{"id":3604,"date":"2026-04-06T11:30:49","date_gmt":"2026-04-06T08:30:49","guid":{"rendered":"https:\/\/baytutumlu.com\/?p=3604"},"modified":"2026-04-06T11:30:52","modified_gmt":"2026-04-06T08:30:52","slug":"mart-2026-sonu-portfoy-durumu","status":"publish","type":"post","link":"https:\/\/baytutumlu.com\/index.php\/2026\/04\/06\/mart-2026-sonu-portfoy-durumu\/","title":{"rendered":"Mart 2026 Sonu Portf\u00f6y Durumu"},"content":{"rendered":"\n<p>Herkese selamlar. Yeni bir ay\u0131n daha sonuna geldik. Finansal \u00f6zg\u00fcrl\u00fck yolculu\u011funa ba\u015flayal\u0131 tam 93 ay, hedefime ula\u015fal\u0131 ise 30 ay ge\u00e7mi\u015f. Mart ay\u0131 tek kelimeyle tan\u0131mlamam gerekirse sava\u015f ay\u0131 oldu. 28 \u015eubat&#8217;ta ba\u015flayan \u0130ran sava\u015f\u0131 t\u00fcm mart boyunca devam etti ve piyasalarda derin izler b\u0131rakt\u0131. <\/p>\n\n\n\n<p>Global geli\u015fmelere ge\u00e7meden \u00f6nce ki\u015fisel taraftan biraz bahsedeyim. Mart ay\u0131nda g\u00fcnl\u00fck rutinime devam ettim. Mevsim ge\u00e7i\u015finden olsa gerek, ufak bir gribal enfeksiyon ge\u00e7iriyorum. Havalar\u0131n bir \u0131s\u0131n\u0131p bir so\u011fumas\u0131 yaram\u0131yor san\u0131r\u0131m. K\u0131z\u0131m\u0131n da okuldan bilimum vir\u00fcsleri eve ta\u015f\u0131mas\u0131 etkili oluyor tabi:)<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-spotify wp-block-embed-spotify wp-embed-aspect-21-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Spotify Embed: 2.\u2060 \u2060D\u00fcnya Sava\u015f\u0131nda Borsa Nas\u0131l 100% Y\u00fckseldi? | F\u00d6K #41\" style=\"border-radius: 12px\" width=\"100%\" height=\"152\" frameborder=\"0\" allowfullscreen allow=\"autoplay; clipboard-write; encrypted-media; fullscreen; picture-in-picture\" loading=\"lazy\" src=\"https:\/\/open.spotify.com\/embed\/episode\/6LWpF7iW6LdZ4RQ5ob1a5q?utm_source=oembed\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>Mart ay\u0131nda art\u0131k 5 y\u0131l\u0131 dolduran arac\u0131m\u0131z\u0131 de\u011fi\u015ftirme karar\u0131 ald\u0131k. Zaten ben uzun y\u0131llard\u0131r elektrikli bir araca ge\u00e7mek istiyordum. Dolay\u0131s\u0131yla yerli firmam\u0131z\u0131n bayram kampanyas\u0131ndan faydalanarak bir elektrikli otomobil sahibi olduk. Umar\u0131m kazas\u0131z belas\u0131z s\u00fcr\u00fc\u015fler ger\u00e7ekle\u015ftiririz. Bunun d\u0131\u015f\u0131nda Finansal \u00d6zg\u00fcrl\u00fck Kul\u00fcb\u00fc podcast&#8217;inde Ark Invest&#8217;in raporunu ve sava\u015f konular\u0131n\u0131 ele ald\u0131\u011f\u0131m\u0131z 2 b\u00f6l\u00fcm yapt\u0131k. Patreon taraf\u0131nda \u015firket ve sekt\u00f6r incelemelerine devam ediyorum. Sa\u011fl\u0131k ve spor taraf\u0131nda ise rutini bozmadan haftada en az 3 kez salona gitmeye gayret ediyorum. <\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-spotify wp-block-embed-spotify wp-embed-aspect-21-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Spotify Embed: Tarihin en b\u00fcy\u00fck ekonomik b\u00fcy\u00fcmesi ve servet transferi ba\u015fl\u0131yor | F\u00d6K #40\" style=\"border-radius: 12px\" width=\"100%\" height=\"152\" frameborder=\"0\" allowfullscreen allow=\"autoplay; clipboard-write; encrypted-media; fullscreen; picture-in-picture\" loading=\"lazy\" src=\"https:\/\/open.spotify.com\/embed\/episode\/2BQ2OiYkGfJFAEYlVTRqUB?utm_source=oembed\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>\u015eimdi g\u00fcncel geli\u015fmelere d\u00f6nelim. Mart ay\u0131 tamamen \u0130ran sava\u015f\u0131n\u0131n g\u00f6lgesinde ge\u00e7ti. 28 \u015eubat&#8217;ta ABD ve \u0130srail&#8217;in ba\u015flatt\u0131\u011f\u0131 operasyon mart sonuna geldi\u011fimizde 32. g\u00fcn\u00fcn\u00fc doldurmu\u015ftu. Ay boyunca neler ya\u015fand\u0131\u011f\u0131na k\u0131saca bakal\u0131m.<\/p>\n\n\n\n<p>Sava\u015f\u0131n ilk haftas\u0131nda \u0130ran, \u0130srail&#8217;in yan\u0131 s\u0131ra BAE, Katar, Kuveyt, Bahreyn, \u00dcrd\u00fcn ve Suudi Arabistan&#8217;a f\u00fcze ve \u0130HA sald\u0131r\u0131lar\u0131 d\u00fczenledi. H\u00fcrm\u00fcz Bo\u011faz\u0131 \u0130ran taraf\u0131ndan d\u00fc\u015fman \u00fclkelerin gemilerine kapat\u0131ld\u0131. Bu geli\u015fme k\u00fcresel enerji piyasalar\u0131nda ciddi bir \u015fok etkisi yaratt\u0131. Brent petrol sert y\u00fckseli\u015fler g\u00f6sterdi ve t\u00fcm d\u00fcnyada enerji fiyatlar\u0131 \u00fczerinde bask\u0131 olu\u015fturdu.