Weekend Update - May 3rd 2014

Weekend Update

Beautiful spring weekend here. I need to take advantage of it as I will be on crutches probably the next 4 weekends post ACL surgery.  I may be spending this morning computer shopping.  My wife's computer, which is really the hub of our home network appears to have died.  It is about 5 years old, so it probably makes sense to replace rather than repair.  We use Carbonite, so I believe everything should be nicely backed up.

Week In Review

It was actually a very good week for my portfolios.  Overall, I was up 2.5% and I am now up 7.2% for the year.  Here is a table showing how individual stocks fared:

Index	Stock	4/25/2014	Current	Weekly          Change	Share
1	GTAT	16.09	16.91	5.1%	12.4%
2	GNW	17.34	17.81	2.7%	7.2%
3	KLIC	12.88	14.48	12.4%	5.7%
4	LMNS	8.83	8.74	-1.0%	5.1%
5	AOD	8.43	8.57	1.7%	4.4%
6	BBEP	20.34	20.13	-1.0%	4.2%
7	FGL	21.36	21.62	1.2%	4.0%
8	RPXC	16.62	16.56	-0.4%	3.5%
9	PM	84.11	85.38	1.5%	3.1%
10	NTC	12.40	12.58	1.5%	3.1%
11	ATVI	19.46	19.94	2.5%	2.9%
12	CSQ	11.23	11.26	0.3%	2.8%
13	TPVG	15.23	15.11	-0.8%	2.8%
14	TGONF	10.17	10.21	0.4%	2.6%
15	RIOM	2.05	1.98	-3.2%	2.6%
16	AHL	45.40	45.43	0.1%	2.5%
17	FSC	9.45	9.34	-1.2%	2.3%
18	CF	240.69	243.37	1.1%	2.0%
19	SNDK	84.35	85.64	1.5%	1.8%
20	BAC-WTA	7.86	7.50	-4.6%	1.7%
21	HIG-WT	26.38	27.21	3.1%	1.6%
22	WNR	41.39	43.26	4.5%	1.6%
23	KLAC	62.91	63.20	0.5%	1.5%
24	GA	11.74	11.73	-0.1%	1.5%
25	AGX	27.17	27.10	-0.3%	1.5%
26	SYNA	63.77	61.11	-4.2%	1.4%
27	AAPL	571.94	592.58	3.6%	1.4%
29	RDA	17.50	16.45	-6.0%	1.2%
30	AVG	18.50	19.20	3.8%	1.2%
34	NVDA	18.73	18.43	-1.6%	1.0%
36	FLR	75.73	75.45	-0.4%	1.0%

MFI Portfolio

Here is a table showing month by month how my MFI has done.  Recall, this assumes I started with $100,000 spread over 4 tranches (Aug 2012, Nov 2012, Feb 2013 and May 2013):

Date	Differential	Value
12/1/2012	-2.20%	99,765
1/1/2013	-1.78%	102,798
2/1/2013	-2.26%	102,594
3/1/2013	-2.23%	102,881
4/1/2013	-0.43%	106,804
5/1/2013	2.00%	110,423
6/1/2013	4.75%	115,831
7/1/2013	4.29%	114,888
8/1/2013	6.91%	124,799
9/1/2013	10.46%	124,536
10/1/2013	19.67%	138,655
11/1/2013	19.75%	143,514
12/1/2013	23.70%	150,105
1/1/2014	26.63%	157,138
2/1/2014	24.70%	150,619
3/1/2014	25.66%	158,116
4/1/2014	30.38%	162,991
5/1/2014	29.65%	162,428
Current	29.40%	162,121

So that is pretty solid.  Up to $162,121 and beating the R3K by 29.4%. Here are tables showing my four open tranches.  It will be the final time we get to see May 2013 in color.  I grey them out when they are "retired":

5/6/2013	Start	Current	Dividend	Pct Gain	R3K Gain
KLIC	$11.40	$14.48	$0.00	27.0%	19.1%
CYOU	$29.24	$28.02	$0.00	-4.2%	19.1%
RDA	$9.74	$16.45	$0.10	70.0%	19.1%
NVDA	$13.85	$18.43	$0.32	35.4%	19.1%
CF	$183.97	$243.37	$2.80	33.8%	19.1%
Totals				32.4%	19.1%
8/15/2013	Start	Current	Dividend	Pct Gain	R3K Gain
CF	$187.26	$243.37	$2.00	31.0%	14.7%
FLR	$66.06	$75.45	$0.53	15.0%	14.7%
AGX	$15.60	$27.10	$0.75	78.5%	14.7%
KLIC	$11.29	$14.48	$0.00	28.3%	14.7%
RPXC	$15.92	$16.56	$0.00	4.0%	14.7%
Totals				31.4%	14.7%
11/15/13 Stocks	Start	Current	Dividend	Pct Gain	R3K Gain
AVG	$17.22	$19.20	$0.00	11.5%	5.4%
ATVI	$17.71	$19.94	$0.20	13.7%	5.4%
GA	$9.04	$11.73	$0.23	32.4%	5.4%
RPXC	$17.04	$16.56	$0.00	-2.8%	5.4%
SYNA	$48.01	$61.11	$0.00	27.3%	5.4%
Totals				16.4%	5.4%
2/1/14 Stocks	Start	Current	Dividend	Pct Gain	R3K Gain
ATVI	$17.13	$19.94	$0.20	17.6%	5.4%
KLAC	$61.47	$63.20	$0.45	3.5%	5.4%
RPXC	$16.22	$16.56	$0.00	2.1%	5.4%
SNDK	$69.55	$85.64	$0.23	23.5%	5.4%
WNR	$39.11	$43.26	$0.26	11.3%	5.4%
Totals				11.6%	5.4%

