2013 Stock Recap: The Departed

This year's "Departed" post is fairly short, meaning I am generally pleased with my portfolio as it is presently composed.

My portfolio's return (+34.7%; my 3rd best year since I started this investing thing in 2000) topped the S&P 500's total return (+31.9%). You take that 2.8% surplus and run with it, folks.

It's been 3 years since stating so and 13 years overall, but I think I'm closer than I've ever been to having the portfolio that I've always wanted: an overwhelming collection of awesome stocks, devoid of crappy stocks. But this is not a "MISSION ACCOMPLISHED" banner-worthy moment. Every month, I have to do the work to ensure that I keep this good thing going. Let's hope I can.

Here's a look at all the stocks I've sold in the past year, from best to worst - based solely on 2013's performance, while mostly ignoring any intra-year volatility:

White River Capital (RVR)
Year-opening price: $21.25
Sold: Mar @ $22.03 (4%)
Bought out by private equity firm Parthenon Capital Partners.

BreitBurn Energy Partners (BBEP)
Year-opening price: $18.47
Sold: Jul @ $15.94 (-14%)
Year-closing price: $20.34 (10%)
Ditched the worst of my natural gas stocks. If you bought when I sold, congrats.

Annaly Capital Management (NLY)
Year-opening price: $14.04
Sold: Jul @ $11.30 (-20%)
Year-closing price: $9.97 (-29%)
My failed REIT's, part one. (This one's failed twice.)

American Capital Agency (AGNC)
Year-opening price: $28.90
Sold: Jul @ $20.37 (-30%)
Year-closing price: $19.29 (-33%)
My failed REIT's, part two.

Stocks Of The Month: NKE, UA

A couple of consumables to close out the calendar :)


Nike (NKE)

Positives:
+$4.2B cash minus debt.
Massive operating free cash flow ($3.1B).
Dividend increased for 25 consecutive years, currently yielding 1.2%.

Negatives:
Somewhat expensive forward P/E of 22.
Mild profit and operating margins (10% and 14% respectively).
Low insider ownership (0.24%).


Under Armour (UA)

Positives:
Solid revenue growth (26%) and earnings growth (27%).
Undervalued market cap ($9B) vs. competitors Adidas ($18B) and Nike ($70B).

Negatives:
Mediocre profit margin (7%), operating margin (12%), ROA (13%) and ROE (17%).
Only $186M cash vs. $54M debt.


Here's my current portfolio (growth, dividend, and speculative). As always, I believe in all of these stocks - until I sell them.

Apple (AAPL) 10.01%
Google (GOOG) 7.85%
Tesla Motors (TSLA) 7.55%
Baidu (BIDU) 7.24%
Amazon (AMZN) 4.68%
3D Systems (DDD) 3.63%
Ace Limited (ACE) 3.50%
Southern Copper (SCCO) 3.07%
Qihoo 360 (QIHU) 3.00%
Blackstone (BX) 2.70%
Under Armour (UA) 2.67%
Stratasys (SSYS) 2.54%
Intuitive Surgical (ISRG) 2.44%
American Software (AMSWA) 2.27%
Nike (NKE) 2.23%
Twitter (TWTR) 2.09%
Vodafone (VOD) 1.80%
Apache (APA) 1.56%
Kinder Morgan Energy Partners (KMP) 1.54%
DuPont (DD) 1.53%
Las Vegas Sands (LVS) 1.48%
McDonald's (MCD) 1.46%
Wynn Resorts (WYNN) 1.46%
Prospect Capital (PSEC) 1.45%
Intel (INTC) 1.44%
American Express (AXP) 1.23%
Starbucks (SBUX) 1.18%
Ansys (ANSS) 1.18%
ConocoPhillips (COP) 1.13%
Computer Programs and Systems (CPSI) 1.08%
Hershey (HSY) 1.08%
Wells Fargo (WFC) 1.03%
Microsoft (MSFT) 1.01%
Canadian National Railway (CNI) 0.99%
BlackRock (BLK) 0.96%
Coca-Cola (KO) 0.96%
Cisco (CSCO) 0.92%
China Mobile (CHL) 0.91%
Salesforce.com (CRM) 0.86%
International Business Machines (IBM) 0.85%
F5 Networks (FFIV) 0.82%
Whole Foods Market (WFM) 0.81%
The Distressed (BEBE, GSOL, LZB, MSI, TMUS) 0.79%
ExOne (XONE) 0.75%

Stock Of The Month: TWTR

$TWTR for the rich/institutional:+72.7% TWTR for the poor/retail (e.g. me): -0.4% Just another reminder, the house always wins :(
— Joseph Rupp (@JosephJRupp) November 8, 2013

...but whatever. I got my $TWTR. Tweet on, tweeps.
— Joseph Rupp (@JosephJRupp) November 8, 2013

Here's my current portfolio (growth, dividend, and speculative). As always, I believe in all of these stocks - until I sell them.

Apple (AAPL) 9.82%
Tesla Motors (TSLA) 8.04%
Google (GOOG) 7.90%
Baidu (BIDU) 6.42%
Amazon (AMZN) 4.49%
Ace Limited (ACE) 3.65%
Southern Copper (SCCO) 3.56%
3D Systems (DDD) 3.31%
Qihoo 360 (QIHU) 3.06%
Stratasys (SSYS) 2.68%
Intuitive Surgical (ISRG) 2.65%
Blackstone (BX) 2.62%
American Software (AMSWA) 2.23%
Vodafone (VOD) 1.87%
Under Armour (UA) 1.86%
Apache (APA) 1.70%
Kinder Morgan Energy Partners (KMP) 1.69%
DuPont (DD) 1.64%
McDonald's (MCD) 1.61%
Prospect Capital (PSEC) 1.56%
Intel (INTC) 1.51%
Nike (NKE) 1.45%
Las Vegas Sands (LVS) 1.43%
Wynn Resorts (WYNN) 1.39%
Starbucks (SBUX) 1.31%
American Express (AXP) 1.27%
ConocoPhillips (COP) 1.26%
Ansys (ANSS) 1.25%
Hershey (HSY) 1.18%
Computer Programs and Systems (CPSI) 1.14%
Cisco (CSCO) 1.09%
Microsoft (MSFT) 1.08%
Canadian National Railway (CNI) 1.07%
Wells Fargo (WFC) 1.05%
Coca-Cola (KO) 1.04%
BlackRock (BLK) 1.03%
Twitter (TWTR) 0.98%
China Mobile (CHL) 0.95%
Salesforce.com (CRM) 0.95%
International Business Machines (IBM) 0.94%
Whole Foods Market (WFM) 0.90%
F5 Networks (FFIV) 0.84%
ExOne (XONE) 0.81%
The Distressed (BEBE, GSOL, LZB, MSI, TMUS) 0.78%