PORTFOLIO UPDATE APRIL 29:
For new lurkers, I update my portfolio from time to time so you can see how I have distributed my holdings among sectors, and track the winners and losers. This is a real portfolio - no smoke, mirrors, newsletters or other hype jobs. All of my position trades are recorded for the thread (daytrading is not included - follow the SI 50% Gains thread for those).
This is a diversified, medium risk portfolio aimed at aggressive growth without undue risk to the original capital. The largest single position should be less than 15% of the total portfolio. Position plays are augmented by regular intraday and overnight trades.
New additions (since 4/22): Long - INJT, PAYX, COGI, PTNR, FD Jan 30 calls. Short - DRTN, HOMS, ITRU, NTCT, NETZ, RHAT.
Out (since 4/22): Long - UB, MKSI, N, CMB, AEOS, RMDY, FDX. Short - BOUT, WINK.
Now holding 80% techs and 25% non-tech stocks, and -5% cash margin
Portfolio is currently ahead +30% YTD, up from +24% on April 22. Dow is down 2% YTD, NASDAQ down 4% and S&P +3%. The Internet Index is down 8% YTD.
According to the Bloomberg Mutual Fund Center, the 50% Gains portfolio ranked 4th in the top 25 US Technology mutual funds for YTD performance. It took +9.7% YTD to make the cut. bloomberg.com (select Technology Funds). The one-year performance of +114% ranked 21st.
Core holdings: AREM, FFTI, FORTY, LDP, MGIC, NSATF, Pre-IPO: 22.5%.
50% Gains Candidates: A, AES, ANF, ARTT, BINC, CAMP, CHTR, COGI, CPT.V/CPTPF, CRYP, DISH, ENE, FBF, FDX, GBT, HLIT, HUMC, IIIM, IMPT, INJT, IRF, KLIC, KOPN, KQIP, MIHL, NT, OEI, PAYX, PDS, PLCM, PTNR, RADN, RDC, SJR, SORC, SPK, SSTI, TSIX, TWRS, UPCOY, VOD, XIRC, XLNX, ZDZ: 76%.
Tradin' Trash: IGNE: .1%
Options: TOM May 20 calls, THQI June 30 calls, ANN Sep 17.5 calls, CPL Oct 25 calls, NXLK Oct 75 calls, FD Jan 30 calls, NOK Jan 02 50 LEAP calls, WCOM Jan 02 45 LEAP calls: 6.4%.
Cash: -5%.
Current shorts: DRTN, HOMS, ITRU, NTCT, NETZ, QKKA, RACE, RHAT, STRM equals 7% of the overall portfolio long, up from 5% on April 22.
SECTORS: The portfolio is overweighted with tech stocks. More than half the portfolio is now in communications and semiconductors. Option holdings are included.
Broadcasting/Communications: A, ARTT, CAMP, CHTR, DISH, GBT, HLIT, IIIM, IMPT, INJT, KQIP, MIHL, NOK Jan 02 50 LEAP calls, NSATF, NT, NXLK Oct 75 calls, PTNR, RADN, SJR, TSIX, TWRS, UPCOY, VOD, WCOM Jan 02 45 LEAP calls (39%)
Hardware: IRF, KLIC, KOPN, PLCM, Pre-IPO, SSTI, XIRC, XLNX (28%)
Software: AREM, COGI, FORTY, HUMC, MGIC, THQI June 30 calls (10%)
Energy: AES, CPL Oct 25 calls, ENE, OEI, PDS, RDC (10%)
Business Services: FFTI, PAYX, SORC (3.5%)
Internet Services: FFIV, ZDZ (3.25%)
Biotech: BINC, IGNE (3%)
Financial: CPT.V/CPTPF, FBF, LDP (2.75%)
Retailers: AEOS, ANF, ANN Sep 17.5 calls, FD Jan 30 calls, TOM May 20 calls (2%)
Gaming: CRYP (2%)
REITs: SPK (1.5%)
Currently 28 winners and 24 losers long, or 34 and 26 if you include shorts (options are too volatile to include week to week).
Comments, questions and suggestions more than welcome as always. |
