The Model Portfolio Small Cap Discoveries was updated this weekend. New Adds of 10 stocks were made and Removals of 16 stocks were made. All prices are as of 01/19/2024. A total of 18 stocks are in the Portfolio now.

The Portfolio continues to outpace its benchmark, IJR, by a wide margin. The Portfolio is up over 26% for the year and 16% ahead of its benchmark.

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 – AAN, ACU, CPLP, FLXS, FSTR, HBB, MRC, NNBR, ROOT, USAP

Remove – ARAY, ARIS, BRY, DTC, EHTH, GDOT, KNOP, OIS, ORN, PNTG, QUAD, TAST, TSQ, ULBI, WLDN, ZIMV

Noteworthy are TAST (added 4/21/2023), ORN (added 8/18/2023) and ZIMV (added on 10/20/23) were all removed from the active list, this update. They were up 157%, 56% and 134% respectively. Retained in the active list were VIRC (added 9/22/23) and PANL (added 10/20/23). They are up 78% and 43% 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 12/31/2022 to 01/19/2024

Small Cap Discoveries	26.54%
IJR (Small Cap benchmark)	10.25%
CANSLIM Growth	32.37%
IJR (Small Cap benchmark)	10.25%
Mid Cap Flyers	17.86%
MDY (Mid Cap Benchmark)	12.96%
Large Cap Stalwarts	13.05%
RSP (Large Cap benchmark)	10.32%
BI-Weekly Swings	45.42%
BSMAX ( Russell Small/Mid-Cap Index Fund)	11.25%
Quant Alpha’s	41.98%
EQAL (Russell 1000 Equal Weight ETF)	6.99%

Backtests for the Model Portfolios

This update of the Portfolio showed a large turnover of stocks. This is the earnings time of the year and it is to be expected that the Portfolio will experience lots of turnover since the Portfolio is driven by fundamental data. Noteworthy, were the removal of ORN and ZIMV at a large profit. They had been in the Portfolio for several months. Also TAST was removed at a large profit. The software wanted to retain this one but I thought it unwise to retain a stock that has agreed to a merger and that only has 1.6% upside from here.

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