Millikan Sector BPI Portfolio Review: 10 November 2023

Shane Cabin, Wyoming

Millikan is another modest size Sector BPI portfolio.  We are still working with two oversold sectors, identified later in this blog post.  No changes are planned as the Millikan is fully populated.

Millikan Investment Quiver and Holdings

Materials (VAW) and Staples (VDC) are the two oversold sectors.  VAW is on target and VDC is over subscribed so we are fine going forward.  Yesterday I used available cash to pick up single shares of VDE, VFH, and VGT so data is available for all eleven sectors when it comes time to prepare a Portfolio Report.  Since the Millikan is so new to the Sector BPI model such a report will need to wait a few months.

There is an error in the dividend calculation for VNQ.  That value is over $221.00 so the correction will show up in the next review.

Millikan Manual Risk Adjustments

When the Kipling spreadsheet is set up with the BHS style and the default look-back period, all securities are recommended to Sell.  Since BPI data is used to guide us in how we work with the sectors, the following recommendations only apply to the U.S. Equity ETFs.

I have a Trailing Stop Loss Order of 8% set to sell 32 shares of VOO to protect capital and follow the worksheet recommendations.  If sold this leaves one share for Portfolio Report purposes.  This is really not necessary, but I want a record for interest sake.

Millikan Portfolio Performance

Over the past 22 plus months the Millikan outperformed the SPY benchmark.  The lead is even greater for the other five potential benchmarks.

Millikan Risk Ratios

In addition to the break even Internal Rate of Return (IRR) percentage the Millikan is managing to do this with minimum risk.  Any Jensen value greater than zero is a victory.

Once we clear the negative Jensen values through next February it will be interesting to see if the slope of the Jensen is still positive.

When last reported, the Millikan was the fourth best performing portfolio tracked here at ITA.

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Millikan Sector BPI Update: 20 July 2023