January 2023 Long/Short Portfolio Update

January 2023 Long/Short Portfolio Update

February 02, 2023 - 6:45 pm

Markets have been cranking higher since the end of December, and our Long/Short Portfolio has been 100% long over this period.  This has helped us generate a 8.18% YTD return through Jan vs. the 7.4% return for the S&P.  We will be adding shorts as stocks are looking frothy again in some sectors.  All of a sudden retail investors think that companies that don't make money or have long-term viable businesses are worth a lot more than they were 2 months ago. 

We have a great short list of stocks that are shortable, and upon the right market signals we'll be adding them to this portfolio.  In the meantime, our long positions are solid, and we have 55.1% in cash with $130K ready to deploy. Should be a great year :-)

 

Total Invested $100,000              
Beg Year Balance $218,008              
Current Value $235,831              
YTD Return 8.18%              
                 
Position Weight Entry Date Shares Entry
Price
Current
Price
Position Cost Position Value Gain/Loss %
CASH 55.1%           $130,045.43  
FCX 5% 2/22/2021 259 $38.58 $43.71 $9,992.22 $11,320.89 13.3%
CRM 15% 1/1/2021 200 $130.90 $174.64 $26,180.00 $34,928.00 33.4%
OKTA 9% 2/22/2021 250 $69.80 $81.27 $17,450.00 $20,317.50 16.4%
QFIN 10% 2/22/2021 1000 $18.00 $23.49 $18,000.00 $23,490.00 30.5%
NEM 7% 11/8/2021 300 $46.90 $52.43 $14,070.00 $15,729.00 -11.8%
                 
                 
                 
                 
                 
TOTAL 100%         Total Value $235,830.82  
            YTD Return $17,822.89 8.18%
                 
  Short Position         S&P Year to Date Return 7.42%
            Dow Year to Date Return 2.75%
            Nasdaq Year to Date Return 17.06%