Review of Defensive Value Portfolio

This portfolio is made up of the 15 defensive stocks that are trading at the greatest discount to their intrinsic value.  During the first week of each month we will review the list, and make any trades necessary to get the portfolio to match the list.  Each week we will examine the portfolio’s performance against the S&P 500 and Dow Jones Industrial Average, and reinvest any dividends.  The list of defensive stocks is made by following modernized Benjamin Graham strategies, and intrinsic value is calculated by a formula based on Graham’s overall philosophy of calculating value with a margin of safety. 

There were no transactions this week.  Next week we will review the list for any changes and make any necessary transactions.

This portfolio outperformed both the Dow and the S&P 500 indexes this week, but has underperformed them overall.

The current value is calculated using prices near close from Thursday.

The snapshot:

Ticker Total Cost Current Value % Gain/Loss
ASH $6,490.00 $6,314.00 -2.71%
BC $6,427.00 $6,450.75 0.37%
BL $6,479.20 $6,453.00 -0.40%
BPOP $6,506.50 $6,762.75 3.94%
CB $6,419.80 $6,766.20 5.40%
DHI $6,527.35 $6,898.50 5.69%
LEN $6,463.95 $6,525.57 0.95%
LUK $6,505.40 $6,039.50 -7.16%
MDC $6,544.00 $6,418.50 -1.92%
MNI $6,422.50 $6,075.00 -5.41%
NFB $6,524.20 $6,506.92 -0.26%
NYT $6,535.40 $6,643.40 1.65%
PHM $6,508.00 $6,675.75 2.58%
RYL $6,435.60 $6,817.60 5.94%
SPF $6,522.25 $6,822.90 4.61%
Cash   $2,688.85  
       
Total $100,000.00 $100,859.19 0.86%

Performance:

  Last Week This week Change Overall
S&P 1296.06 1303.82 0.60% 2.52%
Dow 11304.46 11381.15 0.68% 2.31%
Portfolio 99626.26 100859.2 1.24% 0.86%

Neither of us holds a position in any of these stocks.  Please review our disclaimer and Our Methods.


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