Portfolio Update Jan 31, 2021

Portfolio Update Jan 31, 2021

January 31, 2021 - 6:10 pm

The Long/Short virtual portfolio returned 15.2% in January vs the S&P's -1.4% loss. We're very happy with the performance of this basket of 8 long and 4 short stocks.  We're holding stead on all positions for now, and may sell the Moderna position since it's had a strong rally. Our short positions are in a good spot as the VIX is rising and the market has been fading. Earlier last week we had a day where every sector was down, and the short squeeze action is causing major hedge funds to liquidate positions that are being hurt as collateral damage to the run up in GME, AMC and other popular shorts.

 

Total Invested $100,000.00              
Current Value $115,219.28              
Gain/Loss 15.20%              
                 
Position Weight Entry Date Shares Entry
Price
Current
Price
Position Cost Position Value Gain/Loss %
CASH 70%         $70,322.72 $70,322.72  
DKNG 5% 1/1/2021 106 $47.00 $54.11 $4,982.00 $5,735.66 15.10%
MSFT 15% 1/1/2021 67 $222.53 $231.96 $14,909.51 $15,541.32 4.20%
PENN 10% 1/1/2021 117 $85.26 $103.72 $9,975.42 $12,135.24 21.70%
MRNA 10% 1/1/2021 93 $107.23 $173.16 $9,972.39 $16,103.88 61.50%
VRM -10% 1/1/2021 -245 $40.93 $36.83 ($10,027.85) ($9,023.35) 10.00%
UAL -10% 1/1/2021 -229 $43.68 $39.99 ($10,002.72) ($9,157.71) 8.40%
HLT -10% 1/1/2021 -91 $110.97 $101.39 ($10,098.27) ($9,226.49) 8.60%
LL -5% 1/1/2021 -161 $31.20 $27.96 ($5,023.20) ($4,501.56) 10.40%
BE 10% 1/1/2021 343 $29.14 $34.91 $9,995.02 $11,974.13 19.80%
QCOM 15% 1/1/2021 98 $153.01 $156.28 $14,994.98 $15,315.44 2.10%
TOTAL 100%         $100,000.00 $115,219.28 15.20%
                 
           
S&P Year to Date Return
-1.40%
  Short Position        
Dow Year to Date Return
-1.00%
           
Nasdaq Year to Date Return
-0.20%