The Model Portfolio Small Cap Discoveries was updated this weekend. New Adds of 7 stocks were made and Removals of 7 stocks were made. All prices are as of 12/22/2023. A total of 24 stocks are in the Portfolio now.
The Portfolio continues to outpace its benchmark, IJR, by a wide margin. The Portfolio is up over 30% for the year.
The Small Cap Discoveries portfolio is made up of 20 to 30 stocks. It consists of three separate strategies used together to get a good cross section of Small and Micro Cap stocks. The criteria used is Earnings per share (EPS) and related data concerning EPS, Relative Strength, Price/Sales and Price/Book.
Add – ARAY, EHAB, GDOT, HEAR, KNOP, MPAA, TSQ
Remove – ACCO, CMTL, DSX, LFVN, LSEA, MTW, SB
Noteworthy are TAST (added 4/21/2023), ORN (added 8/18/2023), VIRC (added 9/22/23) and ZIMV (added on 10/20/23). They are currently up 103%, 47%, 81% and 137% respectively.
See the Small Cap Discoveries Portfolio Detail Here
In the Six Model Portfolios, Mid Cap Flyers, Small Cap Discoveries, CANSLIM Growth, Large Cap Stalwarts, BI-Weekly Swings and Quant Alpha’s, the end-of-week stats are below.
Performance 2023 to 12/22/2023
| Small Cap Discoveries | 30.19% |
| IJR (Small Cap benchmark) | 14.48% |
| CANSLIM Growth | 35.57% |
| IJR (Small Cap benchmark) | 14.48% |
| Mid Cap Flyers | 21.53% |
| MDY (Mid Cap Benchmark) | 14.84% |
| Large Cap Stalwarts | 11.79% |
| RSP (Large Cap benchmark) | 11.16% |
| BI-Weekly Swings | 49.38% |
| BSMAX ( Russell Small/Mid-Cap Index Fund) | 15.02% |
| Quant Alpha’s | 39.84% |
| EQAL (Russell 1000 Equal Weight ETF) | 8.90% |
Backtests for the Model Portfolios
This the last Portfolio update for the year. As the backtest predicted, there were times during the year when the Portfolio slightly underperformed its benchmark IJR, times when it matched its benchmark and times when it substantially outperformed its benchmark. The Portfolio is ending the year with a large outperformance over the benchmark in the aggregate. I fully expect we will see more of the same in 2024.
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