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reddingrunner (95.15)

HTO portfolio: June 1-15, Rebound

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June 14, 2013 – Comments (0) | RELATED TICKERS: VC , STRT , TM

My High Turnover Portfolio (approx 26 stocks with an average hold of 3 months) did very well the first half of June, beating its benchmark (weighted VT/VTI) by +1.89% to -0.39%.  It was especially gratifying to see the consistent outperformance on down days as historically my portfolios have been high beta- outperforming on up days and underperforming on down days.

Since inception (March 1) I am up 9.74% vs +6.52% for my benchmark. 

I continue to favor health and financials and also added several automobile related stocks (VC, STRT and TM) this month (I have held SMP since the beginning).   In addition I added DTEGY, CSRE, CPA and ICLR so 4 of my 7 adds were from outside the US.  Up to this point US stocks have been outperforming foreign stocks and that has been true in the HTO portfolio as well.  But I buy where I find the best values and sometimes that leads to a contrarian stance.  

I sold HMNF, IP, EAC and PTP.  I took a 16% loss on EAC but it has plunged another 12% since I sold it.  Another 16% loss on HMNF, the worst of my bank holdings but I gained 16% on PTP and broke even on IP.  

The portfolio is now back up to 26 stocks.  In addition to the new additions I still hold (listed from most recent to oldest):

PRSC, AIQ, FBRC, VIPS, PRXL, EXH, AMRI, PULB, CRPJY, TLSYY, WX, MX, ADUS, MPC, AHS, LCI, FIBK, SMP, WHR.  

CRPJY ("crap-joy"!) is down 27% on very thin trading.  I'll probably end up shifting it over to my long-term portfolio and wait for it to come back.  MPC, VIPS, TLSYY and PULB are down 6-9% each.

11 of my holdings are up 11% or more, led by SMP, LCI and ADUS, up 45, 52 & 67% respectively.

 

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