<\/p>\n\n\n\n<p>4 Mart&#8217;ta \u0130ran&#8217;dan f\u0131rlat\u0131lan bir balistik m\u00fchimmat Hatay D\u00f6rtyol&#8217;a d\u00fc\u015ft\u00fc. Bu olay T\u00fcrkiye&#8217;yi do\u011frudan etkileyen kritik bir geli\u015fme oldu. Ard\u0131ndan T\u00fcrkiye D\u0131\u015fi\u015fleri \u0130ran b\u00fcy\u00fckel\u00e7isini \u00e7a\u011f\u0131rd\u0131 ve sert tepki g\u00f6sterildi. 10 Mart&#8217;ta Malatya&#8217;ya Patriot hava savunma sistemi konu\u015fland\u0131r\u0131ld\u0131.<\/p>\n\n\n\n<p>Mart ortas\u0131nda ate\u015fkes m\u00fczakereleri g\u00fcndeme geldi. Pakistan arabuluculuk rol\u00fc \u00fcstlendi. ABD, \u0130ran&#8217;a 15 maddelik bir teklif sundu. Ancak \u0130ran D\u0131\u015fi\u015fleri Bakan\u0131 Erak\u00e7i bu teklifleri a\u015f\u0131r\u0131 bulduklar\u0131n\u0131 a\u00e7\u0131klad\u0131. Trump ise \u0130ran&#8217;la 4 hafta i\u00e7inde anla\u015fma yapabileceklerini s\u00f6yleyerek enerji altyap\u0131s\u0131na y\u00f6nelik sald\u0131r\u0131lar\u0131 5 g\u00fcnl\u00fc\u011f\u00fcne erteledi. Ay sonuna do\u011fru taraflar aras\u0131nda mesajla\u015fmalar devam etse de somut bir ate\u015fkes sa\u011flanamad\u0131. 1 Nisan&#8217;da \u0130ran, \u0130srail&#8217;e son haftalar\u0131n en yo\u011fun f\u00fcze sald\u0131r\u0131s\u0131n\u0131 ger\u00e7ekle\u015ftirdi. Bu yaz\u0131y\u0131 yazd\u0131\u011f\u0131m tarihte sava\u015f hala devam ediyor ve belirsizlik s\u00fcr\u00fcyor.<\/p>\n\n\n\n<p>Bu tablo k\u00fcresel ekonomiye ciddi hasar veriyor. H\u00fcrm\u00fcz Bo\u011faz\u0131&#8217;n\u0131n kapal\u0131 kalmas\u0131 enerji fiyatlar\u0131n\u0131 yukar\u0131 itivor, enflasyon bask\u0131s\u0131 art\u0131yor ve risk i\u015ftah\u0131 d\u00fc\u015f\u00fcyor.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"404\" src=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-06-104509.png?resize=1024%2C404&#038;ssl=1\" alt=\"\" class=\"wp-image-3605\" srcset=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-06-104509.png?resize=1024%2C404&amp;ssl=1 1024w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-06-104509.png?resize=300%2C118&amp;ssl=1 300w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-06-104509.png?resize=768%2C303&amp;ssl=1 768w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-06-104509.png?resize=600%2C237&amp;ssl=1 600w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-06-104509.png?w=1435&amp;ssl=1 1435w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" data-recalc-dims=\"1\" \/><\/figure>\n\n\n\n<p>T\u00fcrkiye&#8217;ye d\u00f6necek olursak, BIST 100 mart ay\u0131nda sava\u015f\u0131n tam etkisini hissetti. Endeks \u015fubat sonunda 13.717 civar\u0131ndayken mart boyunca sert sat\u0131\u015flar g\u00f6rd\u00fc. Ay i\u00e7inde 12.433 seviyesine kadar geriledi. Mart&#8217;\u0131n son i\u015flem g\u00fcn\u00fcnde Trump&#8217;\u0131n ate\u015fkes m\u00fczakereleriyle ilgili iyimser a\u00e7\u0131klamalar\u0131 sonras\u0131 bir toparlanma ya\u015fand\u0131 ve endeks ay\u0131 12.791 civar\u0131ndan kapatt\u0131. Ayl\u0131k bazda yakla\u015f\u0131k %6.7 d\u00fc\u015f\u00fc\u015f anlam\u0131na geliyor. Olduk\u00e7a sert bir ay oldu. Bu yaz\u0131y\u0131 yazd\u0131\u011f\u0131m tarihte ise endeks 13 bin puan\u0131 a\u015fmaya \u00e7al\u0131\u015f\u0131yor.<\/p>\n\n\n\n<p>TCMB taraf\u0131nda 12 Mart&#8217;taki PPK toplant\u0131s\u0131nda politika faizi beklentilere paralel olarak %37&#8217;de sabit tutuldu. Ocak&#8217;ta yap\u0131lan 100 baz puanl\u0131k indirimin ard\u0131ndan \u0130ran krizi ve petrol fiyatlar\u0131ndaki sert y\u00fckseli\u015f nedeniyle faiz indirim d\u00f6ng\u00fcs\u00fc duraklat\u0131ld\u0131. Karar metninde jeopolitik geli\u015fmelerin enflasyon g\u00f6r\u00fcn\u00fcm\u00fc \u00fczerinde olu\u015fturabilece\u011fi riskleri s\u0131n\u0131rlamak amac\u0131yla s\u0131k\u0131 duru\u015fun devam edece\u011fi vurguland\u0131. Hatta belirgin ve kal\u0131c\u0131 bir bozulma olmas\u0131 halinde s\u0131k\u0131la\u015ft\u0131rma sinyali verildi. Bu olduk\u00e7a \u015fahin bir mesaj.<\/p>\n\n\n\n<p>Mart enflasyonu ayl\u0131k %1,94 olarak ger\u00e7ekle\u015fti. \u015eubattaki %2,96&#8217;ya k\u0131yasla ciddi bir d\u00fc\u015f\u00fc\u015f var. Y\u0131ll\u0131k enflasyon %31,53&#8217;ten %30,87&#8217;ye geriledi. Piyasa beklentisi %31,40 civar\u0131ndayd\u0131, yani beklentinin alt\u0131nda geldi. G\u0131da enflasyonu ayl\u0131k bazda %1,80 ile nispeten \u0131l\u0131ml\u0131 kal\u0131rken ula\u015ft\u0131rma kaleminde %4,52&#8217;lik sert art\u0131\u015f dikkat \u00e7ekti. Petrol fiyatlar\u0131n\u0131n etkisi burada net \u015fekilde g\u00f6r\u00fcl\u00fcyor. \u00c7ekirdek enflasyon (B grubu) ayl\u0131k %1,45 ile makul seyretti. Bakan \u015eim\u015fek g\u0131da enflasyonunun y\u0131ll\u0131k bazda 4,8 puan iyile\u015fti\u011fini ve iklim ko\u015fullar\u0131ndaki normalle\u015fmenin 2026&#8217;da g\u0131da enflasyonunu desteklemesini beklediklerini payla\u015ft\u0131.