MFI Progression

One thing I have been doing during my new foray into Magic Formula Investing is taking a snapshot at the end of each month, so see how the composite open portfolios are doing on average versus the Russell 3000. This time series really illustrates what I have been seeing the the broader MFI space where all my open tracking portfolios have turned green after over two years of woeful under-performance.

Recall my 4 tranches came on line 8/15, 11/15, 2/1 and 5/6/13

11/30/12. -2.2%
12/31/12. -1.8%
1/31/13.  -2.3%
2/28/13. -2.2%
3/31/13. -0.4% (gaining ground!)
4/30/13. +2.0%
5/30/13. +5.1%

So the acceleration versus the Russell 3000, which has not been a laggard, in the past ninety days is pretty astonishing.  If you look at just my last three tranches, they are up overall on average by 21% and are beating the index by over nine points. Pretty exciting stuff!  And just think, I did not include GTAT in all of this, which I bought in my discretionary portfolio on march 4th (basically a double share of my MFI stocks) and it is up an eye popping 68%.