Portfolio Performance 2015

I started the “Bargain Hunter”-portfolio at the end of Q1 2015 with a clear idea of buying quantitatively cheap shares.

The average return of the shares was -0.3 %. This is not the same as the portfolio return (which was a tad worse). The absolute return of the portfolio is more difficult to calculate (transaction costs, tax, fx rates etc) and I think – of little value in the first year. Especially given the short holding period for most shares.

So, what does -0.3 % tell me? Well, comparing to some major indices it looks promising. Most major markets have been in decline since Q1, so a break-even result is ok.

Next year is going to be interesting!

Open Positions        
Company Price Div EOY Return
Kingboard Copper Foil Holdings Ltd 0.1807 0.2 11%
NICHIWA SANGYO CO., LTD. 235 252 7%
MultiClient Geophysical 0.7 0.74 6%
KK Chuokeizai-Sha Holdings 418 432 3%
EIDAI KAKO CO., LTD 294 301 3%
Charle Co Ltd 474 481 1%
Renesas Easton Co Ltd 460 458 0%
QC Holdings, Inc. 1.67 0.075 1.46 -8%
PC Partner Group Ltd 0.752 0.69 -8%
Tiemco Limited 577 517 -10%
I-O DATA DEVICE, INC. 630 13 549 -11%
NIPPON ANTENNA CO., LTD 655 576 -12%
Oriental Watch Holdings Limited 1.344 0.0035 1.14 -15%
Emerson Radio Corp 1.18 0.99 -16%
Coventry Group Ltd. 1.454 0.025 1.15 -19%
Swing Media 0.856 0.61 -29%
Boom Logistics Limited 0.13 0.092 -29%
Closed Positions        
Company Entered Div Exited Return
HXTL 1.38 3.05 121%
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