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"486\" src=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-03-103942.png?resize=1024%2C486&#038;ssl=1\" alt=\"\" class=\"wp-image-3606\" srcset=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-03-103942.png?resize=1024%2C486&amp;ssl=1 1024w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-03-103942.png?resize=300%2C142&amp;ssl=1 300w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-03-103942.png?resize=768%2C364&amp;ssl=1 768w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-03-103942.png?resize=600%2C285&amp;ssl=1 600w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-03-103942.png?w=1119&amp;ssl=1 1119w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" data-recalc-dims=\"1\" \/><\/figure>\n\n\n\n<p>Bir di\u011fer kritik veri ise cari a\u00e7\u0131k. Ocak ay\u0131nda cari i\u015flemler hesab\u0131 6,8 milyar dolar a\u00e7\u0131k verdi. Y\u0131ll\u0131k cari a\u00e7\u0131k 32,9 milyar dolara ula\u015ft\u0131. Bakan \u015eim\u015fek jeopolitik gerginliklerle artan enerji fiyatlar\u0131 nedeniyle 2026&#8217;da cari a\u00e7\u0131\u011f\u0131n program \u00f6ng\u00f6r\u00fclerinin \u00fczerinde ger\u00e7ekle\u015febilece\u011fini a\u00e7\u0131k\u00e7a s\u00f6yledi. Ekonomik g\u00fcven endeksi de mart&#8217;ta %2,8 d\u00fc\u015f\u00fc\u015fle 97,9 seviyesine geriledi.<\/p>\n\n\n\n<p>Mart ay\u0131nda ihracat da ge\u00e7en y\u0131l\u0131n ayn\u0131 ay\u0131na g\u00f6re %6,4 azal\u0131\u015fla 21,9 milyar dolar oldu. Sava\u015f\u0131n ticaret \u00fczerindeki etkisi de g\u00f6r\u00fclmeye ba\u015flad\u0131.<\/p>\n\n\n\n<p><strong>Ki\u015fisel Portf\u00f6y<\/strong><\/p>\n\n\n\n<p>\u015eimdi portf\u00f6y durumuna ge\u00e7elim. Mart ay\u0131nda portf\u00f6y\u00fcmdeki Pegasus hisselerini satarak CVK Madencilik ve Global Yat\u0131r\u0131m Holdinge ekleme yapt\u0131m.  Bunun d\u0131\u015f\u0131nda BTC al\u0131mlar\u0131na ufak ufak devam ettim. Bu t\u00fcr kriz d\u00f6nemlerinde sakin kalmak ve uzun vadeli plana sad\u0131k kalmak en do\u011fru strateji.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"676\" height=\"398\" src=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-02-092702.png?resize=676%2C398&#038;ssl=1\" alt=\"\" class=\"wp-image-3617\" srcset=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-02-092702.png?w=676&amp;ssl=1 676w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-02-092702.png?resize=300%2C177&amp;ssl=1 300w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-02-092702.png?resize=600%2C353&amp;ssl=1 600w\" sizes=\"auto, (max-width: 676px) 100vw, 676px\" data-recalc-dims=\"1\" \/><\/figure>\n\n\n\n<p>CVK Madencilik hakk\u0131nda detayl\u0131 bir yat\u0131r\u0131m tezi haz\u0131rlam\u0131\u015ft\u0131m, a\u015fa\u011f\u0131dan ula\u015fabilirsiniz. \u015eirketin g\u00fcncel finansallar\u0131 iyi olmasa da gelecek beklentileri \u00e7ok iyi. Bu y\u00fczden en az 3 y\u0131ll\u0131k bir vade ile sat\u0131n al\u0131m yapt\u0131m.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.patreon.com\/posts\/cvk-madencilik-152362836?utm_medium=clipboard_copy&amp;utm_source=copyLink&amp;utm_campaign=postshare_creator&amp;utm_content=join_link\">https:\/\/www.patreon.com\/posts\/cvk-madencilik-152362836?utm_medium=clipboard_copy&amp;utm_source=copyLink&amp;utm_campaign=postshare_creator&amp;utm_content=join_link<\/a><\/p>\n\n\n\n<p>\u015eimdi portf\u00f6ydeki \u015firketlerle ilgili mart ay\u0131 geli\u015fmelerine bakal\u0131m.<\/p>\n\n\n\n<p><strong>ISMEN<\/strong><\/p>\n\n\n\n<p>Mart ay\u0131nda borsadaki sert d\u00fc\u015f\u00fc\u015fle birlikte i\u015flem hacimleri y\u00fcksek kalmaya devam etti ama bunun bir k\u0131sm\u0131 panik sat\u0131\u015flar\u0131ndan kaynakland\u0131. Sava\u015f ortam\u0131n\u0131n kredi i\u015ftah\u0131 \u00fczerinde olumsuz etki yaratmas\u0131 ka\u00e7\u0131n\u0131lmaz. Faiz indirim d\u00f6ng\u00fcs\u00fcn\u00fcn duraksamas\u0131 da arac\u0131 kurumlar i\u00e7in k\u0131sa vadede olumsuz bir sinyal. Bu yaz\u0131y\u0131 yazd\u0131\u011f\u0131m tarihte hen\u00fcz mart ay\u0131 kredili i\u015flem verleri a\u00e7\u0131klanmad\u0131. \u015eubat ay\u0131nda kredi hacminde ciddi bir art\u0131\u015f g\u00f6rm\u00fc\u015ft\u00fck, bu hacmin bir miktar d\u00fc\u015fm\u00fc\u015f olmas\u0131 m\u00fcmk\u00fcn. Burada margin call yiyen yat\u0131r\u0131mc\u0131lar da olmu\u015f olabilir.