By: Manisha Sethi May. 31, 2018
Bach Investment Advisors Ltd SEC 13F filings on April 11, 2018 shows an increase in portfolio value by 21.76% to $178.718 million compared to the previous quarter. The investor reported a total of 65 holdings this quarter consisting of 4 new stocks. Bach Investment Advisors Ltd is based in Grand Cayman. It was founded by Jeremy Bach & the portfolio is well diversified across various sectors with a mix of stocks and ETFs. The top 10 holdings form 74.38% of the investor’s portfolio.
According to the Raltin, around 62.13% or 40 new stock buys of Bach Investment Advisors outperform the S&P 500, whereas only 37.87% or 25 new stock buys 5 (between Q1 2014 & Q1 2018) underperform the S&P 500. Raltin’s detailed methodology for calculating the S&P 500 outperformance is given here. The below table shows the total number of new stock purchases and the various S&P outperformance categories.
|S&P Outperformance Category||Number of New Stock Purchases||% of total new purchases|
|10% to 20%||7||10.61|
|0 to 10%||9||13.64|
|-10% to 0||13||19.7|
|-20% to -10%||8||12.12|
Bach Investment Advisors Ltd, bought 4 new stocks this quarter including 2 ETFs. The following table mentions the number of shares of the new buys along with their holding value. The firm invested $1,047,000 to buy the ETFs.
|Stocks||Number of shares||Holding value ($1000)|
|Biogen Inc. (BIIB)||1,180||323|
|AT&T Inc. (T)||6,253||223|
|Ishares 20+ year Treasury Bond ETF (TLT)||3,825||466|
|Barclays BK PLC / Ipath S&P 500 VIX (VXX)||12,290||581|
The following table shows the portfolio value of the investor for the last 5 quarters starting from 2017 Q1 with the top 3 holdings in each period outperforming the S&P 500 IRR by at least 20%. Several new picks by the fund like Alibaba group, PNC financial services, Valero energy corp have been extremely successful.
|Period||Total Portfolio Value (in $Mn)||Top Holdings (Ticker, % IRR difference from S&P 500)|
|Q4 2016||220.853||Alibaba Group Holding Limited (BABA, 77.29), Tesla Motors, Inc. (TSLA, 26.41), Monster Beverage Corporation New (MNST, 23.43)|
|Q3 2016||215.185||Valero Energy Corp. (VLO, 29.1), Price (T.) Rowe Group, Inc. (TROW, 20.24),|
|Q2 2016||247.077||PNC Financial Services Group, Inc. (The) (PNC, 37.99), Apple, Inc. (AAPL, 35.22), Carnival Corp. (CCL, 32.92)|
|Q1 2016||166.821||Bank of America Corp. (BAC, 59.78), Morgan Stanley (MS, 56.59), Amazon.com, Inc. (AMZN, 34.64)|