Investing Club: We're selling more shares from our portfolio to fund donations to charity

Published Mon, Mar 28 20228:20 AM EDT

We're making a handful of sales for the portfolio to help fund our upcoming distribution to charity. As a reminder, every year Jim Cramer's Charitable Trust distributes all portfolio income and realized capital gains to qualified publicly supported charitable organizations. For more information about why the Trust gives all profits to charity, please review our About page . We're selling some stock in four positions. This will be our first time trimming Costco (COST), PayPal (PYPL) and Wynn Resorts (WYNN) to fund this year's distribution. For Walmart (WMT), we're peeling off more stock to make the total cash raised from this position in-line with other sales. Please note these trades do not reflect our views on the individual stocks . As a result, we're maintaining our current ratings and price targets . We would not be making these sales if we did not have to fund an upcoming distribution to charity. The stocks we are trimming today with share counts are: Selling 35 shares of Costco Selling 175 shares of PayPal Selling 70 shares of Walmart Selling 250 shares of Wynn Resorts The Charitable Trust will be sending out more money before the end of the month and we'll notify the Club when it happens. (Jim Cramer's Charitable Trust is long COST, PYPL, WMT and WYNN. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.

Jim Cramer

Scott Mlyn | CNBC