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"821\" src=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-06-104930.png?resize=800%2C821&#038;ssl=1\" alt=\"\" class=\"wp-image-3607\" srcset=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-06-104930.png?w=800&amp;ssl=1 800w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-06-104930.png?resize=292%2C300&amp;ssl=1 292w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-06-104930.png?resize=768%2C788&amp;ssl=1 768w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-06-104930.png?resize=600%2C616&amp;ssl=1 600w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" data-recalc-dims=\"1\" \/><\/figure>\n\n\n\n<p><strong>RYGYO<\/strong><\/p>\n\n\n\n<p>Reysa\u015f GYO mart ay\u0131nda genel piyasan\u0131n gerisinde kalm\u0131\u015f olabilir. Ancak \u015firketin yat\u0131r\u0131m hikayesi aynen devam ediyor. Tuzla depo projesi, Arnavutk\u00f6y&#8217;deki 20.000 m2&#8217;lik depo ve Ankara Kazan&#8217;daki 48.633 m2&#8217;lik yeni depo yat\u0131r\u0131m\u0131 toplamda portf\u00f6y de\u011ferini ve kira gelirlerini ciddi \u015fekilde yukar\u0131 ta\u015f\u0131yacak geli\u015fmeler. Sincan Otorey projesinde 96 ba\u011f\u0131ms\u0131z b\u00f6l\u00fcm\u00fcn iskan\u0131 al\u0131nm\u0131\u015f ve kiralanmaya ba\u015flanm\u0131\u015ft\u0131. Y\u00f6netimin geri al\u0131m program\u0131na devam etmesi de g\u00fcven veriyor. Bilan\u00e7o geldi ve \u015firket  temett\u00fc vermeyece\u011fini a\u00e7\u0131klad\u0131. Bunlar da fiyatlamaya olumsuz etki etmi\u015f olabilir. <\/p>\n\n\n\n<p>\u015eirketin y\u00f6netimini ve sermaye tahsis becerisini \u00e7ok be\u011feniyorum. Fakat bilan\u00e7odaki bariz hatalar ve s\u00fcrekli denet\u00e7i de\u011fi\u015ftirmeleri yat\u0131r\u0131mc\u0131 g\u00f6z\u00fcnde olumsuz bir etki yarat\u0131yor. Mohnish Pabrai&#8217;nin %10 s\u0131n\u0131r\u0131n\u0131 a\u015ft\u0131\u011f\u0131n\u0131 hesapl\u0131yorum fakat orada herhangi bir Kap bildirimi gelmedi. Genel kurul 29 nisanda yap\u0131lacak. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"622\" src=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/image.png?resize=1024%2C622&#038;ssl=1\" alt=\"\" class=\"wp-image-3608\" srcset=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/image.png?resize=1024%2C622&amp;ssl=1 1024w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/image.png?resize=300%2C182&amp;ssl=1 300w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/image.png?resize=768%2C467&amp;ssl=1 768w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/image.png?resize=600%2C365&amp;ssl=1 600w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/image.png?w=1183&amp;ssl=1 1183w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" data-recalc-dims=\"1\" \/><\/figure>\n\n\n\n<p><strong>FROTO<\/strong><\/p>\n\n\n\n<p>Ford Otosan i\u00e7in mart ay\u0131 zorlu ge\u00e7meye devam etti. Yurt i\u00e7i sat\u0131\u015flarda daralma s\u00fcr\u00fcyor. \u0130lk 2 ayda ihracat taraf\u0131nda ortalama %20 daralma vard\u0131, mart verisiyle birlikte bu tablonun iyile\u015fti\u011fini g\u00f6rmek zor. Trump&#8217;\u0131n otomotivde %15-30 aras\u0131 ek tarife sinyalleri ihracat taraf\u0131 i\u00e7in risk olmaya devam ediyor. Avrupa&#8217;da ECB&#8217;nin faiz indirimlerinin talep canlanmas\u0131na ne \u00f6l\u00e7\u00fcde katk\u0131 sa\u011flayaca\u011f\u0131n\u0131 izlemeye devam ediyorum.<\/p>\n\n\n\n<p><strong>TUPRS<\/strong><\/p>\n\n\n\n<p>T\u00fcpra\u015f mart ay\u0131nda \u0130ran sava\u015f\u0131n\u0131n en do\u011frudan etkiledi\u011fi \u015firketlerden biri oldu. H\u00fcrm\u00fcz Bo\u011faz\u0131&#8217;n\u0131n kapal\u0131 kalmas\u0131 ham petrol tedari\u011fini do\u011frudan etkiliyor. Petrol fiyatlar\u0131ndaki sert y\u00fckseli\u015f rafineri marjlar\u0131 \u00fczerinde \u00e7ok olumlu etki yarat\u0131yor. Nisan ay\u0131nda yat\u0131r\u0131mc\u0131 sunumu analizi yapm\u0131\u015ft\u0131k ve y\u00f6netimin 2026 marj hedeflerini mevcut ko\u015fullara g\u00f6re muhafazakar bulmu\u015ftuk. \u015eu anki petrol fiyatlar\u0131yla bu daha da anlaml\u0131 hale geliyor.