Fat Pitch Financials Portfolio Third Quarter 2010 Update

The Fat Pitch Financials Portfolio ended the third quarter of 2010 on September 30, 2010 with a total value of $1,330,067.89.  That’s up about 7.8% year-to-date.  This quarter alone, the Fat Pitch Financials Port gained 19.5%, besting the performance of the S&P 500.

Fat Pitch Financials Portfolio Relative Performance Since Inception

The orange line in the chart above represents the value of the Fat Pitch Financials Port.  The other lines represent the major indices. The green line is the S&P 500, the tan line is the Dow Jones Industrial Average, and the blue line is the Nasdaq.  As you can see in the graph above, the Fat Pitch Financials Port has been outperforming the major indices over the past year.

Performance Numbers

RETURNS
Last Week 3.90%
Last Month 13.62%
Last 3 Months 20.21%
Last 6 Months -2.40%
Last 12 Months 19.05%
Last 2 Years 12.09%
Last 3 Years 5.10%
Last 5 Years 30.91%
Since Inception 32.63%
(Annualized) 4.79%
S&P500 RETURNS
Last Week 1.49%
Last Month 8.92%
Last 3 Months 12.17%
Last 6 Months -2.15%
Last 12 Months 10.16%
Last 2 Years 2.55%
Last 3 Years -21.03%
Last 5 Years 3.22%
Since Inception 14.42%
(Annualized) 2.26%
RETURNS VS S&P500
Last Week 2.41%
Last Month 4.70%
Last 3 Months 8.04%
Last 6 Months -0.25%
Last 12 Months 8.89%
Last 2 Years 9.54%
Last 3 Years 26.13%
Last 5 Years 27.69%
Since Inception 18.21%
(Annualized) 2.54%

The table above indicates that the Fat Pitch Financials Portfolio has returned 32.63% since inception.  I launched this paper portfolio back in September of 2004 on Marketocracy with a virtual starting balance of $1 million and a per share value of $10. I created this paper portfolio shortly after I started the Fat Pitch Financials blog as a way my readers could track my stock picks.  My annualized return since inception is 4.79%, out-pacing the S&P 500 annualized return over the same period by 2.54%.

Portfolio Holdings as of September 30, 2010

Symbol

Price

Shares

Value

Gains

Current Return

BID

$36.82

5,540

$203,982.80

$78,838.02

63.00%

DEST

$32.92

6,710

$220,893.20

$72,187.86

48.54%

BH

$328.65

134

$44,039.10

$11,714.49

36.24%

BR

$22.87

2,600

$59,462.00

$9,282.00

18.50%

EBAY

$24.40

2,760

$67,344.00

$7,191.95

11.96%

BP

$41.17

1,000

$41,170.00

$4,460.00

11.88%

MSFT

$24.49

8,220

$201,307.80

$9,120.88

4.55%

KFT

$30.86

2,000

$61,720.00

$1,621.40

2.70%

NOVA

$9.65

6,666

$64,326.90

($7,585.10)

-10.55%

WU

$17.67

2,290

$40,464.30

($9,479.23)

-18.94%

MHP

$33.06

1,610

$53,226.60

($16,892.10)

-24.09%

OTE

$3.61

15,920

$57,471.20

($20,764.43)

-26.54%

WFC

$25.12

1,400

$35,161.00

($13,629.60)

-27.93%

PFE

$17.17

2,010

$34,511.70

($15,537.30)

-31.04%

USB

$21.62

2,940

$63,562.80

($36,519.80)

-36.49%

PRXI

$1.70

13,610

$23,137.00

($36,982.83)

-61.52%

USG

$13.19

1,080

$14,245.20

($36,030.96)

-71.67%

The major performers this past quarter have been Destination Maternity (DEST) and Sotheby’s (BID).  I’m starting to keep a close eye on both of these positions. As they become fully priced, I may decide to sell one or both of them.

The only new position since I last reported in April was the addition of BP PLC (BP). I added 1,000 shares of BP back on June 1, 2010 at an average price of $37.55.  As of the market close on September 30, 2010, I’m up 11.88% on those BP shares.

The portfolio still holds $44,042.29 in cash.  I will continue to look for Fat Pitch opportunities to add to the portfolio with this remaining cash.

Disclosure: At the time this article was posted, I owned positions in all the stocks mentioned above.

2 thoughts on “Fat Pitch Financials Portfolio Third Quarter 2010 Update

  • October 3, 2010 at 11:57 am
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    Hi, I paid $15 to fatpith financials for a one month membership. I didnt hear back on this – can you pls contact me @ bhatth?

  • October 3, 2010 at 1:40 pm
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    I have sent you and email T Bhat. There was an oversight on my part regarding your subscription payment. I am so sorry. The issue has been resolved now and you should have access to Fat Pitch Financials Contributors Corner.

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