MCO Investments Profile Picture Individual Investor

MCO Investments

MCO Investments

  • EducationStanford University
  • QualificationsCFA, MS, BS, BA
  • Investment Experience7 years
  • Founded2012

Margin of Safety

As bottom-up, fundamental investor, I focus on businesses I understand that trade at low valuations. If I can’t understand the business, I don’t invest. I identify potential investments by conducting my own research and due diligence on companies that investors appear to have become overly excited or overly pessimistic about. My strategy is to invest in companies that trade at a discount to my estimate of fair value.

Risk score

Risk Score 4

Best 30 days


Worst 30 days


  • 0.2%
    30 day
  • 3.2%
    90 day
  • 5.1%
    365 day
    May 16, 2012
Monthly vs S&P500
MCO Investments - Margin of Safety Monthly vs S&P500
-10.6% 12 months

Portfolio currently closed to new investors. Let me know if space becomes available.

  • $10,000 investment min
  • Margin account required
  • 0.5% fee


  • Communications
  • Industrial
  • Technology
  • Financial
  • Consumer, Cyclical

Top 5 securities View all


Portfolio commentary

  1. Holding 10% in cash and looking for bargains

    6 October 2013

    Great investment ideas have been hard to come by, but we're looking.

  2. We doubled our cash position for stock correction ahead 7 April 2013
  3. The two huge forces fighting for control of the 2013 economy 2 January 2013
  4. Lean inventories will propel the housing sector forward 21 November 2012
  5. A father and son investing team targeting mispriced stocks 1 November 2012

show more

Performance detail

  • Manager (net of fees)


Covestor inception May 16, 2012

as of May 21, 2015 Manager (net of fees) S&P 500
Past 30 days 0.2% 1.8%
Past 90 days 3.2% 1.5%
Past 365 days 5.1% 15.2%
Since Covestor inception (Annualized) 22.6% 19.6%
2015 (YTD) 2.8% 4.3%
2014 -3.2% 13.7%
2013 80.1% 32.4%

Risk metrics

Last 365 days

as of May 21, 2015 Manager (net of fees) S&P 500
Best 30 days 9.7% 9.7%
Worst 30 days -6.6% -6.7%
Volatility 14.4% 11.7%
Sharpe Ratio 0.35 1.30
Sortino Ratio 0.53 1.87
Maximum Drawdown -9.2% -7.3%
Value-at-risk (95%, 1 week) -3.3% -2.7%
vs. S&P 500
Information Ratio - 0.96
Alpha -6.7%
Beta 0.85
R-Squared 0.48

Portfolio currently closed to new investors. Let me know if space becomes available.

  • $10,000 investment min
  • Margin account required
  • 0.5% fee

Latest transactions View all

Average trades per month 1.8
Executed Symbol Security Replicable Type Price
05/18/15 LMCK Liberty Media Corp Yes Buy $37.61
04/30/15 LBTYK Liberty Global PLC Yes Buy $50.53
04/30/15 LBRDA Liberty Broadband Corp Yes Buy $54.86
04/10/15 AIQ Alliance HealthCare Services Inc Yes Sell $23.95
03/23/15 ERA Era Group Inc Yes Sell $21.85
03/04/15 LBTYK Liberty Global PLC Yes Buy $52.34
03/04/15 AIG American International Group Inc Yes Sell $55.12
02/20/15 LBTYK Liberty Global PLC Yes Buy $50.87

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 asset-weighted average 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.