Rebalance & Review of Enterprising High ROIC Portfolio

This week we performed our monthly rebalancing. 

This portfolio is made up of the 15 enterprising stocks that are trading at the highest Return On Investment Capital (ROIC).  The first week of each month we will review the list, and make any trades necessary to get the portfolio to match the list.  Every week we examine the portfolio’s performance against the S&P 500 and Dow Jones Industrial Average, and reinvest any dividends.  The list of enterprising stocks is made by following modernized Benjamin Graham strategies, and ROIC is calculated with a formula based on Warren Buffett’s definition of Owner Earnings and Contributed Capital.

This week we sold Computer Programs & Systems Inc (CPSI) at $32.95 for $6250.50, a loss of 3.2% and Microsoft Corp (MSFT) at $25.43 for $6728.95, a gain of 3.7%.

We purchased Marine Products Corp (MPX) at $8.41 for $6738 and SEI Investments Co (SEIC) at $51.77 for $6740.10.

We then reviewed the portfolio for any positions which had fallen below 6% of the entire portfolio.  Since there were no holdings that met this criteria, we had no further transactions.

The portfolio underperformed both the DJIA and S&P 500 indexes this week but has nearly matched them both overall. 

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

The snapshot:

Ticker

Total Cost

Current Value

% Gain/Loss

ADBE $6,457.25 $6,457.50 0.00%
CHH $6,488.70 $6,762.60 4.22%
CHKE $6,507.75 $6,146.00 -5.56%
DEBS $6,447.75 $6,494.25 0.72%
EC $6,441.70 $6,431.70 -0.16%
EPAX $6,515.20 $7,064.20 8.43%
FDS $6,536.50 $6,502.50 -0.52%
GGG $6,574.25 $6,588.75 0.22%
KSWS $6,490.00 $6,544.80 0.84%
LLTC $6,572.50 $6,892.20 4.86%
MPX $6,738.00 $6,728.00 -0.15%
RGLD $6,489.00 $6,503.20 0.22%
SEIC $6,740.10 $6,730.10 -0.15%
STRA $6,575.00 $6,871.80 4.51%
SYNT $6,499.00 $6,841.80 5.27%
CASH   $1,963.45  
       
Total $100,000.00 $101,522.85 1.52%

Performance:

 

 

Last Week

This week

Change

Overall

S&P 1303.82 1294.02 -0.75% 1.75%
Dow 11381.15 11331.44 -0.44% 1.86%
Portfolio 102816.6 101522.9 -1.26% 1.52%

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


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