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"591\" src=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-01-131203.png?resize=1024%2C591&#038;ssl=1\" alt=\"\" class=\"wp-image-3609\" srcset=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-01-131203.png?resize=1024%2C591&amp;ssl=1 1024w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-01-131203.png?resize=300%2C173&amp;ssl=1 300w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-01-131203.png?resize=768%2C443&amp;ssl=1 768w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-01-131203.png?resize=600%2C346&amp;ssl=1 600w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-01-131203.png?w=1256&amp;ssl=1 1256w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" data-recalc-dims=\"1\" \/><\/figure>\n\n\n\n<p><strong>GLYHO<\/strong><\/p>\n\n\n\n<p>Global yat\u0131r\u0131m holding ocak ay\u0131 yolcu verileri a\u00e7\u0131kland\u0131. Bu ay 1.79 milyon yolcu a\u011f\u0131rlanm\u0131\u015f. Ge\u00e7ti\u011fimiz y\u0131l\u0131n ayn\u0131 ay\u0131na g\u00f6re yolcu say\u0131s\u0131 %42 art\u0131\u015f g\u00f6sterdi. Sefer say\u0131s\u0131nda ise %28 art\u0131\u015f ya\u015fand\u0131. Burada konsolide edilmeyen limanlardan gelen 303 bin yolcunun da ocak ay\u0131 itibariyle dahil edildi\u011fini g\u00f6r\u00fcyoruz. Telekonferansta Mehmet Kutman konsolide edilmeyen limanlar\u0131n yolcu say\u0131lar\u0131na dahil edilmedi\u011finden bahsetmi\u015fti. Konsolide edilmeyen limanlar Venedik, Vigo, Lizbon, Singapur ve Tunus limanlar\u0131. Bunlarda Global Yat\u0131r\u0131m Holdingin %22 ile %45 aras\u0131nda de\u011fi\u015fen oranlarda pay\u0131 bulunuyor.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"843\" height=\"441\" src=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/image-1.png?resize=843%2C441&#038;ssl=1\" alt=\"\" class=\"wp-image-3610\" srcset=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/image-1.png?w=843&amp;ssl=1 843w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/image-1.png?resize=300%2C157&amp;ssl=1 300w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/image-1.png?resize=768%2C402&amp;ssl=1 768w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/image-1.png?resize=600%2C314&amp;ssl=1 600w\" sizes=\"auto, (max-width: 843px) 100vw, 843px\" data-recalc-dims=\"1\" \/><\/figure>\n\n\n\n<p> Sava\u015f ortam\u0131n\u0131n Do\u011fu Akdeniz ve Ortado\u011fu rotalar\u0131ndaki kruvaziyer trafi\u011fine ne \u00f6l\u00e7\u00fcde etki edece\u011fini takip etmek gerekiyor. Bodrum liman\u0131ndaki pay\u0131n %90&#8217;a \u00e7\u0131kmas\u0131 ve Antigua terminalinin Haziran 2026&#8217;da tamamlanma plan\u0131 pozitif kataliz\u00f6rler olmaya devam ediyor. Nassau iskele yat\u0131r\u0131m\u0131n\u0131n y\u0131ll\u0131k 20-25 milyon dolar ek FAV\u00d6K potansiyeli de \u00f6nemini koruyor.<\/p>\n\n\n\n<p>Gelen KAP haberiyle birlikte Kanarya Adalar\u0131nda Las Palmas liman\u0131 i\u00e7erisinde in\u015fa edilen yeni terminalin a\u00e7\u0131ld\u0131\u011f\u0131 haberini ald\u0131k. Buras\u0131 da co\u011frafya itibariyle Bat\u0131 Akdeniz ve Atlantik taraf\u0131na katk\u0131 sa\u011flayacak. Ayr\u0131ca \u00f6n\u00fcm\u00fczdeki g\u00fcnlerde ihalesi sonu\u00e7lanan Meksika&#8217;daki Acapulco liman\u0131n\u0131n da resmi kap haberi ile duyurulmas\u0131n\u0131 bekliyorum.<\/p>\n\n\n\n<p>\u015eirket 2.8 milyon adet geri al\u0131m yapt\u0131. Yasakl\u0131 d\u00f6nem hari\u00e7 her f\u0131rsatta geri al\u0131m yapmaya devam ediyorlar. Y\u00f6netim kurulu ba\u015fkan\u0131 da al\u0131m yapmaya devam ediyor. <\/p>\n\n\n\n<p><strong>ANSGR<\/strong><\/p>\n\n\n\n<p>Anadolu Sigorta hisse ba\u015f\u0131na 1,17 TL temett\u00fc da\u011f\u0131tma karar\u0131n\u0131 alm\u0131\u015ft\u0131. Ge\u00e7en y\u0131la g\u00f6re %31 art\u0131\u015f anlam\u0131na gelen bu temett\u00fc g\u00fczel bir geli\u015fme. Y\u00fcksek faiz ortam\u0131n\u0131n bir s\u00fcre daha devam etmesi olumlu fakat tahvil faizlerinin \u00e7ok a\u015f\u0131r\u0131 y\u00fckselmemesi \u015fart\u0131yla. G\u00fcncel durumda 2 y\u0131ll\u0131k tahvil faizi %37.8 seviyesinde ve son 1 ayda %8 art\u0131\u015f g\u00f6sterdi.