Jan 8, 2022

Honest Board: Trade archive

Due to size constraints, the tables below only contain recent trades, although the totals at the top include everything since inception. The archive showing older trades is available here.

The tables below contain only closed trades. For open trades please see our Honest Board weekly roundup, published on Fridays after the close.

Medium term portfolio (The Money Game)

Closed trades since inception: 16

Closed trades which made money: 6

Closed trades which lost money: 6

Closed trades which broke even: 4

Ticker	Date entered	Date exited	Entry	Exit
BNTX	29th Nov 22	28th Dec 22	161.70	162

Short term portfolio (More Buyers or Sellers)

Closed trades since inception: 61

Closed trades which made money: 21

Closed trades which lost money: 32

Closed trades which broke even: 8

Ticker	Date entered	Date exited	Entry	Exit
UAL (s)	17th Jul 23	28th Aug 23	53.75	49.06
MA (s)	31st Jul 23	29th Aug 23	395.05	407.42
PFE	5th Sep 23	20th Sep 23	35.91	33.70
PEP	28th Aug 23	27th Sep 23	178.40	172.31
WMT (s)	25th Sep 23	6th Oct 23	162.50	152.50
CAT (s)	2nd Oct 23	6th Nov 23	272.80	241.51
NVDA (s)	16th Oct 23	6th Nov 23	453.10	452.85
URA	25th Oct 23	14th Nov 23	26.46	27.80
RIG	4th Dec 23	7th Dec 23	6.41	5.80
CAT (s)	11th Dec 23	15th Dec 23	261.60	280.10

Equity portfolio

In our equity portfolio, we enter our active portfolio on the open on Monday, and exit on the Friday close (holidays permitting). The return in the table below is calculated from these values.

Some methodology is described here and here.

Cumulative performance relative to SPY since inception: 244bps

Week	Active portfolio	Return
5th Sep 23	Short 8% XLF, long 8% XLB	-11bps
11th Sep 23	Short 5% XLK, long 5% XLV	17bps
18th Sep 23	Short 8.3% XLI, long 8.3% EFA	9bps
25th Sep 23	Short 5% XLY, long 5% XLU	-35bps
2nd Oct 23	Short 7% XLF, long 7% XLV	10bps
16th Oct 23	Short 7% XLF, long 7% XLP	28bps
23rd Oct 23	Short 6% XLF, long 6% XLU	26bps
30th Oct 23	Short 5% XLI, short 5% XLV, long 3% XLP, long 7% XLB	0bps
6th Nov 23	Short 5% XLI, long 5% EEM	-12bps
13th Nov 23	Short 5% XLI, long 5% EEM	-1bp
20th Nov 23	Short 6% XLY, long 6% IWM	-1bp
27th Nov 23	Short 10.5% XLV, long 8% XLP	-1bp
4th Dec 23	Short 8.2% XLI, long 7% XLB	-14bps
11th Dec 23	Short 8.2% XLI, long 7% XLB	2bps

Global Asset Allocation portfolio

Our Balanced portfolio is benchmarked to 60% MSCI ACWI and 40% Bloomberg Global Agg, rebalanced weekly. As of 10th July 23 we can take views in growth, value, and international allocations, as well as whether to hedge our currency exposure on the equity component.

Returns in the table below are calculated using the Monday open to Friday close on any weight adjustments.

Cumulative return relative to benchmark since inception: -247bps.

