Millikan Sector BPI Portfolio Review: 5 July 2023

Port Townsend Dock

The Millikan portfolio is one of several Sector BPI Plus portfolio watched over here at ITA.  While it is very early in July, the results are positive thus far, something not exactly expected for this time of year.

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Millikan Investment Quiver and Holdings

Six of the eleven (11) sectors hold shares.  Based on the most recent BPI data, I have a TSLO set to sell all 90 shares held in VNQ.  This easily could end up a loss as VNQ is currently under water based on the purchase price.  If so, it will be the first sector loss for the Millikan.

Millikan Security Recommendations

I only partially use the Kipling to manage the Millikan.  The first order of business is to fill all sector requirements.  Currently, there are no purchase recommendations so we look to several ETFs as a potential place to invest the available cash.  Those ETFs are:  SPY, ESGV, VTI, VOO, VEA, VWO, BND, AGG, and SHV.

Using the Rank column found in the 5th column from the right you will see that VOO with a #4 rank is the highest among this group.  The next question is – how many shares can we purchase?  In the above screenshot we see where the maximum percentage allowed for VOO is 40%.  This is a percentage I set for VOO.  This month we do not have sufficient cash to boost VOO up to 40% of the portfolio.

Millikan Manual Risk Adjustments

Since I am not selling anything out of the Millikan we have $2700 to invest in VOO and that is approximately 6 more shares.  Limit orders are in place to purchase 6 more shares of VOO.  Otherwise there is no action in the Millikan.

Millikan Performance Data

Since 12/31/2021 the Millikan has managed to outperform SPY by about one percentage point when annualized or nearly two percentage points over the 18 months.

Millikan Risk Ratios

During these first few days of July the Millikan picked up a little ground based on the Jensen Performance Index.  The slope of the Jensen is positive, another encouraging signal.  Note how consistent the Sortino Ratio has been over the past year.

Overall, the Millikan is definitely meeting expectations.

Tweaking Sector BPI Plus Model: 20 May 2023