Monthly Update · Uncategorized

WingQuant Monthly Portfolio Update – 2016/07/30

As July drew to a close, it was no doubt a banner month for US equity markets, which broke out to all time highs with SPX +3.5% to 2173. After shaking off Brexit panic in June,  investors further shook off noise from central banks and switched focus to stronger than expected earnings from the likes of AAPL, FB and AMZN.

In our WingQuant Growth Portfolio, we were able to ride the wave with the broader market and was up 3.69%. Our holdings as of month-end are as follow:

Symbol Name Industry Initiate Date Initiate Price Current Return % since Inception
NEM Newmont Mining Corp. (Hldg. Co.) Materials 2016/1/28 19.50 44.00 126%
AKS AK Steel Materials 2016/3/3 3.61 6.56 82%
ALB Albemarle Corp Materials 2016/4/4 65.08 84.17 29%
RRC Range Resources Corp. Energy 2016/4/8 34.90 40.31 15%
FCX Freeport-McMoran Cp & Gld Materials 2016/4/11 9.76 12.96 33%
OKE ONEOK Energy 2016/4/13 31.33 44.79 43%
SWN Southwestern Energy Energy 2016/4/14 10.75 14.58 36%
IRM Iron Mountain Incorporated Industrials 2016/4/22 35.10 41.21 17%
NVDA Nvidia Corporation Information Technology 2016/5/16 42.08 57.10 36%
NFX Newfield Exploration Co Energy 2016/5/18 39.21 43.30 10%
STJ St Jude Medical Health Care 2016/5/19 76.20 83.04 9%
MLM Martin Marietta Materials Materials 2016/5/25 192.75 202.65 5%
MRO Marathon Oil Corp. Energy 2016/6/6 13.96 13.64 -2%
DVN Devon Energy Corp. Energy 2016/6/8 37.52 38.28 2%
URI United Rentals, Inc. Industrials 2016/6/22 69.01 79.67 15%
ULTA Ulta Salon Cosmetics & Fragrance Inc Consumer Discretionary 2016/6/29 240.66 261.21 9%
WMB Williams Cos. Energy 2016/6/30 21.63 23.97 11%
HPE Hewlett Packard Enterprise Information Technology 2016/7/11 19.34 21.02 9%
AMAT Applied Materials Inc Information Technology 2016/7/12 25.41 26.29 3%
EQT EQT Corporation Energy 2016/7/18 75.47 72.86 -3%
NAVI Navient Financials 2016/7/21 14.29 14.20 -1%
JEC Jacobs Engineering Group Industrials 2016/7/28 54.08 53.52 -1%
GRMN Garmin Ltd. Consumer Discretionary 2016/7/28 53.54 54.33 1%
BSX Boston Scientific Health Care 2016/7/29 24.28 24.28 0%
CHK Chesapeake Energy Energy 2016/7/29 5.42 5.42 0%
DLR Digital Realty Trust Financials 2016/7/29 104.46 104.46 0%
Average 19%

Allocation %:

20150730-port-allocation

In terms of portfolio actions, our quant model prompted us to cut losses on MUR (-11%) and exited CMA (flat), while reentered on CHK and initiated new positions on BSX and DLR. We remain overweight on outperforming energy and material stocks while selectively long in various other sectors notably in health care.

Key Holding to Watch Next Month – MLM (Martin Marietta Materials)

We are long MLM since end of May and is up 5% since inception so far, and technicals are pointing to further gains as chart pattern shows a breakout pattern which may see a parabolic up move in coming weeks:

20160729-MLM-monthly-parabolic

Next week, earnings are scheduled to be released on Tuesday which will serve as catalyst. Fundamentally, Seeking Alpha recently published an analysis regarding the growth story of MLM which has a upside target of $209:

http://seekingalpha.com/article/3992634-martin-marietta-growth-story

In our WingCapital ETF Model Portfolio, we also were able to ride the up market and enjoyed gains of 3.8%. Our quant model contains to be overweight on gold miners (GDX), Silver (SLV) , REITs (IYR), various emerging markets (EWZ (Brazil), EWT (Taiwan), EWY(South Korea), EEM (MSCI Emerging Markets) ), small caps (IWM).

Symbol Name Industry Initiate Date Initiate Price Current Return % since Inception Column1
GDX Market Vectors TR Gold Miners Commodity Producers Equities 2016/1/26 13.97 30.59 119% 0.028235
SLV iShares Silver Trust Precious Metals 2016/4/1 14.34 19.35 35% 0.007288
IYR iShares Dow Jones U.S. Real Estate Index Fund Real Estate 2016/6/24 78.89 85.40 8% 0.009695
EWZ iShares MSCI Brazil Index Fund Latin America Equities 2016/6/28 28.53 33.24 17% 0.031657
EWT iShares MSCI Taiwan Index Fund Asia Pacific Equities 2016/6/29 13.95 15.03 8% -0.00133
IWM iShares Russell 2000 Small Cap Blend Equities 2016/7/8 116.79 121.07 4% 0.001986
FXI iShares FTSE/Xinhua China 25 Index Fund China Equities 2016/7/11 34.44 35.43 3% -0.00085
XLE SPDR Select Sector Fund – Energy Select Sector Energy Equities 2016/7/11 67.84 67.38 -1% 0.010195
EEM iShares MSCI Emerging Index Fund Emerging Markets Equities 2016/7/11 34.83 36.21 4% 0.005275
XLB Materials Select Sector SPDR Materials 2016/7/12 48.05 48.69 1% -0.00511
XLU SPDR Select Sector Fund – Utilities Utilities Equities 2016/7/26 52.21 52.12 0% 0.005983
XLI SPDR Select Sector Fund – Industrial Industrials Equities 2016/7/26 58.46 58.04 -1% -0.00292
TLT iShares Barclays 20 Year Treasury Bond Fund Government Bonds 2016/7/28 140.39 141.56 1% 0.008334
XLK SPDR Select Sector Fund – Technology Technology Equities 2016/7/28 46.28 46.45 0% 0.003673
DIA Dow Jones Industrial Average ETF Large Cap Value Equities 2016/7/28 184.38 184.13 0% -0.00136
IBB iShares Nasdaq Biotechnology Health & Biotech Equities 2016/7/28 287.68 289.44 1% 0.006118
EWH iShares MSCI Hong Kong Index Fund China Equities 2016/7/28 20.99 20.90 0% -0.00429
XLV SPDR Select Sector Fund – Health Care Health & Biotech Equities 2016/7/28 75.05 75.20 0% 0.001999
QQQ PowerShares QQQ Trust Large Cap Growth Equities 2016/7/29 115.23 115.23 0% 0
Average 10%

Happy Hunting and Good Luck in August.

 

 

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