I’m still looking for a way to document my performance to readers, but let me simply say that the broad market portfolio beat the S&P by a few percent. What worked?
- Fresh Del Monte
- Grupo Casa Saba
- Valero Energy
- Helmerich & Payne
- ABN Amro (sold too soon)
- Dorel Industries (wish they hadn’t delisted)
- Lyondell Chemicals
- Dow Chemicals, and
- SPX Corp
You see any commonalities there? Energy, especially refining. Chemicals. Aside from that, I don’t see anything really correlated.
What didn’t work?
- St. Joe
- Barclays plc
- Japan Smaller Capitalization Fund
- Nam Tai Electronics
- Cemex
- Lithia Motors
- Conoco Phillips
- Magna International
- Jones Apparel
- Deerfield Triarc, and
- Allstate (ouch)
Commonalities? Autos, maybe? Away from that, it seems eclectic to me.
In my balanced mandates, my foreign bonds and floating rate securities worked. High quality paid off as volatility rose. Really didn’t have any problems with my bonds.
Now I just have to do as well next quarter. 
Full disclosure: long FDP SAB VLO HP ABN DIIB LYO DOW SPW JOE BCS NTE CX LAD COP MGA JNY DFR ALL