Week	Portfolio	Return
28th Aug 23	-10% IVW, 10% AGG, 10% UUP	-26bps
5th Sep 23	-10% IVW, 10% UUP	22bps
11th Sep 23	-10% IVW, 10% AGG, 10% UUP	4bps
18th Sep 23	-10% IVW, 10% AGG, 10% UUP, 10% ACWX	6bps
25th Sep 23	-10% IVW, -10% IVE, 10% AGG, 10% IAGG	-2bps
2nd Oct 23	-10% IVW, -10% IVE, -10% ACWX, 10% AGG, 10% IAGG	-24bps
9th Oct 23	-10% IVW, -10% IVE, -10% ACWX, 10% AGG, 10% IAGG	11bps
16th Oct 23	-10% IVW, -10% IVE, -10% ACWX, 10% AGG, 10% IAGG, 10% UUP	49bps
23rd Oct 23	-10% IVW, -10% IVE, -10% ACWX, 10% AGG, 10% IAGG, 10% UUP	76bps
30th Oct 23	-10% IVW, -10% IVE, -10% ACWX, 10% AGG, 10% IAGG, 10% UUP	-156bps
6th Nov 23	-10% IVW, -10% IVE, -10% ACWX, 10% IAGG	-20bps
13th Nov 23	-10% IVW, -10% IVE, -10% ACWX, 10% IAGG	-67bps
20th Nov 23	-10% IVW, -10% IVE, -10% ACWX, -10% UUP	-23bps
27th Nov 23	-10% IVW, -10% IVE, -10% ACWX, -10% UUP	-15bps
4th Dec 23	-10% IVW, -10% IVE, -10% ACWX, -10%AGG	-4bps
11th Dec 23	-10% IVW, -10% IVE, -10% ACWX, -10%AGG	-84bps

Absolute Return Portfolio

Our absolute return portfolio is benchmarked to cash. Positions are generally rebalanced at the close on the specified rebalance dates.

Rebalance Date	Portfolio
21st Aug 23	7.4% GLD, 4.6% LMT, 5.3% XLU, 0.7% UVXY, 11.7% TIP, 4.4% ASHR, 3.6% EMLC, 1.8% KRE, 60.7% Cash
11th Sep 23	7.6% GLD, 4.4% LMT, 5.3% XLU, 11.7% TIP, 4.3% ASHR, 1.7% KRE, 1.4% SPY 430 put, -1.2% SPY 425 put, 64.8% Cash
15th Sep 23	7.6% GLD, 4.3% LMT, 5.3% XLU, 11.6% TIP, 2.5% Nov SPY 430 put, -2.0% Nov SPY 425 put, 70.8% Cash
9th Oct 23	7.3% GLD, 4.2% LMT, 16.9% TIP, 2.4% Nov SPY 430 put, -1.9% Nov SPY 425 put, 71.1% Cash
25th Oct 23	7.7% GLD, 4.6% LMT, 16.8% TIP, 0.7% Dec SPY 400 put, -0.5% Dec SPY 390 put, 70.7% Cash
6th Nov 23	11.4% TIP, 0.2% Dec SPY 400 put, -0.1% Dec SPY 390 put, 88.5% Cash
13th Nov 23	11.4% TIP, 0.1% Dec SPY 400 put, -0.1% Dec SPY 390 put, 3.5% BYDDY, 2.5% USO, 82.6% Cash
20th Nov 23	11.5% TIP, 0.0% Dec SPY 400 put, -0.0% Dec SPY 390 put, 3.6% BYDDY, 2.5% USO, 2.9% BAC, 0.9% SPXU, 78.7% Cash
27th Nov 23	11.4% TIP, 0.0% Dec SPY 400 put, -0.0% Dec SPY 390 put, 3.4% BYDDY, 2.5% USO, 2.8% BAC, 2.9% JETS, 0.9% SPXU, 76.1% Cash
29th Nov 23	11.4% TIP, 0.0% Dec SPY 400 put, -0.0% Dec SPY 390 put, 3.4% BYDDY, 2.8% BAC, 2.9% JETS, 0.9% SPXU, 78.6% Cash

Bond portfolio

Our bond portfolio is benchmarked to the ETF AGG. Returns below are calculated as for the sector portfolio.

Some methodology is described here and here.

Cumulative performance relative to AGG since inception: -83bps

Discontinued as of 19th Sep 22.