Equity Portfolio Activity for the week ended April 8, 2016

Equity Portfolio as of April 8, 2016

Commentary:  As the week came to a close and the DJIA was up over 100 points on Friday, I decided to further reduce positions and lock in some gains.  I have no desire to sell more of my holdings, but given the market dynamics and my desire to be positioned to capture future buying opportunities, creating a larger cash position was appropriate.  Market fundamentals discourage me from new long positions.  There are equities I want to buy, but must wait for a better entry point. Patience continues to be my counsel in this current range bound market that appears to be heading for a break-out.  My trading speaks to my view that the break-out will be to the downside.

Good Luck and have a great week!


New Additions

  1. None


Increase in Holdings

  1. None


Complete Dispositions

  1. None


Partial Decrease in Holdings

  1. Brocade Communications – Reduced position
  2. Brookfield Total Return – Reduced position
  3. Greenbrier – Reduced position
  4. Microsoft – Reduced position
  5. Nucor – Reduced position
  6. Reaves Utility Income Fund – Reduced position


Overall Equity Portfolio holdings

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