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"921\" height=\"526\" src=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/image-2.png?resize=921%2C526&#038;ssl=1\" alt=\"\" class=\"wp-image-3611\" srcset=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/image-2.png?w=921&amp;ssl=1 921w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/image-2.png?resize=300%2C171&amp;ssl=1 300w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/image-2.png?resize=768%2C439&amp;ssl=1 768w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/image-2.png?resize=600%2C343&amp;ssl=1 600w\" sizes=\"auto, (max-width: 921px) 100vw, 921px\" data-recalc-dims=\"1\" \/><\/figure>\n\n\n\n<p><strong>MGROS<\/strong><\/p>\n\n\n\n<p>Migros perakende sekt\u00f6r\u00fcndeki g\u00fc\u00e7l\u00fc pozisyonunu korumaya devam ediyor. Mart ay\u0131nda g\u0131da enflasyonu ayl\u0131k %1,80 geldi. Y\u0131ll\u0131k bazda g\u0131da enflasyonu %32,36 seviyesinde. Bu rakamlar g\u0131da perakendecileri i\u00e7in fiyatlama g\u00fcc\u00fcn\u00fcn devam etti\u011fini g\u00f6steriyor. Sava\u015f ortam\u0131n\u0131n t\u00fcketici davran\u0131\u015flar\u0131n\u0131 nas\u0131l etkileyece\u011fini izlemeye devam ediyorum ama temel ihtiya\u00e7 sekt\u00f6r\u00fc olarak Migros savunmac\u0131 bir pozisyonda. \u015eirket 2030 vizyonunu a\u00e7\u0131klad\u0131\u011f\u0131 Sermaye Piyasalar\u0131 G\u00fcn\u00fc kapsam\u0131nda bir sunum d\u00fczenledi. Bunun hakk\u0131nda da detayl\u0131 bir payla\u015f\u0131m yapm\u0131\u015ft\u0131m.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.patreon.com\/posts\/migros-stratejik-153999145?utm_medium=clipboard_copy&amp;utm_source=copyLink&amp;utm_campaign=postshare_creator&amp;utm_content=join_link\">https:\/\/www.patreon.com\/posts\/migros-stratejik-153999145?utm_medium=clipboard_copy&amp;utm_source=copyLink&amp;utm_campaign=postshare_creator&amp;utm_content=join_link<\/a><\/p>\n\n\n\n<p><strong>TRGYO<\/strong><\/p>\n\n\n\n<p>Torunlar GYO ocakta portf\u00f6ye ekledi\u011fimden beri iyi bir performans sergilemi\u015fti. Mart ay\u0131nda genel piyasayla birlikte geri \u00e7ekilme ya\u015fam\u0131\u015f olabilir ama yat\u0131r\u0131m tezim de\u011fi\u015fmedi. Forum Mersin ve Forum Kayseri sat\u0131n almalar\u0131ndan beklenen kira geliri katk\u0131s\u0131 2026&#8217;da g\u00f6r\u00fcn\u00fcr hale gelecek. GYO&#8217;lar faiz indirimi hikayesinin bozulmas\u0131ndan olumsuz etkileniyor fakat kira geliri elde edenler pozitif ayr\u0131\u015facakt\u0131r diye d\u00fc\u015f\u00fcn\u00fcyorum. \u015eirket \u00f6n\u00fcm\u00fczdeki 5 y\u0131lda ciddi miktarda net nakit \u00fcretece\u011fini ve bunu yat\u0131r\u0131mc\u0131lar\u0131yla payla\u015faca\u011f\u0131n\u0131 duyurmu\u015ftu. Bu rapordan ilgili b\u00f6l\u00fcm\u00fc sizlerle payla\u015f\u0131yorum. \u015eirketin g\u00fcncel piyasa de\u011feri 90 milyar TL iken \u00f6n\u00fcm\u00fczdeki 5 y\u0131lda da\u011f\u0131tmay\u0131 planlad\u0131\u011f\u0131 temett\u00fc 64 milyar TL. 2030 y\u0131l\u0131na geldi\u011fimizde ise 88 milyar TL net nakde sahip olmay\u0131 hedefliyorlar.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"738\" src=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/image-3.png?resize=1024%2C738&#038;ssl=1\" alt=\"\" class=\"wp-image-3612\" srcset=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/image-3.png?resize=1024%2C738&amp;ssl=1 1024w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/image-3.png?resize=300%2C216&amp;ssl=1 300w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/image-3.png?resize=768%2C554&amp;ssl=1 768w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/image-3.png?resize=600%2C432&amp;ssl=1 600w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/image-3.png?w=1336&amp;ssl=1 1336w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" data-recalc-dims=\"1\" \/><\/figure>\n\n\n\n<p><strong>KLKIM<\/strong><\/p>\n\n\n\n<p>Kalekim&#8217;in 2026 beklentileri olan %10-15 reel sat\u0131\u015f b\u00fcy\u00fcmesi ve %20-25 FAV\u00d6K marj\u0131 band\u0131 s\u00fcr\u00fcyor. Ancak faiz indirim d\u00f6ng\u00fcs\u00fcn\u00fcn duraksamas\u0131 in\u015faat sekt\u00f6r\u00fc i\u00e7in k\u0131sa vadede olumsuz. Eldeki 2 milyar TL \u00fczeri nakit ile \u015firket olduk\u00e7a rahat bir pozisyonda. \u015eirket 0,55 TL net temett\u00fc da\u011f\u0131tma karar\u0131 ald\u0131, kar paylar\u0131 8 may\u0131sta hesaba ge\u00e7ecek.