Equity Portfolio Activity for the Week Ended July 1, 2016

Equity Portfolio as of July 1, 2016

Commentary: This was a week that had two distinct sets of opportunities. On Monday, it was a day to buy equites and close/reduce short positons as the market completed its sell-off from last Friday’s Brexit vote. From Tuesday through Friday it was a time to sell less favored equities as they rose in value, to increase short positions, and to add to volatility. I did all of the things noted here, and as displayed below the individual actions I took reflect this behavior. I expect the run higher in equities is nearing its end, and have positioned my portfolio to benefit from this exhaustion move. I have also selectively added to individual equities that I view as good long-term holdings given the Monday sell-off, and to my precious metal holdings with the addition of Harmony Gold Mining.

Good Luck and have a great week!

New Additions

1. Harmony Gold Mining
2. Mylan
3. S&P 500 Put Options Aug 19 Expiration

Increase in Holdings

1. First Solar
2. Golar LNG
3. Great Batch (changed name this week to Integer Holdings Corp)
4. Greenbrier
5. Legg Mason
6. Netflix July 15 Put Options
7. New Gold
8. Nokia
9. PayPal
10. Proshares Ultra Short S&P 500
11. Proshares Ultra Short VIX
12. S&P E-Mini Short Futures Contract September Expiration
13. S&P July Put Options
14. Synaptics
15. Tetra Technologies

Complete Dispositions

1. Apple (Bought and sold during the week)
2. Google (Bought and sold during the week)
3. Morgan Stanley (Bought and sold during the week)
4. Reaves Utility Income Fund
5. S&P 500 Put Options Jul 29 Expiration

Partial Decrease in Holdings

1. Corning Glass Works
2. Netflix Short Put Options July 22

Overall Equity Portfolio holdings

1. Alamos Gold
2. ASA
3. Arm Holdings
4. Bank of America
5. Bank of America Preferred C
6. BB&T Corp
7. Brocade
8. Brookfield Total Return
9. Chevron
10. Con Ed
11. CISCO
12. Corning – Reduced position
13. Daktronics
14. Disney
15. Eastman Chemical
16. Endo Int’l
17. Ericsson
18. First Solar – Increased position
19. Ford
20. General Electric
21. Golar LNG – Increased position
22. GreatBatch (now Integer Holdings Corp) – Increased position
23. Greenbrier – Increased position
24. Halliburton
25. Harmony Gold Mining – Opened New position
26. Hecla Mining
27. Hershey
28. Ingredion
29. IROBOT
30. Jabil Circuit
31. JP Morgan
32. JP Morgan Preferred D
33. Legg Mason – Increased position
34. Matson
35. Microsoft
36. MTN Group
37. Mylan – Opened New position
38. Netflix July 15 Put Options – Increased position
39. Netflix Short Put Options July 22 Expiration – Decreased position
40. New Gold – Increased position
41. Noble Corp
42. Nokia – Increased position
43. Nordic American Tanker
44. Norfolk Southern
45. Nucor
46. PayPal – Increased position
47. Phillips 66
48. Pro Shares Ultra Short S&P 500 – Increased position
49. Pro Shares Ultra VIX Short – Increased position
50. Qualcomm
51. Reaves Utility Income Fund – Closed position
52. S&P E-mini short futures – Increased position
53. S&P 500 August Put Options – Opened New position
54. S&P 500 July Put Options – Increased position
55. Sarepta Therapeutics
56. Square Inc
57. Synaptics – Increased position
58. Ten Cent Holdings
59. Tessera Technologies
60. Tetra Technologies – Increased position
61. Travelers
62. Twitter
63. Viacom
64. Wells Fargo
65. Yum! Brands

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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