Marketocracy Portfolio Updated - November 14, 2009

On a year to date basis, the S&P 500 recorded a 23.67% return, while the Nasdaq secured 37.47% and the Dow notched a 17.02% return. My Marketocracy portfolio obtained a 66.3% return.

Previous update:
http://malaysiafinance.blogspot.com/2009/10/marketocracy-portfolio-update-2-october.html

http://malaysiafinance.blogspot.com/2009/09/marketocracy-portfolio-update-10.html

As mentioned before, the objective of the portfolio was to beat the S&P 500 consistently over time. Modern finance subscribe to the theory that over time stocks offer superior returns - that being the case, as long as you outperform the benchmark index, you will register superior long term performance. Hence it is useful to look at the performance relative to the S&P 500. Over the last 12 months, the outperformance was by 50.96%.

The Salvador Fund (SMF) line in orange. The m100 line is the aggregate performance tracking the top 100 funds in Marketocracy. The comparison is stark but to be fair, this portfolio will need another 1.5 years before we can safely say its a superior long term performer.

Value: $1,198,431.95

Cash: $106,031.15

Stock Value: $1,092,400.80

NAV: $11.98

SMF m100 S&P 500 DJIA Nasdaq

recent returns vs. major indexes
		MTD QTD YTD SMF 4.39% -3.53% 66.30% S&P 500 5.66% 3.70% 23.67% DOW 5.74% 5.75% 17.02% Nasdaq 6.00% 2.14% 37.47%

recent returns
		RETURNS Last Week 3.61% Last Month -6.72% Last 3 Months 2.01% Last 6 Months 21.32% Last 12 Months 74.06% Last 2 Years N/A Last 3 Years N/A Last 5 Years N/A Since Inception 19.84% (Annualized) 14.86% S&P500 RETURNS Last Week 2.33% Last Month 0.30% Last 3 Months 9.47% Last 6 Months 25.18% Last 12 Months 23.09% Last 2 Years N/A Last 3 Years N/A Last 5 Years N/A Since Inception -10.08% (Annualized) -7.81% RETURNS VS S&P500 Last Week 1.28% Last Month -7.02% Last 3 Months -7.45% Last 6 Months -3.85% Last 12 Months 50.96% Last 2 Years N/A Last 3 Years N/A Last 5 Years N/A Since Inception 29.93% (Annualized) 22.67%

alpha/beta vs. S&P500
		Alpha 32.05% Beta 1.16 R-Squared 0.79

		Symbol Price Shares Value Portion of Fund Inception Return BDD $13.74 5,000 $68,716.00 5.73% 43.95% MGM $10.75 9,500 $102,125.00 8.52% 43.85% Details STAR $34.03 3,500 $119,105.00 9.94% 42.41% Details F $8.41 10,000 $84,100.00 7.02% 31.03% Details PLD $13.60 8,118 $110,404.80 9.21% 23.28% Details QSII $62.66 1,500 $93,990.00 7.84% 21.29% Details MIDDLE GE $15.66 4,000 $62,640.00 5.23% 5.74% NYB $11.52 6,000 $69,120.00 5.77% 5.15% JEC $43.95 1,500 $65,925.00 5.50% 5.14% NVDA $13.56 5,000 $67,800.00 5.66% 1.53% LOW $21.85 3,500 $76,475.00 6.38% 0.46% Details JNPR $26.15 2,000 $52,300.00 4.36% -1.18% Details KBW $26.60 4,500 $119,700.00 9.99% -2.03% Details

p/s photos: Jessie Chiang Yu Chen

Marketocracy Portfolio Details

Checking the feedjit live feed, I saw that many of you were interested in the details of the marketocracy portfolio. Hence I have included my recent and past transactions for the past month or so. You will note that I have a much lesser weighting on MGM, BDD and Ford - thats because I do take profits on the way up to lock in gains. Have also sold all of my Bank of America after a 60% gain.


