedge against U.S. equity drawdowns — not a leveraged bet |
A word on the Xtrackers Inverse ETF: this is a small hedge, not speculation. I invest long-term in hard assets, but hold a tiny buffer against extreme U.S. market drawdowns. I show this transparently — because portfolio management is more than just buy and hold.
Allwyn (OPAP) is new to the portfolio and fits the thesis: a regulated monopoly with stable cash flows and a real dividend. China Water Affairs is my first entry into the water sector — a topic I have been watching for a while.
Farmland Partners context: See the April update for more on REIT positions
4. The Core Thesis: Why a Red Month Leaves Me Cold
June was, on paper, a bad month. −€5,445 unrealized paper loss. That sounds rough at first. But it is not — at least not for a hard-asset dividend portfolio.
Here is the simple truth: tanker companies, mines, energy pipelines — they pay their dividends from operating cash flow. Not from the share price. The price fluctuates because the market changes its mind every day. The cash flow from a tanker moving oil from A to B does not change because some index closes red.
That means: the €1,142.75 gross dividend in June is not a coincidence or an exception. It is the result of a strategy built around real assets — ships, mines, pipelines, land — that produce genuine economic value.
If you want to explore the foundations of this strategy, check out the Shipping Stocks Hub or the Dividend Stocks Hub — both break down the system step by step.
5. Outlook July 2026
In July I expect another solid dividend round from the shipping fleet. Summer tanker rates tend to be more volatile — that can create opportunities but also temporary price weakness.
Purchase plans: I continue to watch the water sector (China Water Affairs opened my interest). Farmland as a portfolio addition remains interesting. Otherwise: no stress, no FOMO. The portfolio is working — cash flow keeps coming.
6. Tools and Resources
If you want to track your own portfolio with similar principles, these tools are worth knowing:
Fundamental Data: I build my analyses using InvestingPro — currently running a summer sale until July 31, 2026, with an additional 15% discount through my link (affiliate). Fair Value, Financial Health Score, dividend history in one place.
Portfolio Tracking: The public portfolio (TR + Scalable) runs through Parqet — free to use, excellent interface for dividend tracking and portfolio analysis (referral link, no extra cost for you).
FAQ — Portfolio Update June 2026
How much dividend income was generated in June 2026?
€1,142.75 gross / €801.84 net. The shipping fleet (CMB.Tech, Int. Seaways, BW LPG, TORM, FLEX LNG, Frontline, NAT) contributed around €482 gross, roughly 42% of the total.
What was purchased in June 2026?
5 positions totalling ~€1,012: Allwyn/OPAP (€340), China Water Affairs (€130), freenet (€189), Farmland Partners (€129), Xtrackers S&P 500 Inverse ETF as a small hedge (€224).
Why does a −5.6% monthly loss not matter for a hard-asset dividend portfolio?
Hard assets generate real cash flow independent of daily market prices. The €1,142 dividend proves it: the companies earned and paid that cash regardless of where the index closed. Price is opinion, dividend is fact.
