Monday, December 24, 2007

Portfolio A1 Reshuffles Holdings for Holidays

Portfolio A1 continued its strong performance last week, with cumulative gains of 18.9% since the portfolio’s February 16th inception – 16.9% better than the 2.0% return of the benchmark S&P 500 index during this period.

Notwithstanding the excellent recent run, this high turnover portfolio continues to seek out better opportunities and therefore dropped DryShips (DRYS) and Fresh Del Monte Produce (FDP), replacing them with Norwegian energy and aluminum giant Norsk Hydro (NHYDY), as well as The Pepsi Bottling Group (PBG), a Pepsi subsidiary. I find the Pepsi move a little surprising, especially since the portfolio had already experimented with PepsiAmericas (PAS) in November. How can a computer program have an affinity for a particular brand…?

There are no additional changes to the portfolio this week.

A snapshot of the portfolio is as follows:


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