Shelter Cove Profile Picture Investment Adviser

Shelter Cove

Shelter Cove

  • Education Pace University; Monmouth University
  • Qualifications MBA, BS
  • Investment Experience 14 years
  • Founded 2010

Core and Satellite

The portfolio seeks to provide absolute returns in all market environments. A top down approach is employed to select asset classes and investment themes. A bottom up analysis is used to determine individual securities. The model takes a rigorous approach to risk management.
The model uses a core/satellite approach. The core holdings are expected to be longer term holdings with relatively low turnover. The satellite holdings may turn over more quickly as the environment warrants. The process starts by defining what themes, asset classes and regions are likely to produce positive returns. Once a framework has been defined, assets are selected to maximize the exposure to each theme.
For individual securities, I employ fundamental analysis. I look for companies that are cash flow positive and have strong growth prospects or the ability to improve margins. For ETFs, I make sure that the asset is constructed without undue risk concentrations. In all cases, original SEC filings are used as the basis for understanding the investment. Idea generation is driven by financial publications, media and other portfolios.
The portfolio does not maintain a fully invested status at all times. When it is fully invested, it will generally have 12-20 holdings. The portfolio is not rebalanced according to a schedule, which could lead to significant weight disparities among positions. In general, however, no particular position will be allowed to exceed more than 10% of the overall portfolio.
The manager will sell a position when one of the following situations occur: 1) an investment thesis has been broken or disproved, 2) a target price has been reached, or 3) a more attractive investment is found. The portfolio also tries to maintain tax efficiency and may sell a position in order to harvest losses.
None.

Risk score

3
4.7%

Best 30 days

-2.6%

Worst 30 days

Performance

  • -1.1%
    30 day
  • -1.2%
    90 day
  • -0.4%
    365 day
Monthly vs S&P500
shelter cove capital - core and satellite
-24.7% 12 months
Subscribe
  • $10,000 subscription min
  • Margin account required
  • 1% fee

Replicability

97.7%
2.3%
  • Replicable
  • Non-replicable

Top 5 Holdings View all

35.2%
23.7%
6.8%
5.7%
4.4%

Performance detail

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

Performance

Inception November 02, 2011
as of June 18, 2013 Manager S&P 500 Average Subscriber
Past 30 days -1.1% -0.9% -
Past 90 days -1.2% 6.0% -
Past 365 days -0.4% 22.8% -
Since Inception (Annualized) 4.1% 19.4% -
2013 (YTD) 1.9% 15.8% -
2012 3.2% 13.4% -

Risk Metrics

Last 365 days
as of June 18, 2013 Manager S&P 500
Best 30 days 2.2% 8.2%
Worst 30 days -2.6% -7.0%
Volatility 4.1% 12.4%
Sharpe Ratio - 0.13 1.83
Sortino Ratio - 0.18 2.74
Maximum Drawdown -4.0% -7.7%
Value-at-risk (95%, 1 week) -1.0% -2.9%
vs. S&P 500
Information Ratio -2.43
Alpha -5.9%
Beta 0.26
R-Squared 0.60
Subscribe
  • $10,000 subscription min
  • Margin account required
  • 1% fee

Latest transactions view all

Average trades per month 2.1
Executed Symbol Security Replicable Type Price
06/03/13 INTC Intel Corp Yes Sell $25.15
04/22/13 HOV HOVNANIAN ENTERPRISES-A Yes Sell $4.80
04/09/13 VWO Vanguard Emerging Markets ETF Yes Buy $42.50
04/05/13 BRCM BROADCOM CORP-CL A Yes Sell $32.80
04/05/13 CEF CENTRAL FUND CANADA LTD-A Yes Buy $18.87
04/03/13 AOS SMITH (A.O.) CORP Yes Sell $68.04
04/03/13 EWJ ISHARES MSCI JAPAN INDEX FD Yes Buy $10.50
04/03/13 T AT&T Inc Yes Sell $37.25


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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