APJ4RealHoldings (85.00)

My Real Life Portfolio Performance, Short Exposure, & ALL Holdings as of today 8-24-09

August 25, 2009 – Comments (7) | RELATED TICKERS: BAC , AMZN , TNA

Since my last performance update post (May 21st), the market has moved up about 15%. 

 

During those last 3 months in which the S&P went up about 15%, I maintained a very short weighting on my portfolio (effectively between 25-45% net short after calculating out the leveraged ETFs). 

DESPITE this insane move against me, some of my long picks, especially all the community banks I loaded up on in May, skyrocketed to offset these losses.  My performance since May 09 was not a loss, but a trivial 1% gain!

Here's my performance per TradeKing

5 Day 0.75% 15 Day 2.31% 1 Month 7.43% 3 Month 1.35% 6 Month 45.58% 1 Year -21.20% As of: 08/24/09

 

So 1yr 8/24/08-8/24/09 performance of my portfolio was -21.2% vs S&P 500 -20.5%.  Which means I have underperformed by almost 1%.

My 6month performance to 8/24/09 was 45.6% vs S&P 500 32.5%.  I have had a great 2009 to date. 

 

I have reduced a bit of my risk from my short exposure, as mentioned above, past few months my net short exposure was effectively between 25-45%.  As of today I have reduced this exposure to about 20% net short today.  I'm not less bearish any, in fact I'm more bearish, BUT I was a fool (note the lowercase) to have such insane exposure.  Remember the markets run the risk of moving higher for years despite being completely overvalued. 

I will try to stay within the 0-30%net short range just to manage (juggle) my risk. 

 

I was able to reduce my net short exposure by reducing my positions in TNA, BGU and offsetting those losses with my big gains in community banks. 

***I will most likely discontinue putting updating comments on existing picks if my cost basis changes (whether I buy/short additional shares or reduce position), instead, periodically I will dump my portfolio holdings with up to date cost basis like so:

 

All my holdings as of today, 8/24/09:

symbol costbase|% of port
FAX      $5.04     13.8%

ESEA     $5.17     7.1%

PGNX     $5.99     5.9%

CGW     $18.46     4.5%

TSON     $6.20     3.9%

PFBI     $5.80     3.7%

VXX     $78.47     3.6%

OLN     $13.37     3.5%

FRGB     $1.26     3.4%

TGIS     $1.36     3.3%

OLN     $13.33     3.3%

GCC     $23.05     3.3%

EROC     $3.42     3.2%

PCBC     $2.23     2.9%

NARA     $4.52     2.7%

ESEA     $4.65     2.7%

PRXL     $13.23     2.5%

OPXT     $2.22     2.5%

BX     $13.31     2.5%

CVBF     $7.88     2.4%

UTR     $16.25     2.2%

BBI     $0.75     2.2%

TGIS     $1.23     2.1%

RPRX     $1.03     1.7%

ITI     $1.39     1.4%

FRGB     $1.79     1.0%

FLTQE     $0.13     0.1%

GMCR     $60.01     (1.8%)

GILD     $44.92     (2.2%)

AZO     $144.02 (2.4%)

ORCL     $14.46     (2.4%)

BBY     $27.93     (2.5%)

LMT     $57.82     (2.8%)

NTRS     $53.59     (3.0%)

CVC     $13.75     (3.0%)

SWN     $27.45     (3.2%)

IBM     $115.89 (3.4%)

SA     $28.54     (3.4%)

STLD     $15.99     (3.5%)

EDC     $58.43     (3.5%)

BGU     $32.70     (4.4%)

BAC     $6.93     (4.9%)

BGU     $31.33     (5.1%)

AMZN     $72.01     (5.3%)

BCS     $16.38     (7.3%)

TNA     $18.55     (8.3%)