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

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%  56.3% 97.7%  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%  77.3%  77.4%  N/C N/C N/C Sep 30, 2009 2.2% 25.6% 84.3%  41.3% 93.9%  N/C N/C Dec 31, 2009 82.8% 94.7%  69.2% 78.3%  79.2%  N/C N/C Mar 31, 2010 85.2% 91.7%  98.1%  94.6%  82.5%  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%  40.4% 90.9%  75.5%  97.1%  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)

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

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.