InvestingSidekick.com is almost 6 months old now, and the half way point of the year has passed. It seemed only sensible for me to post how my portfolio has performed in 2013 so far.
My portfolio is public here but I don’t state exact position sizes (apart from in individual posts on the companies) so these half yearly reports will be a way for people to see how my investment portfolio is doing. I was shocked when I calculated this, as I don’t monitor my aggregate performance at all due to my investments being spread across various brokers and accounts, it is simply too time consuming. But for the first 6 months of this year my portfolio made a 20% return versus 8.5% for the FTSE All-share Index, my preferred benchmark. I focus so much of my energy on looking for new investments and evaluating the businesses that I didn’t realise how well some of my holdings had performed!
Portfolio as at 1st January 2013
Changes during period
|Renn Universal Trust||Bought|
|Craven House Capital||Bought|
Dividends received from
I also deposited more cash in the portfolio which I have sitting on the sidelines. This increased the size of the portfolio by 16%.
Portfolio as at 30th June 2013
|Renn Investment Trust||7%|
|Craven House Capital||6%|
I include the cash that was added to the portfolio during the 6 months as if it was cash in the portfolio at 1st January 2013. For the first 6 months of 2013 I made a 20% return versus 8.5% for the FTSE All-share index. This includes a 2% return I received in the form of dividends. First looking at my two biggest positions at the start of the year, my Tesco holding (which I have to admit affected my portfolios performance in 2012 although I was still able to make a decent 6% return overall). I managed to significantly reduce my Tesco holding at about breakeven, which gave me a roughly 15% gain on where the price was at 1st January. Amlin has also been a good performer with a 4% capital return as well as 4% returned in dividends.
The best performers in these first 6 months which have driven my 20% gain are Berkshire Hathaway (+28%), Cranswick (+36%) and Deckers Outdoor (+40%). These are among my oldest positions so it’s good to see them finally bearing fruit. A lot of my more recent positions (in fact all but 2!) are in the red but that is to be expected, I am happy to hold them all long term.
I also have to point out how the performance of the US dollar has helped my returns, through no skill on my part. Check out my recent hedging articles to find out how I plan to protect myself from adverse movements in the future.
June has been a tough month for stocks, but my portfolio has held up well despite this. I am still a bit shocked by how it has performed as so many of my investments have not realised their true value (in my opinion) but this makes me even more excited as surely that means there are more gains to come! I plan on putting a lot more cash to work soon so my portfolio will be expanded again.
For regular readers of my blog, you may not recognise the Craven House Capital holding above. That’s because I haven’t yet published the article on it, but I will do this weekend and it’s a holding I’m very bullish on and still increasing the position size. Stay tuned to find out why.