Bohr Portfolio Review: 19 July 2024

Yellowstone National Park

Over the next few months the Bohr will follow the management style of the Huygens and Pauling portfolios.  There will be slight differences in the percentage allocated to different asset classes, but the asset allocation model will be followed.

The owner of the Bohr will need a significant percentage of this portfolio over the next six to eight months and that is the reason for holding so much cash.

Bohr Asset Allocation

Below is the current investment quiver for the Bohr.  Over time, and when there is “free” cash the various asset classes will be built to where the portfolio will hold percentages laid out in the third column from the left.

Once past the time when cash is flowing in and out of the Bohr and it stabilizes, the goal is to keep each asset class within one-half of one percent of the recommended allocation.

Bohr Manual Risk Adjustments

At this point I will invest small amounts in the various ETFs as we work up to the suggested percentages.  The hope is that by this time next year fresh cash will replace the cash needed for upcoming expenditures.

Bohr Performance Data

Cash is a drag in an up market and that is quite apparent with the Bohr as it lags all benchmarks.

Bohr Risk Ratios

Over the past year the Bohr lagged the SPY benchmark, but has held a flat Jensen Performance Index.  As cash is withdrawn over the next few months and we hope eventually replaced, watch the action of the Jensen.  This type of portfolio behavior is different so it will be interesting to see how the Jensen Alpha waffles over the next year.

I hope to be on top of portfolio updates once August arrives.