Before 9:30 am EST on 8 Jan 2018, in this thread, pick up to three stocks to go long and up to three to short. Equal dollar amounts are placed on each position, long or short.
Opening prices will be based on Jan 8th close.
No trades during the year, except that you can elect at any time during normal exchange business hours to "freeze" a price for any individual position at that day's closing price, i.e. liquidate any position. (Each position carries this option; you can choose to freeze different positions on different days.) Other than that, you're stuck with what you choose for the year.
If a stock is taken out in a merger or a bankruptcy during 2018, I will do my best to do the right thing. An all cash offer will result in a freeze at the takeout price. An all stock offer will result in the conversion of the position to the acquiring company's shares. Mixed cash and stock offers, you'll just have to trust me to saw things off fairly.
The universe from which to choose is the Russell 3000 http://www.ftserussell.com/files/suppor ... rship-list. If you pick shares not on this list and it's not caught and corrected before the deadline, your portfolio will be disqualified.
After a decisively average year in 2017 (finishing smack in the middle: 32nd out of 64 funds), the Snobby Hipster Fund series has decided to rebrand itself as it can no longer justify such an ostentatious sounding name.
Therefore, in 2018, we are proud to present the Hornet Capital Pairs Trading Fund
The Middle Branch Multiflora Rose Capital Thorn Fund shall continue operations into 2018, after a narrow majority of the Board Of Directors voted to retain the name, even as they parted ways with the fund managers who showed such startling malpractice in selecting their 2017 short positions.
Our Long-Only portfolio:
UTX - United Technologies
GD - General Dynamics
WFC - Wells Fargo Corp
"I've been ionized, but I'm okay now." -Buckaroo Banzai
I appreciate the sentiment with your short RIOT pick, but neither RIOT nor BIOP, their precursor ticker before their name change, are listed as Russell 3000 members and so are not eligible for the contest. Feel free to edit your picks, post a replacement short or just remove RIOT before the final Monday deadline.
More generally, It's worth double checking your picks against the link in OP since even big companies are sometimes foreign based or aren't eligible for the indexes for some reason even if you think they "ought" to be.
BackOfTheNet wrote: ↑Tue Jan 02, 2018 9:31 am
Again, I meant to get this up earlier, but this is the thread for the 2018 hedge fund contest. You can find the previous year's contest (2017) here:
Before 9:30 am EST on 8 Jan 2018, in this thread, pick up to three stocks to go long and up to three to short. Equal dollar amounts are placed on each position, long or short.
Opening prices will be based on Jan 8th close.
No trades during the year, except that you can elect at any time during normal exchange business hours to "freeze" a price for any individual position at that day's closing price, i.e. liquidate any position. (Each position carries this option; you can choose to freeze different positions on different days.) Other than that, you're stuck with what you choose for the year.
If a stock is taken out in a merger or a bankruptcy during 2018, I will do my best to do the right thing. An all cash offer will result in a freeze at the takeout price. An all stock offer will result in the conversion of the position to the acquiring company's shares. Mixed cash and stock offers, you'll just have to trust me to saw things off fairly.
The universe from which to choose is the Russell 3000 http://www.ftserussell.com/files/suppor ... ssell-3000. If you pick shares not on this list and it's not caught and corrected before the deadline, your portfolio will be disqualified.
Dividends will not be counted.
Like last year, Tanelorn will be providing fixes and commentary as the year goes on.
If I am not mistaken this Russell 3000 list is the one from the end of 2016 -- a number of stocks on this list do not exist??
Are we to choose from this older list and verify or can we choose from the current Russell 3000?
Dave
Last edited by FinancialDave on Tue Jan 02, 2018 11:25 pm, edited 1 time in total.
I love simulated data. It turns the impossible into the possible!
BackOfTheNet wrote: ↑Tue Jan 02, 2018 9:31 am
Again, I meant to get this up earlier, but this is the thread for the 2018 hedge fund contest. You can find the previous year's contest (2017) here:
Before 9:30 am EST on 8 Jan 2018, in this thread, pick up to three stocks to go long and up to three to short. Equal dollar amounts are placed on each position, long or short.
Opening prices will be based on Jan 8th close.
No trades during the year, except that you can elect at any time during normal exchange business hours to "freeze" a price for any individual position at that day's closing price, i.e. liquidate any position. (Each position carries this option; you can choose to freeze different positions on different days.) Other than that, you're stuck with what you choose for the year.
If a stock is taken out in a merger or a bankruptcy during 2018, I will do my best to do the right thing. An all cash offer will result in a freeze at the takeout price. An all stock offer will result in the conversion of the position to the acquiring company's shares. Mixed cash and stock offers, you'll just have to trust me to saw things off fairly.
