Two Roads Diverged Portfolio: January 2008 Holdings
After the purchase of Oyo Geospace on Monday and the market’s recent movements, I think it is a good time to review the current holdings of the Two Roads Diverged Portfolio. The table below represents the portfolio’s holdings as of the market close on January 14. Previous holdings can be viewed within my introduction to this portfolio.
| Company | % Portfolio | YTD Return | Inception Return |
|---|---|---|---|
| Yamana Gold (NYSE: AUY) | 19.15% | 31.22% | 34.58% |
| Dawson Geophysical (NASD: DWSN) | 17.50% | 8.58% | 74.21% |
| Ctrip (NASD: CTRP) | 13.05% | -4.73% | 91.82% |
| Oyo Geospace (NASD: OYOG) | 11.80% | -19.87% | 10.18% |
| Netflix (NASD: NFLX) | 11.74% | -14.46% | -5.25% |
| Middleby (NASD: MIDD) | 10.23% | -17.12% | 36.11% |
| ADP (NYSE: ADP) | 6.48% | -9.13% | 8.09% |
| Jupitermedia (NASD: JUPM) | 4.34% | -15.97% | 38.46% |
| Cash | 5.71% | ||
| Combined | 100.00% | -2.40% | 8.12% |
| S&P500 | -3.49% | 8.47% |
The returns noted above are annualized and include both buys and sells. For example, Jupitermedia has been on the decline, but I have managed to buy at lower points and sell at higher points. The returns above are the returns in this portfolio based on trading activity.It’s interesting for me to note how quickly these percentages can change. Late in 2007, Oyo Geospace was over $100 per share. It’s now in the 50s. Yamana Gold was languishing below $13 per share. Then it rose above $17.
The portfolio as a whole benefits from high commodity prices and also provides some currency protection. This helped tremendously in 2007, and I don’t see too many big changes in 2008. I am still planning an entry on my outlook for these companies and the portfolio as a whole for 2008, but I need to finish my analysis of ADP first.
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