Sea Lions – Astoria, OR
Huygens is another ITA portfolio in a state of flux as I’m transitioning over to the Sector BPI investing model. One more CEF is up for sale and that security is KYN. SPE was sold out of the portfolio this morning.
Huygens Investment Quiver and Holdings
The latest holdings for the Huygens are shown below. Limit orders for different sector ETFs use up the $32,000 in cash and more orders will be set once shares of KYN are sold.
Huygens Manual Risk Adjustments
The 5th column from the right shows the number of shares that need to be purchased to bring the various sectors into “compliance” with the recommended percentages. If the market continues to rise one can expect a few sectors to move out of the oversold zone. When “rebalancing” a portfolio I prefer lower prices. This is not an easy time to reposition a portfolio.
Huygens Performance Data
Since 12/31/2023 the Huygens is slightly behind the SPY benchmark, but ahead of all the other five potential benchmarks.
Huygens Risk Ratios
Don’t pay too much attention to the latest November data as it is much too early in the month to give credence to these values.
The Information Ratio has improved since last summer, but is still negative. With the new Sector BPI model now working for the Huygens the hope is to turn the Jensen slope from a negative to a positive. To reverse the negative trend is going to take several months of better than average performance from the Huygens.
It may be another month before the Huygens is fully positioned to take advantage of the Sector BPI model as KYN needs to be sold out of the portfolio to raise the needed cash to buy under-populated sector ETFs.
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