Copernicus Portfolio Review: 4 September 2023

Clay model for future hood ornament.

With markets closed due to Labor Day, this seems like an appropriate time to review the Copernicus portfolio as no sell decisions are required.  As readers will recall, the Copernicus is the portfolio where we continue to purchase U.S. Equities as new cash and dividends provide opportunities to build the portfolio.

Copernicus Security Holdings

Below are the current holdings and recommendations for continued construction.  The investing model is Buy-Hold-Sell (BHS) and the look-back combination is the default settings.

VOO holds the #1 rank and is designated as a Hold.  If the Maximum Number of Assets were set to 4 instead of 3, SPY would also be a straight Hold rather than Hold?.  I don’t pay much attention to the BHS recommendations when working with the Copernicus.  Instead, I focus on the ranking.  I set a limit order to purchase more shares of VOO with the available cash.

Copernicus Performance Data

As the top ITA portfolio performer the Copernicus is trouncing the S&P 500 (SPY) index.  This opportunity occurred as I was able to pick up equity shares at a lower price in 2022 and those shares are now having a positive impact on the annualized IRR value.

Copernicus Risk Ratios

All the risk values are strong as we look back over the past year of data.  We expect the Copernicus should continue to do well, assuming we do not have a significant recession or worse – a depression.  Neither looks likely at this time.

Copernicus Buy & Hold Portfolio Review: 18 May 2023