Chris Lau - Seeking Alpha

Thursday, April 10, 2014

Q1 2014 Performance Review

Originally posted here: http://seekingalpha.com/instablog/71188-chris-lau/2828863-q1-2014-performance-review
To measure investment calls more accurately, positions added and removed throughout the quarter were recorded on Kapitall (off topic: which just made a major redesign today). The practice portfolio, which mirrors some of the real-world trades, peaked with a total return of 47.4%:
(click to enlarge)
The six-month performance looks much better, since it outperformed the S&P 500.
(click to enlarge)
6 Month return ~ 17%
Q1 2014 Return: ~7%
Chart as at April 10 2014
With the Nasdaq dropping 129.79 (3.10%) on April 10, 2014 and the S&P 500 dropping 39.10 points (2.09%), this portfolio might finally start to outperform the index.
The allocation in (AMD) continues to fluctuate. The chip maker is likely range-bound in the short term, but the intention is to build a large position throughout 2014. Closing below $4, AMD should be valued at much higher prices as profitability improves. The top three positions in this portfolio are:
  1. Bombardier (BDRAF)
  2. SeaDrill (SDRL)
  3. BlackBerry (BBRY)
Note: $66,000 / $144,425 available in the Kapitall portfolio is in cash.
Companies viewed as having value include: Nuance (NUAN) and Arena Pharma (ARNA).
Position in Kindred (KIN) and (ADHD) might increase in the current quarter.
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