Long/Short Portfolio Update February 2023

March 01, 2023 - 11:09 am

Year to date our Long/Short Portfolio lags the performance of the S&P index by 1%, and we are weighted 58% in Cash.  Not a bad return with a Portfolio that has a Beta of 0.44. Our 4 long positions we added back in December are all up, and we are happy with the current performance and allocation. We may lag the market for a period of time until we have a pullback.  At which time we expect our low Beta to be a stabilizer against steep losses.

We also have a large stable of Cash to deploy into a weakening market to take advantage of a pull back, which we haven't seen yet in a meaningful way. Here are our current positions in this portfolio:

 

Total Invested	$100,000
Beg Year Balance	$218,008
Current Value	$224,644
YTD Return	3.04%
Position	Weight	Entry Date	Shares	Entry Price	Current Price	Position Cost	Position Value	Gain/Loss %
CASH	57.9%						$130,045.43
FCX	5%	2/22/2021	259	$38.58	$40.97	$9,992.22	$10,611.23	6.2%
CRM	15%	12/14/2022	200	$130.90	$163.61	$26,180.00	$32,722.00	25.0%
OKTA	8%	12/14/2022	250	$69.80	$71.29	$17,450.00	$17,822.50	2.1%
QFIN	9%	12/14/2022	1000	$18.00	$20.36	$18,000.00	$20,360.00	13.1%
NEM	6%	12/14/2022	300	$46.90	$43.61	$14,070.00	$13,083.00	7.0%
TOTAL	100%					Total Value	$224,644.16
						YTD Return	$6,636.23	3.04%
	Short Position					S&P Year to Date Return		4.05%
						Dow Year to Date Return		(1.16%)
						Nasdaq Year to Date Return		11.00%