Long-term Value Portfolio Update for Week Ending 12/14

For the week ending 12/14, the long-term value portfolio gained 1.8% versus a 30 basis point loss on the S&P 500. The graph below shows the track of the portfolio (blue) versus the S&P 500 (green) and the NASDAQ (green).

Since inception earlier this year, the portfolio has gained 4.1%. This compares to price gain on 3.8% on the S&P 500 over the comparable time frame, behind the market's return when dividend are factored in. The gains on the week can be attributable to gains in stocks such as Cleveland Cliffs and Nortel Inversora but also on outsized gains in the consumer discretionary and staples sectors along with no exposure to utilities.