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"319\" src=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/image-4.png?resize=1024%2C319&#038;ssl=1\" alt=\"\" class=\"wp-image-3613\" srcset=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/image-4.png?resize=1024%2C319&amp;ssl=1 1024w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/image-4.png?resize=300%2C93&amp;ssl=1 300w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/image-4.png?resize=768%2C239&amp;ssl=1 768w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/image-4.png?resize=600%2C187&amp;ssl=1 600w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/image-4.png?w=1169&amp;ssl=1 1169w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" data-recalc-dims=\"1\" \/><\/figure>\n\n\n\n<p><strong>TATGD<\/strong><\/p>\n\n\n\n<p>Tat G\u0131da&#8217;y\u0131 \u015fubat ay\u0131nda %5 oran\u0131nda portf\u00f6ye eklemi\u015ftim. Son \u00e7eyrek bilan\u00e7osunun ard\u0131ndan iyi beklentiler a\u00e7\u0131klanm\u0131\u015ft\u0131. G\u0131da sekt\u00f6r\u00fcnde enflasyon ortam\u0131n\u0131n devam etmesi fiyatlama g\u00fcc\u00fcn\u00fc destekliyor. \u015eirketi yak\u0131ndan takip etmeye devam ediyorum. Son geli\u015fmelerden fiyatlama anlam\u0131nda olumsuz etkilendi. \u0130lk \u00e7eyrek bilan\u00e7osunu merakla bekliyorum.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"639\" src=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-06-110948.png?resize=1024%2C639&#038;ssl=1\" alt=\"\" class=\"wp-image-3615\" srcset=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-06-110948.png?resize=1024%2C639&amp;ssl=1 1024w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-06-110948.png?resize=300%2C187&amp;ssl=1 300w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-06-110948.png?resize=768%2C479&amp;ssl=1 768w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-06-110948.png?resize=600%2C374&amp;ssl=1 600w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-06-110948.png?w=1172&amp;ssl=1 1172w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" data-recalc-dims=\"1\" \/><\/figure>\n\n\n\n<p><strong>TBORG<\/strong><\/p>\n\n\n\n<p>T\u00fcrk Tuborg mart ay\u0131nda mevsimsel olarak bask\u0131 alt\u0131nda kalmaya devam etti. %5&#8217;lik halka a\u00e7\u0131kl\u0131k oran\u0131 zaten likiditeyi k\u0131s\u0131tl\u0131yor. \u015eubat&#8217;ta payla\u015ft\u0131\u011f\u0131m Diageo finansallar\u0131nda T\u00fcrkiye ve MENA b\u00f6lgesindeki alkol talebinin art\u0131\u015f\u0131 uzun vadeli tez i\u00e7in destekleyici. 2. \u00e7eyrek sonras\u0131nda toparlanma gelebilir.<\/p>\n\n\n\n<p><strong>CVKMD<\/strong><\/p>\n\n\n\n<p>CVK taraf\u0131nda 18 \u015fubatta Sar\u0131alan Alt\u0131n Madeninde deneme \u00fcretimlerine ba\u015flanm\u0131\u015ft\u0131. 3 nisan itibariyle ise off-take anla\u015fmas\u0131 kapsam\u0131nda konsantre cevher sat\u0131\u015f\u0131na ba\u015fland\u0131. \u00dcretim takvimini takip etmeye devam.<\/p>\n\n\n\n<p><strong>Eurobond Portf\u00f6y\u00fc<\/strong><\/p>\n\n\n\n<p>Eurobond portf\u00f6y\u00fcnde bu ay de\u011fi\u015fiklik yapmad\u0131m. Mart ay\u0131nda 950 dolar kupon geliri elde ettim. Sava\u015f ortam\u0131nda T\u00fcrkiye CDS&#8217;lerinin seyri ve eurobond spreadlerinin nas\u0131l hareket etti\u011fi \u00f6nemli bir takip noktas\u0131. \u015eimdilik kuponlar\u0131 nakit olarak tutuyorum. T\u00fcrkiye&#8217;nin 5 y\u0131ll\u0131k Kredi Risk Primi 285 puandan i\u015flem g\u00f6r\u00fcyor.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"981\" height=\"316\" src=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-02-092655.png?resize=981%2C316&#038;ssl=1\" alt=\"\" class=\"wp-image-3618\" srcset=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-02-092655.png?w=981&amp;ssl=1 981w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-02-092655.png?resize=300%2C97&amp;ssl=1 300w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-02-092655.png?resize=768%2C247&amp;ssl=1 768w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-02-092655.png?resize=600%2C193&amp;ssl=1 600w\" sizes=\"auto, (max-width: 981px) 100vw, 981px\" data-recalc-dims=\"1\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"587\" src=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/HFM22I5W8AAQJki.jpg?resize=1024%2C587&#038;ssl=1\" alt=\"\" class=\"wp-image-3616\" srcset=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/HFM22I5W8AAQJki.jpg?resize=1024%2C587&amp;ssl=1 1024w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/HFM22I5W8AAQJki.jpg?resize=300%2C172&amp;ssl=1 300w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/HFM22I5W8AAQJki.jpg?resize=768%2C440&amp;ssl=1 768w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/HFM22I5W8AAQJki.jpg?resize=600%2C344&amp;ssl=1 600w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/HFM22I5W8AAQJki.jpg?w=1122&amp;ssl=1 1122w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" data-recalc-dims=\"1\" \/><\/figure>\n\n\n\n<p><strong>ABD Portf\u00f6y\u00fc<\/strong><\/p>\n\n\n\n<p>ABD taraf\u0131nda d\u00fczenli ETF toplamay\u0131 s\u00fcrd\u00fcr\u00fcyorum. \u0130ran sava\u015f\u0131n\u0131n ABD borsalar\u0131n\u0131 da bask\u0131lamas\u0131 nedeniyle \u00e7ekilmelerde VOO al\u0131mlar\u0131na devam ettim. Bu t\u00fcr kriz d\u00f6nemleri uzun vadeli yat\u0131r\u0131mc\u0131lar i\u00e7in al\u0131m f\u0131rsat\u0131 yaratabilir.