As twittered previously, we sold our entire position in Patni Computer Systems Limited (PTI) at a loss of close to 8%. The Indian stock market had a great run and Patni stock outperformed the index by rising almost 300%. With this transaction, our cash position has increased to 14%.
Another development in the last month is Harvest Energy (HTE) selling out to Korea’s KNOC. The transaction is expected to close in December and that will result in the realization of around 55% loss on our holdings in Harvest Energy. Over the years, we have held several Canadian Royalty Trusts and our performance overall has been mixed – the investments provided significant monthly dividend income but these were largely offset by capital losses.
Below is our updated portfolio – it is about 6% in the red:
| Stock | Buy Date | Buy Price | Current Price | Current % Of Portfolio | Unrealized % Return | Yield as % of Portfolio Value |
| Altria (MO) | Various | 16.69 | 19.34 | 2.99 | 15.91 | 0.38 |
| Philip Morris International (PM) | 1/4/2005 | 32.19 | 50.64 | 6.06 | 57.30 | 0.45 |
| Kraft Foods (KFT) | Various | 24.03 | 27.63 | 2.85 | 14.96 | 0.23 |
| Pfizer (PFE) | Various | 24.37 | 17.94 | 4.62 | (26.38) | 0.30 |
| ICICI Bank (IBN) | 5/18/2006 and 08/01/2008 | 25.28 | 39.78 | 10.25 | 57.38 | 0.30 |
| Advantage Energy Fund (AAV) | 11/2/2006 | 11.22 | 6.30 | 1.62 | (43.87) | 0.17 |
| Central Europe & Russia Fund (CEE) | Various | 39.23 | 35.16 | 6.34 | (10.36) | 0.03 |
| Itron Inc. (ITRI) | 11/07/2007 | 85.01 | 63.91 | 3.29 | (24.91) | None |
| Anthracite (AHR) | 11/09/2007 | 7.97 | 0.38 | 0.10 | (95.23) | 0.00 |
| Harvest Energy (HTE) | 11/28/2007 | 21.01 | 9.41 | 1.94 | (55.22) | 0.22 |
| iRobot (IRBT) | 12/18/2007 | 18.65 | 14.10 | 2.91 | (23.75) | None |
| LDK Solar (LDK) | 01/22/2008 | 30.49 | 6.98 | 1.08 | (77.11) | None |
| Aegon N.V. (AEG) | 04/28/2008 | 15.99 | 7.73 | 1.20 | (51.65) | 0.00 |
| TD Ameritrade (AMTD) – Call Value | 05/21/2008 | 17.68 | 17.50 | 3.61 | (1.04) | None |
| Costco (COST) Call Value | 08/01/2008 | 62.28 | 60 | 3.09 | (3.66) | 0.07 |
| Frontline Limited (FRO) | 10/06/2008 | 36.95 | 27.62 | 2.14 | (25.24) | 0.17 |
| DryShips Incorporated (DRYS) | 02/09/2009 | 6.96 | 7.01 | 2.53 | (0.66) | 0.00 |
| Plum Creek Timber (PCL) | 07/23/2009 | 30.50 | 34.61 | 7.13 | 13.48 | 0.46 |
| CPFL Energia S.A. (CPL) | 07/28/2009 | 50.45 | 58.22 | 6.00 | 15.40 | 0.55 |
| BP plc (BP) | 08/05/2009 | 51.49 | 59.26 | 6.11 | 15.09 | 0.45 |
| AT&T (T) | 08/27/2009 | 26.38 | 26.29 | 5.42 | (0.36) | 0.39 |
| Sysco Corporation (SYY) | 10/13/2009 | 25.23 | 27.35 | 5.64 | 8.38 | 0.39 |
| Cash | 13.93 | |||||
| Total Portfolio | (6.09) | 3.81 |
- For Altria and Philip Morris International, assumed spin-off ratio of 30.83:69.17. Altria is yet to supply the cost-basis info
- For Ameritrade (AMTD), we wrote Jan 10, 17.5 Covered Calls on them at $2.80 on 9/10/2009. Since the current price is above exercise price, exercise price is above.