Portfolio as at 3 October 2009:

Symbol Price Shares Portion of Fund Gains Inception Return MGM $10.71 4,500 4.00% $57,854.44 64.43% BDD $11.35 5,000 4.71% $31,321.28 31.80% Details F $6.97 10,000 5.79% $38,279.58 22.55% Details QSII $61.08 1,500 7.61% $23,182.77 19.32% Details KBW $31.09 4,500 11.62% $17,729.87 14.51% Details STAR $24.93 3,500 7.25% $3,620.16 4.33% NYB $11.42 6,000 5.69% $2,787.27 4.24% PLD $11.23 8,118 7.57% $1,606.20 1.79% AGEN $2.07 30,000 5.16% -$3,528.54 -5.38% LOW $20.36 3,500 5.92% -$4,865.00 -6.39% Details STEC $27.24 3,000 6.79% -$5,582.90 -6.39% Details PHM $10.62 8,000 7.06% -$13,368.32 -13.60% Details

Recent transactions for the past month:

	Close Date Type Symbol Shares Net Avg. Price Net Oct 5, 2009 Buy NVDA 3,000 $13.7859 $41,357.75 Oct 5, 2009 Buy JNPR 2,000 $26.4611 $52,922.20 Oct 5, 2009 Buy KEY 10,000 $6.2516 $62,515.55 Sep 24, 2009 Buy STEC 3,000 $29.101 $87,302.90 Sep 21, 2009 Sell BDD 0 $0 $0.00 Sep 21, 2009 Sell MGM 1,500 $12.9497 $19,424.49 Sep 21, 2009 Sell BAC 4,000 $17.2414 $68,965.64 Sep 21, 2009 Sell BDD 0 $0 $0.00 Sep 21, 2009 Sell BAC 0 $0 $0.00 Sep 21, 2009 Sell MGM 2,000 $13.1497 $26,299.32 Sep 16, 2009 Sell ACTG 9,000 $8.9243 $80,319.01 Sep 10, 2009 Buy AGEN 30,000 $2.1876 $65,628.54 Sep 9, 2009 Buy PLD 6,000 $11.0747 $66,448.03 Sep 8, 2009 Sell WFR 4,000 $15.7082 $62,832.90 Sep 8, 2009 Sell BDD 3,000 $12.4594 $37,378.20 Sep 8, 2009 Sell BAC 2,000 $17.0856 $34,171.21 Sep 8, 2009 Buy PLD 2,000 $10.9153 $21,830.61 Sep 8, 2009 Buy LOW 3,500 $21.75 $76,125.00 Sep 8, 2009 Buy PLD 118 $10.85 $1,280.30 1

Current portfolio as it stands today:

	Symbol Price Shares Value Portion of Fund Gains Inception Return MGM $12.04 4,500 $54,180.00 4.43% $63,839.44 71.09% BDD $11.64 5,000 $58,199.50 4.75% $32,770.78 33.27% Details F $7.07 10,000 $70,700.00 5.78% $39,279.58 23.14% Details KBW $32.92 4,500 $148,140.00 12.10% $25,965.00 21.25% Details QSII $60.32 1,500 $90,480.00 7.39% $22,042.77 18.37% Details STAR $27.40 3,500 $95,900.00 7.83% $12,265.16 14.67% Details NYB $11.17 6,000 $67,020.00 5.47% $1,287.27 1.96% JNPR $26.81 2,000 $53,620.00 4.38% $697.80 1.32% NVDA $13.88 3,000 $41,640.00 3.40% $282.25 0.68% KEY $6.25 10,000 $62,500.00 5.11% -$15.55 -0.02% PLD $11.00 8,118 $89,298.00 7.29% -$260.94 -0.29% STEC $28.11 3,000 $84,330.00 6.89% -$2,972.90 -3.41% Details LOW $20.49 3,500 $71,715.00 5.86% -$4,410.00 -5.79% Details AGEN $2.03 30,000 $60,840.00 4.97% -$4,788.54 -7.30% Details PHM $10.16 8,000 $81,280.00 6.64% -$17,048.32 -17.34% Details

Marketocracy Portfolio Update - 2 October 2009

For the period ended 31 March 2009, my Marketocracy fund beat 97.8% of the participants. Thankfully, the record for the period ended 30 June 2009 saw my fund improving further to beat 99.4% of the participating funds.

