All positions of 1.0% or more are shown each week. Being a long only fund, via Marketocracy rules, the only hedges to the downside I have are cash or buying short ETFs.
Previous weekly fund changes can be found here.
Cash: 23.0% (vs 22.5% last week)
58 positions (vs 57 last week)
55 long bias: 68.1% (vs 65.7% last week)
3 short bias: 8.9% (vs 11.8% last week and close to 14% early Friday)
Top 10 positions (excluding cash): 30.1% of fund (vs 33.7% last week)
33 of the 58 positions are at least 1% of the fund's overall holdings
Major changes and weekly thoughts
Another relatively quiet week - despite volatility, not much really happened this week - the large caps moved up and the small caps remained weak. Essentially everyone is waiting for next Tuesday. Some of the major changes to the fund this week:
- Closed the fund's position in Akamai Technologies (AKAM) - click to read why
- Sold 75% of the fund's position in CME Group (CME) - click to ready why
- Sold some General Cable (BGC) due to the huge run after the announcement of it's purchase to make it a more global operation. Stock is now down to 1.0% of the portfolio.
- Initiated positions in 2 coal producers, Peabody Energy (BTU) and Consol Energy (CNX) - click to read why
- Added to the fund's Suntech Power (STP) position - click to read why
- Cut back on my Russell 2000 and financial related short ETFs ahead of the Fed meeting to raise cash.