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"441\" height=\"169\" src=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-02-092639.png?resize=441%2C169&#038;ssl=1\" alt=\"\" class=\"wp-image-3619\" srcset=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-02-092639.png?w=441&amp;ssl=1 441w, https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-02-092639.png?resize=300%2C115&amp;ssl=1 300w\" sizes=\"auto, (max-width: 441px) 100vw, 441px\" data-recalc-dims=\"1\" \/><\/figure><\/div>\n\n\n<p>Toparlayacak olursam,<\/p>\n\n\n\n<p>BIST 100&#8217;\u00fcn yakla\u015f\u0131k %6,7 d\u00fc\u015ft\u00fc\u011f\u00fc mart ay\u0131nda toplam portf\u00f6y\u00fcm %2.39 de\u011fer kaybetti. Dolar baz\u0131nda d\u00fc\u015f\u00fc\u015f ise %3.66 oldu. Mart ay\u0131 \u015fubattaki \u0130ran sald\u0131r\u0131s\u0131n\u0131n tam etkisinin hissedildi\u011fi, piyasalar\u0131n sava\u015f moduna ge\u00e7ti\u011fi bir ay oldu. Faiz indirim d\u00f6ng\u00fcs\u00fc duraklat\u0131ld\u0131, enflasyonda baz etkisiyle iyile\u015fme var ama petrol fiyatlar\u0131 yukar\u0131 y\u00f6nl\u00fc bask\u0131 olu\u015fturuyor.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"151\" height=\"169\" src=\"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Ekran-goruntusu-2026-04-06-112202.png?resize=151%2C169&#038;ssl=1\" alt=\"\" class=\"wp-image-3620\" data-recalc-dims=\"1\"\/><\/figure><\/div>\n\n\n<p>Bu t\u00fcr d\u00f6nemlerde yap\u0131lacak en iyi \u015fey so\u011fukkanl\u0131 kalmak ve uzun vadeli plana sad\u0131k kalmak. Tarih bize g\u00f6steriyor ki krizler ge\u00e7ici, kaliteli \u015firketlerin \u00fcretti\u011fi de\u011fer kal\u0131c\u0131. Portf\u00f6y\u00fcmdeki \u015firketlerin b\u00fcy\u00fck \u00e7o\u011funlu\u011fu g\u00fc\u00e7l\u00fc bilan\u00e7olara ve rekabet avantajlar\u0131na sahip. K\u0131sa vadeli volatiliteye tak\u0131lmadan yolumuza devam ediyoruz.<\/p>\n\n\n\n<p>Okudu\u011funuz i\u00e7in te\u015fekk\u00fcr ederim.<\/p>\n\n\n\n<p>Bay Tutumlu<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Herkese selamlar. Yeni bir ay\u0131n daha sonuna geldik. Finansal \u00f6zg\u00fcrl\u00fck yolculu\u011funa ba\u015flayal\u0131 tam 93 ay, hedefime ula\u015fal\u0131 ise 30 ay ge\u00e7mi\u015f. Mart ay\u0131 tek kelimeyle&#8230;<\/p>\n","protected":false},"author":2,"featured_media":3621,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[34],"tags":[46],"class_list":["post-3604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-portfoy","tag-portfoy-durumu","entry","double"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/baytutumlu.com\/wp-content\/uploads\/2026\/04\/Gemini_Generated_Image_prbe2dprbe2dprbe-scaled.png?fit=2560%2C1429&ssl=1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/baytutumlu.com\/index.php\/wp-json\/wp\/v2\/posts\/3604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/baytutumlu.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/baytutumlu.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/baytutumlu.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/baytutumlu.com\/index.php\/wp-json\/wp\/v2\/comments?post=3604"}],"version-history":[{"count":1,"href":"https:\/\/baytutumlu.com\/index.php\/wp-json\/wp\/v2\/posts\/3604\/revisions"}],"predecessor-version":[{"id":3622,"href":"https:\/\/baytutumlu.com\/index.php\/wp-json\/wp\/v2\/posts\/3604\/revisions\/3622"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/baytutumlu.com\/index.php\/wp-json\/wp\/v2\/media\/3621"}],"wp:attachment":[{"href":"https:\/\/baytutumlu.com\/index.php\/wp-json\/wp\/v2\/media?parent=3604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/baytutumlu.com\/index.php\/wp-json\/wp\/v2\/categories?post=3604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/baytutumlu.com\/index.php\/wp-json\/wp\/v2\/tags?post=3604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}