Tag Archive | "Update"

High Yield Dividend Champion Portfolio Update

High Yield Dividend Champion Portfolio Update

The High Yield Dividend Champion Portfolio is a publicly tracked stock portfolio on Scott’s Investments. The goal is to capture quality, high-yield stocks with a history of raising dividends.

The screening process for this portfolio originally started with the “Dividend Champions” as compiled by DRIP Investing. Sadly, the curator of the list at DRIP Investing, David Fish, recently passed away.

In the interim, a Seeking Alpha author has decided to continue tracking and updating the list. The list is comprised of stocks that have increased their dividend payout for at least 25 consecutive years. Stocks are then ranked on yield, P/E and 3-year dividend growth rate and assigned an overall rank.

Stocks are sold on the re-balance date (generally around the 5th of the month) when they drop out of the top 15 (to limit turnover) and are replaced with the next highest rated stock.

The top 25 stocks are below and displayed in order of their overall ranking (figures are from the end of July, “999” indicates a N/A value):

See More: Click Here

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Tracking George Soros' Portfolio - Q1 2018 Update

Tracking George Soros’ Portfolio – Q1 2018 Update

Summary

Soros’ 13F portfolio value increased from $4.37B to $6.16B this quarter. The number of positions increased from 196 to 219.

Short positions in SPDR S&P 500 and PowerShares QQQ index ETFs through Puts were added during the quarter.

Liberty Broadband at ~11% of the portfolio is the largest individual stock position.

This article is part of a series that provides an ongoing analysis of the changes made to George Soros’ 13F stock portfolio on a quarterly basis. It is based on George Soros’ regulatory 13F Form filed on 05/15/2018. Please visit our Tracking Soros Fund Management Holdings article for an idea on his investment philosophy and our previous update for the fund’s moves during Q4 2017.

Soros Fund Management invests globally, and the long positions in the US market reported in the 13F filings represent ~15% of the overall portfolio. The 13F portfolio value increased ~40% this quarter from $4.37B to $6.16B. The number of positions increased from 196 to 219. Very small stock positions and large debt holdings together account for ~37% of the 13F holdings. The investments are diversified with a large number of very small equity positions, a small number of large equity positions, and a few large debt holdings. As the small positions (<0.5%) do not indicate a clear bias, the focus of this article is on the larger equity positions. The top three individual stocks held are Liberty Broadband (NASDAQ:LBRDK), VICI Properties (NYSE:VICI), and Caesars Entertainment (NASDAQ:CZR). To learn about Soros' distinct trading style and philosophy, check out his "The Alchemy of Finance" and other works. New stakes: VICI Properties: In October last year, Caesars Entertainment combined with Caesars Acquisition in a merger (bankruptcy court reorg). The bankruptcy reorg included the spinoff of VICI Properties whereby the creditors received VICI shares. The 6.40% of the portfolio position (~7% of the business) came about as a result of this transaction - Soros had huge stakes (both equity and debt) in the parent businesses. The stock started trading at $18 per share and currently goes for $19.65. SPDR S&P 500 (NYSEARCA:SPY) Puts and PowerShares QQQ (NASDAQ:QQQ) Puts: The positioning through Index ETF Puts & Calls varies widely almost every quarter. Currently, the short positions through SPY and QQQ Puts are at 3.25% and 1.25% of the portfolio respectively (the percentages are adjusted to reflect Calls that partially offset the short stance). Note: Soros is known to use these ETFs to hedge other parts of his portfolio. As such, the positions do not indicate a clear market bias. JPMorgan Chase (NYSE:JPM), Amazon.com (NASDAQ:AMZN) and Calls, and Wells Fargo (NYSE:WFC): These small positions (~1% of the portfolio each) were established this quarter. The ~1.3% JPM stake was acquired at prices between $107 and $119, and it currently trades at $113. AMZN is 1.20% of the portfolio position purchased at prices between $1,180 and $1,600, and it is now at $1,587. The ~1% WFC stake was established at prices between $51 and $66 and it currently goes for $55.04. Citigroup (NYSE:C), GCI Liberty (NASDAQ:GLIBA), XL Group (NYSE:XL), Validus Holdings (NYSE:VR), and Discovery Communications (NASDAQ:DISCA): These are very small (less than 0.75% of the portfolio each) stakes established during the quarter. Note: Validus Holdings and XL Group positions are merger-arbitrage stakes: In January, AIG agreed to acquire Validus Holdings for $68 per share cash. In March, AXA agreed to acquire XL Group for $57.60 per share cash. Stake Disposals: Overstock.com Inc. (NASDAQ:OSTK): OSTK was a fairly large 3.61% of the portfolio position established last quarter at $40.45 per share. It participated in a capital raise through short-term (Jan. 2, 2018, expiry) warrants transaction. The warrants were exercised before expiry to initiate the long position. The disposal this quarter was at prices between $33 and $88. The stock currently trades at $37.90. Note: Soros had a ~9% ownership stake in Overstock. Halliburton Co. (NYSE:HAL) and Calls: HAL was a 1.84% stake purchased last quarter at prices between $41 and $49 and eliminated this quarter at prices between $44.50 and $57. The stock currently trades at $52.97. Note: HAL is a good trading stock for Soros. It has seen several roundtrips in the portfolio over the years. iShares Russell 2000 (NYSEARCA:IWM) Puts: The ~2% of portfolio IWM short position has wavered over the years. Recent activity follow: a large 7.65% stake was built in Q4 2016 as the underlying traded between $115 and $138. There was another roughly one-third increase in the following quarter as IWM traded between $134 and $140. Q2 2017 saw a ~25% reduction as IWM traded between $134 and $142 and that was followed with a ~50% selling the following quarter as IWM traded between $135 and $148. Last quarter saw a similar reduction at prices between $146 and $154. The disposal this quarter happened as the underlying traded between $145 and $161. It currently goes for ~$161. Comcast Corp. (NASDAQ:CMCSA) and Calls: CMCSA was a 0.85% portfolio position purchased in Q3 2017 at prices between $37 and $42 and reduced by ~42% last quarter at prices between $35 and $41. The remaining stake was sold out this quarter at prices between $33 and $43. The stock currently trades at $32.55. American Eagle Outfitters (NYSE:AEO), CBS Corp. (NYSE:CBS), Dave & Buster's (NASDAQ:PLAY), Walt Disney (NYSE:DIS) Calls, Extra Space Storage (NYSE:EXR), Gap Inc. (NYSE:GPS), and Select Financial SPDR ETF (NYSEARCA:XLF): These very small positions (less than ~0.75% of the portfolio each) were disposed this quarter. For More: Click Here

