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June Portfolio Update

Posted July 4th, 2010. Filed under Holdings Special Situations

June was a rough month for the stock market overall, with the S&P dropping 5.25%.   The ValueUncovered portfolio was hit hard as well, with several stocks dropping over 10% in the month.

This volatility is expected, as many of the stocks I invest in are micro-cap stocks with prices that vary significantly from day-to-day or even month-to-month.

Special Situations

One bright spot for the month was the completion of my first two special situations investments.  The UBET/CHDN merger wrapped up on June 4th, with returns of over 12% for a month long investment.  The VR tender offer also wrapped up in a few short weeks, with a 4.17% gain.

Pending special situations investments include the AHOM re-incorporation & merger and the EMMS going private transaction.

Portfolio Return

Portfolio Return Since Inception - June 2010

Despite the drop, the model portfolio is still positive and substantially outperforming the S&P.

More on this topic (What's this?)
The End of the Rally? S&P Reverses Course at 50% Retracement (The Contrary Investing Report, 6/21/10)
Volatility is Ruling the Stock Market (The Iconoclast Investor, 6/17/10)
SPX Trading Model (All Allan, 6/19/10)
Read more on S&P 500 (SPX), Historical Volatility at Wikinvest

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One Response so far

  1. July Portfolio Update | Value Uncovered says:
    August 1, 2010 at 9:36 pm

    [...] dropping 5.25% during the month of June, the S&P came back to gain 7.31% in July. The ValueUncovered portfolio turned out a positive [...]

    Reply

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