After a realy bad stretch since Labor Day, my portfolios/tranches showed some life. Overall, I was up 4.7%. It was really all about my BAC warrants. They were up 41%! That is my largest position. Whoa, that really helps. CPLA was up over 10%, they have really become a big position for me. ILG, MPAA and UTHR were all up 10% as well. Sweet.
I did sell some positions this week... some of my 11/15 MFI tranche (recall, you sell losers before a year is up) and then WLDN and a few miscellaneous holdings. I am a bit unconvinced that the Trump rally will hold. We'll see.
MFI Select
Recall a week ago I was commenting I was down 16% since 9/1. Well I was up 9% just this week!
| Date | Differential | MFI Value | R3K Value |
| 12/1/2012 | -2.20% | 99,765 | 101,965 |
| 1/1/2013 | -1.78% | 102,798 | 104,575 |
| 2/1/2013 | -2.26% | 102,594 | 104,856 |
| 3/1/2013 | -2.23% | 102,881 | 105,114 |
| 4/1/2013 | -0.43% | 106,804 | 107,234 |
| 5/1/2013 | 2.00% | 110,423 | 108,423 |
| 6/1/2013 | 4.75% | 115,831 | 111,085 |
| 7/1/2013 | 4.29% | 114,888 | 110,597 |
| 8/1/2013 | 6.91% | 124,799 | 117,889 |
| 9/1/2013 | 10.46% | 124,536 | 114,079 |
| 10/1/2013 | 19.67% | 138,655 | 118,990 |
| 11/1/2013 | 19.75% | 143,514 | 123,764 |
| 12/1/2013 | 23.70% | 150,105 | 126,405 |
| 1/1/2014 | 26.63% | 157,138 | 130,503 |
| 2/1/2014 | 24.70% | 150,619 | 125,918 |
| 3/1/2014 | 25.66% | 158,116 | 132,458 |
| 4/1/2014 | 30.38% | 162,991 | 132,616 |
| 5/1/2014 | 29.65% | 162,428 | 132,779 |
| 6/1/2014 | 31.44% | 167,001 | 135,559 |
| 7/1/2014 | 39.23% | 177,971 | 138,740 |
| 8/1/2014 | 31.13% | 167,054 | 135,922 |
| 9/1/2014 | 35.90% | 177,792 | 141,892 |
| 10/1/2014 | 29.38% | 168,321 | 138,944 |
| 11/1/2014 | 26.14% | 168,810 | 142,666 |
| 12/1/2014 | 30.22% | 176,420 | 146,198 |
| 1/1/2015 | 28.17% | 174,306 | 146,140 |
| 2/1/2015 | 20.63% | 162,833 | 142,201 |
| 3/1/2015 | 25.15% | 175,476 | 150,324 |
| 4/1/2015 | 29.95% | 178,565 | 148,612 |
| 5/1/2015 | 37.31% | 186,655 | 149,348 |
| 6/1/2015 | 51.53% | 202,897 | 151,371 |
| 7/1/2015 | 62.69% | 211,437 | 148,743 |
| 8/1/2015 | 40.75% | 192,117 | 151,369 |
| 9/1/2015 | 36.41% | 178,603 | 142,195 |
| 10/1/2015 | 43.12% | 181,175 | 138,052 |
| 11/1/2015 | 69.02% | 217,959 | 148,936 |
| 12/1/2015 | 73.49% | 223,435 | 149,946 |
| 1/1/2016 | 63.33% | 209,514 | 146,186 |
| 2/1/2016 | 49.49% | 187,428 | 137,934 |
| 3/1/2016 | 56.48% | 194,415 | 137,934 |
| 4/1/2016 | 47.34% | 195,770 | 148,430 |
| 5/1/2016 | 46.38% | 194,301 | 147,923 |
| 6/1/2016 | 51.44% | 201,999 | 150,558 |
| 7/1/2016 | 50.41% | 201,092 | 150,680 |
| 8/1/2016 | 52.72% | 207,223 | 154,501 |
| 9/1/2016 | 67.04% | 222,481 | 155,446 |
| 10/1/2016 | 42.98% | 198,563 | 155,582 |
| 11/1/2016 | 41.86% | 195,726 | 153,863 |
| Current | 48.71% | 204,396 | 155,681 |
| 11/15/2015 | Start | Current | Dividend | Pct Gain | R3K Gain |
| LCI | $34.01 | $23.40 | $0.00 | -31.2% | 7.7% |
| SAVE | $34.48 | $51.90 | $0.00 | 50.5% | 7.7% |
| PPC | $18.98 | $18.78 | $2.75 | 13.4% | 7.7% |
| VEC | $23.60 | $21.92 | $0.00 | -7.1% | 7.7% |
| VNCE | $3.99 | $5.05 | $0.00 | 26.6% | 7.7% |
| Totals | 10.4% | 7.7% | |||
