While my personal MFI portfolio is hanging in there: I am up 11.6% on the year in absolute real money terms and I am up 12% in hypothetical terms (ignoring the $ I have added to my MFI tranches during 2014). That compares with my MFI Index, which is up 7.3% and the Russell 3000 which is up 8.15%.
I also checked out the Motley Fool Caps
TrackJGreenblatt
and while it has been a stellar performer in total, it has been on a downward track since March. Here is a graph of his performance against my own CAPS portfolio (which I really use as a way to track ideas (it is much more than MFI) and I short stocks occasionally, which has never worked).
Here is my table showing the MFI Index versus R3K back into time:
| Annual | Inception to Date | |||
| Year | Russell | Russell ITD | MFI ITD | |
| 2006 | 11.40% | 15.03% | 11.40% | 15.03% |
| 2007 | 4.09% | -6.69% | 15.96% | 7.34% |
| 2008 | -37.05% | -37.97% | -27.00% | -33.42% |
| 2009 | 32.51% | 45.18% | -3.27% | -3.34% |
| 2010 | 18.38% | 22.77% | 14.50% | 18.67% |
| 2011 | -0.56% | -10.47% | 13.87% | 6.25% |
| 2012 | 16.43% | 9.70% | 32.57% | 16.56% |
| 2013 | 33.01% | 51.70% | 76.34% | 76.82% |
| 2014 | 8.15% | 7.31% | 90.70% | 89.74% |
It is always amazing to look at that. Talk about a dead heat. Since 2006 90.7% versus 89.7%.
Open Tracking Portfolios
Here are my 12 open tracking portfolios. Only 2 are winning.
| Date | R3K | Lead | |
| 15.9% | 23.5% | 0 | |
| 14.0% | 18.5% | 0 | |
| 8.1% | 13.7% | 0 | |
| 6.8% | 11.2% | 0 | |
| 7.8% | 8.2% | 0 | |
| 12.1% | 11.7% | 1 | |
| 7.5% | 6.7% | 1 | |
| 0.8% | 7.1% | 0 | |
| 1.0% | 7.1% | 0 | |
| 1.6% | 3.7% | 0 | |
| -1.4% | 1.4% | 0 | |
| 0.2% | 0.9% | 0 | |
| Average | 6.2% | 9.5% | 0 |
I find it interesting that the April 25th looks a lot like my May 6th tranche:
| Start | Current | Dividend | Pct Gain | R3K Gain | |
| AVG | $19.57 | $18.40 | $0.00 | -6.0% | 6.3% |
| CA | $29.54 | $28.24 | $0.50 | -2.7% | 6.3% |
| $22.79 | $24.65 | $0.19 | 9.0% | 6.3% | |
| NSR | $25.82 | $29.36 | $0.00 | 13.7% | 6.3% |
| $28.78 | $26.26 | $0.23 | -8.0% | 6.3% | |
| Totals | 1.2% | 6.3% |
Though I suppose that is just a coincidence.
Current Stocks In MFI Index
Here is how the individual stocks are doing in my index:
| Stock | Start | June 30th | Current | YTD Change | Change in 3rd Quarter |
| ATVI | 17.83 | 22.50 | 23.33 | 30.8% | 3.7% |
| MO | 38.39 | 42.42 | 43.55 | 13.4% | 2.7% |
| APOL | 27.32 | 31.25 | 27.74 | 1.5% | -11.2% |
| AAPL | 561.02 | 656.85 | 718.87 | 28.1% | 9.4% |
| AGX | 27.56 | 37.29 | 38.34 | 39.1% | 2.8% |
| BAH | 19.15 | 21.45 | 22.17 | 15.8% | 3.4% |
| BKE | 52.56 | 44.80 | 49.45 | -5.9% | 10.4% |
| CA | 33.65 | 29.24 | 28.99 | -13.8% | -0.9% |
| CACI | 73.22 | 70.21 | 71.13 | -2.9% | 1.3% |
| CHE | 76.62 | 94.12 | 103.35 | 34.9% | 9.8% |
| CRUS | 20.43 | 22.74 | 24.21 | 18.5% | 6.5% |
| CSCO | 22.43 | 25.21 | 25.01 | 11.5% | -0.8% |
| COH | 56.13 | 34.87 | 38.04 | -32.2% | 9.1% |
| CRTX | 9.49 | 9.50 | 9.50 | 0.1% | 0.0% |
| DLX | 52.19 | 59.13 | 59.87 | 14.7% | 1.3% |
| DHX | 7.25 | 7.61 | 8.59 | 18.5% | 12.9% |
| EBIX | 14.71 | 14.46 | 14.19 | -3.5% | -1.9% |
| EGL | 33.40 | 38.26 | 35.62 | 6.6% | -6.9% |
| GME | 49.26 | 41.13 | 43.56 | -11.6% | 5.9% |
| GTIV | 12.41 | 15.06 | 18.27 | 47.2% | 21.3% |
| GNI | 68.10 | 22.09 | 27.03 | -60.3% | 22.3% |
| HLF | 78.70 | 64.84 | 50.25 | -36.1% | -22.5% |
| IQNT | 11.41 | 14.02 | 11.84 | 3.8% | -15.5% |
| ESI | 33.58 | 16.69 | 8.89 | -73.5% | -46.7% |
| LPS | 37.38 | 37.30 | 37.30 | -0.2% | 0.0% |
| LQDT | 22.66 | 15.76 | 15.25 | -32.7% | -3.2% |
| LO | 50.68 | 62.20 | 61.70 | 21.7% | -0.8% |
| MSFT | 37.41 | 42.26 | 45.71 | 22.2% | 8.2% |
| MYGN | 20.98 | 38.92 | 36.51 | 74.0% | -6.2% |
| NATR | 17.32 | 17.17 | 16.51 | -4.7% | -3.8% |
