In my post yesterday, I talked about JPM and how any issues from latest stress test and Congressional hearings were short term noise. I changed my mind. I become more convinced that JPM does not have as good of controls on their risk as I had thought. I had had a nice run with them and decided to sell. They were my 4th largest holding, so it was a major decision.
I also sold my PVD at the end of the day. Readers will recall I had bought this stock over a year and a half ago, and they were bought by MET at the end of January. However, the stock price was not really reflecting the buy out price (in part because the price was a combination of cash, sales of Mexican business and the May Dividend and only estimates of the second and third pieces were available). But when they hit $105 yesterday, that was good enough for me.
So I am flush in cash. I do have my shopping list ready, and I have added a couple of extra names. Here is the list:
| Stock | Amount | Yield | Dividend | Current | 11-Feb | Change |
| Total | 485,107 | 5.9% | 28,580 | |||
| CIM | 15,399 | 11.3% | 1,743 | 3.18 | 3.06 | 3.9% |
| O | 15,000 | 4.9% | 728 | 44.74 | 43.63 | 2.5% |
| STO | 15,000 | 4.0% | 600 | 24.52 | 26.19 | -6.4% |
| PRE | 15,000 | 2.8% | 417 | 92.10 | 89.00 | 3.5% |
| FCX | 14,454 | 3.7% | 535 | 33.80 | 35.33 | -4.3% |
| INTC | 15,000 | 4.2% | 632 | 21.38 | 21.03 | 1.6% |
| CSCO | 15,000 | 2.6% | 383 | 21.93 | 21.27 | 3.1% |
| SAI | 15,000 | 3.8% | 575 | 12.53 | 11.99 | 4.5% |
| PSEC | 45,000 | 11.7% | 5,265 | 11.30 | 11.35 | -0.5% |
| PM | 45,000 | 4.0% | 1,800 | 91.37 | 90.35 | 1.1% |
| BX | 45,000 | 4.0% | 1,800 | 20.89 | 18.11 | 15.4% |
| KKR | 45,000 | 7.0% | 3,150 | 19.51 | 17.01 | 14.7% |
| RIG | 45,000 | 4.2% | 1,890 | 53.56 | 55.75 | -3.9% |
| GA | 30,000 | 6.7% | 2,000 | 6.28 | 6.19 | 1.5% |
| ABR | 32,310 | 6.2% | 2,003 | 8.21 | 7.17 | 14.5% |
| NEM | 32,944 | 3.5% | 1,162 | 39.68 | 44.49 | -10.8% |
| TCPC | 45,000 | 8.7% | 3,899 | 16.16 | 14.49 | 11.5% |
I have already bought the ones in yellow. The ones at the top are just add-ons to current holdings. PSEC and down are "new". No rush on any of these. I am actually waiting for the market to come back to me a bit.
Current Dividend Portfolio
With my selling off a few of my bigger winners, the differential between my open positions and the benchmark is narrowing. Although the closed differential is widening. Here are my current holdings:
| Stock | Shares | Avg Cost | Current Price | Dividends Received | Pct Change | R3K Change | Diff |
| AAPL | 151 | 527.49 | 443.66 | 397.50 | -15.4% | 10.7% | -26.1% |
| ABR | 4,567 | 7.19 | 8.21 | 540.00 | 15.8% | 2.9% | 12.8% |
| AOD | 12,968 | 3.91 | 4.11 | 270.00 | 5.5% | 4.6% | 0.9% |
| BHK | 2,282 | 12.79 | 14.06 | 3,283.90 | 21.1% | 16.3% | 4.9% |
| CIM | 20,000 | 2.77 | 3.18 | - | 14.7% | 6.1% | 8.6% |
| CSCO | 4,292 | 17.22 | 21.93 | 2,013.95 | 30.1% | 18.0% | 12.1% |
| CSQ | 5,556 | 8.30 | 10.41 | 6,384.92 | 39.2% | 33.9% | 5.3% |
| FCX | 1,560 | 32.17 | 33.80 | 343.75 | 5.7% | 9.0% | -3.3% |
| INTC | 1,996 | 20.99 | 21.38 | 2,442.56 | 7.7% | 27.4% | -19.7% |
