LakeView Asset Mgmt Profile Picture Investment Adviser

Lakeview

LakeView Asset Mgmt

  • Founded 2002

Restaurant and Food Chain

The LakeView Restaurant and Food Chain Portfolio seeks to produce alpha positive returns which are non-correlated to the S&P 500 by positioning stocks and exchange traded funds on a tactical and strategic basis for both opportunistic trades and longer term investment along a broad spectrum of industries which are vital to the farming, preparation, production, delivery, sale, marketing and consumption of food, beverages and agricultural products.
Investment selection prioritizes fundamental growth opportunities across a wide range of market capitalizations within the industries which are specific to the farming, preparation, production, delivery, sale, marketing and consumption of food, beverages and agricultural products. Dividend income is also factored into the investment selection process. Stocks are chosen based on a total return criteria and are constantly measured against that criteria. Attention is focused both on domestic companies and foreign companies that are listed as American Depository Receipts.
LakeView Asset Management, LLC employs a traditional bottoms-up fundamental approach to investment research. This approach includes but is not limited to: analysis of financial reports, records and data; participation in or observation of earnings conference calls; site visits; economic and commodity research; statistical analysis; and, consumer behavior.
A total of 15 to 30 positions are typically held in the portfolio. No individual stock holding may exceed 12.5% of the portfolio. When a stock exceeds that weighting, the position is reduced. We are not afraid to hold cash until a new opportunity presents itself.
Stock will be sold under several scenarios: it has hit our price target and that price target has not been adjusted upward; when we desire to raise cash for new opportunities; or, when the fundamental metrics of the company change and our investment thesis is no longer valid. We use mental soft stops rather than hard stop levels to avoid fast markets or excessive intraday volatility.
At times, exchange traded funds of the S&P 500 or other broad based indexes may be held to maintain exposure to the market.

Risk score

4
9.3%

Best 30 days

-10.5%

Worst 30 days

Performance

  • 6.0%
    30 day
  • 15.1%
    90 day
  • 24.6%
    365 day
Monthly vs S&P500
lakeview asset management - restaurant and food chain
-2.2% 12 months
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  • 2% fee

Replicability

94.7%
5.3%
  • Replicable
  • Non-replicable

Top 5 Holdings View all

9.1%
7.5%
7.4%
6.0%
5.9%

Model commentary

  1. Covestor manager Rothbort talks restaurant stocks on Bloomberg TV

    30 September 2012

    There's only one type he's particularly interested in.

  2. Looking for tasty, nutritious stocks 19 June 2012
  3. The Need to Feed: LakeView's new Restaurants & Food Chain model 14 May 2012

show more


Performance detail

  • Manager
  • S&P 500 Consumer Discretionary
  • S&P 500
30D 90D 365D SI

Performance

Inception November 17, 2011
as of May 23, 2013 Manager S&P 500 Consumer Discretionary S&P 500 Average Subscriber
Past 30 days 6.0% 5.3% 4.5% -
Past 90 days 15.1% 13.3% 8.9% -
Past 365 days 24.6% 32.3% 25.1% -
Since Inception (Annualized) 20.8% 31.0% 22.3% -
2013 (YTD) 20.3% 19.9% 15.7% -
2012 7.0% 21.9% 13.4% -

Risk Metrics

Last 365 days
as of May 23, 2013 Manager S&P 500 Consumer Discretionary S&P 500
Best 30 days 9.3% 9.4% 8.2%
Worst 30 days -10.5% -4.8% -7.0%
Volatility 13.9% 13.7% 12.7%
Sharpe Ratio 1.76 2.35 1.97
Sortino Ratio 2.77 3.61 2.85
Maximum Drawdown -10.6% -5.9% -7.7%
Value-at-risk (95%, 1 week) -3.2% -3.2% -2.9%
vs. S&P 500 Consumer Discretionary vs. S&P 500
Information Ratio -1.01 -0.07
Alpha -2.0% 1.5%
Beta 0.86 0.92
R-Squared 0.72 0.71
LakeView Asset Mgmt's other strategies
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  • 2% fee

Latest transactions view all

Average trades per month 7.9
Executed Symbol Security Replicable Type Price
05/21/13 RCL ROYAL CARIBBEAN CRUISES LTD Yes Buy $36.94
05/16/13 DENN DENNY'S CORPORATION Yes Buy $5.90
05/14/13 CHUY CHUY'S HOLDINGS INC Yes Sell $32.08
05/10/13 PKG PACKAGING CORP OF AMERICA Yes Sell $48.99
05/07/13 BLMN BLOOMIN' BRANDS INC Yes Buy $22.35
05/07/13 TFM FRESH MARKET INC/THE Yes Sell $42.75
05/02/13 CMG CHIPOTLE MEXICAN GRILL INC Yes Sell $369.01
05/02/13 SNAK INVENTURE FOODS INC Yes Buy $6.98


Important Information

1. Past performance is no guarantee of future results.

2. Performance of the model 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 model. 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 model. The minimum amount is determined by Covestor, based on the characteristics of the underlying model. 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 and do not include cash, dividends and earnings distributions, or 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 Model Manager information including personal data, profiles, strategies, monthly investment reports, and historical results outside of Covestor has been provided by the Model 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. Model classifications (Approach, Asset Class) are provided by Covestor, and are intended to serve as a general guide.

9. Top Replicable Holdings: These securities are currently held in the model manager's brokerage account. Those marked as "Replicable Holdings" 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. Latest Transactions: These transactions were executed in the model manager's brokerage account. Those 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 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 © 2013.


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