Equity Portfolio Activity for the Week Ended July 29, 2016

Equity Portfolio as of July 29, 2016

Commentary: The portfolio below contains the fewest number of individual holdings for the year. By every measure I track and analyze, today’s market is priced at a level that offers limited gains in the future. Of course, emotionally motivated buying can continue to feed the rise in prices, but for this investor it is best to watch from the sidelines and to maintain hedges that will offset the impact of price declines. During the week, I modestly increased hedges and added a small amount of Bitcoin and Netflix shares sold short.

Good Luck and have a great week!

New Additions

1. None

Increase in Holdings

1. Bitcoin
2. NFLX Shares Sold Short
3. Proshares Ultra Short S&P 500
4. Proshares Ultra Short VIX
5. S&P August Put Options

Complete Dispositions

1. None

Partial Decrease in Holdings

1. None

Overall Equity Portfolio holdings

1. Alamos Gold
2. ASA
3. Arm Holdings
4. BB&T Corp
5. Brocade
6. Brookfield Total Return
7. Chevron
8. Con Ed
9. CISCO
10. Disney
11. Eastman Chemical
12. Endo Int’l
13. First Solar
14. Ford
15. General Electric
16. Golar LNG
17. Halliburton
18. Harmony Gold Mining
19. Hecla Mining
20. Hershey
21. Ingredion
22. JP Morgan
23. Microsoft
24. New Gold
25. Nordic American Tanker
26. Norfolk Southern
27. Phillips 66
28. Pro Shares Ultra Short S&P 500 – Increased position
29. Pro Shares Ultra VIX Short – Increased position
30. Qualcomm
31. S&P E-mini short futures
32. S&P 500 August Put Options – Increased position
33. Synaptics
34. Tetra Technologies
35. Travelers
36. Twitter
37. Viacom
38. Wells Fargo
39. 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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