As you can see, the 12 point pop in KLIC really helped.  Here is a table showing how the tranches are doing since they were started:

Category/Tranche	August	November	February	May	Total
Initial Investment	25,000	25,000	25,000	25,000	100,000
Current Tranche	31.4%	16.4%	11.6%	32.4%	23.2%
Previous Tranche	14.1%	43.7%	78.3%	0.0%	31.6%
MFI Overall Gain	49.8%	67.3%	98.9%	32.4%	62.1%
Current Balance	37,459	41,832	49,728	33,102	162,121
R3K Current Tranche	14.7%	44.1%	5.4%	19.1%	20.8%
R3K Overall Gain	40.1%	44.1%	27.7%	19.1%	32.7%
R3K Balance	35,017	36,013	31,919	29,772	132,721
Annualized IRR	26.6%	42.1%	73.3%	32.7%	47.3%

So again, you can see my 29 point advantage over R3K (right at $30,000).  You can see the February tranches have been the best, up 98.9% in aggregate.   Here are the retired tranches (so you can see the gray):

8/15/12 Stocks	Start	Current	Dividend	Pct Gain	R3K Gain
DLB	$34.43	$33.04	$4.00	7.6%	22.1%
KFY	$13.98	$18.95	$0.00	35.6%	22.1%
MSFT	$30.19	$31.92	$0.92	8.8%	22.1%
NSU	$3.62	$3.33	$0.12	-4.6%	22.1%
UIS	$19.96	$24.52	$0.00	22.8%	22.1%
Totals				14.1%	22.1%
11/15/12 Stocks	Start	Current	Dividend	Pct Gain	R3K Gain
AAPL	$537.62	$527.28	$8.75	-0.3%	36.7%
ABC	$40.21	$69.23	$0.86	74.3%	36.7%
LPS	$23.89	$34.26	$0.40	45.1%	36.7%
VIAB	$49.12	$80.94	$1.15	67.1%	36.7%
WU	$12.77	$16.40	$0.50	32.3%	36.7%
Totals				43.7%	36.7%
2/1/13 Stocks	Start	Current	Dividend	Pct Gain	R3K Gain
AAPL	$450.60	$500.66	$8.75	13.1%	21.1%
GA	$6.10	$11.01	$0.65	91.2%	21.1%
STRZA	$16.06	$27.98	$0.00	74.2%	21.1%
CA	$25.07	$32.08	$1.00	32.0%	21.1%
NUS	$41.94	$116.59	$1.20	180.8%	21.1%
Totals				78.3%	21.1%

Discretionary Portfolio

While this portfolio has had it's share of flops (think LMNS), some of the stalwarts (GTAT, GNW and the warrants for BAC and HIG) continue to make it a winner:

Stock	Shares	Avg Cost	Current    Price	Pct Change	R3K    Change	Diff
AHL	1,500	45.47	45.43	-0.1%	0.4%	-0.4%
BAC-WTA	6,000	5.35	7.50	40.2%	19.3%	20.9%
EDV	139	101.20	104.51	3.3%	2.8%	0.5%
GNW	11,000	9.16	17.81	94.5%	25.2%	69.3%
GTAT	20,000	7.06	16.91	139.4%	7.8%	131.6%
HIG-WT	1,650	21.24	27.21	28.1%	14.6%	13.5%
KLIC	7,000	11.48	14.48	26.2%	10.2%	15.9%
LMNS	16,000	12.71	8.74	-31.3%	-0.2%	-31.0%
RIOM	25,000	2.25	1.98	-12.1%	0.9%	-12.9%
Total Open				36.4%	7.7%	28.6%
Closed				2.6%	1.5%	1.2%
Combined				9.2%	2.7%	6.5%

Dividend Portfolio

Not always the flashiest or most exciting, this portfolio has been hanging in there nicely in 2014, up over 3%.

Stock	Shares	Avg Cost	Current Price	Dividends Received	Pct Change	R3K Change	Diff
AOD	14,005	8.02	8.57	8,532.19	14.4%	16.5%	-2.0%
BBEP	5,713	16.74	20.13	7,788.60	28.4%	10.1%	18.3%
CSQ	6,856	8.65	11.26	12,021.29	50.4%	50.3%	0.1%
FGL	5,000	20.94	21.62	195.00	3.4%	1.7%	1.7%
FSC	6,704	9.65	9.34	1,112.06	-1.5%	1.2%	-2.7%
NTC	6,691	12.01	12.58	1,135.35	6.2%	1.6%	4.6%
O	593	20.73	43.21	9,133.01	182.7%	109.3%	73.4%
OIBAX	4,125	5.00	6.15	8,067.44	62.2%	116.9%	-54.7%
PM	1,000	78.60	85.38	940.00	9.8%	1.0%	8.9%
TGONF	7,000	10.27	10.21	2,367.50	2.7%	14.5%	-11.8%
TPVG	5,029	15.55	15.11	450.00	-2.3%	-0.9%	-1.4%
Total Open				51,742	15.9%	14.1%	1.8%
Closed					12.3%	11.0%	1.3%
Combined					12.8%	11.5%	1.4%
Annualized IRR Since 12/31/10					17.6%
2014 Gain					3.3%

The dividends continue to pour in.  Multiplier adjusted, I have already collected over $5,000 in the quarter.  Looking at the stocks, it is very telling that NTC (a closed end municipal fund) is up 6.2% and PM is up 9.8%.  Since mid February, yield rates on treasuries have been in a decline, chich causes bond prices to rise (along with bond-like investments like PM).

Time to wrap it up. Need to go look at desktops (do they still sell them with Windows 7)?