| JQC | 3,157 | 9.19 | 10.28 | 3,972.16 | 25.6% | 16.0% | 9.5% |
| KMF | 1,873 | 22.08 | 31.71 | 4,453.63 | 54.4% | 30.3% | 24.1% |
| NEM | 809 | 41.16 | 39.68 | 340.00 | -2.6% | 4.5% | -7.1% |
| O | 563 | 19.61 | 44.74 | 7,665.26 | 197.5% | 83.2% | 114.4% |
| OIBAX | 3,972 | 4.95 | 6.54 | 6,982.85 | 67.6% | 84.1% | -16.5% |
| PGR | 2,118 | 20.56 | 25.13 | 2,596.23 | 28.2% | 15.9% | 12.3% |
| PRE | 540 | 67.59 | 92.10 | 1,628.69 | 40.7% | 16.2% | 24.6% |
| RIG | 850 | 52.65 | 53.56 | - | 1.7% | 0.4% | 1.4% |
| SAI | 4,726 | 12.83 | 12.53 | 1,938.29 | 0.9% | 11.4% | -10.5% |
| STO | 1,040 | 23.82 | 24.52 | 1,121.00 | 7.5% | 33.3% | -25.8% |
| Total Open | 46,375 | 18.6% | 17.1% | 1.5% | |||
| Closed | 15.2% | 10.8% | 4.4% | ||||
| Combined | 16.1% | 12.4% | 3.7% | ||||
| Annualized IRR Since 12/31/10 | 17.4% | ||||||
| 2013 Gain | 8.6% | ||||||
| Stock | Start Price | Current | Dividend | Change | Status |
| CIM | 2.61 | 3.18 | $ - | 21.9% | Open |
| GTAT | 3.53 | 3.68 | $ - | 4.5% | Closed |
| NUGT | 10.14 | 10.19 | $ - | 0.5% | Closed |
| GNW | 8.10 | 10.49 | $ - | 29.5% | Open |
| SCO | 39.46 | 38.84 | $ - | -1.6% | Closed |
| CIM | 2.80 | 3.18 | $ - | 13.7% | Open |
| CDE | 23.85 | 24.42 | $ - | 2.4% | Closed |
| AOD | 3.90 | 4.11 | $ 0.03 | 6.2% | Open |
| VECO | 33.27 | 32.85 | $ - | -1.3% | Closed |
| NUGT | 8.09 | 8.23 | $ - | 1.7% | Closed |
| NUGT | 7.76 | 7.87 | $ - | 1.5% | Closed |
| AAPL | 450.60 | 443.66 | $ 2.65 | -1.0% | Open |
| GA | 6.10 | 6.28 | $ - | 3.0% | Open |
| STRZA | 16.06 | 20.94 | $ - | 30.4% | Open |
| CA | 25.07 | 25.44 | $ 0.25 | 2.5% | Open |
| NUS | 41.94 | 41.10 | $ 0.30 | -1.3% | Open |
| CIM | 3.08 | 3.18 | $ - | 3.3% | Open |
| ABR | 7.18 | 8.21 | $ 0.12 | 16.0% | Open |
| SD | 5.74 | 5.93 | $ - | 3.3% | Closed |
| FCX | 32.12 | 33.80 | $ - | 5.2% | Open |
| AOD | 3.97 | 4.11 | $ - | 3.5% | Open |
| NUGT | 6.14 | 5.41 | $ - | -11.9% | Open |
| NEM | 41.18 | 39.68 | $ 0.43 | -2.6% | Open |
| GTAT | 2.73 | 2.91 | $ - | 6.6% | Open |
| RIG | 52.65 | 53.56 | $ - | 1.7% | Open |
| SD | 5.89 | 5.63 | $ - | -4.4% | Open |
| SD | 5.64 | 5.63 | $ - | -0.2% | Open |
| Total | 4.7% | ||||
| Average Days held | 27.4 |
So on average, my 2013 buys have gained 4.7%. I have held on average
27.3 days. Hard to tell if that is really good or really bad, but it
feels pretty decent to me.
Upcoming Dividends
Upcoming Dividends
| Stock | Shares | x Date | Div/Share | Est New Shares | Amount |
| AOD | 12,968 | 3/19/13 | $ 0.03 | 85.0 | 350 |
| CIM | 20,000 | 3/27/13 | $ 0.09 | 566.0 | 1,800 |
| OIBAX | 3,972 | 3/31/13 | $ 0.02 | 12.0 | 79 |
| O | 563 | 3/31/13 | $ 0.18 | 2.0 | 102 |
| CSCO | 4,292 | 4/3/13 | $ 0.14 | 27.0 | 601 |
| CSQ | 5,556 | 4/11/13 | $ 0.07 | 37.0 | 389 |
| SAI | 4,726 | 4/11/13 | $ 0.12 | 45.0 | 567 |
| FCX | 1,550 | 4/11/13 | $ 0.31 | 14.0 | 484 |
| JQC | 3,157 | 4/13/13 | $ 0.07 | 21.0 | 218 |
| BHK | 2,282 | 4/13/13 | $ 0.07 | 11.0 | 167 |
| KMF | 1,873 | 4/18/13 | $ 0.44 | 26.0 | 829 |
I will give more updates later this weekend.
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