Un Portfolio
A COMMUNITY OF CURIOUS UN-VESTORS
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Contents |
The Un Portfolio
| Company | Rec Date | Cost Basis | 8/25/2011 Price | % Return |
| Medtronic (NYSE: MDT) | 11/18/10 | $34.68 | $33.97 | -2.1% |
| ManTech Int'l (Nasdaq: MANT) | 12/3/10 | $40.46 | $35.74 | -11.7% |
| SAIC (NYSE: SAI) | 12/3/10 | $15.88 | $14.29 | -10.0% |
| Landstar Sys. (Nasdaq: LSTR) | 3/15/11 | $43.21 | $38.15 | -11.7% |
| Insituform (Nasdaq: INSU) | 5/18/11 | $24.78 | $15.15 | -38.9% |
| Aflac (NYSE: AFL) | 8/1/11 | $45.66 | $35.55 | -22.1% |
| Graco (NYSE: GGG) | 8/9/11 | $35.66 | $35.80 | 0.4% |
| Autodesk (Nasdaq: ADSK) | 8/25/11 | $26.25 | $25.56 | -2.6% |
The Un Philosophy
Unknown, unloved and unattractive investments made understandable.
Un-Vesting Defined
• Un-vesting is my way of trying to keep from making stupid decisions based on emotion. • Finding investments that are unknown, unloved or unattractive forces me to think independently and view the investment for its factual merits rather than of the glitz of its story.
The Five Rules of Un-Vesting
• I'll use the Five Rules as a checklist to help avoid stupid mistakes before recommending a stock. Look for it in the Un Port BUY Alerts. 1. Do your homework: know why others are turned off and invest with conviction 2. Have a margin of safety: The market does weird things, MoS is our insurance policy 3. K.I.S.S.: focus on the BIG THREE investment success factors and ignore the noise 4. Diversify: diversify through thought and counterbalancing biases 5. Father Health vs. Father Time: The financial house of our investments must be in order to give time for our thesis to play out
About the Un Port
I'll manage the Un Port as a stock-picking service, providing investment ideas each month, until it is fully invested. I'll continuously seek out the best investments for the Un Port and have fun along the way.
Portfolio Structure
Three Buckets, One Portfolio
-----------------------------
Portfolio weightings are ideal, but may vary from time to time.
1. Stock Picks (65%): expect one per month or so, ideally 12 to 15 total
2. Hedges (20%): cheap ways to neutralize biases and guard agains just being plain wrong
3. Dry Powder (at least 15%): I'll keep some cash for opportunistic deployment -- adding
to positions or taking advantage of shorter-term events
Position Sizing
-----------------------------
• Stock picks
Initial: positions will be 3% or 5% allocations of total capital depending on
conviction and margin of safety
Maximum: stock picks invested capital will be capped at 8%
• Hedges can be any size, up to 20% of the portfolio
• Dry Powder will ebb and flow depending on opportunities
The ideal Un Port holding is...
• Unknown, unloved or unattractive • Cheap in relation to its ability to generate cash • Run by a candid and invested management team • Capable of reinvesting profits in projects with adequate returns
Un Port Publications
- August 25, 2011 - Rising Star Buy: Autodesk
- August 8, 2011 - Rising Star Buy: Graco
- July 29, 2011 - Rising Star Buy: Aflac
- July 27, 2011 - 3 Things to Watch in Blue Coat's Earnings
- July 22, 2011 - 3 Ways to Play the Heat Wave
- June 29, 2011 - Berkshire Beckons
- June 28, 2011 - Security Breaches Create Opportunity
- June 24, 2011 - These Stocks Aren't Garbage
- June 22, 2011 - Is Your BOD DOA?
- May 17, 2011 - Rising Star Buy: Insituform Technologies
- April 26, 2011 - Should You Take a Spin With Whirlpool?
- March 14, 2011 - Rising Star Buy: Landstar System
- March 3, 2011 - Medtronic's Moat is Strengthening
- February 18, 2011 - 3 Incredible Buys for the Moderately Patient
- February 2, 2011 - Are Home Health Stocks Too Cheap?
- January 25, 2011 - Protect Your Portfolio from Cyber Threats
- December 10, 2010 - Shed the Story
- December 2, 2010 - Rising Star Buy: ManTech and SAIC
- November 23, 2010 - Strengthen Your Defenses
- November 17, 2010 - Rising Star Buy: Medtronic
- November 16, 2010 - 4 More Stocks For Your Watchlist
- November 2, 2010 - You Need to "Un-Vest"
Stuff You Might Care About
Who am I?
Bryan HInmon, CFA (TMF42). Pleased to meet 'ya. I've been a Fool for a decade, though I only joined the Fool full-time in February 2010. Before taking on my role as an analyst for Motley Fool Pro and Motley Fool Options, I performed equity research and managed money in the world of hedge funds (cue music of impending doom!). Because competitive analysis and valuation are (obviously) inherently exciting activities, I strike that all-important life balance by investing in less-than-exciting businesses. The companies I research are typically unknown, unloved, or just unsexy -- but making money by finding bargains in overlooked areas is definitely un-boring.
I also run the Fool DRIP Portfolio, a similar idea to the Rising Star portfolios but funded with my own money. If you're a fellow DRIPper, be sure to check it out.
Motley Fool Rising Stars
The Motley Fool has handed over $272,000 for 16 Rising Star Fools to invest in whatever way they see fit. Portfolio moves will be communicated on Fool.com, for all to see. The Un Port is my chunk of this change. Questions? Here are the deets.
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