March Performance Update

April 11, 2009 · 2 Comments

All sectors within the S&P 500 ended March in positive territory. U.S. stocks posted their first monthly gains since August 2008. Catalysts for the rally included reports that several major banks were profitable in the first two months of the year; the Federal Reserve’s announcement that it would spend hundreds of billions of dollars to purchase Treasuries, agency debt, and agency mortgage-backed securities; and the Treasury Department’s plan to help private investors buy distressed assets from banks.

Financials were the most robust sector, followed by materials, information technology, and consumer discretionary. Utilities were weakest, while consumer staples and energy were somewhat stronger. Utilities and consumer staples are normally perceived to be fairly safe havens in times of turmoil. Growth and value were fairly evenly matched across market capitalizations as large-, mid-, and small-cap shares delivered strong gains for the month.

We ended the month of March with a 36.4% return, compared to a 7.7% for the Dow Jones Industrial Average, and 8.5% for the S&P500 benchmark. Our gains were led by our position in XTNT, which we closed on 03/25/2009 after a nearly 77% gain.

 march09_performance

As of April 9, 2009, our portfolio looks as follows:

perf_update

Additionally, the stocks we highlighted in our popular 10 Most Promising Net Cash Stocks article on 3/19/2009 have since outperformed the S&P500 and DJIA benchmarks by a similar magnitude as that of our ValueHuntr Portfolio.

 

return_ten_promising

The ValueHuntr Portfolio is a long-only portfolio of securities trading below intrinsic value, including special situations such as liquidations, mergers, and activist investing. 

Categories: Update
Tagged: march results, march update, Portfolio Results, Portfolio update, Valuehuntr portfolio

2 responses so far ↓

  • Sivaram Velauthapillai // April 14, 2009 at 2:21 pm | Reply

    Good job…

  • Jason // May 18, 2009 at 10:54 am | Reply

    Looks like XTNT will be liquidating and is trading very down as a response. Did a quick check and XTNT seems to be trading with a margin of safety based on it’s most recent financials compared to the markets current valuation of 0.28 – 0.3. Any thoughts?

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