Split Rock Profile Picture Investment Adviser

Split Rock

Portfolio Manager,Financial Services,Split Rock

  • Education Cardinal Stritch University
  • Qualifications Series 65 and 63

Bakken Shale

Split Rock Private Trading & Wealth Management will continually monitor and evaluate companies with significant exposure to the Bakken formation of the Williston basin as well as other major U.S. oil and natural gas shale deposits including but not limited to: Bakken, Marcellus, Utica, Eagle Ford, Green River, Haynesville and other minor shale deposits.
Our strategy is driven primarily by fundamental analysis.  We tend to favor companies with consistent growth and stability of earnings and dividends, limited debt, low P/E multiples relative to peers, and strong cash flows.  We supplement our research with technical analysis, focusing on moving averages and support levels, as well as identifying current and potential industry trends. In this model, several companies selected might be in their initial growth stage. In which case, several aforementioned statistics may not necessarily be present. In the absence of the said statistics, Split Rock Private Trading & Wealth Management may still select equities based on growth potential relative to the peer group in the related region.
We start with all the publicly traded companies that have exposure to the shale deposits listed above. We then screen stocks based on fundamental properties, and select equities with the desired statistics and perceived growth potential. We conclude by cross checking our research with other well respected analysts recommendations before we make our final selections.  Data Sources include, but are not limited to Standard & Poors, Morningstar, Kwanti and CNBC.
Holdings = No more than 50 Weightings = Minimum 2%, Maximum 15% Rebalancing Techniques are based on either tactical adjustments or performance related trades. Proceeds are then used to rebalance existing holdings or enter newly recognized positions.
Our sell discipline is based on many factors including: 1.  Strategic and tactical adjustments as discussed earlier. 2.  Ongoing fundamental and technical analysis.
In the future, in the event of any unforeseen political, environmental, etc. hazards which negatively affect operation and production in the U.S. shale deposits, Split Rock Private Trading & Wealth Management has the discretion to invest in non-shale deposit related energy plays.

Risk score

4
12.1%

Best 30 days

-17.3%

Worst 30 days

Performance

  • 0.8%
    30 day
  • 1.3%
    90 day
  • 19.2%
    365 day
Monthly vs S&P500
split rock private trading - bakken shale
-10.0% 12 months
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  • $20,000 subscription min
  • Margin account required
  • 1.5% fee

Replicability

100.0%
  • Replicable

Top 5 Holdings View all

9.2%
7.6%
5.7%
5.7%
5.0%

Model commentary

  1. Bakken shale model makes position changes

    17 October 2012

    There's still a bright outlook for U.S. energy.

  2. Energy sector has a bright future regardless of next president 11 October 2012
  3. TransCanada: A diverse energy play 27 September 2012
  4. Oil demand is rising and so is domestic production 21 September 2012
  5. In search of exploration and production shale plays 20 September 2012

show more


Performance detail

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

Performance

Inception December 28, 2011
as of May 23, 2013 Manager S&P 500 Energy S&P 500 Average Subscriber
Past 30 days 0.8% 6.5% 4.5% -
Past 90 days 1.3% 4.9% 8.9% -
Past 365 days 19.2% 22.5% 25.1% -
Since Inception (Annualized) 4.7% 11.6% 21.9% -
2013 (YTD) 10.4% 12.8% 15.7% -
2012 -3.3% 2.3% 13.4% -

Risk Metrics

Last 365 days
as of May 23, 2013 Manager S&P 500 Energy S&P 500
Best 30 days 11.1% 11.2% 8.2%
Worst 30 days -9.5% -8.5% -7.0%
Volatility 19.9% 17.3% 12.7%
Sharpe Ratio 0.96 1.29 1.97
Sortino Ratio 1.34 1.84 2.85
Maximum Drawdown -11.6% -10.2% -7.7%
Value-at-risk (95%, 1 week) -4.6% -4.0% -2.9%
vs. S&P 500 Energy vs. S&P 500
Information Ratio -0.42 -0.53
Alpha -3.5% -11.7%
Beta 1.05 1.34
R-Squared 0.84 0.73
Split Rock's other strategies
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  • $20,000 subscription min
  • Margin account required
  • 1.5% fee

Latest transactions view all

Average trades per month 7.4
Executed Symbol Security Replicable Type Price
05/16/13 CORR CORENERGY INFRASTRUCTURE TRU Yes Buy $7.76
05/16/13 CVE CENOVUS ENERGY INC Yes Sell $29.84
05/16/13 GBX GREENBRIER COMPANIES INC Yes Sell $23.98
05/16/13 ARII AMERICAN RAILCAR INDUSTRIES Yes Sell $34.79
05/06/13 LNCO LINN CO LLC Yes Buy $39.23
05/01/13 SRLN SPDR BLACKSTONE/GSO SEN LOAN Yes Buy $50.18
05/01/13 SLCA US SILICA HOLDINGS INC Yes Buy $20.20
05/01/13 RES RPC INC Yes Sell $13.04


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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