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Hello & welcome.

With considering to increase any given holding to 40% or higher in trying to improve one's portfolio performance overall...  it comes down to your own personal risk appetite/tolerance & trading plan/strategy. What do you feel comfortable with, type of trader/investor you are & assessing/implementing a trading plan strategy that suits you/your trading personality as such. Knowing yourself as a trader/investor just as important as researching any given stock.

Once I determine a stock that peeks my interest/conviction, then I use multiple bids to look at scaling into a sizeable position over a period of time (try to buy low of course) - I rarely buy up big in the one order - I spread it across 3-5 multiple bids over time trying not to chase price higher but hoping price comes to me instead. Sometimes however I regret this as have missed out altogether reaching my 40% weighting because price has taken off/run up sooner than I anticipated & pullback never eventuated leaving my buy order way down the list as a result  (can be a tad frustrating at times). Other's tend to add to their positions as price moves higher so that is something to consider as well. I tend to try patiently accumulate at a predetermined price as want lowest possible average entry price.

Once you build up a sizeable position then managing risk/managing trade becomes ultra important. Do you have a take profit target in mind ? an exit plan as such.. knowing when to sell is even more important than knowing when to buy imo

I tend to try let profits run but do sell a few parcels on the way up so as to de-risk my original position. I usually allow 30-40% of original position to run indefinitely till such time my trailing stop loss gets hit (around 12%-25% below actual stock price).

The key is to have a plan & be disciplined enough to follow it (not allow human emotions & impulsiveness to take over). Remember to cut any losses early. Capital preservation is the name of the game.

Most importantly is to also be able to still sleep well at night regardless of how your portfolio is performing. Anxiety & stress are negatives/detrimental to one's trading success & health so try to be in a positive mind set as best as possible when trading. Best decisions are made when calm & happy.

I hope you may find some of these points useful as "food for thought" at least towards improving your trading success. I'm definitely no expert can tell you now - it's an ongoing learning experience over the course of one's life.

Very best wishes & good luck!