2023

marshgerda

Apr 15

I am now up 5.9% for the year. Not great. Not horrible. Here are my 15 top holdings:

Ticker	Allocation
JXN	10.4%
ASLE	6.5%
RGA	6.1%
SPB	5.8%
EGY	4.4%
STNG	4.3%
UNTC	4.2%
ROIV	4.0%
ACR	3.9%
VATE	3.9%
AMPY	3.8%
SNFCA	3.6%
NXDT	3.5%
OCUL	3.3%
WLFC	3.2%

15 Top Holdings

WLFC dropped 4% yesterday on news that the offer to buy the company was being rescinded. Actually surprised it didn't drop more as it was probably under $40 when offer was made (currently at 57.24). But is the value of the company dictated by a low ball bid or by company fundamentals? This is a company trading under book value, where the book value is understated. Their business is doing well. The offer being taken off the table may result in a drop in share price, but the value is still there and that is what value investing is all about. I will likely be a buyer if it drops substantially.

Here is my 16 best ideas portfolio that I created just before the start of 2023. It is doing better than me!

Ticker	Start	Current	$ Gain	% Gain
ACR	7.75	9.49	$ 225	22.5%
AMPY	8.40	7.55	$ (101)	-10.1%
ARGO	26.51	29.54	$ 114	11.4%
ASLE	15.38	17.39	$ 131	13.1%
CMRE	9.06	10.00	$ 104	10.4%
JXN	35.02	36.78	$ 68	6.8%
MX	8.71	9.40	$ 79	7.9%
NMM	26.34	23.69	$ (99)	-9.9%
OCUL	2.67	5.26	$ 970	97.0%
RENN	1.39	1.27	$ (86)	-8.6%
SIMO	62.39	66.17	$ 61	6.1%
SPB	59.25	68.31	$ 160	16.0%
TK	4.58	6.09	$ 330	33.0%
UNTC	58.48	44.80	$ (63)	-6.3%
UNVR	31.72	35.30	$ 113	11.3%
VATE	1.73	2.93	$ 694	69.4%

				16.9%

Then here is my shipping charity portfolio. This is a real investment of $20,000 and I will donate any gains (the amount in excess of $20,000) to a charity at year end.

Ticker	Start	Current	$ Gain	% Gain
DAC	54.91	59.28	336	8.0%
SB	3.64	3.84	234	5.5%
TNP	18.03	18.30	64	1.5%
INSW	38.94	40.21	138	3.3%
STNG	53.65	56.77	250	5.9%

Q2			1,023	4.8%
Total			2,252	10.1%