Ironwood Investment Management Profile Picture Investment Adviser

Ironwood Investment Management

Ironwood Investment Management

  • Founded1997

Smidcap Value

The Ironwood SMID Cap Value Strategy seeks to own stocks of companies undergoing significant transitions that offer substantial appreciation potential. It is a long-only, low-turnover strategy that seeks to outperform the S&P 500 with a low correlation to that index over a full market cycle.

Risk score

Risk Score 4
4
10.3%

Best 30 days

-5.5%

Worst 30 days

Performance

  • -0.3%
    30 day
  • 9.2%
    90 day
  • 25.9%
    S.I.
    September 05, 2013
Monthly vs S&P500
Ironwood Investment Management - Smidcap Value Monthly vs S&P500
3.6% S.I.
  • $20,000 investment min
  • Margin account required
  • 1.25% fee

Replicability

100.0%
  • Replicable

Top 5 Holdings View all

5.4%
4.8%
4.6%
4.1%
4.0%

Portfolio commentary

  1. Why we cut loose Hillshire Brands

    30 June 2014

    Hillshire hit our target price after Pilgrim’s Pride offer.

  2. This isn't your parents' bull market 13 June 2014
  3. Why we sold our long-time holding Comverse 20 May 2014
  4. Staying above the market noise with a long-term focus 6 May 2014
  5. Kodak’s new strategy comes into sharper focus 24 April 2014

show more


Performance detail

Pre-Covestor performance history

  • Manager (net of fees)
  • Russell 2500 Value

Performance

Covestor inception September 05, 2013

as of July 24, 2014 Manager (net of fees) Russell 2500 Value S&P 500
Past 30 days -0.3% -0.2% 2.1%
Past 90 days 9.2% 4.2% 7.2%
Since Covestor inception 25.9% 19.9% 22.3%
2014 (YTD) 10.4% 6.0% 8.8%

Risk metrics

Since Covestor inception

as of July 24, 2014 Manager (net of fees) Russell 2500 Value S&P 500
Best 30 days 10.3% 9.1% 7.9%
Worst 30 days -5.5% -4.7% -4.8%
Volatility 12.9% 11.8% 10.3%
Sharpe Ratio 2.27 1.91 2.44
Sortino Ratio 3.26 2.74 3.40
Maximum Drawdown -6.5% -6.3% -5.7%
Value-at-risk (95%, 1 week) -3.0% -2.7% -2.4%
vs. Russell 2500 Value vs. S&P 500
Information Ratio 1.25 0.61
Alpha 5.8% 2.0%
Beta 1.00 1.07
R-Squared 0.82 0.73
  • $20,000 investment min
  • Margin account required
  • 1.25% fee

Latest transactions View all

Average trades per month 3.7
Executed Symbol Security Replicable Type Price
07/21/14 CCMP Cabot Microelectronics Corp Yes Buy $43.75
07/15/14 ROC Rockwood Holdings Inc Yes Sell $83.79
06/27/14 KBR KBR Inc Yes Buy $23.47
06/23/14 MU Micron Technology Inc Yes Sell $32.10
06/03/14 CVEO Civeo Corp Yes Buy $23.05
06/03/14 TKR Timken Co/The Yes Sell $64.87
05/29/14 TGI Triumph Group Inc Yes Buy $68.67
05/27/14 HSH Hillshire Brands Co/The Yes Sell $44.96

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 and positions that fail Covestor's trading rules, as a result, actual client returns will differ. Covestor advisory fees are simulated and applied retro-actively to present the portfolio return "net-of-fees".
  3. Average client returns are calculated by Covestor and are composed of the average, time-weighted returns of all active client investments (some of which may contain investment restrictions) to the underlying portfolio. These daily average returns are then linked together for the timeframe presented. These returns include cash, dividends, earnings distributions, brokerage commissions and Covestor advisory fees.
  4. All graph data is as of the end of day for the referenced period, unless otherwise specified. The investment minimum is the minimum investment 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 are provided by Covestor, and are intended to serve as a general guide.
  9. Transactions that are marked as "Replicable" 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 investment trade activity may vary.
  10. Index returns do not reflect any management fees, transaction costs or expenses. Individuals cannot invest directly in an Index.
  11. This portfolio was launched on Covestor on September 05, 2013. Trading history prior to launch was reviewed and deemed consistent with current portfolio strategy. This data is included in the main performance chart (displayed as dotted line) but not in the performance metrics below. This data has not been audited by an independent firm.