| 2/1/2016 | Start | Current | Dividend | Pct Gain | R3K Gain |
| VEC | $19.64 | $21.92 | $0.00 | 11.6% | 14.6% |
| QCOM | $45.18 | $66.88 | $1.54 | 51.4% | 14.6% |
| PERI | $2.45 | $1.02 | $0.00 | -58.4% | 14.6% |
| DEPO | $15.34 | $20.84 | $0.00 | 35.9% | 14.6% |
| TDC | $24.02 | $28.61 | $0.00 | 19.1% | 14.6% |
| Totals | 11.9% | 14.6% | |||
| 5/6/2016 | Start | Current | Dividend | Pct Gain | R3K Gain |
| BRCD | $7.97 | $12.28 | $0.11 | 55.5% | 7.5% |
| CBI | $37.82 | $30.57 | $0.00 | -19.2% | 7.5% |
| HSII | $18.51 | $21.70 | $0.26 | 18.6% | 7.5% |
| RHI | $38.51 | $43.35 | $0.44 | 13.7% | 7.5% |
| UTHR | $107.99 | $127.00 | $0.00 | 17.6% | 7.5% |
| Totals | 17.2% | 7.5% | |||
| 8/15/2016 | Start | Current | Dividend | Pct Gain | R3K Gain |
| CSCO | $31.20 | $31.36 | $0.00 | 0.5% | -0.2% |
| GNC | $19.79 | $14.41 | $0.19 | -26.2% | -0.2% |
| VLO | $54.73 | $62.45 | $0.00 | 14.1% | -0.2% |
| MSGN | $16.68 | $20.30 | $0.00 | 21.7% | -0.2% |
| GILD | $79.33 | $76.42 | $0.47 | -3.1% | -0.2% |
| Totals | 1.4% | -0.2% | |||
| Category/Tranche | August | November | February | May | Total |
| Initial Investment | 25,000 | 25,000 | 25,000 | 25,000 | 100,000 |
| Current Tranche | 1.4% | 10.4% | 11.9% | 17.2% | 9.8% |
| Previous Tranche | 2.8% | 69.4% | -14.3% | -25.2% | 10.5% |
| Tranche -2 | 11.2% | 14.2% | 8.5% | 18.3% | 13.0% |
| Tranche -3 | 41.4% | 43.7% | 78.3% | 33.0% | 49.1% |
| Tranche -4 | 14.1% | 0.0% | 0.0% | 0.0% | 3.5% |
| MFI Overall Gain | 87.0% | 207.2% | 85.5% | 37.9% | 104.4% |
| Current Balance | 46,758 | 76,799 | 46,369 | 34,470 | 204,396 |
| R3K Current Tranche | -0.2% | 7.7% | 14.6% | 7.5% | 7.4% |
| R3K Overall Gain | 66.7% | 69.9% | 52.7% | 33.0% | 55.7% |
| R3K Balance | 41,779 | 42,484 | 38,181 | 33,238 | 155,681 |
| Annualized IRR | 15.9% | 32.4% | 17.7% | 9.5% | 18.9% |
What a finish by 11/15 tranche. It was -1.4% to 3.5% a week ago. Now 10.4% to 7.7%. Same story for overall open MFI vs open RK3. 9.8% to 7.4%. Life is good again.
MFI Formula
Good week here as well, up almost 6%. And we have pulled back into a virtual tie with R3K.
| Date | Differential | Value | R3K Value |
| 10/1/2014 | 0.00% | 100,000 | 100,000 |
| 11/1/2014 | 1.63% | 102,288 | 100,658 |
| 12/1/2014 | 0.30% | 101,375 | 101,075 |
| 1/1/2015 | -0.33% | 100,664 | 100,995 |
| 2/1/2015 | 1.67% | 101,281 | 99,611 |
| 3/1/2015 | 3.62% | 106,073 | 102,454 |
| 4/1/2015 | 5.09% | 106,781 | 101,695 |
| 5/1/2015 | 5.78% | 107,859 | 102,077 |
| 6/1/2015 | 5.08% | 108,213 | 103,134 |
| 7/1/2015 | 4.82% | 106,423 | 101,604 |
| 8/1/2015 | 3.71% | 107,112 | 103,404 |
| 9/1/2015 | 4.38% | 101,523 | 97,139 |
| 10/1/2015 | 6.39% | 100,703 | 94,312 |
| 11/1/2015 | 2.93% | 104,835 | 101,907 |
| 12/1/2015 | -3.48% | 99,443 | 102,926 |
| 1/1/2016 | -3.36% | 96,830 | 100,012 |
| 2/1/2016 | -0.72% | 93,797 | 94,367 |
| 3/1/2016 | 4.07% | 98,588 | 94,367 |
| 4/1/2016 | 0.34% | 102,371 | 101,548 |
| 5/1/2016 | -1.91% | 99,774 | 101,200 |
| 6/1/2016 | -0.42% | 103,145 | 103,568 |
| 7/1/2016 | -0.19% | 103,022 | 103,216 |
| 8/1/2016 | 2.56% | 109,419 | 106,857 |
| 9/1/2016 | -0.34% | 106,704 | 107,048 |
| 10/1/2016 | -0.85% | 106,377 | 107,230 |
