The Model Portfolio Small Cap Discoveries was updated this weekend. New Adds of 9 stocks were made and Removals of 8 stocks were made. All prices are as of 08/16/2024. A total of 20 stocks are in the Portfolio now.
The Portfolio continues to outpace its benchmark, IJR, by a wide margin. The Portfolio is up over 56% for 2023-2024 and 30% 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 to identify positive trends such as upside, surprises, magnitude, and consensus metrics. In addition Relative Strength, Price/Sales and Price/Book are examined.
BackTest – The Backtest for this Portfolio outperformed the IJR benchmark in 15 out of the 19 years tested. It underperformed in years 2008, 2015, 2017 and 2019. When the Portfolio outperformed, it was usually by a wide margin. The best year was 2009 when it was up by 127%.
Add – ACCO, AMPY, BKTI, BZFD, KINS, LFVN, OIS, PANL, SGC
Remove – AVD, BRY, FSTR, LCUT, OPFI, SHIP, STRW, TTEC
Noteworthy are HBB(added 6/21/24) and HRTG (added 08/18/23). They are up 82% and 175% respectively.
See the Small Cap Discoveries Portfolio Detail Here
Performance 12/31/2022 to 08/16/2024
Click here for Live Portfolio results
Backtests for the Model Portfolios
This update of the Small Cap Discoveries Model Portfolio is highlighted by its continuing outperformance over its benchmark, lead by HRTG which is up 175% since added. The Portfolio is up 56% since it went live at the beginning of 2023.
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