Equity Portfolio Activity for the week ended May 13, 2016

Equity Portfolio as of May 13, 2016

Commentary: The market activity this week tracked what I anticipated, with early gains ultimately fading into a net loss for the week. This had me relatively quiet as I waited to see if trend confirmation to the downside was to occur. Sure enough on Friday the market reversed off of its bounce higher in the morning and kept pressing lower throughout the day. I added to my E-Mini short once mid-day resistance points were breached on Friday. The companies I increased my long positions in were very modest in size as I do not believe the selling is done, but nonetheless felt there was value to be bought, and so in small increments I added to existing positions. Risk remains to the downside, so trade carefully.
Good Luck and have a great week!

New Additions
1. None

Increase in Holdings

1. Apple
2. Brocade Communications
3. First Solar
4. Nokia
5. Qualcomm
6. Square Inc
7. S&P E-mini short futures position
8. Twitter
9. Yum Brands

Complete Dispositions
1. Google

Partial Decrease in Holdings
1. None

Overall Equity Portfolio holdings
1. Alamos Gold
2. Apple – Increased position
3. ASA
4. Arm Holdings
5. Alibaba
6. BB&T Corp
7. Brocade – Increased position
8. Brookfield Total Return
9. Chevron
10. Con Ed
11. Costamare
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. Google (Alphabet) – Closed position
25. GreatBatch
26. Greenbrier
27. Halliburton
28. Hecla Mining
29. Hershey
30. Ingredion
32. JP Morgan
33. Matson
34. Microsoft
35. MTN Group
36. New Gold
37. Nokia – Increased position
38. Nordic American Tanker
39. Norfolk Southern
40. Nucor
41. Olin Corp
42. PayPal
43. Phillips 66
44. Pro Shares Ultra Short
45. Qualcomm – Increased position
46. Reaves Utility Income Fund
47. S&P E-mini short futures – Increased position
48. Square Inc – Increased Position
49. Synaptics
50. Ten Cent Holdings
51. Travelers
52. Twitter – Increased position
53. Viacom
54. Wells Fargo
55. Yahoo
56. Yum! Brands – Increased position
57. 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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