Portfolio Changes to Vailshire Partners LP Hedge Fund (Week of Sept. 17-21) – $CNTE $MKTX $MKC $NKE $CW $CYH $AYX $RLGT
Highlights: The Dow Jones Industrial Average and S&P 500 performed well relative to the technology-heavy NASDAQ last week. Much of the optimism in the former markets was related to hopes of resolving the US-China trade spat. At Vailshire, we are less optimistic of a quick and painless agreement with China and remain generally short Chinese equities, as well as emerging and frontier markets.
Pessimism aside, I am hopeful that we will see a NAFTA compromise with Canada by the end of this week, which may propel the equities markets in the US to new highs. In Vailshire Partners LP we remain cautiously long many US equities, but are maintaining our shorts and are keeping a watchful eye on our trailing stop losses to preserve our market-beating gains to date.
Our gross year-to-date performance of 16.8% continues to outperform the S&P 500, the comparison benchmark of Vailshire Partners LP.
How About Our Hedges?
This is an important safety measure for any equities-based, long-short hedge fund, such as Vailshire Partners LP.
As of September 24th, the top five open short positions in our fund are:
5. $BBBY (Bed Bath & Beyond, Inc.), up 6.4%.
4. $BUD (Anheuser-Busch InBev), up 10.9%.
3. $YTRA (Yatra Online, Inc.), up 14.3%.
2. $JCP (J.C. Penney Company, Inc.), up 29.7%.
1. $LCI (Lannett Company, Inc.), up 70.8%.
New LONG position(s) in Vailshire Partners LP last week:
Closed LONG position(s):
New SHORT position(s):
Covered SHORT position(s):
Gross September returns (through 9/21/18): -1.73%
Gross YTD returns (through 9/21/18): 16.8%
Vailshire Partners, LP is an innovative, long-short, healthcare and technology-focused hedge fund based in Colorado Springs, CO that is managed by Dr. Jeffrey W. Ross. The hedge fund is currently accepting new investments of $1 million or more from approved accredited investors.
Please direct inquiries to Dr. Jeffrey W. Ross at: email@example.com or (719) 330-1640.
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