Weekend Update - Dad's Dance

Weekend Update - Happy Father's Day

If you haven't seen our "Father of the Year" on the Tonight Show yet from Thursday night, you need to check it out. Pretty funny stuff.  Another week is in the book, really starting to be full-fledged summer here in Southern New England.  It was (as I hinted in my previous post) a most excellent week and 2014 is actually starting to look like a solid year.

Here is a table showing my holdings and how they did last week:

Index	Stock	5/30/2014	Current	Weekly Change	Share
1	GTAT	15.99	18.32	14.6%	9.9%
2	GNW	17.95	17.43	-2.9%	7.4%
3	KLIC	14.47	14.45	-0.1%	5.0%
4	BBEP	21.77	22.00	1.1%	4.8%
5	AOD	8.91	8.91	0.0%	4.8%
6	RPXC	16.58	17.13	3.3%	3.7%
7	TZA	15.44	15.21	-1.5%	3.5%
8	RIOM	1.70	2.00	17.6%	3.5%
9	PM	88.33	88.45	0.1%	3.4%
10	ATVI	20.92	21.41	2.3%	3.3%
11	NTC	12.67	12.60	-0.6%	3.3%
12	GPS	42.06	41.10	-2.3%	3.2%
13	CSQ	11.98	11.81	-1.4%	3.1%
14	FSC	9.40	9.35	-0.5%	3.0%
15	TPVG	15.30	15.27	-0.2%	3.0%
16	TGONF	9.91	9.89	-0.2%	2.7%
17	AVG	20.09	20.44	1.7%	2.6%
18	BAC-WTA	7.25	7.17	-1.1%	2.2%
19	SNDK	100.01	98.47	-1.5%	2.2%
20	NADL	10.96	10.97	0.1%	2.1%
21	SYNA	67.74	84.59	24.9%	2.0%
22	IGT	15.71	15.86	1.0%	1.8%
23	AGX	34.08	31.52	-7.5%	1.8%
24	TIME	22.89	23.15	1.1%	1.8%
25	HIG-WT	27.66	27.08	-2.1%	1.7%
26	KLAC	66.97	68.57	2.4%	1.7%
27	GA	11.77	11.76	-0.1%	1.6%
28	WNR	40.04	40.27	0.6%	1.6%
29	CSCO	24.83	24.70	-0.5%	1.3%
30	RCII	29.07	28.59	-1.7%	1.1%
31	CA	29.35	28.94	-1.4%	1.1%
32	CF	245.49	235.24	0.0%	1.1%
33	NSR	26.67	24.37	-8.6%	1.1%
34	FLR	79.40	77.64	-2.2%	1.0%
35	O	44.07	43.85	-0.5%	1.0%
36	OIBAX	6.20	6.18	2.2%	1.0%
37	EDV	103.19	104.05	1.8%	0.6%
38				2.2%

Obviously it helps to have largest holding, GTAT up 14%. But RIOM and SYNA also had monster weeks.  I am now up 12.7% for the year.

MFI Tranches

 My four MFI tranches continue to do very, very well.  The newest one, May 6th 2014, is laggiug a bit, but in aggregate the tranches are smoking, up over 70% since I began and thrashing the bench mark by about 36%.  Here is a table showing month by month progression of cumulative value of my four tranches (assuming I started with $25,000 in each one):

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
6/1/2014	32.14%	167,001
Current	36.35%	172,246

As you can see, it just keeps marching upwards.  I know at some point there will be a pullback, but I am enjoying it in the interim.  Here are my four open tranches:

8/15/2013	Start	Current	Dividend	Pct Gain	R3K Gain
CF	$187.26	$235.24	$3.00	27.2%	18.2%
FLR	$66.06	$77.64	$0.53	18.3%	18.2%
AGX	$15.60	$31.52	$0.75	106.9%	18.2%
KLIC	$11.29	$14.45	$0.00	28.0%	18.2%
RPXC	$15.92	$17.13	$0.00	7.6%	18.2%
Totals				37.6%	18.2%
11/15/13 Stocks	Start	Current	Dividend	Pct Gain	R3K Gain
AVG	$17.22	$20.44	$0.00	18.7%	8.7%
ATVI	$17.71	$21.41	$0.20	22.0%	8.7%
GA	$9.04	$11.76	$0.23	32.7%	8.7%
RPXC	$17.04	$17.13	$0.00	0.5%	8.7%
SYNA	$48.01	$84.59	$0.00	76.2%	8.7%
Totals				30.0%	8.7%
2/1/14 Stocks	Start	Current	Dividend	Pct Gain	R3K Gain
ATVI	$17.13	$21.41	$0.20	26.2%	8.7%
KLAC	$61.47	$68.57	$0.90	13.0%	8.7%
RPXC	$16.22	$17.13	$0.00	5.6%	8.7%
SNDK	$69.55	$98.47	$0.23	41.9%	8.7%
WNR	$39.11	$40.27	$0.52	4.3%	8.7%
Totals				18.2%	8.7%
5/6/2014	Start	Current	Dividend	Pct Gain	R3K Gain
AVG	$19.57	$20.44	$0.00	4.4%	3.4%
CA	$29.54	$28.94	$0.25	-1.2%	3.4%
CSCO	$22.79	$24.70	$0.00	8.4%	3.4%
NSR	$25.82	$24.37	$0.00	-5.6%	3.4%
RCII	$28.78	$28.59	$0.00	-0.7%	3.4%
Totals				1.1%	3.4%

