Wednesday, May 01, 2019

April 2019 Performance

I don’t know, but I continue to be very cautious with this market. April was another strong month with a gain of 7.15% with Constellation Brands (Ticker: STZ) doing the heavy lifting. Constellation is finally coming back after a nice earnings report. My other long positions: Apple (Ticker: AAPL), Alibaba (Ticker: BABA), Mastercard (Ticker: MA) and Visa (Ticker: V) performed well in April. I’m pleased so far with the portfolio performance considering I’ve been holding ~ 15% cash.

I currently have no merger arb positions. I closed out my position in Spark Therapeutics (Ticker: ONCE). I was heavy in Short Puts (not an All-In situation, but a decent size position) and long common. I was fortunate to close out a big chunk of my position on 4/2, the day before the second pull and refile.  Sometimes, you just have to go with your gut feeling and this was the case for me. I still can’t believe the FTC is scrutinizing this deal so closely.

So pretty much the same as the previous months. Just hanging onto the long positions with some cash on the sidelines to take advantage of special situation / merger arb plays that may pop up.

2019 Performance = +25.37% with the running monthly returns as follows:

January +7.4%
February +3.7%
March +5.06%
April +7.15%


At May 05, 2019, Anonymous Anonymous said...

Do you publish your current holdings and percentage of the portfolio some where? It would be beneficial (of course with the disclaimer and all)

At May 06, 2019, Blogger Money Turtle said...

Here's the current weighting from my main portfolio:

Cash 15.8%
BABA 5.09%
AAPL 17.5%
STZ 24.7%
MA 7.2%
QGEN 5.2%
SNY 1.6%
V 22.9%


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