<3> Portfolio Launch [SPC Inv]
10/1/24
Today (1-Oct), I am starting the clock (track record) on my portfolio though in paper form first; I don’t feel the urgency to deploy real money yet plus I need some more time to work through a bunch of issues & decisions.
Selection of the 25 stocks in the portfolio (which I am naming ‘SPCAX’ for now) was finalized last week but the data I have used to analyze & construct was as of 15-Aug (which was the end of last quarter’s 13F filing season).
A hypothetical, static (no trading) portfolio of those 25 stocks since 15-Aug is up +7.9% through yesterday (30-Sep).
Comparatively, S&P 500 is up +4.0% during the same period which means SPCAX having generated 390bps of alpha (value-add) against the index.
And for info, an equal-weighted Magnificent Seven is up +5.9% during the same period; SPCAX has (purposely) zero exposure to Magnificent Seven...