- For Costco (COST), we wrote Jan 10, 60 Covered Calls on them at $2.90 on 9/21/2009
- For ICICI Bank (IBN), we wrote March 10, 40 Covered Calls on them at $5.90 on 10/06/2009 against 40% of our shares
Below is a summary of transactions during the year:
| Stock | Buy Date | Buy Price | Sell Date | Sell Price | % Gain (Loss) | % Portfolio Return* |
| DryShips (DRYS) | Various | 11.66 | 01/29/2009 | 8.96 | (23.29) | (1.39) |
| DryShips Feb 15 Calls (OOCBC) | 01/29/2009 | 0.20 | 01/16/2009 | 2.50 | 922 | 0.58 |
| Companhia Siderugica Nacional (SID) | Various | 11.03 | 01/29/2009 | 16.01 | 44.86 | 1.73 |
| Taiwan Semi Feb 7.5 Calls (TSMBU) | Expired | NA | 01/09/2009 | 0.90 | NA | 0.77 |
| Taiwan Semi (TSM) | 7/27/2006 | 8.70 | 03/03/2009 | 7.76 | NA | (0.78) |
| Direxion Financial Bull 3X Shares (FAS) | 03/16/2009 | 5.09 | 03/19/2009 | 6.53 | 28.31 | 1.26 |
| Direxion Financial Bull 3X Shares (FAS) | 03/23/2009 | 5.94 | 03/23/2009 | 6.22 | 4.63 | 0.19 |
| Direxion Financial Bull 3X Shares (FAS) | 03/24/2009 | 6.45 | 03/24/2009 | 7.12 | 10.30 | 0.44 |
| Direxion Financial Bear 3X Shares (FAZ) | 03/26/2009 | 19.67 | 03/27/2009 | 19.91 | 1.22 | 0.05 |
| Direxion Financial Bull 3X Shares (FAS) | 03/30/2009 | 5.49 | 03/31/2009 | 5.20 | (5.35) | (0.23) |
| Direxion Financial Bear 3X Shares (FAZ) | 04/09/2009 | 10.47 | 04/13/2009 | 11.03 | 5.40 | 0.22 |
| RQCDU – Ericsson April 7.5 Calls | 1/21/2009 | NA | 04/18/2009 | 7.50 | NA | 0.65 |
| Ericsson ADR (ERIC) | 5/5/2008 | 11.83 | 04/18/2009 | 7.48 | (36.80) | (3.04) |
| FASEB – May 10 calls on FAS | 4/27/2009 | 0.58 | 04/22/2009 | 0.90 | NA | 0.14 |
| FASEJ – May 8 calls on FAS | 5/01/2009 | 0.93 | 04/30/2009 | 1.47 | NA | 0.14 |
| Direxion Financial Bull 3X (FAS) | 4/13/2009 | 9.86 | 06/18/2009 | 8.78 | (10.95) | (0.47) |
| FASFI – June 9 calls on FAS | 6/18/2009 | 0.28 | 05/18/2009 | 1.52 | NA | 0.54 |
| Trina Solar (TSL) | Various | 24.90 | 6/20/2009 | 22.50 | (9.65) | (1.05) |
| TSLFX – June 22.5 calls on TSL | 6/20/2009 | 0 | 05/27/2009 | 2.77 | NA | 1.21 |
| CKSW | 11/09/2007 | 4.61 | 07/01/2009 | 6.84 | 48.37 | 1.95 |
| COP | 7/29/2009 | 43.08 | 08/05/2009 | 44.44 | 3.16 | 0.24 |
| PTI | 8/10/2007 | 20.87 | 11/02/2009 | 19.24 | (7.79) | (0.60) |
| Realized Gain/(Loss) YTD | - | - | - | - | - | 2.41 |
- % Gain/Loss Relative to Portfolio Value at Beginning of Year + Deposits
- The table assumes realization of profits associated with selling options only after the option is exercised or expiry.
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