Fat Pitch Financials Portfolio Update for May 2008
I just wanted to provide you with a quick update on the Fat Pitch Financials Portfolio. This Marketocracy portfolio ended the month of May with a total value of $1,291,425.91 (the account started with $1 million). The portfolio was down 1.48% for the month of May. For the last 12 months, the portfolio is down 2.58%. Nevertheless, the portfolio is still up 28.78% and has an annualized performance of 7.09%.
I still have $301,724.31 in cash, which should be a sufficient amount of dry power in case the markets really meltdown. There are a couple of stocks I’m watching for just such an opportunity. I’m also starting to consider adding to some of my current holdings that have gone down in price recently.
Here is the break down of my current holdings as of June 6, 2008:
| Symbol | Price | Shares | Value | Portion of Fund | Inception Return |
|---|---|---|---|---|---|
| BR | $22.36 | 2600 | $58136.00 | 5% | 16% |
| MSFT | $27.49 | 8220 | $225967.80 | 18% | 14% |
| BID | $26.15 | 2650 | $69297.50 | 5% | 7% |
| WU | $22.93 | 2290 | $52509.70 | 4% | 5% |
| KFT | $31.22 | 2000 | $62440.00 | 5% | 4% |
| WEST | $13.42 | 5770 | $77433.40 | 6% | 3% |
| MHP | $44.36 | 1610 | $71419.60 | 6% | 2% |
| PRXI | $4.49 | 13610 | $61108.90 | 5% | 2% |
| USB | $32.07 | 2940 | $94285.80 | 7% | -6% |
| LENS | $3.34 | 12140 | $40547.60 | 3% | -12% |
| USG | $34 | 1080 | $36720.00 | 3% | -27% |
| PFE | $17.96 | 2010 | $36099.60 | 3% | -28% |
| MWRK | $12 | 6710 | $80520.00 | 6% | -46% |
The only transaction this past month was the purchase of Sotheby’s (BID) shares. As you might remember from my previous post, I added 2,650 shares of Sotheby’s for $24.55 per share on May 13, 2008. As you can see from the table above, I’m already up 7%. On the other hand, Mothers Work (MWRK) share price continues to disappoint.
Disclosure: I own all the shares mentioned in this post.
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Great performance. Doing better than most proffesional fund managers. I will be providing my update shortly, but I like the mix of stocks you have. Though with the start we have had for June, looks like this month is going to be tough. I am already down 3% for the month.
Great to discover this blog and am now a subscriber.
AndyS
http://www.savingtoinvest.com
Glad to hear you are subscribing, Andy.