Category/Tranche	August	November	February	May	Total
Initial Investment	25,000	25,000	25,000	25,000	100,000
Current Tranche	37.6%	30.0%	18.2%	1.1%	22.3%
Previous Tranche	14.1%	43.7%	78.3%	33.0%	40.9%
MFI Overall Gain	56.9%	86.9%	110.7%	34.4%	72.2%
Current Balance	39,236	46,725	52,672	33,612	172,246
R3K Current Tranche	18.2%	48.6%	8.7%	3.4%	19.7%
R3K Overall Gain	44.4%	48.6%	31.7%	23.0%	35.9%
R3K Balance	36,109	37,140	32,922	29,722	135,894
Annualized IRR	27.9%	48.6%	72.6%	30.6%	51.3%

You can see my annualized IRR is 51.3%. That is outstanding.

Dividend Portfolio

Of course the joy in this portfolio is seeing the dividends roll in.  So far this quarter (using my multiplier) I have actually had $12,146 show up in my bank account. It becomes real when you see income. I had a bunch of stuff go x-dividend this week: NADL, FSC and NTC.

Stock	Shares	Avg Cost	Current Price	Dividends Received	Pct Change	R3K Change	Diff
AOD	14,096	8.03	8.91	9,323.45	19.2%	20.0%	-0.8%
BBEP	5,713	16.74	22.00	8,736.99	40.6%	13.6%	27.0%
CSQ	6,905	8.67	11.81	13,141.31	58.1%	54.6%	3.6%
FSC	8,324	9.57	9.35	2,368.90	0.7%	4.0%	-3.3%
GPS	2,000	40.55	41.10	-	1.4%	3.0%	-1.6%
NADL	5,000	9.59	10.97	1,200.00	17.0%	1.6%	15.3%
NTC	6,722	12.01	12.60	1,896.44	7.2%	4.8%	2.5%
O	595	20.83	43.85	9,241.39	185.0%	115.0%	70.1%
OIBAX	4,136	5.00	6.18	8,133.26	62.9%	123.4%	-60.4%
PM	1,000	78.60	88.45	940.00	13.7%	4.2%	9.6%
TGONF	7,000	10.27	9.89	2,367.50	-0.4%	18.1%	-18.6%
TIME	2,000	22.89	23.15	-	1.1%	-0.8%	1.9%
TPVG	5,029	15.55	15.27	1,958.70	0.7%	2.3%	-1.6%
Total Open				59,308	18.3%	15.7%	2.6%
Closed					11.9%	10.8%	1.1%
Combined					13.0%	11.7%	1.4%
Annualized IRR Since 12/31/10					17.8%
2014 Gain					5.5%

I did add TIME to this portfolio this week. I continue to be satisfied with this portfolio.  I have made some huge mistakes in early sells (INTC and SLCA come to mind), but c'est la vie.

Stock	Shares	Ann Dividend / Share	Yield	Projected Dividend	Worth
AOD	14,096	0.68	7.6%	9,557	125,595
BBEP	5,713	1.95	8.9%	11,141	125,691
CSQ	6,905	1.00	8.5%	6,905	81,551
FSC	8,324	1.00	10.7%	8,324	77,833
GPS	2,000	0.88	2.1%	1,760	82,200
NADL	5,000	0.96	8.8%	4,800	54,850
NTC	6,722	0.68	5.4%	4,598	84,691
O	595	2.17	4.9%	1,292	26,112
OIBAX	4,136	0.29	4.7%	1,199	25,561
PM	1,000	3.76	4.3%	3,760	88,450
TGONF	7,000	0.60	6.1%	4,200	69,230
TIME	2,000	0.80	3.5%	1,600	46,300
TPVG	5,029	1.20	7.9%	6,035	76,793
Total			6.8%	65,172	964,858

The portfolio is yielding 6.8%.  Obviously some risk has been taken to juice the yield a bit.

Discretionary Portfolio

I did have a few transactions here is week.  I sold my IDCC at the start of the week (good move) and I also sold the swing trade component of GTAT (bad move as it went up another dollar). I bought some TZA as a hedge and I bought IGT yesterday as a speculative play (though with a 3.5% yield I was tempted to call a dividend stock).

Stock	Shares	Avg Cost	Current Price	Pct Change	R3K Change	Diff
BAC-WTA	8,000	5.73	7.17	25.1%	17.0%	8.1%
EDV	139	101.20	104.05	2.8%	6.0%	-3.2%
GNW	11,000	9.16	17.43	90.4%	29.2%	61.2%
GTAT	14,000	8.64	18.32	112.1%	9.0%	103.0%
HIG-WT	1,650	21.24	27.08	27.5%	18.2%	9.3%
IGT	3,000	15.71	15.86	1.0%	0.0%	1.0%
KLIC	7,000	11.48	14.45	25.9%	13.7%	12.2%
RIOM	35,000	2.08	2.00	-3.8%	3.5%	-7.3%
TZA	6,000	15.45	15.21	-1.5%	0.3%	-1.8%
Total Open				43.5%	11.3%	32.2%
Closed				3.0%	1.3%	1.7%
Combined				8.6%	2.7%	5.9%

Have a great weekend everyone.  I will follow up later with some MFI specific thoughts and notes from Barrons'