The universe from which to choose is the Russell 3000 http://www.ftserussell.com/files/suppor ... ssell-3000. If you pick shares not on this list and it's not caught and corrected before the deadline, your portfolio will be disqualified.
Dividends will not be counted.
Like last year, Tanelorn will be providing fixes and commentary as the year goes on.
If I am not mistaken this Russell 3000 list is the one from the end of 2016 -- a number of stocks on this list do not exist??
Are we to choose from this older list and verify or can we choose from the current Russell 3000?
Is the Vanguard russell 3000 index VTHR a valid source of stocks?
Dave
I love simulated data. It turns the impossible into the possible!
I'm doing some research on additional positions before the deadline of the 7th/8th. I have not been doing well the last few years w/my equity speculation.
Last edited by aspirit on Sun Jan 07, 2018 7:35 pm, edited 3 times in total.
Time & tides wait for no one. A man has to know his limitations. |
"Give me control of a nation's money and I care not who makes it's laws" |
— Mayer Amschel Bauer Rothschild ~
FinancialDave wrote: ↑Tue Jan 02, 2018 11:27 pm
Is the Vanguard russell 3000 index VTHR a valid source of stocks?
Vanguard's fund seeks to match the composition and returns of Russell 3000, but does not guarantee an exact match. The link given in the rules is directly to FTSE Russell, which maintains the official Russell 3000 index.
However, the OP did accidentally link to the 2016 list because FTSE Russell changed their naming scheme for the files on the website. They used to just update the given link with each year's list, but it appears that the link for the 2017 list is actually https://www.ftserussell.com/files/suppo ... rship-list
The Play It Again, Sam Fund
My portfolio manager prefers product research, enjoys driving his Teslas and listening to music on Alexa (I think she is his secret AI girlfriend) and drinking craft beer from Whole Foods and browsing internet on Google platform. So with an almost 37 percent return last year hard for me to tell him not to try a repeat performance. He especially thanks all the shorts in Tesla which helped make his investors happy to pay the ridiculous 2 and 20 last year. But I did my own market research by going to a Sears mall store and realizing I could roll a bowling ball down aisle without hitting anyone other than occasional salesperson.
Long:
Tesla
Amazon
Alphabet
Short:
Sears Holding
Long:
- Amazon (AMZN)
- Apple (AAPL)
- Netflix (NFLX)
Short:
- Tesla (TSLA)
- Snap On Inc (SNA)
- Twitter (TWTR)
Edited: had to remove Snapchat (SNAP) because it is not on the Russell 3000. Doh! I have substituted it for the closest ticker symbol I could find, SNA (Snap On Inc), because that seems as good a reason as any to short a stock.
Last edited by randomizer on Wed Jan 03, 2018 7:55 pm, edited 1 time in total.
Alas, the "Rogue Won" fund ended 2017 without achieving a final definitive victory and, as a result, will find itself meeting a cruel end...
This year's entry however is intended to bring new life--and a smattering of robo-investing--to investors looking for a brighter future. Trade Blunder 20/49 will provide superior portfolio results through real-time replications of the markets and synthesize only the best results for use in our active trading process. Because of the high cost of this (obviously!) superior investing paradigm, Trade Blunder will retain 20% of profits and 49% of assets under management.
LONG: DECK, K, RCL
SHORT: RGEN, TYL, BBY
LOSER of the Boglehead Contest 2015 |
lang may yer lum reek
BackOfTheNet wrote: ↑Tue Jan 02, 2018 9:31 am
...
6. The universe from which to choose is the Russell 3000 http://www.ftserussell.com/files/suppor ... ssell-3000. If you pick shares not on this list and it's not caught and corrected before the deadline, your portfolio will be disqualified.
Please double-check. The file I downloaded is for 2016, as it was named: ru3000_membershiplist_20160627.pdf (2016-06-27)
Near the bottom of the page, under "Recon resources and materials" --> Click on "2017 Index membership lists (PDFs)", then Russell 3000 which will download as ru3000_membershiplist_20170626.pdf (2017-06-26)
I think you want the 2017 list.
Update: I missed mudpuppy's earlier post which had already flagged the 2016 membership list.
To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.
I appreciate the sentiment with your short RIOT pick, but neither RIOT nor BIOP, their precursor ticker before their name change, are listed as Russell 3000 members and so are not eligible for the contest. Feel free to edit your picks, post a replacement short or just remove RIOT before the final Monday deadline.
More generally, It's worth double checking your picks against the link in OP since even big companies are sometimes foreign based or aren't eligible for the indexes for some reason even if you think they "ought" to be.