Long/Short Portfolio April 2022 Update

Long/Short Portfolio April 2022 Update

April 30, 2022 - 2:28 pm

We didn't make any trades in April in this portfolio, and we're ahead of the S&P YTD by a margin of 27%. Our short positions in CVNA and RH have contributed more than all of our total gains this year.  We have $150,000 in cash and will use that conservatively since we're in a bear market environment.  Our four long positions are performing very well, and they're fairly diversified.  Nothing too exciting to report this month, but it's great to see this portfolio do very well for another year.

 

Total Invested $100,000              
Beg Year Balance $171,825              
Current Value $195,651              
YTD Return 13.87%              
                 
Position Weight Entry Date Shares Entry
Price
Current
Price
Position Cost Position Value Gain/Loss %
CASH 76.7%           $150,020.68  
MSFT 10% 1/1/2021 67 $222.53 $277.52 $14,909.51 $18,593.84 24.7%
MRNA 6% 1/1/2021 93 $107.23 $134.41 $9,972.39 $12,500.13 25.3%
USO 10% 2/22/2021 242 $41.30 $77.16 $9,994.60 $18,672.72 86.8%
FCX 5% 2/22/2021 259 $38.58 $40.55 $9,992.22 $10,502.45 5.1%
CVNA -2% 11/8/2021 -67 $295.00 $57.96 ($19,765.00) ($3,883.32) 80.4%
RH -5% 11/8/2021 -32 $654.50 $336.12 ($20,944.00) ($10,755.84) 48.6%
                 
                 
                 
                 
TOTAL 100%         Total Value $195,650.66  
            YTD Return $23,825.72 13.87%
                 
  Short Position         S&P Year to Date Return (13.49%)
            Dow Year to Date Return (9.40%)
            Nasdaq Year to Date Return (21.92%)