Close the HMHC position

Close the HMHC position

March 22, 2022 - 1:57 pm

Shares of Houghton Mifflin (HMHC) have maxed out around the current price as the company was acquired, thus we're closing the position with shares at $20.91 and adding to our existing cash balance of $82.063.18 with the sale proceeds. This was a killer position as it returned 240% from our purchase price of $6.14 back in March 2021.

Current positions are as shown below prior to the sale of HMHC.

Total Invested $100,000              
Beg Year Balance $171,825              
Current Value $198,260              
YTD Return 15.38%              
                 
Position Weight Entry Date Shares Entry
Price
Current
Price
Position Cost Position Value Gain/Loss %
CASH 41.4%           $82,063.18  
                 
MSFT 10% 1/1/2021 67 $222.53 $304.06 $14,909.51 $20,372.02 36.6%
HMHC 34% 3/5/2021 3250 $6.14 $20.91 $19,955.00 $67,957.50 240.6%
MRNA 9% 1/1/2021 93 $107.23 $186.72 $9,972.39 $17,364.96 74.1%
USO 10% 2/22/2021 242 $41.30 $78.56 $9,994.60 $19,011.52 90.2%
FCX 7% 2/22/2021 259 $38.58 $49.86 $9,992.22 $12,913.74 29.2%
CVNA -5% 11/8/2021 -67 $295.00 $141.28 ($19,765.00) ($9,465.76) 52.1%
RH -6% 11/8/2021 -32 $654.50 $373.66 ($20,944.00) ($11,957.12) 42.9%
                 
                 
TOTAL 100%         Total Value $198,260.04  
            YTD Return $26,435.10 15.38%
                 
  Short Position         S&P Year to Date Return (6.15%)
            Dow Year to Date Return (4.49%)
            Nasdaq Year to Date Return (12.01%)

 

The portfolio without HMHC is detailed below:

Total Invested $100,000              
Beg Year Balance $171,825              
Current Value $198,260              
YTD Return 15.38%              
                 
Position Weight Entry Date Shares Entry
Price
Current
Price
Position Cost Position Value Gain/Loss %
CASH 75.7%           $150,020.68  
                 
MSFT 10% 1/1/2021 67 $222.53 $304.06 $14,909.51 $20,372.02 36.6%
                 
MRNA 9% 1/1/2021 93 $107.23 $186.72 $9,972.39 $17,364.96 74.1%
USO 10% 2/22/2021 242 $41.30 $78.56 $9,994.60 $19,011.52 90.2%
FCX 7% 2/22/2021 259 $38.58 $49.86 $9,992.22 $12,913.74 29.2%
CVNA -5% 11/8/2021 -67 $295.00 $141.28 ($19,765.00) ($9,465.76) 52.1%
RH -6% 11/8/2021 -32 $654.50 $373.66 ($20,944.00) ($11,957.12) 42.9%
                 
                 
TOTAL 100%         Total Value $198,260.04  
            YTD Return $26,435.10 15.38%
                 
  Short Position         S&P Year to Date Return (6.15%)
            Dow Year to Date Return (4.49%)
            Nasdaq Year to Date Return (12.01%)

At this time we're not adding long positions to this portfolio considering the strong outperformance vs the S&P year to date, and the potential for a pull back in markets over the near term.