Fat Pitch Financials Portfolio November 2010 Update

The Fat Pitch Financials Portfolio ended the month of November with a total value of $1,404,395.73. That’s down 2.6% from what I report as the October 2010 Fat Pitch Financials Portfolio closing value. The portfolio, however, is up 13.86% year-to-date versus only 7.86% for the S&P 500.

Fat Pitch Financials Portfolio Returns

RETURNS
Last Week -0.45%
Last Month -2.64%
Last 3 Months 16.29%
Last 6 Months 10.02%
Last 12 Months 19.25%
Last 2 Years 65.54%
Last 3 Years 2.67%
Last 5 Years 35.97%
Since Inception 40.04%
(Annualized) 5.58%
S&P500 RETURNS
Last Week 0.05%
Last Month 0.01%
Last 3 Months 9.83%
Last 6 Months 8.14%
Last 12 Months 9.94%
Last 2 Years 37.85%
Last 3 Years -13.95%
Last 5 Years 5.01%
Since Inception 18.79%
(Annualized) 2.82%
RETURNS VS S&P500
Last Week -0.49%
Last Month -2.65%
Last 3 Months 6.46%
Last 6 Months 1.89%
Last 12 Months 9.31%
Last 2 Years 27.68%
Last 3 Years 16.62%
Last 5 Years 30.95%
Since Inception 21.25%
(Annualized) 2.77%

The table above indicates that the Fat Pitch Financials Portfolio has returned 40.04% 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 5.58%, out-pacing the S&P 500 annualized return over the same period by 2.77%.

ALL RANKINGS FOR Fat Pitch Financials Portfolio
Date 1 Month 3 Months 6 Months 1 Year 2 Year 3 Year 4 Year
Dec 31, 2004 N/C N/C
Mar 31, 2005 N/C N/C N/C
Jun 30, 2005 N/C N/C N/C
Sep 30, 2005 N/C N/C N/C N/C
Dec 31, 2005 N/C N/C N/C N/C
Mar 31, 2006 N/C N/C N/C N/C
Jun 30, 2006 N/C N/C N/C N/C
Sep 29, 2006 N/C N/C N/C N/C N/C
Dec 29, 2006 N/C N/C N/C N/C N/C
Mar 30, 2007 N/C N/C N/C N/C N/C
Jun 29, 2007 N/C N/C N/C N/C N/C
Sep 28, 2007 N/C N/C N/C N/C N/C N/C
Dec 31, 2007 N/C N/C N/C N/C N/C N/C
Mar 31, 2008 64.8% N/C N/C N/C N/C N/C
Jun 30, 2008 77.6% 13.9% 38.2% N/C N/C N/C
Sep 30, 2008 74.4% 79.9% Q: Top Quartile 56.3% 97.7% Q: Top Quartile N/C N/C N/C
Dec 31, 2008 32.0% 25.9% 54.5% 48.3% N/C N/C N/C
Mar 31, 2009 64.8% 16.5% 14.5% 23.6% N/C N/C N/C
Jun 30, 2009 98.1% 94.8% Q: Top Quartile 77.3% Q: Top Quartile 77.4% Q: Top Quartile N/C N/C N/C
Sep 30, 2009 2.2% 25.6% 84.3% Q: Top Quartile 41.3% 93.9% Q: Top Quartile N/C N/C
Dec 31, 2009 82.8% 94.7% Q: Top Quartile 69.2% 78.3% Q: Top Quartile 79.2% Q: Top Quartile N/C N/C
Mar 31, 2010 85.2% 91.7% Q: Top Quartile 98.1% Q: Top Quartile 94.6% Q: Top Quartile 82.5% Q: Top Quartile N/C N/C
Jun 30, 2010 1.6% 3.3% 19.5% 41.1% 70.6% N/C N/C
Sep 30, 2010 94.7% 96.7% Q: Top Quartile 40.4% 90.9% Q: Top Quartile 75.5% Q: Top Quartile 97.1% Q: Top Quartile N/C
N/C = “Not Compliant”, and means Fat Pitch Financials Portfolio wasn’t compliant for that period.
A blue star means Fat Pitch Financials Portfolio was in the top 100 funds for that period.
A green star means Fat Pitch Financials Portfolio was in the top 25%.
The numbers above are the percentage of compliant funds that Fat Pitch Financials Portfolio beat in the given time period, unless it was in the top 100 for that period, in which case the number displays your rank.

The Fat Pitch Financials Port is currently outperforming 97.1% of all the compliant funds on Marketocracy over the past three years. Given how difficult market conditions have been over the past three years, I’m pretty proud of my performance.

Fat Pitch Financials Holdings (November 30, 2010)

Symbol

Price

Shares

Value

Current Return

BID

$40.11

5,540

$222,209.40

77.56%

BH

$388.30

134

$52,032.20

60.97%

EBAY

$29.14

2,760

$80,426.40

33.71%

BP

$40.00

1,000

$40,000.00

8.76%

NOVA

$11.62

6,666

$77,458.92

7.71%

MSFT

$25.26

8,220

$207,616.65

7.69%

BR

$20.59

2,600

$53,534.00

6.68%

KFT

$30.25

2,000

$60,500.00

0.67%

HLTOY

$4.43

15,920

$70,525.60

-7.51%

WU

$17.64

2,290

$40,395.60

-19.07%

MHP

$34.49

1,610

$55,528.90

-20.81%

WFC

$27.21

1,400

$38,094.00

-21.92%

USB

$23.78

2,940

$69,913.20

-30.14%

PFE

$16.30

2,010

$32,763.00

-34.54%

PRXI

$1.92

13,610

$26,131.20

-56.53%

USG

$12.69

1,080

$13,705.20

-72.74%

In addition to the $1,140,834.27 worth of stocks held at the close of the market on November 30, 2010, the Fat Pitch Financials Portfolio currently has $263,561.46 in cash with which to invest in new opportunities.

Fund Positions by Style

Value Blend Growth
Large 38% 0% 12% 50%
Medium 11% 0% 0% 11%
Small 24% 0% 1% 25%
Micro 11% 2% 0% 13%
84% 2% 13%

As you can tell from the table above, the Fat Pitch Financials Portfolio continues to hold primarily value stocks with 84% of holdings classified as value. Of those stocks, 50% are considered large cap stocks and the remaining 50% are smaller cap stocks. The Fat Pitch Financials Portfolio does not favor any particular market cap category. However, given the value oriented nature of this portfolio, I expect that over time we will likely hold a higher percentage of smaller market cap stocks versus larger cap stocks given that market inefficiencies tend to happen more frequently in smaller market cap stocks.

There were no trades in November to report, but I continue to search for new fat pitch opportunities.

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

Leave a Reply

Your email address will not be published. Required fields are marked *