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High Yield Dividend Champion Portfolio – May Update

The High Yield Dividend Champion Portfolio is a publicly tracked stock portfolio on Scott’s Investments. The goal is to capture quality high yield stocks with a history of raising dividends.

The screening process for this portfolio starts with the “Dividend Champions” as compiled by DRIP Investing. The list is comprised of stocks that have increased their dividend payout for at least 25 consecutive years. Stocks are then ranked on yield, P/E and 3-year dividend growth rate and assigned an overall rank.

Stocks are sold on the re-balance date (generally around the 5th of the month) when they drop out of the top 15 (to limit turnover) and are replaced with the next-highest rated stock.

The top 25 stocks are below and displayed in order of their overall ranking (figures are from the end of April, “999” indicates an N/A value):

Name Symbol Yield P/E 3-yr.
Altria Group Inc. MO 4.99 14.61 8.3
Tanger Factory Outlet Centers SKT 6.38 29.66 12.7
Meredith Corp. MDP 4.21 16.5 6.3
Target Corp. TGT 3.42 15.71 8.7
PepsiCo Inc. PEP 3.68 19.71 7.7
AT&T Inc. T 6.12 19.46 2.1
Kimberly-Clark Corp. KMB 3.86 20.26 5.6
Black Hills Corp. BKH 3.35 6.21 5.1
Consolidated Edison ED 3.57 3.65 3.1
Leggett & Platt Inc. LEG 3.55 16.16 5
ExxonMobil Corp. XOM 4.22 24 4.3
Procter & Gamble Co. PG 3.97 17.14 2.6
Universal Health Realty Trust UHT 4.44 17.89 1.6
United Bankshares Inc. UBSI 4.01 15.43 1
Old Republic International ORI 3.82 9.67 1.4
Mercury General Corp. MCY 5.47 18.98 0.4
Realty Income Corp. O 5.21 45.92 5
Franklin Resources BEN 2.73 10.48 18.6
National Retail Properties NNN 4.99 31.7 4.1
Genuine Parts Co. GPC 3.26 19.03 5.3
People’s United Financial PBCT 3.83 17.59 1.5
National Fuel Gas NFG 3.23 8.78 2.6
Coca-Cola Company KO 3.61 36.93 6.2
Archer Daniels Midland ADM 2.95 24.4 10.1
Computer Services Inc. OTCQX:CSVI 2.62 17.01 15.8

There is turnover in one position this month. Helmerich & Payne Inc. (NYSE:HP) was sold for a capital gain of 5.61% and original purchase date of 3/8/2018. The proceeds were used to purchase SKT, which was a new addition to the Dividend Champion list this month.

For current portfolio: Click Here

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