U.S. stock markets ended the week slightly higher, driven primarily by consistent gains in selected technology stocks.
The Nasdaq set another new record, jumping 0.94%. The Dow Jones rose by 0.16%, and the S&P 500 also eked out a 0.27% gain.
The MSCI Emerging Markets Index continued to be the Belle of the Investment ball, rising yet another 2.43%. Emerging markets are having a strong year, and some smart money masters I am monitoring are also increasing their bets on the sector.
Your Smart Money Masters’ holdings had a solid week. BlackBerry (BBRY) soared 7.50%, Baxter International (BAX) rose 2.57% and PayPal Holdings, Inc. (PYPL) gained 2.27%.
Several of your positions are oversold and trading below their 50-day moving averages, including Berkshire Hathaway (BRK-B), Navigator Holdings (NVGS), Markel (MKL), Liberty Broadband (LBRDK) and Kraft Heinz (KHC). Therefore, these positions are all currently a HOLD.
May 15, 2017, marked the deadline for money managers to disclose on form 13F their top holdings as of March 30, 2017.
I’ve compiled the following chart of your current Smart Money Masters’ holdings and how the size of those positions have changed since December 31, 2016.
As you can see, each of your Smart Money Masters’ recommendations remained a large part of each smart money master’s portfolio.
The most notable move in this regard came from Wilbur Ross’ bet on Navigator Holdings (NVGS). Ross has increased his relative weighting in his 13F portfolio substantially from 44.33% to 57.13%.
Note that I do not indicate a position size for those investments that were carried over from the Alpha Investor Letter portfolio. Also, Berkshire Hathaway (BRK-B) and Markel (MKL) stand at 100% position sizes
Portfolio Update
Sincerely,
Nicholas A. Vardy