| 11/1/2016 | 0.42% | 105,421 | 105,003 |
| Current | 0.02% | 107,466 | 107,449 |
Looking at my summary table, you can see I am winning by over two points (6.5% to 4.2%) on the open tranches:
| Category/Tranche | October | January | April | July | Total |
| Initial Investment | 249,820 | 249,939 | 250,180 | 249,728 | 999,667 |
| Current Tranche | 2.9% | 4.0% | 12.1% | 7.0% | 6.5% |
| Previous Tranche | 5.5% | 11.0% | -0.2% | -12.5% | 0.8% |
| Tranche -2 | 0.5% | - | - | - | 0.1% |
| MFI Overall Gain | 9.1% | 15.4% | 11.8% | -6.4% | 7.5% |
| Current Balance | 272,573 | 288,532 | 279,704 | 233,853 | 1,074,661 |
| R3K Current Tranche | 0.4% | 7.7% | 7.4% | 3.2% | 4.7% |
| R3K Overall Gain | 13.4% | 7.4% | 6.2% | 2.9% | 7.5% |
| R3K Balance | 283,347 | 268,419 | 265,700 | 257,028 | 1,074,493 |
| Annualized IRR | 4.2% | 8.0% | 7.1% | -4.7% | 4.2% |
| 12/31/15 Stocks | Start | Current | Dividend | Pct Gain | R3K Gain |
| BBY | $30.31 | $38.36 | $1.29 | 30.8% | 7.7% |
| GME | $28.34 | $22.32 | $1.11 | -17.3% | 7.7% |
| ilg | $15.89 | $17.63 | $0.36 | 13.2% | 7.7% |
| PPC | $22.22 | $18.78 | $2.75 | -3.1% | 7.7% |
| VIAB | $40.93 | $38.42 | $1.00 | -3.7% | 7.7% |
| Totals | 4.0% | 7.7% | |||
| 4/1/16 Stocks | Start | Current | Dividend | Pct Gain | R3K Gain |
| CALM | $51.27 | $40.95 | $0.44 | -19.3% | 7.4% |
| HPQ | $12.10 | $15.82 | $0.25 | 32.8% | 7.4% |
| TIME | $15.24 | $13.10 | $0.38 | -11.6% | 7.4% |
| ilg | $13.85 | $17.63 | $0.24 | 29.0% | 7.4% |
| TSRA | $30.79 | $39.45 | $0.40 | 29.4% | 7.4% |
| Totals | 12.1% | 7.4% | |||
| 7/1/2016 | Start | Current | Dividend | Pct Gain | R3K Gain |
| ilg | $16.76 | $17.63 | $0.12 | 5.9% | 3.2% |
| VIAB | $44.00 | $38.42 | $0.20 | -12.2% | 3.2% |
| CPLA | $53.22 | $83.05 | $0.39 | 56.8% | 3.2% |
| HRB | $23.62 | $22.83 | $0.22 | -2.4% | 3.2% |
| PBI | $17.69 | $15.18 | $0.19 | -13.1% | 3.2% |
| Totals | 7.0% | 3.2% | |||
| 10/3/2016 | Start | Current | Dividend | Pct Gain | R3K Gain |
| CPLA | $58.15 | $83.05 | $0.00 | 42.8% | 0.4% |
| LDOS | $43.01 | $46.45 | $0.00 | 8.0% | 0.4% |
| GME | $27.70 | $22.32 | $0.00 | -19.4% | 0.4% |
| PBI | $18.15 | $15.18 | $0.00 | -16.4% | 0.4% |
| CSCO | $31.72 | $31.36 | $0.26 | -0.3% | 0.4% |
| Totals | 2.9% | 0.4% |
Dividends/Warrants
Obviously BAC Warrants were lights out. But typical income stocks did struggle this week (like DSL).
| Div and Warrants | Start | Current | Dividend | Pct Gain | Pct Gain Last Week | June 1 2016 |
| BAC-WTA | $4.90 | $6.71 | $0.00 | 36.9% | -3.1% | -20.6% |
| AOD | $7.64 | $7.24 | $1.60 | 15.7% | 13.6% | 17.1% |
| JQC | $7.83 | $8.27 | $0.60 | 13.2% | 11.8% | 8.4% |
| CSQ | $9.08 | $9.92 | $2.18 | 33.2% | 27.6% | 30.5% |
| DSL | $18.43 | $17.55 | $0.88 | 0.0% | 3.1% | 0.0% |
| TGONF | $10.24 | $11.12 | $1.85 | 26.7% | 25.6% | 12.5% |
| HIG-WT | $21.24 | $36.90 | $0.00 | 73.8% | 73.8% | 75.7% |
| O | $23.95 | $54.39 | $19.23 | 207.3% | 219.8% | 249.0% |
| OIBAX | $5.07 | $5.70 | $2.29 | 57.6% | 60.7% | 58.1% |
| SJT | $8.75 | $5.69 | $0.33 | -31.3% | -26.5% | -14.4% |
| GLDI | $10.67 | $9.60 | $0.62 | -4.2% | -0.3% | 0.0% |
| Totals | 20.4% | 11.8% | 9.0% |
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