Fat Pitch Financials Portfolio April 2009 Update

It’s been a while since I’ve reported on the Fat Pitch Financials Portfolio. I never got around to reporting on the portfolio at the end of March. The last report looked at the Fat Pitch Financials Portfolio February 2009 numbers.

A lot has changed in terms of the value of the portfolio since that time. On February 27, 2009, the Fat Pitch Financials Portfolio at Marketocracy ended with a value of $697,681.47. By the end of March, the portfolio had rebounded back to a value of $759,967.14. Now as of April 30, 2009, the portfolio has come back to life with a closing balance of $929,103.81. That’s an amazing 33% improvement. The orange line in the chart below illustrates this rebound. It also shows how the portfolio is now climbing faster than the indexes.

In terms of performance as of the close April 30, 2009, the Fat Pitch Financials Port was up 22% in April. The S&P 500 was up only 9% over the same period. Over the last 12 months, the portfolio is still down 29.13%, but the S&P 500 was also down 35.31% over the same period. Finally, the portfolio is still down an annualized -1.64% since inception back in 2004, versus -3.48% for the S&P 500 over the same period of time.

Returns as of April 30, 2009

 

RETURNS
Last Week 6.94%
Last Month 22.08%
Last 3 Months 18.89%
Last 6 Months 0.61%
Last 12 Months -29.13%
Last 2 Years -28.87%
Last 3 Years -13.56%
Last 5 Years N/A
Since Inception -7.35%
(Annualized) -1.64%
S&P500 RETURNS
Last Week 2.47%
Last Month 9.57%
Last 3 Months 6.48%
Last 6 Months -8.53%
Last 12 Months -35.31%
Last 2 Years -38.50%
Last 3 Years -28.94%
Last 5 Years N/A
Since Inception -15.08%
(Annualized) -3.48%
RETURNS VS S&P500
Last Week 4.46%
Last Month 12.51%
Last 3 Months 12.41%
Last 6 Months 9.14%
Last 12 Months 6.19%
Last 2 Years 9.63%
Last 3 Years 15.39%
Last 5 Years N/A
Since Inception 7.73%
(Annualized) 1.84%

There was actually some trading activity in April. As I reported earlier, I bought shares of Grupo Aeroportuario del Pacifico (PAC) as fears of Swine Flu, or H1N1 as it is now being called, got out of hand. So far this airport stock has held firm, since I bought shares on April 28, 2009 for $20.28 per share. If the concern regarding H1N1 flu continues to decline, I expect Grupo Aeroportuario del Pacifico will recover back to the mid-20s. As I wait for this wide moat stock to recover, I’ll collect at least an 8% dividend.

I still have $85,729.71 left in cash in this marketocracy portfolio that originally started out with $1 million. If the current market recovery falters, I will likely become fully invested. A summary of my current positions in the Fat Pitch Financials Portfolio as of April 30, 2009 are presented in the table below.

Current Holdings as of April 30, 2009

Symbol Price Shares Value Gains Current Return
WEST $13.15 5,770 $75,875.50 $832.12 1.11%
PAC $20.26 2,460 $49,839.60 ($48.71) -0.10%
BR $19.21 2,600 $49,933.00 ($247.00) -0.49%
MSFT $19.98 8,220 $164,235.60 ($27,951.32) -13.94%
WU $17.02 2,290 $38,975.80 ($10,967.73) -21.91%
KFT $23.36 2,000 $46,720.00 ($13,378.60) -22.26%
EBAY $16.59 2,760 $45,799.44 ($14,352.61) -23.86%
LENS $2.80 12,140 $33,992.00 ($12,251.51) -26.49%
MHP $30.51 1,610 $49,121.10 ($20,997.60) -29.95%
DEST $12.94 6,710 $86,827.40 ($61,877.94) -41.61%
WFC $20.09 1,400 $28,126.00 ($20,664.60) -42.35%
BID $12.31 5,540 $68,197.40 ($56,947.38) -45.51%
PFE $13.47 2,010 $27,074.70 ($22,974.30) -45.90%
USB $17.98 2,940 $52,861.20 ($47,221.40) -47.18%
USG $15.33 1,080 $16,556.51 ($33,719.65) -67.07%
PRXI $0.72 13,610 $9,799.20 ($50,320.63) -83.70%

Disclosure: I own shares of Western Sizzlin (WEST), Grupo Aeroportuario del Pacifico (PAC), Broadridge Financial Solutions (BR), Microsoft (MSFT), Western Union (WU), Kraft Foods (KFT), eBay (EBAY), Concord Camera (LENS), McGraw-Hill (MHP), Destination Maternity (DEST), Sotheby’s (BID), Pfizer (PFE), US Bancorp (USB), USG (USG), and Premier Exhibitions (PRXI).

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