Kepler Portfolio Review: 2 May 2025

Garage Sale Doll

Kepler is another portfolio managed using the simplified Asset Allocation model.  As with similar portfolios, I am gravitating towards capital preservation based on date from the Buffett Indicator and Shiller PE Ratio.  Later this morning I will post additional information on these two ratios.

Disclaimer:  Rather than investment advice as to what you should do, this blog is simply explaining what I am doing with the portfolios I watch over for other investors.  I pay attention to 15 different portfolios.  Thirteen are reviewed on a regular basis.  Hedgehunter reports on a few other portfolios and he uses different strategies.

Kepler Asset Allocation

Below are the current holdings for the Kepler.  Earlier this morning I added another five shares of SHV driving the cash down to nearly zero.  TSLOs are in place to sell all shares of VOO and SCHG as the broad market is overbought.  I plan to hold on to the dividend paying ETF, SCHD.

Kepler Performance Data

Since its launch several years ago, the Kepler has always lagged its benchmark (AOR) and that delta difference continues.  This portfolio would have been much better off if the investments concentrated only on the S&P 500 (SPY).

Kepler Risk Ratios

Based on the Jensen Performance Index, the Kepler is slowly gaining ground on the benchmark as both the Jensen and Information Ratios are above where they were a year ago.

When ITA portfolios come up for review I am setting TSLOs to sell off many of the U.S. Equity holdings.  The rational is based on an overbought market which I will explain in a later post.