Equity Portfolio Activity for the Week Ended April 29, 2016

Equity Portfolio as of April 29, 2016

Commentary: I took advantage of what I think are market opportunities this past week. Apple, First Solar, Synaptics and Twitter sold off meaningfully this week. In each of them I see long-term value and added modestly at this time. The market strikes me as being in flux with a great degree of uncertainty being felt by investors. In that there is often opportunity. At the moment I seek returns from short positions (S&P 500 E-Minis) that hedge my long portfolio and will be quick to liquidate them based on market changes. I also opened a short position in the UK Pound that reflects the Brexit tension and a view that the US dollar may bounce higher. My weekly market analysis post indicates the dollar may continue to weaken, so I will be very watchful of FX moves to cut any losses very quickly. I expect volatility as there is much confusion out there so please be careful.
Good Luck and have a great week!

New Additions
1. Apple
2. Pro Shares Ultra Short
3. Yahoo
4. Sold Great Britain Pounds

Increase in Holdings
1. First Solar
2. Synaptics
3. Twitter

Complete Dispositions
1. None

Partial Decrease in Holdings

1. None

Overall Equity Portfolio holdings

1. Alamos Gold
2. Apple – New Addition
3. ASA
4. Arm Holdings
5. Alibaba
6. BB&T Corp
7. Brocade
8. Brookfield Total Return
9. Chevron
10. Con Ed
11. Costamare
12. CISCO
13. Corning
14. Disney
15. Eastman Chemical
16. Endo Int’l
17. Ericsson
18. First Solar – Increased position
19. Ford
20. Frontline
21. General Electric
22. GLD
23. Golar LNG
24. GreatBatch
25. Greenbrier
26. Halliburton
27. Hecla Mining
28. Hershey
29. Ingredion
30. JP Morgan
31. Matson
32. Microsoft
33. MTN Group
34. New Gold
35. Nokia
36. Nordic American Tanker
37. Norfolk Southern
38. Nucor
39. Olin Corp
40. PayPal
41. Phillips 66
42. Pro Shares Ultra Short – New Addition
43. Qualcomm
44. Reaves Utility Income Fund
45. Synaptics – Increased position
46. Ten Cent Holdings
47. Travelers
48. Twitter – Increased position
49. Viacom
50. Wells Fargo
51. Yahoo – New Addition
52. Yum! Brands
53. Zimmer Biomet Holdings

Author: Thomas Connolly

Tom possesses a rich and diverse background that includes deep investing experience, senior corporate executive positions, and roles as a Regional Managing Partner and Global Industry Leader within Ernst & Young. He has advised executives on some of the largest acquisitions and dispositions in the Media and Entertainment industry, including clients such as Comcast, Citibank, Sony, Dalian Wanda and Publicis. Tom is a Certified Public Accountant with a Masters Degree from Columbia University. His skills are further accompanied by a personal passion for the study of economic trends and evolving market dynamics.

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