Long-Term Value Portfolio Update for Week Ending 2/1/13

In the most recent week, the Long-Term Value Portfolio gained 40 basis points to close the week at $11.37 per share, as calculated by Marketocracy. This compares to the S&P 500's gain of nearly 70 basis points or a relative loss of 30 basis points. That said, the portfolio remains ahead of the market on a year-to-date basis and since inception. Year-to-date, the portfolio has gained more than 6 percentage points or is ahead of the market by 20 basis points. Since inception, the portfolio is ahead of the market by 260 basis points for a total gain of 13.7%.

Looking at the portfolio positioning and performance, the largest contributors to the upside were NAFC, ATI, and WDR while the largest detractors were IVC, BCO, and COP. It has been a few months since I made a trade in the portfolio, partially content to let winners run and also on the long-term strategy of the portfolio. That said, I anticipate trimming some of the larger holdings in the days and weeks ahead. I also anticipate moving out of underperforming names.