Saturday, January 26, 2013

Long-Value Portfolio Update for Week Ending 1/25/13

The Long-Value Portfolio lost marginal ground to the market this week, gaining less than 1.1% versus the S&P 500's 1.14% increase. The gains were fairly broad-based throughout the portfolio with the discretionary, financial, energy, and tech sectors leading the gains, which offset relative losses in the staples and industrials groups. On a stock basis, the largest contributing outperformers were Cash America (up 15%), Krispy Kreme (gaining more than 7%), and Key Energy Services (up 10.5%). The largest contributing drags on portfolio performance were Nash Finch (down 3.6%), IIVI (down more than 10%), and Joy Global (falling more than 8%).

The following is the latest updated chart for the portfolio versus the S&P 500 and the NASDAQ

Year-to-date, the portfolio has gained 5.8% or 40 basis points more than the S&P 500. Since inception, the portfolio has gained more than 13% or 410 basis points more than S&P 500.

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