Bohr Portfolio Review: 21 July 2023

Smart phone photo of Willamette River, Tilikum Crossing Bridge, and Crystal Dolphin cruise ship.

Bohr is the scheduled portfolio up for review this morning, and like the Bethe, it is in a state of flux as I’m shifting toward a growth oriented portfolio.  The goal is to move the return performance closer to that achieved by the Copernicus and Schrodinger portfolios.

Bohr Investment Quiver and Holdings

We are having problems with the ITA data downloading file.  As you can see, yields and dividends are not working.

Eventually the Bohr will become another Sector BPI model portfolio.  For now the portfolio is holding a number of Closed-End-Funds and a few U.S. Equity holdings such as SPY, VOO, and VTI.

Bohr Security Recommendations

No sector ETFs are recommended for purchase based on Bullish Percent Indicator data.  We ignore the Buy signals generated by the Kipling worksheet.  However, we do use the ranking shown in the 5th column from the right to determine which ETFs to fill first from the securities ESGV down to AGG.

With over $40,000 in cash limit orders are set for VEA, VOO, SPY, and ESGV – in that order.

Bohr Manual Risk Adjustments

Note that VOO is oversubscribed as it is currently up to 75 shares when only 56 are recommended.  Limit orders are set to add 490 shares of VEA, 10 shares of SPY, and 165 shares of ESGV.  Those three ETFs will use up all available cash.

Bohr Performance Data

Over the past 18.7 months the Bohr lags the SPY benchmark by 4 percentage points annualized.  It will be difficult to close this gap in a bull market, but that is the goal.

Bohr Risk Ratios

Over the past three weeks the Bohr gained a bit of ground when the Jensen Alpha is used as a reference.  Another performance clue is the Information Ratio as it moved from -0.38 to -0.35.  The slope of the Jensen is still quite negative and another goal is to turn that around over the next six months.

In addition to all the purchase orders, TSLOs are in place for shares held in VOO, SPY, VTI and VEA as a capital preservation move.