The AlphaPicks Q1 Portfolio Review

Our Global Asset Portfolio returned 10.47% in Q1. Here is the quarterly review.

At the start of the year, AlphaPicks started a portfolio to later bring to our Substack audience.

The team spends many hours researching and writing articles, along with our respective trade thoughts, and share these with you as the reader. Every Monday, we collate our watchlist and ideas for the week ahead, covering global markets. We don’t just publish these articles and forget about them. We actively follow the ideas we issue.

So, we decided to start a portfolio to highlight the alpha that we return.

This article will examine the buys and sells of our Global Asset Portfolio for Q1 2024 and what we’re currently holding as the new quarter begins. We also share what’s on our radar for the coming months.

The Return

In Q1, the portfolio returned 10.47% on invested capital.

As we hold a mixture of global assets (not just equities), we have tracked our performance against the following benchmark:

• 40% weighting of the MSCI World Index +9.29%

• 30% weighting of the Vanguard Global Bond Index Fund +0.06%

• 20% weighting of the Dow Jones Commodity Index 6.45%

• 10% weighting of the DXY Index +2.24%

The total benchmark performance was +5.09%. The AlphaPicks Portfolio outperformed by +5.38%.

Given that the fund has only been running for three months, there’s little value in sharing other metrics, such as the standard deviation of the portfolio, or ratios, such as Sharpe and Information. However, we’ll start to share these metrics in our Q2 update.

Let’s examine the quarter’s winners and losers and consider the current holdings as Q2 gets underway…

The Losers

We focus on reducing our beta in this portfolio. So, it makes sense to start with our losers, of which there were few.