Long Short Portfolio June 2021 Update

Long Short Portfolio June 2021 Update

July 01, 2021 - 11:30 am

Our Long/Short Portfolio gained 6.3% for the month of June, and is up 40.6% YTD vs the S&P's gain of 16.8%.  Our last portfolio trades were on May 14th, and we didn't make any changes in June as we currently remain 100% long with 2% in cash.  Shares of PENN continue to underperform in both of our portfolios, however HMHC and MRNA have provided stellar returns.

At the present moment the uptrend is in tact and we are bullish on the overall market, even though prices are lofty and bargains aren't easy to find. We anticipate keeping this mix of positions for at least another 1-3 months we make major changes going into or in Q4.

 

Total Invested $100,000              
Current Value $140,596              
Gain/Loss 40.60%              
                 
Position Weight Entry Date Shares Entry
Price
Current
Price
Position Cost Position Value Gain/Loss %
CASH 2%         $3,035.98 $3,035.98  
DKNG 4% 1/1/2021 106 $47.00 $52.17 $4,982.00 $5,530.02 11.0%
MSFT 13% 1/1/2021 67 $222.53 $270.90 $14,909.51 $18,150.30 21.7%
PENN 6% 1/1/2021 117 $85.26 $76.49 $9,975.42 $8,949.33 -10.3%
MRNA 16% 1/1/2021 93 $107.23 $234.98 $9,972.39 $21,853.14 119.1%
USO 9% 2/22/2021 242 $41.30 $49.88 $9,994.60 $12,070.96 20.8%
FCX 7% 2/22/2021 259 $38.58 $37.11 $9,992.22 $9,611.49 -3.8%
HMHC 26% 3/5/2021 3250 $6.14 $11.04 $19,955.00 $35,880.00 79.8%
VWAGY 18% 3/5/2021 776 $25.76 $32.88 $19,989.76 $25,514.88 27.6%
                 
                 
TOTAL 100%           $140,596.10 40.60%
                 
            S&P Year to Date Return 16.83%
  Short Position         Dow Year to Date Return 15.04%
            Nasdaq Year to Date Return 14.87%