Long/Short Portfolio November 2022 Update

November 30, 2022 - 7:58 pm

This portfolio continue to perform far better than the broad market indexes and our Long only portfolio this year.  For those of you who tracked our performance in 2021 this portfolio performed ~13-14% worse than the Long only portfolio that year, still returning 71.8% for 2021.

YTD we're at a gain of 21.43% vs the Nasdaq down 26%, or the S&P down 3.7%.  There's no doubt that the outsized returns from the short positions in CVNA and RH have helped fuel the gains.  As tech looks to get weaker we'll likely trim or cut the position in MSFT, and we're also watching oil/energy as another area to possibly trim. 

The portfolio is as follows through today for the end of November.

Total Invested	$100,000
Beg Year Balance	$171,825
Current Value	$208,643
YTD Return	21.43%
Position	Weight	Entry Date	Shares	Entry Price	Current Price	Position Cost	Position Value	Gain/Loss %
CASH	75.5%						$157,580.68
MSFT	8%	1/1/2021	67	$222.53	$255.14	$14,909.51	$17,094.38	14.7%
MRNA	8%	1/1/2021	93	$107.23	$175.91	$9,972.39	$16,359.63	64.0%
USO	8%	2/22/2021	242	$41.30	$70.23	$9,994.60	$16,995.66	70.0%
FCX	5%	2/22/2021	259	$38.58	$39.80	$9,992.22	$10,308.20	3.2%
CVNA	0%	11/8/2021	-67	$295.00	$7.71	($19,765.00)	($516.57)	97.4%
RH	-4%	11/8/2021	-32	$654.50	$286.83	($20,944.00)	($9,178.56)	56.2%
TOTAL	100%					Total Value	$208,643.42
						YTD Return	$36,818.48	21.43%
	Short Position					S&P Year to Date Return		(13.67%)
						Dow Year to Date Return		(3.70%)
						Nasdaq Year to Date Return		(26.60%)