Eric Steiman Profile Picture Individual Investor

Eric Steiman

Trader,Eric Steiman

  • EducationU Mass Amherst; Brandeis University
  • QualificationsMSF
  • Founded2011

Undervalued Opportunities

The Undervalued Opportunities investment strategy is suited for long-term investors that are seeking concentrated exposure to growth investments. It seeks absolute returns that attempt to beat the S&P 500 over the long term.

The strategy usually seeks to buy well-known growth companies with strong, recognizable brands.

I will also short stocks in an effort to profit from potential declines when my research suggests that individual growth stocks are overvalued.

My goal is to do no worse than the S&P 500 during market declines and to outperform it in strong market uptrends.

Risk score

Risk Score 5
5
38.9%

Best 30 days

-28.5%

Worst 30 days

Performance

  • -1.1%
    30 day
  • 12.0%
    90 day
  • 105.6%
    365 day
    May 31, 2011
Monthly vs S&P500
Eric Steiman - Undervalued Opportunities Monthly vs S&P500
94.1% 12 months
  • $20,000 subscription min
  • Margin account required
  • 2% fee

Replicability

100.0%
  • Replicable

Top 5 Holdings View all

95.9%
12.0%
8.8%
8.8%
-8.7%

Portfolio commentary

  1. Facebook’s $19 billion WhatsApp deal pricey but makes sense: Steiman

    20 February 2014

    Undervalued Opportunities portfolio manager Eric Steiman owns Facebook shares.

  2. Still upbeat on stocks despite early 2014 stumble: Steiman 14 January 2014
  3. Gold bears cheer Fed tapering as ETF short bets pay off 19 December 2013
  4. How Eric Steiman is positioning for 2014 after a monster year 6 December 2013
  5. Portfolio manager Steiman on why J.C. Penney is rallying 20 November 2013

show more


Performance detail

  • Manager (net of fees)

Performance

Inception May 31, 2011

as of April 21, 2014 Manager (net of fees) S&P 500
Past 30 days -1.1% 0.4%
Past 90 days 12.0% 2.1%
Past 365 days 105.6% 22.9%
Since Inception (Annualized) 58.7% 14.6%
2014 (YTD) 0.2% 1.9%
2013 140.0% 32.4%
2012 44.8% 16.0%

Risk metrics

Last 365 days

as of April 21, 2014 Manager (net of fees) S&P 500
Best 30 days 35.2% 7.9%
Worst 30 days -14.9% -4.8%
Volatility 25.3% 11.4%
Sharpe Ratio 4.17 2.01
Sortino Ratio 5.33 2.82
Maximum Drawdown -15.7% -5.7%
Value-at-risk (95%, 1 week) -5.9% -2.6%
vs. S&P 500
Information Ratio 3.82
Alpha 50.5%
Beta 1.17
R-Squared 0.28
  • $20,000 subscription min
  • Margin account required
  • 2% fee

Latest transactions View all

Average trades per month 23.4
Executed Symbol Security Replicable Type Price
04/21/14 ZNGA Zynga Inc Yes Sell $4.42
04/21/14 WIX Wix.com Ltd Yes Sell short $21.08
04/16/14 CSLT Castlight Health Inc Yes Sell short $18.01
04/16/14 GRUB GrubHub Inc Yes Sell short $34.76
04/15/14 FUEL Rocket Fuel Inc Yes Buy to cover $36.61
04/15/14 GOGO Gogo Inc Yes Buy to cover $16.38
04/11/14 CSLT Castlight Health Inc Yes Buy to cover $17.74
04/10/14 UA Under Armour Inc Yes Sell $102.30

Important Information

  1. Past performance is no guarantee of future results.
  2. Performance of the portfolio manager's account is calculated by Covestor on a daily time-weighted basis, including cash, dividends and earnings distributions, and broker commissions. Manager returns include trades that fail Covestor's trading rules, do not reflect any Covestor suitability or risk score restrictions and are exclusive of Covestor fees. More
  3. Average subscription returns ("Avg Sub" or "Avg Client") are calculated by Covestor and are composed of the average, daily, time weighted returns of all active subscriptions to the underlying portfolio. These daily average returns are then linked together for the timeframe requested. In addition, these returns include cash, dividends and earnings distributions, brokerage commissions, Covestor advisory fees, and reflect individual client suitability and risk score restrictions. More
  4. All graph data is as of the end of day for the referenced period, unless otherwise specified. The subscription minimum is the minimum subscription required to follow a particular portfolio. The minimum amount is determined by Covestor, based on the characteristics of the underlying portfolio. It should not be considered as specific investment advice for your investment situation.
  5. The performance charts are provided for informational purposes only, and should not be used as the basis for making an investment decision. Variables such as corporate actions or foreign exchange may affect daily performance displays. We rely on mathematical formulas, computer programs, and pricing information from third-party vendors to provide these returns. Neither Covestor nor any of its data or content providers shall be liable for any errors in this information or any actions taken by you in reliance upon this information.
  6. Benchmark returns have been calculated by Covestor using a time-weighted calculation of daily index valuations. Benchmarks presented are total return and therefore inclusive of cash, dividends and earnings distributions but not transaction costs. More
  7. Leverage indicates the level of margin utilized and is calculated by dividing gross exposure by portfolio net liquidation value.
  8. All Portfolio Manager information including personal data, profiles, strategies, monthly investment reports, and historical results outside of Covestor has been provided by the Portfolio Manager. Covestor makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of Covestor. Transaction history is available upon request. Portfolio classifications (Approach, Asset Class) are provided by Covestor, and are intended to serve as a general guide.
  9. These securities are currently held in the portfolio manager's brokerage account. Holdings in the "Replicable Holdings" table currently pass Covestor's trading rules, subject to individual client constraints. Eligibility for replication may change over time. Actual client subscription holdings may vary.
  10. These transactions were executed in the portfolio manager's brokerage account. Those marked as "Replicable Transactions" passed Covestor's trading rules and were eligible for replication at the time of execution, subject to individual client constraints. Eligibility for replication may change over time. Actual client subscription trade activity may vary.
  11. S&P 500 Index is an unmanaged index compiled by Standard & Poor´s Corp. Index returns do not reflect any management fees, transaction costs or expenses. Individuals cannot invest directly in an Index. S&P 500 index data: S&P/Dow Jones Indices LLC, a subsidiary of The McGraw-Hill Companies Copyright © 2014.