March 31, 2022 Update Long/Short Portfolio

March 31, 2022 Update Long/Short Portfolio

March 31, 2022 - 8:09 pm

Our Long/Short Portfolio is up 15.87% YTD vs the S&P down 5.16%, bettering the broad market by over 20%!  Solid performance with the shorts adding nice profits to the group.

 

Total Invested $100,000              
Beg Year Balance $171,825              
Current Value $199,090              
YTD Return 15.87%              
                 
Position Weight Entry Date Shares Entry
Price
Current
Price
Position Cost Position Value Gain/Loss %
CASH 75.4%           $150,020.68  
                 
MSFT 10% 1/1/2021 67 $222.53 $308.31 $14,909.51 $20,656.77 38.5%
                 
MRNA 8% 1/1/2021 93 $107.23 $172.26 $9,972.39 $16,020.18 60.6%
USO 9% 2/22/2021 242 $41.30 $74.12 $9,994.60 $17,937.04 79.5%
FCX 6% 2/22/2021 259 $38.58 $49.74 $9,992.22 $12,882.66 28.9%
CVNA -4% 11/8/2021 -67 $295.00 $119.29 ($19,765.00) ($7,992.43) 59.6%
RH -5% 11/8/2021 -32 $654.50 $326.09 ($20,944.00) ($10,434.88) 50.2%
                 
                 
TOTAL 100%         Total Value $199,090.02  
            YTD Return $27,265.08 15.87%
                 
  Short Position         S&P Year to Date Return (5.16%)
            Dow Year to Date Return (4.73%)
            Nasdaq Year to Date Return (9.63%)

Same as the Long only perfolio we will reduce risk and add newer positions rotating out of the older ones as there is better opportunity for growth in recently beaten down stocks.  Sectors like energy, large-cap high tech, energy services, and financials could be areas where we deploy capital.

Housing, discretionary stocks, biotech and communication stocks seem to be poor areas of the market at this time.