On a year to date basis, the S&P 500 recorded a 16.19% return, while the Nasdaq secured 30.47% and the Dow notched a 8.35% return. My Marketocracy portfolio obtained a 67.09% return.

Previous update:
http://malaysiafinance.blogspot.com/2009/09/marketocracy-portfolio-update-10.html

As mentioned before, the objective of the portfolio was to beat the S&P 500 consistently over time. Modern finance subscribe to the theory that over time stocks offer superior returns - that being the case, as long as you outperform the benchmark index, you will register superior long term performance. Hence it is useful to look at the performance relative to the S&P 500. Over the last 3 months, the fund managed to outperform the S&P 500 by 0.17%; over the past 6 months the outperformance was more pronounced by 20.36% (and these are in percentage points); and over the last 12 months, the outperformance was by 50.47%.

The Salvador Fund line in orange. The m100 line is the aggregate performance tracking the top 100 funds in Marketocracy. The comparison is stark but to be fair, this portfolio will need another 1.5 years before we can safely say its a superior long term performer.

Value: $1,189,962.39

Cash: $184,487.93

Stock Value: $1,005,474.46

NAV: $11.90

SMF m100 S&P 500 DJIA Nasdaq

recent returns vs. major indexes
		Beating QTD YTD SMF -3.07% 67.09% S&P 500 -2.57% 16.19% DOW -2.09% 8.35% Nasdaq -3.06% 30.47%

recent returns
		RETURNS Last Week -2.42% Last Month 5.66% Last 3 Months 15.66% Last 6 Months 43.98% Last 12 Months 41.83% Last 2 Years N/A Last 3 Years N/A Last 5 Years N/A Since Inception 20.41% (Annualized) 16.91% S&P500 RETURNS Last Week -1.96% Last Month 3.34% Last 3 Months 15.49% Last 6 Months 23.62% Last 12 Months -8.90% Last 2 Years N/A Last 3 Years N/A Last 5 Years N/A Since Inception -15.52% (Annualized) -13.23% RETURNS VS S&P500 Last Week -0.46% Last Month 2.32% Last 3 Months 0.17% Last 6 Months 20.36% Last 12 Months 50.74% Last 2 Years N/A Last 3 Years N/A Last 5 Years N/A Since Inception 35.93% (Annualized) 30.13%

alpha/beta vs. S&P500
		Alpha 37.09% Beta 1.17 R-Squared 0.81

turnover
		Last Month 26.26% Last 3 Months 76.70% Last 6 Months 234.45% Last 12 Months 383.98%

	Symbol Price Shares Portion of Fund Gains Inception Return MGM $10.71 4,500 4.00% $57,854.44 64.43% BDD $11.35 5,000 4.71% $31,321.28 31.80% Details F $6.97 10,000 5.79% $38,279.58 22.55% Details QSII $61.08 1,500 7.61% $23,182.77 19.32% Details KBW $31.09 4,500 11.62% $17,729.87 14.51% Details STAR $24.93 3,500 7.25% $3,620.16 4.33% NYB $11.42 6,000 5.69% $2,787.27 4.24% PLD $11.23 8,118 7.57% $1,606.20 1.79% AGEN $2.07 30,000 5.16% -$3,528.54 -5.38% LOW $20.36 3,500 5.92% -$4,865.00 -6.39% Details STEC $27.24 3,000 6.79% -$5,582.90 -6.39% Details PHM $10.62 8,000 7.06% -$13,368.32 -13.60% Details

p/s photo: Preity Zinta