When opportunities exist to add to one’s diversification, it should be done without haste. This no less has happened to our “Defensive Growth” fund with Marketocracy. Since the last posting about this fund, we added two new positions, Eli Lilly and Company (NYSE: LLY) and Perrigo Company (NYSE: PRGO). Both are large-cap companies, and interestingly both are in the healthcare sector. Both of these companies are in keeping with our philosophy of finding undervalued companies that have reasonable growth.
We are struggling to find suitable candidates for the mid-cap space and international space. For now we are, holding off on adding anything for the mid-cap space. In the meantime, we hedged toward Taiwan Semiconductor (NYSE: TSM) and Magic Software Enterprises (NASDAQ: MGIC). These two tech companies will be replaced once more suitable candidates are found.
So here is how we are doing so far:
|Symbol||Company||Date Added||Current Return|
|PWRD||Perfect World Co., LTD||2/21/2014||17.85%|
|NRCIB||National Research Corp||2/21/2014||7.54%|
|CF||CF Industries Holdings, Inc.||2/21/2014||6.11%|
|ATVI||Activision Blizzard, Inc.||2/26/2014||1.07%|
|PRGO||Perrigo Company Public Limited Company||2/26/2014||-0.88%|
|LLY||Eli Lilly and Company||2/26/2014||-1.44%|
|MGIC||Magic Software Enterprises||2/26/2014||-9.12%|
|CPA||Copa Holdings SA||2/21/2014||-9.64%|
At this point we are in the green, barely, but this type of portfolio has a one year window, so we will not worry about short-term struggles.
In the meantime, happy investing.