Saturday, January 2, 2021

My Annual Schedule of Investments

2020 has arguablly been the wildest year in the history of the stockmarket. As is the annual tradition, I post my largest positions.

Click here for last years positions.

Company Category Business Duration
European Reliance ( ATH: EUPIC ) Greek small cap Life and Health insurance 6.5 yrs
Kansas City Life ( KCLI ) US small cap Life insurance 6 yrs
Senvest Capital ( TSE: SEC ) Japanese small cap Investment Company 5.5 yrs
IEH Corp ( IEHC ) US microcap Manufacturing 7.5 yrs
Tachibana Eletech ( TSE: 8159 ) Japanese small cap Electronic Distributor 7.5 yrs
Installux SA ( PAR: STAL ) French microcap Manufacturing 7.5 yrs
Riken Keiki ( TSE: 7734 ) Japanese small cap Manufacturing 7.5 yrs
Investors Title Company ( ITIC ) US small cap Title Insurance 6 yrs
Lewis Group ( JSE: LEW ) South African midcap Fumiture Retail 5 yrs
MIND C.T.I.Ltd ( MNDO ) US small cap Billing 0.5 yrs
Philip Morris Int ( PMI ) US large cap Tabacco 20 yrs
Altria ( MO ) US large cap Tobacco and alcohol 0.5 yrs
Karelia Tobacco Company Inc. (ATH:KARE) Greek small cap Tobacco 6 yrs
Combined Motor Holdings (JSE:CMH) South African small cap Car Retail 6 yrs
Seaboard Corp ( SEB ) US midcap Food conglomerate 15 yrs
McRae Industries ( MCRAA ) US microcap Footware 8 yrs
New Century Group HK ( HK: 0234 ) Hong Kong microcap Hotel,cruise line 6 yrs


We all know there was a huge crash in March followed by an amazingly fast rebound. Like almost all investors, I've been busy repositioning my portfolio. What I did this time was like in past corrections, I have opportunisticly added to some formerly small positions and initiated a few new ones.

ITIC was a large position that I regrettably reduced five years ago. Now I have added back sufficiently that my position is the same as back then. The same story goes for PMI, my position now is the same as before. A similar story goes for MO. I closed my position 9 years ago, and my position now is the same as before.

I have also added to EUPIC, SEC, IEHC, KARE.

The only completely new stock that I own is MNDO. This is an incredible dividend payer that I've followed for several years. To get into it, I will have to make a writeup sometime in the future.

The only position that I reduced is SEB.

I still own S&P 500 shorts. In fact I have added to it this year! And this has been the big drag on my portfolio performance. I am down slightly for the year, but the bright side is that my long positions are up by single digits percentage points.

2 comments:

  1. how is withholding tax setup with MNDO? It's headquartered in Israel but trades on the Nasdaq?

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    Replies
    1. It is withheld at 25%, which typically you can then deduct from your tax return.

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