| NOC | 114.61 | 120.94 | 128.91 | 12.5% | 6.6% |
| PDLI | 8.44 | 9.98 | 10.01 | 18.6% | 0.0% |
| PFMT | 10.30 | 10.10 | 10.02 | -2.7% | -0.8% |
| PETS | 16.63 | 13.82 | 14.84 | -10.8% | 7.4% |
| PRSC | 25.72 | 36.59 | 44.84 | 74.3% | 22.5% |
| QCOR | 54.45 | 92.79 | 94.50 | 73.6% | 1.8% |
| RTN | 90.70 | 92.86 | 97.79 | 7.8% | 5.3% |
| RAI | 49.99 | 61.69 | 59.34 | 18.7% | -3.8% |
| RPXC | 16.90 | 17.75 | 15.24 | -9.8% | -14.1% |
| SAIC | 33.07 | 45.28 | 44.57 | 34.8% | -1.6% |
| SWHC | 13.49 | 14.54 | 12.98 | -3.8% | -10.7% |
| STRA | 34.47 | 52.51 | 59.85 | 73.6% | 14.0% |
| RGR | 73.09 | 60.04 | 51.83 | -29.1% | -13.7% |
| UIS | 33.57 | 24.74 | 23.09 | -31.2% | -6.7% |
| UNTD | 13.76 | 10.40 | 12.32 | -10.5% | 18.5% |
| SPOK | 14.28 | 15.65 | 15.26 | 6.8% | -2.5% |
| USNA | 75.58 | 78.14 | 73.73 | -2.4% | -5.6% |
| VCI | 34.25 | 34.02 | 34.02 | -0.7% | 0.0% |
| VGR | 16.37 | 21.08 | 24.06 | 47.0% | 14.1% |
| WTW | 32.93 | 20.17 | 24.26 | -26.3% | 20.3% |
| Total | 17,682 | 18,688 | 18,974 | 7.3% | 1.5% |
So QCOR, STRA, MYGN and PRSC are the best stocks. Three are associated with healthcare (GTIV is another). Coincidence or is healthcare a space to be in? It is almost unfair that MFI gets hit with the GNI crash and burn. That was so obvious as it was known the trust would be dissolved. That is actually a poster child stock for proof that the stock market is not always efficient on specific stocks. ESI is the other absolute disaster. It is interesting (as long as you didn't own ESI) on the divergence of the For Profit Education Stocks. Why did STRA do so well and ESI so poorly?
Current Top 50 List
Here is the current Top 50 List
| Ticker | Mkt Cap | Date |
| 263.68 | 22-Aug | |
| APEI | 530.04 | 22-Aug |
| 604.05 | 22-Aug | |
| 3,129.88 | 22-Aug | |
| AGX | 550.91 | 22-Aug |
| 9,263.42 | 22-Aug | |
| 660.32 | 22-Aug | |
| BAH | 3,383.51 | 22-Aug |
| 4,214.15 | 22-Aug | |
| 2,358.31 | 22-Aug | |
| CA | 12,432.38 | 22-Aug |
| GIB | 10,768.27 | 22-Aug |
| CSCO | 124,605.80 | 22-Aug |
| COH | 10,124.56 | 22-Aug |
| CNVR | 1,732.50 | 22-Aug |
| DLX | 2,936.78 | 22-Aug |
| DEPO | 864.85 | 22-Aug |
| EBIX | 539.07 | 22-Aug |
| HLF | 4,585.41 | 22-Aug |
| ONE | 187.49 | 22-Aug |
| IQNT | 387.04 | 22-Aug |
| IILG | 1,222.88 | 22-Aug |
| ESI | 207.76 | 22-Aug |
| KING | 4,435.43 | 22-Aug |
| LBMH | 153.10 | 22-Aug |
| LFVN | 135.23 | 22-Aug |
| LQDT | 451.92 | 22-Aug |
| 2,981.48 | 22-Aug | |
| NHTC | 141.72 | 22-Aug |
| NSR | 1,761.40 | 22-Aug |
| 26,684.73 | 22-Aug | |
| 2,931.71 | 22-Aug | |
| 186.42 | 22-Aug | |
| 1,684.74 | 22-Aug | |
| PENN | 830.30 | 22-Aug |
| PFMT | 486.31 | 22-Aug |
| PETS | 289.31 | 22-Aug |
| RTN | 30,009.24 | 22-Aug |
| RPXC | 853.53 | 22-Aug |
| SWHC | 718.48 | 22-Aug |
| SPOK | 322.03 | 22-Aug |
| STRA | 652.72 | 22-Aug |
| RGR | 986.33 | 22-Aug |
| SPRT | 130.01 | 22-Aug |
| TTWO | 2,266.47 | 22-Aug |
| TZOO | 256.81 | 22-Aug |
| UIS | 1,169.16 | 22-Aug |
| USNA | 988.28 | 22-Aug |
| VIAB | 34,241.01 | 22-Aug |
| WTW | 1,374.84 | 22-Aug |
Definitely some risky stocks here. But one thing about MFI is that there are always several of the riskier, hairier stocks that end up being the 70% gainers.
Have a great Sunday everyone.
Posts
2 comments:
Hi MG,
Great blog! Really enjoy reading your posts. Am about to start investing using the MFI system - interesting to see the returns vs R3K have turned out to be a dead heat since 2006. Let's hope for some outperformance over the next few years...
Best,
TH
TH - thanks for the note. I am certainly rooting for MFI to outperform as well. I have to say that I as I review stocks in the lists, I am finding fewer and fewer to be excited about. But it just takes five.
PERI is one that looks interesting.
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